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CNBC's Jim Cramer has been bashing SPACs on Twitter and his show this week. That drew attention from the so-called SPAC King Chamath Palihapitiya.What Happened: Cramer recently highlighted Spartan Energy Acquisition (NYSE: SPAQ), a SPAC merging with Fisker. Cramer compared Henrik Fisker and his company to Nikola (NYSE: NKLA) and Trevor Milton, the Nikola founder who resigned.On Wednesday, Cramer told his 1.4 million Twitter followers "I am sick of SPACs!." A simple response came from Palihapitiya:> Why?> > -- Chamath Palihapitiya (@chamath) October 1, 2020Cramer's Thoughts On SPACs: Cramer tweeted to "Squawk Box" host Andrew Ross Sorkin, "Why do investors think that every SPAC is a winner." Cramer got the following response from Sorkin:> I don't understand it. But here is one thought: For many investors in a SPAC, pre-merger, it is simply an arbitrage, financial engineering play: they borrow money to invest and capture the spread when a deal gets...
In the last of seven hearings to investigate concerns that Google, Facebook, Amazon, and Apple are operating illegal monopolies, witnesses before the House Antitrust Subcommittee Thursday clashed on whether Congress should overhaul U.S. antitrust law...
"A clean extension of the payroll support program would buy us six critical months to see our way through to the other side of the pandemic," Kelly said in a video message https://bit.ly/33nmDqd on twitter. U.S. airlines have been pleading for another $25 billion in payroll support to protect jobs for another six months after the last package, which banned furloughs, expired at midnight....
Stock futures traded flat late Thursday as investors awaited the Labor Department’s September jobs report Friday morning, and considered dimming prospects for further fiscal stimulus in the near-term....
DUBLIN, Oct. 1, 2020 /CNW/ -- Endo International plc (NASDAQ: ENDP) today announced that its subsidiary, Par Pharmaceutical, Inc....
