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From McDreamy to Wall Street villain: Patrick Dempsey on ‘all the things you need for a good drama’

From McDreamy to Wall Street villain: Patrick Dempsey on ‘all the things you need for a good drama’

Entertainment
It doesn't get much starrier than playing the romantic lead in one of the world's biggest TV shows, but after just a couple of minutes of talking to Patrick Dempsey it's clear his feet are planted firmly on the floor."I get it," he tells me as my toddler comes bursting into the room just a couple of minutes after we start chatting on Zoom, and later reveals that his family's lockdown binge TV of choice is The Queen's Gambit - as it helped them improve their own chess strategies when playing one another. Propelled to household-name status playing neurosurgeon Derek Shepherd (aka McDreamy) in medical drama Grey's Anatomy, Dempsey comes across as a down-to-earth family man in real life - and a far cry from his latest character in new show Devils, a thriller set in the world of finance around ...

How financing SPAC takeovers became Wall Street’s new favorite trade

Finance
Matteo Colombo | DigitalVision | Getty ImagesFor most investors these days, it's literally a "PIPE dream." PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market. But as PIPEs are increasingly being deployed in conjunction with a surge in SPAC mergers, a larger group of fund managers are seeking access to this security, with limits on who and how many can invest. While SPACs, or special purpose acquisition companies, will tap the public markets to raise capital to fund a future takeover, PIPEs are allocated to a small group of investors. Managers of the funds participating in the PIPE will sign a non-disclosure agreement, with trading restrictions, and are brought over a proverbial "wall," ...
FTSE 100 suffers worst year since 2008 – but Wall Street rebounds

FTSE 100 suffers worst year since 2008 – but Wall Street rebounds

Business
The FTSE 100 has clocked up its worst year since the 2008 financial crisis - underperforming against global rivals that have bounced back following a coronavirus sell-off earlier in the year.London's leading share index closed at 6460.5 in a shortened closing session on New Year's Eve, 14.3% down over the course of 2020. It marked something of a recovery after the FTSE's calamitous sell-off during the spring saw it fall below the 5,000-mark but the annual decline was still the biggest slump since a 31% plunge 12 years ago. Image: Markets across the globe plunged earlier this year At the same time New York's S&P 500 has been trading at or around all-time highs this week while Germany's Dax, up 3.5% for the year, was just shy of rec...
Damage from border wall: blown-up mountains, toppled cactus

Damage from border wall: blown-up mountains, toppled cactus

Technology
GUADALUPE CANYON, Ariz. -- Work crews ignite dynamite blasts in the remote and rugged southeast corner of Arizona, forever reshaping the landscape as they pulverize mountaintops in a rush to build more of President Donald Trump’s border wall before his term ends next month.Each blast in Guadalupe Canyon releases puffs of dust as workers level land to make way for 30-foot-tall (9-meter-tall) steel columns near the New Mexico line. Heavy machines crawl over roads gouged into rocky slopes while one tap-tap-taps open holes for posts on U.S. Bureau of Land Management property.Trump has expedited border wall construction in his last year, mostly in wildlife refuges and Indigenous territory the government owns in Arizona and New Mexico, avoiding the legal fights over private land in busier crossi...

Stock futures are flat as Wall Street tries to recover from 2-day slide

Finance
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City.Spencer Platt | Getty ImagesU.S. stock futures were flat on Wednesday night as traders continued to weigh the prospects for a coronavirus aid deal being reached before next month's election.Dow Jones Industrial Average futures were up just 6 points. S&P 500 futures fell marginally and Nasdaq 100 futures dipped 0.1%.Treasury Secretary Steven Mnuchin said on Wednesday that reaching a coronavirus stimulus deal before the election would be difficult as Democrats and Republicans remain far apart on certain issues. His comments came after House Speaker Nancy Pelosi, D-Calif., said earlier this week that a recently propose...