Activist investor Elliott Investment Management has taken a roughly $4 billion stake in PepsiCo Inc ( PEP ) , making it one of the company’s top five active shareholders. Elliott is pressuring the beverage and snack giant to pursue strategic changes as its market value has slid more than 25% since peaking at $270 billion in May 2023. The company’s...

09:29 AM EDT, 09/02/2025 (MT Newswires) -- umitomo Corporation, SMBC Aviation Capital, Apollo managed funds and Brookfield announced Tuesday that they have reached a definitive agreement to acquire Air Lease Corporation, ab aircraft lessor with a portfolio primarily comprised of new technology aircraft. Upon closing, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and Brookfield...

Sept 2 (Reuters) - Blockchain lender Figure Technologies and its selling shareholders aim to raise up to $526.32 million in a U.S. initial public offering, the company said Tuesday, as market optimism drives a wave of new listings. The company plans to sell 21.46 million shares, while the selling shareholders will offer 4.85 million shares, at an indicative price range...

09:29 AM EDT, 09/02/2025 (MT Newswires) -- Medtronic ( MDT ) said Tuesday it was granted clearances by the US Food and Drug Administration related to its MiniMed 780G automated insulin delivery system for people with diabetes. The company said it received clearance for its SmartGuard algorithm as an interoperable automated glycemic controller enabling integration with the Abbott Laboratories (...