SPACs are raising more money and outnumbering traditional IPOs, a review of Dealogic data shows. These “special-purpose acquisition companies” have raised $38.3 billion since the start of 2021, compared with $19.8 billion by traditional IPOs.…

One of the nation’s biggest real-estate investors, which is run by a longtime friend of Donald Trump, is exploring ways to end a lucrative partnership with the former president’s real-estate company, people familiar with the…