Deciding the future of the Ten Surprises has been challenging. After consulting numerous friends and colleagues across the industry, the answer became clear, inspired by one of Byron's life lessons: “Don’t try to be better. Be different.”

Blackstone Life Sciences’ investment in Anthos Therapeutics demonstrates the power of our approach: combining our scale and deep operating expertise to build businesses that can help bring innovative products to market and substantially improve patient outcomes.

These conditions have many investors wondering where else they can go. At Blackstone, we believe that these macroeconomic conditions have the potential to create a favorable market for private credit.

Nearshoring and onshoring are positive for long-term growth and employment, but they also reinforce that the baseline inflation rate is likely to be higher than in previous cycles.

Energy accessibility and affordability are some of the most complex challenges to solve in New York City, due to a growing population relying on aging energy infrastructure. And while solar is becoming an increasingly affordable option, the city will need other energy sources to build a consistent supply of affordable energy at scale..

AI’s foundation is data and the infrastructure required to use it, which is one reason that leads me to believe that this isn’t a bubble.