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Ackman's SPAC Is in Talks to Take Universal Music Pub...


The combined entity would be valued at about $40 billion, said the people, who asked not to be identified because the discussions are private. Deliberations are ongoing and the talks could still fall apart, they said.
Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., raised $4 billion in a July initial public offering a record-setting amount for a SPAC. Such firms go public and then find promising companies to merge with. Ackman, a hedge fund manager, has said that his firm was on the hunt for a “mature unicorn.”
“We’re in a unicorn mating dance and we want to marry a very attractive unicorn on the other side that meets our characteristics,” he said in a Bloomberg Television interview at the time. “And we’ve designed ourselves to be a very attractive partner.” ....

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Explaining the Growing Interest in Labor Market Concentration


Tuesday, May 11, 2021
1. Introduction
Labor market concentration and its potential effects on workers is a topic increasingly debated among antitrust practitioners and academics. The potential link between labor market concentration and lower wages has led to questions of whether and how labor issues should inform merger review and, more broadly, antitrust investigations.  Covid-19 has strained some industries (such as airlines) and may result in consolidation of some employers, further raising labor market concentration concerns.  This article describes some of the current research regarding labor concentration and its impact on workers, how labor concentration issues are being raised in the courts, and how economic analysis can inform antitrust inquiry moving forward. ....

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Goldman Sach


Goldman Sach’s (NYSE: GS) sector overview of the retail sector highlights the impact on apparel sales in the U.S. owing to unseasonably warm weather. The Northeast region especially lagged in winter apparel sales.
J.C. Penney (NYSE: JCP) and Kohl’s (NYSE: KSS) saw a slump in the children’s apparel. Read More. ....

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