Nelson Peltz, co-founder of the activist hedge fund Trian Fund Management, has increased his firm's stake in The Walt Disney Company and plans to seek board seats, a source familiar with his plans told Axios.
Why it matters: It's the second proxy fight Peltz has waged with Disney in the past 12 months, and it adds pressure as Disney assesses major strategic changes.
Claudia Goldin, a Harvard economics professor whose work focuses on women in the workforce and the gender pay gap, was awarded the Nobel Prize in economics on Monday.
Why it matters: Goldin "advanced our understanding of women's labour market outcomes," the Royal Swedish Academy of Sciences said in its announcement of the prize. She is the first woman to win the prestigious award solo, and the thirdwoman overall to receive the honor.
Split-screen crises on Capitol Hill and Wall Street are threatening to create more financial pain for a rising number of Americans.
Why it matters: Washington's feuding — combined with inflation — is making it costlier for the government to borrow. That will trickle down to cash-strapped consumers in ways both obvious and invisible.
Some 4,000 United Auto Workers members at the Volvo Group-owned Mack Trucks rejected a tentative contract agreement and voted to go on strike, the UAW announced Sunday night.
The big picture: The union said in a statement that workers plan to strike from 7am Monday after 73% of UAW members voted against Mack Trucks' proposed deal, which the company said included a 20% increase to general wages over five years.
The largest Powerball jackpot of the year grew again after no one matched all of the numbers in Saturday night's drawing.
Driving the news: The jackpot for Monday’s drawing is an estimated $1.55 billion — with a cash value of $679.8 million — the nation's fourth-largest lottery prize ever.
