John Coates, acting director of the SEC's corporate-finance division, warned executives that misinformation about the benefits of going public through a SPAC transaction has been spreading in the media and elsewhere.
The Biden administration offered new proposals on taxing multinational companies in a bid to secure an international agreement aimed at reducing tax avoidance, particularly by big pharmaceutical and technology companies.
Oil prices headed modestly lower Thursday morning, with the commodity's retreat being attributed, at least partly, to a delayed reaction to a bigger-than-expected increase in U.S. gasoline stocks, which suggests slack in energy demand.