Rampaging Stock Bears Slowed at Key S&P 500 Technical Level

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Reuters

UPDATE 1-European lottery group Allwyn calls off SPAC deal to list on NYSE

European lottery group Allwyn Entertainment said on Friday it has called off its deal with a blank-check company that would have seen its shares list in New York, citing volatile market conditions. Allwyn struck a merger deal with the blank-check firm Cohn Robbins Holdings Corp in January, putting the combined firm’s enterprise value at about $9.3 billion at that time. Allwyn’s announcement comes the same day as the SPAC backed by private equity firm TPG Inc decided to wind down its operations, also citing market volatility.