JBLU, SHOP, BIIB and more
Check out the companies making headlines in midday trading. WK Kellogg — The cereal company’s shares surged 8.1% after posting a beat on both top and bottom lines in the…
Illumina to divest cancer test maker Grail
Illumina said on Sunday that it would divest cancer diagnostic test maker Grail after the companies battled both US and European antitrust enforcers for more than two years and faced…
SEC investigating Illumina over Grail acquisition
A building on the campus at the world headquarters of Illumina is shown in San Diego, California, September 1, 2021. Mike Blake | Reuters The Securities and Exchange Commission is…
Illumina installs Carl Icahn board nominee, ousts chair
Rafael Henrique | Lightrocket | Getty Images Activist investor Carl Icahn on Thursday won enough support from Illumina shareholders to install one of his three nominees to the biotech company’s…
Bill Ackman reignites feud with nemesis Carl Icahn after Hindenburg report
Bill Ackman twisted the knife into old rival Carl Icahn on Wednesday with a broadside attack that questioned the valuation of the famed activist investor’s flagship firm, whose company has…
Carl Icahn slams Illumina Q1 results and cost-cutting plan
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn on Friday called Illumina’s first-quarter results “very disappointing” and slammed…
Illumina plans cost cuts as it faces shrinking margins
A building on the campus at the world headquarters of Illumina is shown in San Diego, California, September 1, 2021. Mike Blake | Reuters Illumina on Tuesday unveiled plans to…
Illumina appeal of FTC Grail order is ‘an almost impossible battle’
Carl Icahn, chairman of Icahn Enterprises Holdings Scott Eelis | Bloomberg | Getty Images Carl Icahn on Wednesday said Illumina’s efforts to appeal a Federal Trade Commission order to divest…
Carl Icahn blasts Illumina CEO’s pay raise
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn blasted Illumina for nearly doubling its CEO’s pay last year…
Illumina urges shareholders to reject Carl Icahn’s board nominees
Rafael Henrique | Lightrocket | Getty Images Illumina on Thursday urged shareholders to reject Carl Icahn’s three board nominees at this year’s annual meeting, saying they would “threaten the progress”…