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Viewsroom: Wall Street is open again and booming

From Morgan Stanley to BlackRock, the world’s top investment banks and money managers are back in their offices and super busy with mergers, IPOs, LBOs and other activities thumping. Plus, Soho House and Wise go public and green hydrogen megalomania on the Congo river.

Ackman’s un-SPAC elicits a shrug from investors

Bill Ackman’s online acolytes are unfazed by the dwindling premium attached to the billionaire's Pershing Square Tontine Holdings vehicle. Self-described Tontards swap memes on Reddit glorifying the investor they call “daddy”, while a sock puppet proffers an expletive-ridden sum-of-the-parts valuation. Yet PSTH shares suggest Ackman’s unconventional special purpose acquisition company has lost its shine.

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