SPACs were on a tear in the last couple of years. They're going bankrupt very quickly too, says Equity reporter Bailey Lipshultz. The redemption rate is north of 90%. A lot of these newly public companies are operating in more speculative industries.
Bloomberg News Wall Street Reporter Sonali Basak checks in from the Goldman Sachs Group investor day. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Equities Reporter Bailey Lipschultz provide the details of Bailey's Businessweek Magazine story The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales. Bloomberg Intelligence Senior Retail Staples & Packaged Food Analyst Jennifer Bartashus reports on Target earnings and outlook. And we Drive to the Close with Nadia Lovell, Senior U.S. Equity Strategist at UBS Global Wealth Management.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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