Ackman Starts Marketing Pershing IPO to Raise up to $10 Billion

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu***Broadcasting Live from the New Jersey Institute of Technology***-- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Bill Ackman kicking off formal marketing for the US initial public offering of his closed-end fund and his hedge fund. The IPO for Pershing Square USA Ltd. is expected to price on April 28, and could raise as much as $10 billion, according to a statement.-Neil Sipes, Bloomberg Intelligence Financials Analyst, discusses earnings from Goldman Sachs. Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, with fixed-income, currency and commodities revenue of $4.01 billion for the first quarter.-Cassie Hallberg, CEO of NJIT-backed startup PureTrace Labs, discusses PureTrace Labs. The company is commercializing the technology of NJIT professor Hao Chen to dramatically speed PFAS testing turnaround and reduce cost. The technology is Paper Spray MS (PS-MS) and Desalting Paper Spray MS (DPS-MS) for rapid PFAS screening across water, soil, and packaging. (MS stands for mass spectrometry.)See omnystudio.com/listener for privacy information.