Musk Supports Activist Investor's Bid for Disney Board Seat As Company Fends Off Takeover Attempt
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Elon Musk says activist investor Nelson Peltz would improve Disney and its share price if he joined the board. Musk says he would "definitely" buy Disney shares if Peltz is elected.
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Virgin Atlantic narrowed its losses in 2023 to £139 million, down from £206 million the previous year. It expects to return to profitability in 2024.
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Ryanair carried 1 million more passengers in March 2024 vs March 2023, an 8% increase to 13.6 million. But it cancelled almost 950 flights due to the conflict in Israel and Gaza.
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A major earthquake hit Taiwan, causing deaths and disrupting production at chip factories. Shares dropped for chipmakers Taiwan Semiconductor Manufacturing Co and Foxconn.
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Disney has reportedly fended off billionaire activist investor Nelson Peltz’s bid to gain board seats, a big win for CEO Bob Iger.