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Banks and financial firms across the world have already taken or are braced for heavy losses from the collapse of First Brands.

The elite consulting firm on Wednesday named one of its smallest classes of partners in recent years, elevating 224 people to the much-coveted position, according to an internal note viewed by The Wall Street Journal.

The Bank of England has already warned of a "sudden correction" in global financial markets, saying "market valuations appear stretched" for tech AI firms.

Private equity, on the other hand, puts money in private firms that don’t release detailed financial records.

While the NFL doesn’t have firm plans to place any teams abroad or a concrete timeline, league officials have been keeping a close eye on the momentum behind commercial supersonic flights.