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☆ Bill Ackman wants you to know exactly why he's been stirring the anti-vaccine pot all weekend
▼ + stars: | 2023-06-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +5 min

He's offering to fork out $150,000 for scientist Peter Hotez to debate Robert F. Kennedy Jr. on the topic of vaccines. "This is a debate that you cannot walk away from," Ackman tweeted at Hotez. Billionaire investor Bill Ackman, who's spent a good chunk of the weekend putting his weight — and his money — behind the prospect of a Joe Rogan-hosted vaccine debate, wants you to know he's not an anti-vaxxer or an advocate for conspiracy theories. "If you are truly interested in saving lives, you need to further the public's understanding of the truth about vaccines," Ackman added. Every day we wait, thousands more will die," Ackman tweeted at the time.

Persons: Bill Ackman, Peter Hotez, Robert F, Kennedy Jr, Ackman, who's, Joe Rogan, Rogan, Kennedy, Elon Musk, Musk, Rogan —, Hotez, dogpiling, snowballing — Ackman Organizations: Morning, Pershing, Twitter, MSNBC, Ackman

☆ Bill Ackman offered to donate $150,000 if a doctor debated Robert F. Kennedy Jr. about vaccines on Joe Rogan's podcast
▼ + stars: | 2023-06-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Bill Ackman offered to donate $150,000 if a doctor debated vaccines on Joe Rogan's podcast. Dr Peter Hotez criticized Rogan for hosting Robert F. Kennedy Jr. on his podcast. Bill Ackman has waded into a vaccine misinformation debate, offering $150,000 to charity if a doctor agrees to debate Robert F. Kennedy Jr. on Joe Rogan's podcast. Rogan responded to Hotez's criticism by pledging $100,000 to charity if he came on the podcast to debate Kennedy. Rogan signed a $200 million deal with Spotify to bring his hugely popular podcast exclusively to the streaming platform in 2020.

Persons: Bill Ackman, Joe Rogan's, Peter Hotez, Rogan, Robert F, Kennedy Jr, Elon Musk, Dr Peter Hotez, Joe Rogan, Kennedy, Hotez, lockdowns, Ackman, goad, Musk, It's, Neil Young Organizations: Morning, Pershing, Capital Management, Baylor College of Medicine, National, Tropical Medicine, Spotify Locations: Nazi Germany, Houston

☆ Why Hong Kong can’t cut loose from the US dollar just yet
▼ + stars: | 2023-06-13 | by ( Laura He | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The steep fall is a sign that investors are ditching the Hong Kong dollar. The Hong Kong Monetary Authority (HKMA) is committed to keeping the Hong Kong dollar between 7.75 and 7.85 per greenback. People walk past the Hong Kong Monetary Authority (HKMA) on May 4, 2023, in Hong Kong, China. “Pegging the Hong Kong dollar to the US dollar encourages such transactions to be carried out in Hong Kong and under Hong Kong law, even if neither party is based in Hong Kong.”This helps to create jobs and prosperity in Hong Kong, while also benefiting mainland China.

Persons: Hong, hasn’t, Andy Xie, ” Logan Wright, Bill Ackman’s, Ackman, Wright, Peter Parks, Kong, Deng Xiaoping, Margaret Thatcher, outflows, Chi Lo, Chen Yongnuo, Hong Kong’s, ”, Richard Cookson ,, Boaz Weinstein, Daniel Fung, Rhodium’s Wright, Xie, Eddie Yue, Banks, John Greenwood, “, Greenwood, ” Greenwood Organizations: Hong Kong CNN, British, Hong, Traders, Hong Kong, Bill Ackman’s Pershing, Capital Management, Getty, Lehman Brothers, Hong Kong Monetary Authority, US Federal Reserve, Asia Pacific, BNP, Asset Management, Fed, China News Service, Rubicon Fund Management, Bloomberg, Saba Capital Management, National Security Law, CNN Locations: Hong Kong, United States, China, Hong, Beijing, AFP, Britain, “, ”, Riding

☆ JPMorgan CEO Jamie Dimon is eyeing another career after banking — he's considering getting into politics next
▼ + stars: | 2023-06-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

JPMorgan CEO Jamie Dimon told Bloomberg TV he has considered going into politics. Billionaire investor Bill Ackman urged Dimon to run for president in a tweet and gave him a glowing testimony. But Dimon said last week that he intends to run JPMorgan for another three-and-a-half years. JPMorgan CEO Jamie Dimon has hinted that he may be getting into politics after retiring from his banking career. Jamie Dimon is that leader," the CEO of hedge fund Pershing Square tweeted.

Persons: Jamie Dimon, Bill Ackman, Dimon, it's, Ackman, I'm Organizations: Bloomberg, JPMorgan, Morning, Wednesday, Reuters, US

☆ Bill Ackman calls on JPMorgan CEO Dimon to run for US president
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

May 31 (Reuters) - Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co (JPM.N) CEO expressed his interest in pursuing a public office. loadingAckman called Dimon an "exemplary leader" and lauded him for having "superbly managed" JPMorgan through every crisis. There have been speculations about Dimon's potential presidential run in the future. "If he decides to get out of banking, I think he would be really good in politics," former President Bill Clinton once said of Dimon. In the 2016 presidential election, Ackman had urged former New York City Mayor and billionaire Michael Bloomberg to run for president.

Persons: Bill Ackman, Jamie Dimon, Dimon, Ackman, Donald Trump, Bill Clinton, Michael Bloomberg, Niket, Bayliss, Jaiveer, Anil D'Silva Organizations: Billionaire, JPMorgan Chase &, Bloomberg, JPMorgan, Trump, Pershing, Capital Management, Street, New, New York City, Svea Herbst, Thomson Locations: China, United States, New York, Bengaluru, Svea

☆ Here are big Wall Street investors' favorite A.I. bets, other than Nvidia
▼ + stars: | 2023-05-25 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

But it's not just Nvidia the smart money is betting on to power AI growth. Dan Loeb's Third Point also purchased Alphabet in the first quarter, making it the fund's fifth-biggest holding. Shares of Alphabet have rallied almost 40% this year as investors grew optimistic about the company's AI capabilities. AI software Druckenmiller revealed recently his Microsoft stake was also a bet on AI. Another AI software maker, Palantir, lately attracted buying from Ark Invest's Cathie Wood.

Persons: it's, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's, Philippe Laffont’s Coatue, Stephen Mandel’s, Druckenmiller, David Tepper, Daniel Sundheim, Meta, Laffont’s Coatue, —, Samantha Subin Organizations: Nvidia, Wall Street's, Billionaire, Duquesne, Office, Google, Bill Ackman's Pershing, Capital Management, Taiwan Semiconductor, Tiger Global Management, Coatue Management, Devices, Stephen Mandel’s Lone Pine Capital, Microsoft, Meta Locations: Wall

☆ Hedge funds piled into these A.I. stocks during the first quarter
▼ + stars: | 2023-05-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Securities filings released this week signaled that many hedge funds also appear to be catching the AI bug. Betting on AI heavyweights Alphabet popped up as one of the most common AI plays among big investors in the first quarter. Microsoft bet billions on AI capabilities, funneling another multibillion-dollar investment in January into ChatGPT maker OpenAI. Beyond Alphabet and Microsoft Outside heavyweight giants Alphabet and Microsoft, many hedge funds beefed up other AI-related holdings in the first quarter. His Nvidia bet equaled roughly $1.4 billion at the end of March.

☆ Stocks making the biggest moves midday: Horizon Therapeutics, Capital One, RH, Home Depot and more
▼ + stars: | 2023-05-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Western Alliance Bancorp — Western Alliance shares jumped 3.6% after Bank of America reinstated coverage on the stock with a buy rating. Home Depot , Lowe's — Shares of home improvement retailers Home Depot and Lowe's lost 1.4% and 1% in midday trading Tuesday. On Monday, Daniel Welch, a director at Seagen, disclosed the sale of 1,864 shares, a stake worth more than $370,000. GE HealthCare — The medtech company's shares gained nearly 3% after Oppenheimer initiated coverage with an outperform rating on Monday. GE HealthCare separated from parent company General Electric earlier in 2023 and began publicly trading on the Nasdaq Jan. 4.

☆ How Wall Street pros traded 7 of our Club stocks, including Salesforce, in the first quarter
▼ + stars: | 2023-05-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Lots of Club holdings, including Nvidia (NVDA) and Alphabet (GOOGL), were among the stocks traded by some of Wall Street's biggest investors and money managers in the first quarter. That firm, Jeffrey Ubben's Inclusive Capital, had owned 1.63 million Salesforce shares at the end of December, worth nearly $217 million at the time. Jeff Smith's Starboard Value also sold some Salesforce shares in Q1, leaving the firm with 2.5 million shares at the end of March. Mason Morfit's ValueAct Capital amplified its Salesforce stake in the first quarter, ending with 3.5 million shares, up from just 560,221 shares at the end of 2022. Loeb's Third Point amassed 4.75 million shares of Alphabet, worth $492.7 million at the end of the first quarter.

☆ Dan Loeb's Third Point takes a stake in Alphabet, making it one of his biggest bets
▼ + stars: | 2023-05-16 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Dan Loeb's Third Point built a sizable stake in Google parent Alphabet in the first quarter, according to a new regulatory filing. The hedge fund added a position in Alphabet worth nearly $500 million at the end of March, making it the fund's fifth biggest holding, the SEC filing showed. Shares of Alphabet rallied almost 12% this month alone, pushing its 2023 gain near 36%. Third Point kept its biggest holdings — PG & E , Colgate-Palmolive , Danaher and Bath & Body Works — relatively unchanged last quarter. In other bets, Loeb added a new stake in Salesforce , worth $160 million at the end of March.

☆ Jim Cramer's top things to watch in the stock market Tuesday
▼ + stars: | 2023-05-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Ackman's Pershing Square reveals new $1 billion bet on Alphabet
▼ + stars: | 2023-05-15 | by ( Samantha Subin | ) www.cnbc.com time to read: 1 min

Bill Ackman's Pershing Square Capital Management opened a new position in Alphabet totaling nearly $1.1 billion during the first quarter, according to securities filings released Monday. The hedge fund bought more than 10 million shares — about 2.2 million class A and 8.1 million class C — of the Google search engine parent as the company benefited from artificial intelligence tailwinds and investors deeming tech giants as defensive stalwarts. Alphabet shares have gained 32% year-to-date. Elsewhere, Ackman trimmed his positions in Lowe's Companies , Hilton Worldwide and Chipotle Mexican Grill . The hedge fund maintained its stake in Restaurant Brands International and made only a nominal change in Canadian Pacific .

☆ Pershing Square unveils new stake in Alphabet
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: 1 min

May 15 (Reuters) - Billionaire investor William Ackman has built a new stake in Alphabet (GOOGL.O) worth $1.1 billion, according to a regulatory filing on Monday. According to the filing, Ackman's hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end of the first quarter. Reporting by Pushkala Aripaka in Bangalore Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ There are limited options to fix the banking crisis, but one is gaining support
▼ + stars: | 2023-05-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Ackman didn't provide specifics on how he thinks a deposit guarantee program would work, but he said one is essential to restore investor confidence in regional banks. That has put pressure on midsize banks, and the S & P Regional Bank ETF has fallen 40% year to date. Short sellers have ganged up on some regional banks on the prospect that even those that are rescued or merged will see stock holders wiped out. "Renewed stress among regional bank stocks after market close may cause [Washington, D.C.] to reconsider priorities," Mayo said in a client note. "Unfortunately, there is a significant disconnect between the renewed pressure on regional banks and DC's posture," Mills said in a note.

☆ Short investor Hindenburg erases fifth of Icahn empire’s value
▼ + stars: | 2023-05-02 | by ( ) edition.cnn.com time to read: +4 min

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn’s net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund’s performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP’s stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any US large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn's net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund's performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP's stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any U.S. large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.

☆ Hong Kong’s dollar stress gets more fundamental
▼ + stars: | 2023-04-24 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, April 24 (Reuters Breakingviews) - Hong Kong’s currency peg to the greenback is stuck between a rock and a hard place. In the past 12 months, the de-facto central bank has stepped in to buy Hong Kong dollars from the market roughly 40 times. Some foreign financiers, including Pershing Square boss Bill Ackman, argue Hong Kong’s financial system can’t sustain the peg and question its rationale. But in the long run, demand for Hong Kong dollars depends on confidence in its economic strategy. Hong Kong’s peg is durable enough for now, but its future is in doubt nevertheless.

☆ Bill Ackman warns pausing AI development will help the 'bad guys' after Elon Musk and others call for 6-month halt
▼ + stars: | 2023-03-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

That would give America's adversaries more time to catch up, the Pershing Square CEO tweeted. Earlier, Elon Musk and others called for a six-month halt on AI development. Apparently in response to an open letter that calls for a six-month break in AI development, the Pershing Square CEO tweeted that this would be detrimental to national security. "Shutting down AI development for six months gives the bad guys six more months to catch up," he wrote. "In a sane world, we would slow development until we could be assured that AI is aligned with humankind," he tweeted.

☆ Corporate agitator Ackman tells US to raise FDIC insurance limit to shore up confidence
▼ + stars: | 2023-03-29 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

NEW YORK, March 29 (Reuters) - Billionaire investor William Ackman who spent years telling corporations how to perform better is now taking on the U.S. government by calling for higher insurance limits to safeguard the banking system at the height of a banking crisis. Ackman, who runs hedge fund Pershing Square Capital Management, sent a letter to his investors saying the FDIC should raise its $250,000 per account limit days after U.S. regulators took over Silicon Valley Bank and Signature Bank, triggering a crisis in U.S. regional banks. In his annual letter to shareholders he amplified a message he has been blasting for days on Twitter. "Banking is a confidence sensitive business," and regulators' conflicting public statements have "reduced investor, business, and consumer confidence in our banking system" he wrote. Ackman's investment firm's Pershing Square Holdings portfolio has returned 25.1% per year over the last five years, handily beating its broader stock market index which gained 9.4% a year during the same time.

☆ Bill Ackman warns the US economy is heading for a 'train wreck' as the Fed hikes interest rates again
▼ + stars: | 2023-03-23 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Bill Ackman highlighted risks to the economy and smaller banks as interest rates keep rising even with a banking crisis. The billionaire investor warned the US economy is heading for a "train wreck" as the Fed raises rates again. Ackman also slammed Treasury Secretary Janet Yellen for walking back on plans to support depositors. I fear we are heading for another a train wreck. "The longer the uncertainty continues, the more permanent the damage is to the smaller banks, and the more difficult it will be to bring their customers back," Ackman said.

☆ Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'
▼ + stars: | 2023-03-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Bill Ackman said a plan to deposit $30 billion into First Republic Bank creates a "false sense of confidence." "Spreading the risk of financial contagion to achieve a false sense of confidence in FRB is bad policy," he said. The collapse of Silicon Valley Bank and Signature Bank, New York has rattled the banking sector, sparking fears of a contagion that could lead to the next global financial crisis. First Republic has been assuring customers of its liquidity since the implosion of Silicon Valley Bank — which in turn triggered concerns about the financial health of regional banks. First Republic Bank's shares closed 10% higher at $34.27 apiece on Thursday and were 6% lower in pre-market trade at 5.41 a.m. on Friday.

☆ Why Bill Ackman fears Wall Street's $30 billion rescue of First Republic could have catastrophic fallout
▼ + stars: | 2023-03-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Bill Ackman is sounding the alarm on Wall Street's $30 billion show of faith in First Republic. The billionaire investor fears the move has put other banks at risk and could endanger the economy. Here's why he's worried and wants a temporary blanket guarantee on bank deposits. JPMorgan, Bank of America, and nine other banks said on Thursday that they would make uninsured deposits totaling $30 billion in First Republic Bank (FRB) for at least 120 days. "Three dominoes have fallen and another is on its way," Ackman said in an earlier tweet, referring to Silicon Valley Bank, Signature Bank, and Silvergate.

☆ Bill Ackman says U.S. did the 'right thing' in protecting SVB depositors. Not everyone agrees
▼ + stars: | 2023-03-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Billionaire investor Bill Ackman said the U.S. government's action to protect depositors after the implosion of Silicon Valley Bank is "not a bailout" and helps restore confidence in the banking system. In his latest tweet on SVB's collapse, the hedge fund investor said the U.S. government did the "right thing." "Importantly, our gov't has sent a message that depositors can trust the banking system." Ackman's comments came after banking regulators announced plans over the weekend to backstop depositors with money at Silicon Valley Bank, which was shut down on Friday after a bank run. He explained in another tweet: "The bailout means depositors will put their money in the riskiest banks and get paid higher interest, as there's no downside risk."

☆ Billionaire investor Bill Ackman says SVB was not a bailout: 'The people who screwed up will bear the consequences'
▼ + stars: | 2023-03-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

US regulators are guaranteeing depositors' funds after the Silicon Valley Bank and Signature Bank collapsed. But this isn't "a bailout in any form," said billionaire investor Bill Ackman. The US government is protecting depositors and not the management or shareholders, he said. In his tweet, Ackman even applauded US authorities' intervention, saying the government "did the right thing for the country" by protecting depositors. The legendary investor has been quite vocal about the wild ride in the US banking industry amid the collapse of Silicon Valley Bank and Signature Bank.

☆ Billionaire investor Bill Ackman says feds 'screwed up' handling of Silicon Valley Bank collapse, warns they have '48 hours to fix a soon-to-be-irreversible mistake'
▼ + stars: | 2023-03-11 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Billionaire investor Bill Ackman posted a lengthy tweet about the Silicon Valley Bank collapse Saturday. Ackman criticized the response of the federal government and its lack of monitoring SVB for risk. He said the government has "about 48 hours to fix a-soon-to-be-irreversible mistake" with its handling of SVB. "The gov't has about 48 hours to fix a-soon-to-be-irreversible mistake," Ackman tweeted in a lengthy post Saturday morning. In Ackman's view, this could lead to the collapse of several other smaller banks around the country.

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