From Yahoo Finance: 2025-05-05 11:43:00

Apollo Global Management CEO Marc Rowan disagrees with Warren Buffett on tariffs, seeing them as tools, not weapons. Rowan believes tariffs will cause an abrupt adjustment. Apollo’s first quarter results showed a more volatile risk asset environment. Total fee-related revenue rose 16.6% to $978 million, but spread income was slightly short of estimates. Rowan sees uncertainty in Apollo’s portfolio due to tariffs, impacting investment and hiring decisions.

Read more: I don’t agree with Warren Buffett on tariffs