Anthony Bansi

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Here's your midday brief for Tuesday, March 24th.

I'm Anthony Bansi for The Wall Street Journal.

Insurance prices for cargo ships in the Persian Gulf are soaring due to the risk of Iranian attacks.

Broker Aon says insurers are quoting 5 to 10 percent of a ship's value for war risk coverage.

During peacetime, rates are typically around a quarter of a percent.

Meanwhile, Apollo Global Management shares slipped in morning trading after one of its private credit funds said it will enforce a cap on withdrawals.

Redemption requests from investors have been rising, and some asset managers have limited investors' ability to withdraw funds this year.

Private credit managers are facing a reckoning after lending heavily to software firms.

Investors have been looking to reduce their exposure to that sector after high-profile defaults and recent restrictions on redemptions have only added to the concerns.

Finally, FedEx is launching a new delivery service called Same Day Local that offers shoppers two-hour or end-of-day delivery directly at checkout.

The package delivery giant says it's partnering with delivery provider OneRail to connect customers to a national network of more than 1,000 providers.

Amazon last week said it was rolling out one-hour and three-hour delivery options across the United States.

Heads Up, an artificial intelligence tool, helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have more coverage of the day's news on WSJ's What's News podcast.

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Here's your Midday Brief for Tuesday, February 3rd.

I'm Anthony Bansi for The Wall Street Journal.

Disney has named park's chief, Josh DeMauro, as its new CEO, succeeding Bob Iger.

DeMauro is 54 years old and currently runs the company's theme parks and cruise ships.