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00:00I'd love to get your perspective on like how's business. Like what is your what's your visibility in the back half of the year . So business has been pretty good and I think that's a function of the fact that a lot of our clients have chosen to finance and we're very big and very active in the financing space. I would say you know there's been some new businesses that have emerged this back. Business has actually emerged in a meaningful way as a viable way for a lot of private companies to access the public markets. I'd like to tell people it's a it's an overnight sensation. Twenty five years in the making. You know sparks have been around for a long time but now they're the flavor of the month. There's been more spark in biotech IPOs in this year than maybe in any other year. Kailey Leinz good at both of those . We've chosen to focus on this. We were focused on before the crisis. And it turns out those are really good businesses to be in in this kind of an environment as nervous trying to figure out how to finance themselves and get access to capital. I don't see that changing any time soon. I don't certainly don't see it changing whether it's a Republican or Democrat in the White House. I think at the end of the day companies need to make sure they have the resiliency and sustainability to execute for as long as this crisis goes on. And the best way to do that is to get access to capital .

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Cowen's Solomon Says SPACs Are the 'Flavor of the Month'

Cowen Inc. Chairman and Chief Executive Officer Jeff Solomon says a lot of Cowen's clients have chosen to finance amid the Covid-19 pandemic and the business for special purpose acquisition companies (SPACs) has emerged in a meaningful way. He speaks with Bloomberg's Alix Steel and Sonali Basak on "Bloomberg Markets." (Source: Bloomberg)

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