Bill Ackman Aims to Raise $25 Billion for US Closed-End Fund in IPO
Bill Ackman, the prominent hedge fund manager, is set to raise $25 billion for a US closed-end fund through an IPO, leveraging his social media following to attract investors. Despite challenges in the sector, Ackman’s ambitious goal aims to empower Pershing Square to acquire larger stakes in publicly listed companies.
Elon Musk and Mark Cuban Clash Over Diversity, Equity, and Inclusion Programs
Mark Cuban and Elon Musk, two prominent figures in the business world, recently engaged in a heated debate over the value of diversity, equity, and inclusion (DEI) programs within US companies. The clash ensued after the resignation of Harvard’s first…