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The Latest Breaking News from Carl Icahn

Inside Illumina’s bruising proxy battle with billionaire activist investor Carl Icahn

Illumina’s contentious acquisition of cancer test maker Grail brought billionaire Carl Icahn to the company’s doorstep.

Fortune

EU fines US firm Illumina $475 million for jumping gun on buying cancer-screening company Grail

The European Union has slapped a $475 million fine on U.S. biotech giant Illumina for buying out cancer-screening company Grail without the approval of the 27-nation bloc’s antitrust watchdog

The Independent UK

Corporate raider Carl Icahn recovers $1 billion in his fortune as loan deal with big banks alleviates shortseller assault

The billionaire investor Carl Icahn has been under assault from the short-seller Hindenburg Research, forcing him to renegotiate a key loan deal.

Fortune

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Stocks Climb as Bond Yields Fall on Signs of Lower Price Pressures

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.06%. Stock indexes Monday settled mixed, with the Nasdaq 100...

Barchart

Musk, Zuckerberg lead a $852 billion surge among world’s richest people

The world’s 500 richest people added $852 billion to their fortunes in the first half of 2023.

Tribune News Service

Illumina’s Sudden CEO Exit Is Just One of Many Problems Facing DNA Company

The sudden resignation of Francis deSouza raises questions about the firm’s future after its proxy fight with Carl Icahn.

Businessweek

Motorola ditched cell phones and found a lucrative second act, fueling one of tech's biggest turnarounds

The company that invented the cell phone now makes most of its money from security tech—and it’s one of tech’s biggest turnaround stories.

Fortune

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How Main Street Investors Can Detect Short Seller Misinformation Campaigns

How to avoid the pitfalls and find a better way to short stocks.

StockNews.com

Bill Ackman says Carl Icahn's investment firm is giving him Archegos vibes

Personal loans secured against the value of Icahn's ownership in his own investment firm could prove highly unstable, the Pershing Square founder warns.

Fortune

Carl Icahn bet on America to fail. Instead he lost $9 billion

A short seller accused the billionaire of covering up his losses by bribing shareholders with a dividend. Now he admits his 'mistake': 'Don't fight the fed'

Fortune

Carl Icahn’s activist play plays into the hands of Lina Khan and EU regulators

Every company with acquisition plans in the U.S. and Europe should be concerned about the FTC partnering with EU regulators to sink the Illumina-Grail deal.

Fortune

The 'karmic quality' of Hindenburg's war on Carl Icahn just took on a new cast. It's not just shorting his stock anymore but his bonds, too.

Weeks ago, Icahn's arch rival Bill Ackman commented on the irony of an activist being pursued by an active campaign.

Fortune

Carl Icahn Gets a Taste of His Own Medicine with the Icahn Enterprises (IEP) Decline

Billionaire Carl Icahn’s conglomerate Icahn Enterprises got hit again with sharp losses, meaning that an activist investor got a taste of his own medicine.

Barchart

Short-seller Hindenburg accuses corporate raider Carl Icahn of a “ponzi-like” corporate setup

Hindenburg claims Icahn’s exchange-listed investment vehicle lures small amateur investors with an excessively generous dividend funded by issuing $1.7 billion in new shares since 2019.

Fortune

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Fortune

The bear market will end early next year and create a 'terrific buying opportunity,’ Morgan Stanley’s Mike Wilson says

Wall Street's top strategist Mike Wilson says there's a buying opportunity on the way, but the path to get there is going to be "really tricky."

Fortune

Carl Icahn says ignore Thursday's rally, we aren't out of a bear market

Billionaire investor Carl Icahn reiterated warnings that a recession is coming and that he is keeping his portfolio at Icahn Enterprises hedged

Benzinga

GameStop Shares Pop Tuesday On A Tweet From Ryan Cohen, Here's Why

Activist investor Ryan Cohen is a person who can move the markets with a tweet.

Benzinga

'It's Game Over': Loop Capital Analyst Warns That Bed Bath & Beyond's Days Are Limited

Bed Bath & Beyond Inc (NASDAQ: BBBY) shares hit 52-week lows on Wednesday after the company reported weak earnings results and announced a CEO transition. One analyst believes the pain is just getting started.

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Bangkok Post

Icahn Drops Proxy Fight Over Pig Treatment at Kroger

Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at grocery-chain Kroger Co. after concluding he is likely to lose as he did a similar fight at McDonald's Corp. last month.

Benzinga

Carl Icahn Backs From Proxy Fight With Kroger Over Pig Treatment: WSJ

Activist investor Carl Icahn said he is backing from a proxy fight at Kroger Co (NYSE:KR) on the treatment of pregnant pigs, the Wall Street Journal reported. He took the decision after he lost a similar proxy fight with McDonald's Corp (NYSE:MCD) over animal welfare. "I congratulate the McDonald's team on their victory in this proxy engagement…

Benzinga

McDonald's Shareholders Vote For Civil Rights Audit: Bloomberg

McDonald’s Corp (NYSE:MCD) investors have voted in favor of a proposal for an independent civil-rights audit, Bloomberg reported. The civil rights audit was the only shareholder proposal to gain the backing of a majority of votes cast at McDonald’s annual meeting. About 52% of votes were in favor of the audit and 47%…

Financial Times

Smart, co-operative, emotional: what cutting-edge science tells us about pigs

A more rounded view of their interior lives would have huge commercial implications — as Carl Icahn’s battle with McDonald’s suggests

Benzinga

Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling.

StockNews.com

Should You Buy Shares of Southwest Gas After It Reached a Settlement with Carl Icahn?

Utility company Southwest Gas (SWX) recently reached a settlement with billionaire investor Carl Icahn, ending a months-long dispute. However, considering its weak bottom line and lean profit margins, is the stock a buy now? Read on to learn what we think.

Salon

CEOs got big raises while hiking prices

Some companies raised prices, blaming rising wages — but actually cut workers' pay, according to new report

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