About this episode
Bill Ackman’s SPAC Pershing Square Tontine Holdings has acquired 10% of Universal Music Group, the label behind Taylor Swift, Lady Gaga, and Drake--valuing the company at $40 billion. Tontine is the biggest ever SPAC, and Becky, Andrew, and Mike Santoli discuss the financial engineering behind a deal of this size. Staff writer for The Atlantic Joe Pinsker spoke to companies around the world successfully experimenting with a four-day workweek. He explains what could be the next step in the post-pandemic workplace evolution. As bipartisan negotiations for an infrastructure bill wear on in Washington, Republican Maryland Governor Larry Hogan and Congresswoman Susie Lee (D-NV) discuss the plan’s “pay-fors” and each party’s non-negotiables. Plus, as China cracks down on crypto mining, prices are falling. And, cruise lines are set to weigh anchor, but American Airlines is struggling to keep up with travel demand without sufficient staffing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.