Why the Once-Hot SPAC Sector Is Cooling Down

P.M. Edition for Sept. 2. A slew of companies rushed to go public this year by merging with blank-check companies, or SPACs. But just six months later, a broad selloff has wiped $75 billion off the value of those companies. Markets reporter Amrith Ramkumar joins host Annmarie Fertoli with more on what's behind the retreat. Learn more about your ad choices. Visit megaphone.fm/adchoices