In politics, Donald Trump has held on to a faithful following even as his legal problems cast doubt on his future. The same goes in one risky corner of the stock market, Bloomberg reports.
Shares of Digital World Acquisition, the SPAC that's seeking to take Trump's nascent media company public, are holding nearly 30% above the approximately $10.40 investors will get back if the merger collapses — indicating they expect the deal to go through, instead. That prospect brightened last week, when Digital World said it struck a tentative agreement with the Securities and Exchange Commission to end its probe of the deal, removing one potential hurdle. Read more.
Source: Trump's SPAC Deal Tests Stock-Market Faithful With Clock Ticking