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BREAKINGElliott Takes $4B Stake in PepsiCo, Urges Turnaround Moves
Activist investor Elliott Investment Management took a roughly $4 billion stake in PepsiCo and is urging the company to consider refranchising its bottling operations and other moves to boost profitability. The news sent PepsiCo shares higher.
BREAKING
BREAKINGUK Gilt Yields Hit 27-Year High as Pound Slumps amid Global Bond Sell-Off
UK long-dated borrowing costs spiked to their highest since 1998, pushing the pound lower as investors demanded higher compensation to hold government debt. The move reverberated across global markets.
BREAKING