that activist investor Nelson Peltz's Trian Fund Management has hiked its stake and could seek multiple board seats, including for himself. Trian's stake is now worth north of $2.5 billion after adding over 30 million shares from just 6.4 million at the end of June, the Journal reported. Trian declined to comment.— The music streaming platform fell 2% after Redburn Atlantic downgraded shares to neutral from buy.
The Wall Street firm said the software stock is at an attractive entry point after its recent pullback.— Energy stocks popped as oil prices rallied following the Hamas attack on Israel over the weekend. Exxon and Chevron were up more than 2%, and Occidental gained more than 3%.on Sunday that it will acquire Mirati for $58 per share in cash, for a total equity value of $4.8 billion.
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