Hedge Funds Carl Icahn

  • The Warner Bros. romantic comedy earned $26.5 million in its first weekend in theaters, and $35.3 million since it hit theaters Wednesday. Second place went to Warner Bros.' shark thriller "The Meg," now in its second weekend. 1. "Crazy Rich Asians," Warner Bros., $26,510,140, 3,384 locations, $7,834 average, $35,276,909, 1 Week.

  • Warner Bros. estimates that the film earned $25.2 million over the weekend and $34 million since its opening Wednesday. Breakout star Henry Golding told The Associated Press on Sunday that the film's performance is a "testament to the people who are turning up." "We knew we'd get avids who read the book and a large Asian following," said Warner Bros. domestic...

  • Tim Wentworth, CEO of Express Scripts.

    Express Scripts is in talks with several biotechnology companies to have its specialty pharmaceutical business exclusively distribute their new hemophilia therapies when they are expected to become available in 2019 and 2020.

  • Analysts project those drugs could top $1 million to $1.5 million in price. Rather than rail against the drugs expected high prices, Miller echoes the familiar drug company argument that the potentially curative therapies will likely be worth the high cost if they supplant the hundreds of thousands of dollars in annual medical costs to treat ailments such as...

  • Analysts project those drugs could top $1 million to $1.5 million in price. Rather than rail against the drugs expected high prices, Miller echoes the familiar drug company argument that the potentially curative therapies will likely be worth the high cost if they supplant the hundreds of thousands of dollars in annual medical costs to treat ailments such as...

  • The proposed acquisition is Diamondback's second in the Permian in a week, after striking a deal to pay $1.2 billion for Ajax Resources LLC. West Texas shale producers also are facing pressure to expand scale and efficiency in the Permian basin as higher costs for services, and the need to secure limited pipeline transport out of the region, weigh on smaller and...

  • Tapestry Inc., up $5.70 to $53.16. Advance Auto Parts Inc., up $11.29 to $156.13. Express Scripts Holding Co., up $1.98 to $86.

  • Icahn makes the game exciting, says Cramer

    The 'Squawk on the Street' team discuss Carl Icahn's decision to drop his fight with the Cigna-Express Scripts deal.

  • Shares of Express Scripts are moving higher before the opening bell after activist investor Carl Icahn ended a short-lived fight to scuttle Cigna's takeover of the pharmacy benefit manager. Icahn argued in a lengthy letter to fellow shareholders last week that Cigna was "dramatically overpaying" for Express Scripts. Institutional Shareholder Services, as...

  • Icahn drops fight against Cigna-Express Scripts deal

    Carl Icahn dropped his fight against the Cigna-Express Scripts deal citing the crossover was too big.

  • Cigna's plan to buy pharmacy benefit manager Express Scripts for around $52 billion has received a big endorsement a few days after activist investor Carl Icahn urged shareholders to reject it. Icahn had warned shareholders in an open letter that Cigna Corp. was paying too much for a company with a shaky future. Pharmacy benefit managers like Express Scripts...

  • Loeb's Third Point hedge fund and Strawbridge together own a 8.42 percent stake in the 150- year-old company, with Third Point holding 5.65 percent, according to the filing with the U.S. Securities and Exchange Commission. Third Point said it believed a strategic review underway at Campbell would create "significant value" for shareholders if conducted...

  • Aug 9- Billionaire investor Daniel Loeb's hedge fund Third Point LLC disclosed on Thursday it has partnered with fellow Campbell Soup Co shareholder George Strawbridge to call for a sale of the iconic U.S. food company best known for its canned soups. The descendants of former Campbell Soup Chairman John Dorrance collectively own about 41 percent of the...

  • Larry Robbins during an interview at the 23rd Annual Sohn Investment Conference in New York City on April 23, 2018.

    Glenview Capital's Larry Robbins is defending Cigna's deal to acquire Express Scripts.

  • Elon Musk

    Jim Cramer explains why Tesla's short-sellers might be up against "the greatest short-buster in modern memory" in Elon Musk.

  • David Cordani, president and CEO of CIGNA Corp., appears on CNBC at the New York Stock Exchange, in New York, March 8, 2018.

    Icahn's searing letter opposing Cigna's $54 billion acquisition of pharmacy benefit manager Express Scripts says the "folly ... may well become one of the worst blunders in corporate history."

  • Cigna CEO David Cordani defends Express Scripts deal

    David Cordani, Cigna CEO, discusses the company's deal for Express Scripts and investor Carl Icahn's open letter to shareholders against it.

  • Pedestrians walk passed signage at Cigna headquarters in Bloomfield, Connecticut.

    Cigna defended the deal, saying it would "create tremendous value for shareholders, accelerate the transformation of healthcare and address the dynamic regulatory environment for health services."

  • Seemingly an uphill battle for Icahn with Cigna-Express Scripts, says David Faber

    The "Squawk on the Street" news team discusses Carl Icahn's letter to Cigna shareholders about the company's plan to acquire Express Scripts.

  • Aug 7- U.S. stock indexes were set to open higher on Tuesday as energy shares gained on the back of higher oil prices. Crude oil rose more than 1 percent on expectations of tighter global supplies as the United States reimposed some sanctions on major exporter Iran. Technology shares were among the most traded as a rebound in the Shanghai stock market helped drive...