## T. Rowe Price Shares Soar After Goldman Sachs Deal
Here’s a quick rundown of what happened with T. Rowe Price and Goldman Sachs:
- **Big Deal:** T. Rowe Price’s stock jumped 10% after announcing a $1 billion deal with Goldman Sachs.
- **What’s the Deal?** Goldman Sachs will buy up to $1 billion of T. Rowe Price stock, potentially owning up to 3.5%. They’ll also collaborate to offer wealth and retirement funds that provide access to private markets for various investors.
- **Why This Matters:** T. Rowe Price has faced challenges, particularly in adapting to the ETF boom. This partnership aims to boost their offerings and potentially improve returns.
- **Goldman’s Perspective:** Goldman Sachs sees this as a way to leverage their expertise in public and private markets alongside T. Rowe Price’s active investing experience.
- **Timing is Key:** The deal follows an executive order that could open up 401(k) plans to alternative assets, including private-market investments.
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