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Losing Fight With Disney Nets Nelson Peltz A $300M Payday, But Experts Say It Was ‘A Grand Waste Of Time’

The Wall Street Journal reported that Nelson Peltz's hedge fund made a $300 million profit from a 16-month proxy battle with Disney, but Peltz did not win the two board seats he aimed for. The outcome has been viewed positively by Peltz, but others question the value of his activism. Elon Musk has expressed support for Peltz to be on Disney's board, possibly influencing the stock price. As of April 4, 2024, Disney's stock closed at 117.09, down 2.0%.

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Dow Jumps Over 100 Points; US Jobless Claims Increase To 221,000

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Thursday. Following the market opening Thursday, the Dow traded up 0.34% to 39,259.15 while the NASDAQ rose 0.85% to 16,411.43. The S&P 500 also rose, gaining, 0.67% to 5,246.15.

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