Blackstone stock in focus after $5 billion Beacon Offshore talks, Trump housing order
Blackstone is exploring a sale of Beacon Offshore Energy for over $5 billion, a source said, after Bloomberg reported IPO talks. Shares fell 5.9% Tuesday to $153.91 as Wall Street posted its steepest drop in three months. President Trump signed an order targeting institutional buyers of single-family homes, including Blackstone. Blackstone manages $1.2 trillion in assets as of September 2025.
