T. Rowe Price shares rocket higher after deal where Goldman will invest $1 billion in asset manager

## T. Rowe Price Jumps After Goldman Sachs Deal

Here’s a quick rundown of the recent news surrounding T. Rowe Price and its exciting new partnership with Goldman Sachs:

• **Big News:** T. Rowe Price’s stock saw a significant surge on Thursday.
• **The Deal:** Goldman Sachs is investing up to $1 billion in T. Rowe Price through open-market purchases, potentially owning up to 3.5% of the company.
• **The Partnership:** The two firms will collaborate to offer wealth and retirement funds, giving retail investors access to private markets.
• **Why It Matters:** This move aims to capitalize on the growing demand for alternative assets and potentially boost T. Rowe Price’s performance, which has lagged in recent years.
• **Context:** This deal aligns with President Trump’s recent executive order, which aims to give investors greater access to alternative assets in 401(k) plans.

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