Here's what we are reading this morning:
Cracks Deepen for America’s Biggest Hospital Landlord: Struggling Tenants, a Bailout on Hold - WSJ: A California regulator has halted a plan for Medical Properties Trust to take a stake in a struggling hospital chain’s business.
Celsius Disclosure Statement Approved by Court | Business Wire: A Court hearing to consider approval of the proposed Plan is currently scheduled to begin on October 2, 2023.
Bankrupt Trucker Yellow Taps Estes Express for $1.3 Billion Real-Estate Sale - WSJ: The real-estate deal with Estes is likely enough to cover funds Yellow borrowed from government and private lenders before bankruptcy.
Investors Fear China’s ‘Lehman Moment’ Is Looming - WSJ: Troubles at a big trust company are making investors worry about financial contagion from property developers’ distress.