SPAC

Healthcare

23andMe Gives Up on its Drug Development Dream

Photo by Mike Mozart via CC BY 2.0

A treasure trove of genetic data may hold the key to a revolution in drug development, but it offers no clues for building a business.

2 min read

Photo by Scott S via CC BY 2.0

Regulation

The SEC Is Finally Cracking Down on SPACs

Regulators voted in new rules aimed at protecting investors considering investing in the nontraditional setup.

1 min read

Photo by Jp Valery via Unsplash

Advisor Upside

Ads Featuring Burning Dollar Bills? UK Watchdog Says Nope

The UK Advertising Standards Authority said Wahed Invest can no longer run posters with flaming US and EU bills.

1 min read
Photo by Jorge Salvador via Unsplash

International Economics

Spain Slaps 100% Property Tax on Non-EU Buyers

It’s part of a collection of measures to address the country’s housing crisis, Spain’s Prime Minister Pedro Sánchez says.

1 min read
Photo by Senate Democrats via CC BY 2.0

Hedge Funds

Bill Ackman’s Pershing Square Wants to Be the Next Berkshire

Pershing Square has announced a formal bid for Howard Hughes, the real estate developer where Ackman served as chairman for over a decade.

2 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.