Gary Cohn the latest name to enter the SPAC pool

CNBC's Leslie Picker on Gary Cohn's entry into SPACs. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Gary Cohn, the former economic adviser to U.S. President Donald Trump, has teamed up with investor Clifton S. Robbins to seek $600 million in an initial public offering (IPO) for a new blank-check acquisition company, filings showed on Tuesday. Cohn is the latest high-profile name to join the frenzy of Wall Street dealmaking related to special purpose acquisition companies (SPACs). SPACs were considered a banking backwater a decade ago but have emerged in 2020 as one of the most active areas on Wall Street, driven by splashy deals for the likes of space tourism company Virgin Galactic Holdings Inc and fantasy sports and gambling company DraftKings Inc. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC For info on the best credit cards go to CNBC Select: https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV