1:55 p.m. ET -- Blackstone Inc. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The firm's real-estate fund Blackstone Real Estate Income Trust Inc. said it would limit redemptions as the amount of withdrawals requested in October exceeded its monthly limit of 2% of its net-asset value and its quarterly threshold of 5%. After Blackstone Inc. shares fell 7.1% Thursday, the stock was up 0.1% to $85.15 Friday. "Our business is built on performance, not fund flows, and performance is rock solid," a Blackstone spokesman said. BREIT also agreed to sell its 49.9% stake in MGM Grand Las Vegas and the Mandalay Bay to its co-owner Vici Properties Inc. The deal values the properties at $5.5 billion. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

12-02-22 1410ET