AMERICAS DISTRESS DAILY:Puerto Rico Firings May Aid New Fortress

Aug. 7, 2025, 1:12 PM UTC

Billionaire Wes Edens’ New Fortress Energy stands to gain from the White House’s ouster of most members of Puerto Rico’s oversight board, which had blocked a lucrative natural gas deal.

  • The company’s future is at stake as it faces a debt crunch and struggles to turn a profit

In Other News:

  • Few of the thousands of referrals to law enforcement each year by a US bankruptcy trustee about possible criminal conduct like tax fraud or concealment of assets result in charges

From Bloomberg Intelligence

  • Dealers Face $22 Billion Sales Hit as Off-Lease Supply Dries Up

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