Browsing Tag

betting

A Pill to Treat Covid-19? The U.S. Is Betting on It.

The U.S. government spent more than $ 18 billion last year funding drug manufacturers to produce a Covid vaccine, an effort that resulted in at least five highly effective vaccinations in record time. Now, more than $ 3 billion is pouring…

Short sellers are betting more against SPACs

Venture capitalist Chamath Palihapitiya.Mark Kauzlarich / Bloomberg via Getty ImagesBlank check funds are hot. Wall Street investors are increasingly betting against them.Short positions in Special Purpose Acquisition Companies (SPACs) are…