Hot under the collar

Good afternoon. Here's what you need to know to end your day.

Another IPO bites the dust. Embattled co-working startup WeWork is formally withdrawing the prospectus for its trading debut after co-founder Adam Neumann stepped down as CEO last week amid, variously, concerns about corporate governance and its aggressive growth. The decision comes just days after entertainment conglomerate Endeavor Group called off its IPO.