Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S., have agreed to merge in a $6.6 billion deal, CNBC’s Phil LeBeau reports. Frontier will control 51.5% of the new airline. Former SEC chairman Jay Clayton discusses the Department of Justice’s latest probe into roughly a dozen short-selling firms, and considers the value of all market players, positive and negative. Ashley Marchand Orme, JUST Capital director of corporate equity, discusses how well the nation’s largest corporations are disclosing their diversity data a year after they pledged to step up their commitment to DEI. Plus, Peloton shares are soaring on potential takeover talks and Spotify has apologized to its employees for the way in which the Joe Rogan podcast controversy has impacted them.In this episode:Jay Clayton, @SECGovAshley Marchand Orme, @justcapital_Phil LeBeau, @LebeaucarnewsJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY