Closing Bell: PepsiCo Jumps, Kraft Heinz Slides Amid Split, Nvidia Falls
On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Eric Balchunas, Katie Griefeld, Carol Massar and Tim Stenovec Activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo (PEP) with plans to call for changes at the struggling beverage maker. The position makes it one of PepsiCo’s largest investors, the activist said Tuesday in a letter to the company board of directors. PepsiCo said will review Elliott’s perspectives in the…
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