How do SPACs work?

What is a SPAC and how does it work?

So, SPAC is short for: Special Purpose Acquisition Company. That's when a company raises funds through an IPO and uses those funds to buy an operating business. You've seen SPACs grow in recent years and in fact, we just had one here. Virgin Galactic came public through a SPAC merger.


Are there other ways that companies can go public?

Yes, there are several ways that companies can go public. Of course, there's a traditional IPO, the initial public offering. And you just heard me talk about the SPAC merger. Now, there's a new way to go public these days, which is called a direct listing. That's when a company can go public and not have to raise capital. You saw Spotify do that last year. And this year we had Slack do a direct listing.

Imagine losing your child in their first year of life and having no idea what caused it. This is the heartbreaking reality for thousands of families each year who lose a child to Sudden Unexpected Infant Death (SUID). Despite decades-long efforts to prevent SUID, it remains the leading cause of death for children between one month and one year of age in developed nations. Working in collaboration with researchers at Seattle Children's Research Institute and the University of Auckland, Microsoft analyzed the Center for Disease Control (CDC) data on every child born in the U.S. over a decade, including over 41 million births and 37,000 SUID deaths.

By pairing Microsoft's capabilities and data scientists with Seattle Children's medical research expertise, progress is being made on identifying the cause of SUID. Earlier this year, a study was published that estimated approximately 22% of SUID deaths in the U.S. were attributable to maternal cigarette-smoking during pregnancy, giving us further evidence that, through our collaboration with experts in varying disciplines, we are getting to the root of this problem and making remarkable advances.

Read more at Microsoft On The Issues.

A job is a job right? Not really. Full-time work generally offers more stability and financial security than part time jobs. Those full-time jobs tend to be more accessible in richer countries, but in every part of the world, regardless of a country's economic output, there is still a wide gap between the full-time employment of men and women. Globally, 36 percent of men are secure in a full time job, compared to just 21 percent of women. Here's a look at how each region fares.

After a months-long investigation into whether President Donald Trump pressured Ukraine's president into investigating his political rivals in order to boost his reelection prospects in 2020, House Democrats brought two articles of impeachment against him, charging him with abuse of power and obstruction of Congress. Click here for our GZERO guide to what comes next.

In the meantime, imagine for a moment that you are now Mitch McConnell, Senate Majority leader and senior member of Donald Trump's Republican Party. You've got big choices to make.

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After a months-long investigation into whether President Donald Trump pressured Ukraine's president into investigating his political rivals in order to boost his reelection prospects in 2020, House Democrats on Tuesday brought two articles of impeachment against him. They charge Trump with abuse of power and obstruction of Congress.

So, what are the next steps?

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Trump gets his deal – House Speaker Nancy Pelosi announced yesterday that Democrats will back the USMCA, the US-Mexico-Canada trade agreement that will replace the North American Free Trade Agreement. Crucially, the bill will also have support from the nation's largest labor union. This is a major political victory for President Trump, who promised he would close this deal, but it's also good for Pelosi: it shows that the Democrats' House majority can still accomplish big things even as it impeaches the president. But with the speed of the Washington news cycle these days, we're watching to see if anyone is still talking about USMCA three days after it's signed.

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