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Stock impact report

Howard Lutnick's Son Takes CEO Role at Cantor Fitzgerald SPAC [Yahoo! Finance Canada]

BGC Group, Inc. - Class A (BGC) 
Last bgc group, inc. - class a earnings: 8/2 04:20 pm Check Earnings Report
Most Read from Bloomberg Brandon Lutnick, a trader at his father's Cantor Fitzgerald LP, has been listed as CEO at its most recently created SPAC, Cantor Equity Partners I Inc., according to a filing Wednesday. The entity, which hasn't yet made its market debut, has said it aims to raise $200 million to seek a merger with a private company. Eyes have been on Brandon since his father, the co-chair of Trump's transition team, was tapped to run the Commerce Department. A graduate of Stanford University, Brandon has already helped carry out his father's business agenda, including a spell working in Switzerland for a large client, cryptocurrency firm Tether Holdings Ltd. Howard Lutnick, who holds a majority stake in Cantor Fitzgerald, has said he will step down from three businesses it controls — Cantor, BGC Group Inc. and Newmark Group Inc. — as well as divest interests in his firms to comply with government ethics rules. He hasn't yet named a successor to lead Cantor or the parent Show less Read more
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