Bill Ackman sees investors repeating a mistake of 2000: Flocking to the ‘new new’ and ignoring quality names

Billionaire hedge-fund manager Bill Ackman says investors are ignoring Microsoft and other Big Tech names for the sake of the “new new thing,” like chip stocks.

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MarketWatch

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Private-equity firm 3i buys majority stake in Laboratoire Nutergia

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MarketWatch

Tom Steyer spent $216 million of his own money to run for governor of California — here’s where that ranks

The latest big-spending and self-funding politician is Tom Steyer, a Democratic candidate for California governor who looks on track to be eliminated from the race.

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Bloomberg Markets

Bill Ackman’s Pershing Square Set to Exit Universal Music Stake

Bill Ackman is looking to sell his stake in Universal Music Group NV just days after the Amsterdam-listed group rejected a takeover bid by the hedge fund billionaire.

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MarketWatch

Marvell’s stock is on a run not seen in a quarter-century as the tech company grows in stature

Marvell now ranks No. 22 in the Nasdaq-100 with a $269 billion market capitalization that’s higher than those of PepsiCo and T-Mobile.

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Marvell’s stock is on a run not seen in a quarter-century as the tech company grows in stature