Bill Ackman speaks at a Pershing Square Foundation dinner last year in New York. Photo: Jared Siskin/Patrick McMullan via Getty Images
🚗 Bill Ackman's Pershing Square Capital Management disclosed it had acquired about 4.1% of Hertz. The investment sent the beleaguered rental car company's stock soaring. (WSJ)
✈️ United Airlines said bookings are stable so far this quarter despite concerns about the economy stemming from tariffs. (Reuters)
🏍️ One of Harley-Davidson's largest shareholders, H Partners, wants its CEO Jochen Zeitz and two other board members to be ousted immediately. Harley blasted "mischaracterizations, inaccuracies and untruths" from a former board member now with H Partners. (Bloomberg)
🏠 Homebuilder sentiment is mired in the dumps. The NAHB's Housing Market Index ticked up a scant one point to 40 in April from the previous month, but that was before the recent mortgage-rate increase registered. (Any number below 50 indicates negative sentiment.) (Axios)
