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4 mins read
The Bill Ackman SPAC debacle is the perfect example of what happens when a market bubble meets a star investor's hubris
Even the best investors can fall prey to a stock market fad. For example, no further than hedge fun…
Erik Gordon
2 mins read
Bill Ackman will return his SPAC's $4 billion if his next-generation SPARC is approved. He quoted Warren Buffett to explain why.
The billionaire investor wants to focus on his new acquisition vehicle, as a lawsuit threatens to s…
Theron Mohamed
2 mins read
Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC
The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…
Theron Mohamed
1 min read
USFDA rejects SPARC's cancer drug application
"The company has received a Complete Response Letter (CRL) from the United States Food & Drug …
PTI
2 mins read
Indian university students looking to pursue research abroad can now get funding from the government
The Indian government has said it will fund joint research projects at foreign labs for students at…
1 min read
Bankrupt Brooks Brothers received an initial bid of $305 million from Sparc Group, a venture backed by Simon Properties and Authentic Brands Group
Authentic Brands Group and Simon Properties have teamed up to make a $305 million stalking horse bi…
Catherine LeClair
1 min read
Meet Sparc, The Apple Store Of Marijuana Shops
Customers must be at least 18 years or older and have a letter of recommendation from a physician i…
Taylor Lorenz
2 mins read
Get ready to buy Shein clothes in Forever 21 stores
E-commerce platform Shein is joining fast-fashion forces with Forever 21. Shoppers could soon buy S…
Grace Mayer
4 mins read
An 'artificial sun' achieved a record-breaking fusion experiment, bringing us closer to clean, limitless energy
WEST, a fusion reactor in France, broke a record for tungsten tokamaks with a 6-minute plasma. It's…
Jenny McGrath
3 mins read
Millions are trapped in 'modern-day slavery' at brick kilns in Pakistan. Here's how you can help.
Organizations such as Green Bricks Foundation are working to provide resources for families stuck i…
Havovi Cooper,Olivia Nemec,Ll…
2 mins read
Billionaire investor Bill Ackman plans to spend up to $14 billion on deals - and confirms his mega SPAC is close to buying 10% of Universal Music for $4 billion
Ackman's PSTH could have almost $3 billion to pursue another transaction, and he's planning to arm …
Theron Mohamed
2 mins read
Billionaire investor Bill Ackman warns the Fed will struggle to crush inflation - and higher long-term interest rates could hit stocks
The Pershing Square chief expects greater onshoring, higher global wages, and a costly shift to ren…
Theron Mohamed
1 min read
Hedge fund manager Bill Ackman's mega-SPAC seals $4 billion deal to buy 10% of Universal Music
The billionaire investor is already working on another multibillion-dollar deal and has drafted pla…
Theron Mohamed
1 min read
Owner of Aeropostale, Forever 21, Juicy Couture set to buy Brooks Brothers for $325 million
Brooks Brothers announced that Authentic Brands Group and SPARC were the winning bidders for the ba…
Catherine LeClair
2 mins read
Billionaire investor Bill Ackman trumpeted his Universal Music deal, nodded to his Reddit fans, and invited company sellers to call him in a presentation this week. Here are the 8 best quotes.
The Pershing Square chief compared Universal CEO Lucian Grainge to Steve Jobs and Walt Disney in te…
Theron Mohamed
2 mins read
10 things before the opening bell
Tesla's humanoid robot, Bill Ackman's SPARC, and Coinbase's new crypto investment.
Phil Rosen
2 mins read
Billionaire investor Bill Ackman might land his $4 billion Universal Music deal thanks to his song-writing grandfather
The Pershing Square chief told Universal executives about his grandfather's hit song in 1926. They …
Theron Mohamed
2 mins read
Authentic Brands Group is considering buying Brooks Brothers. Here are the other dead brands the company has bought up this year.
Authentic Brands Group is interested in purchasing bankrupt retailer Brooks Brothers and has been b…
Catherine LeClair
1 min read
Bill Ackman's PSTH scraps Universal Music deal after SEC pushback -but the billionaire investor is still buying a stake
Ackman's SPAC is back to square one after regulators questioned the structure of the Universal Musi…
Theron Mohamed
2 mins read
The lawyers that sued Bill Ackman's SPAC are reportedly targeting 50 more as the merger boom deflates
The lawsuit against Ackman's Pershing Square Tontine Holdings has led Ackman to pursue alternative …