00:00Goldman Sachs plans to invest up to $1 billion in T. Rowe Price by acquiring around 3.5% of its shares on the open market.
00:07The alliance will roll out hybrid products, combining both public and private market investments for retail and retirement clients.
00:15The deal reflects a broader industry tilt as leading financial firms push private investment vehicles into everyday portfolios.
00:23Following the announcement, T. Rowe Price's stock jumped, signaling market optimism about the partnership.
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