: Here’s what else besides Disney that hedge fund Third Point loaded up on recently

Activist investor Daniel Loeb’s Third Point LLC has bought new stakes in T-Mobile US Inc. and Colgate Palmolive Co. , and sold off holdings on EV maker Rivian Automotive Inc. and Amazon.com Inc., among other investment decisions, according to a filing late Monday. Third Point earlier Monday disclosed a fresh stake on Walt Disney Co., …

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Elliott Management Has Large Position in Cardinal Health

Activist investor Elliott Management has a large position in Cardinal Health and is seeking a handful of seats on the medical-products distributor’s board, according to people familiar with the matter. Elliott nominated five directors to the 11-person board roughly two weeks ago, before Cardinal abruptly replaced its chief executive last week, the people said. The Wall …

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Coronavirus Update: U.K. regulator first to authorize bivalent Moderna booster

The U.K. regulator has become the first to authorize Moderna’s bivalent COVID vaccine booster for use in adults aged 18 and older. The Medicines and Healthcare products Regulatory Agency gave the nod to the booster, identified as mRNA-1273.214, which targets the original virus strain, as well as the omicron variant. The decision was based on …

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Coronavirus Update: U.K. regulator is first to authorize Moderna’s bivalent COVID booster for adults aged 18 and older

The U.K. regulator has become the first to authorize Moderna’s bivalent COVID vaccine booster for use in adults aged 18 and older. The Medicines and Healthcare products Regulatory Agency gave the nod to the booster, identified as mRNA-1273.214, which targets the original virus strain, as well as the omicron variant. The decision was based on …

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U.S. stocks losing ground Monday as Chinese data stir fear of global slowdown

U.S. stocks bounced back into Monday afternoon as investors looked past soft data out of China that had led to a lower open for all three major indexes. How stocks are trading The Dow Jones Industrial Average DJIA, +0.54% rose 135 points, or 0.4%, to 33,896. The S&P 500 SPX, +0.36% was up 12 points, …

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: Grocery prices in July had largest price increase since 1979 — with one food staple rising by 38% on the year

The rise in the cost of living cooled in July, but not for grocery prices.  The price of food at home rose 1.3% from June to July, marking a 13.1% increase compared to last year. It was the largest price increase for groceries since 1979, according to the U.S. Bureau of Labor Statistics.  The price …

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NerdWallet: It takes a village to save on school supplies—4 more ways to lower costs

It’s that time again: back to school, back to spending so much money on supplies. And this year, families will have to shell out even more than usual because of inflation. Thankfully, you can still save money on supplies and other gear by leaning on local parents, neighbors and community members. Here’s how. Read: ‘I’m thankful for the …

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: American attitudes about whether it’s a good time to buy a home just hit the lowest level in a decade, another sign of the housing market’s slowdown

Both prospective home buyers and sellers are backing off from the U.S. housing market, a new survey shows. Their anxiety over higher mortgage rates and a softening market was registered by the Fannie Mae Home Purchase Sentiment Index FNMA, -0.08%, which dropped by 2 points in July to 62.8. That’s the lowest level since 2011. …

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: A dozen Grade A large eggs cost 38% more than a year ago — due to avian flu, the war in Ukraine, a rise in farming costs, and more.

Why are eggs so expensive now?  Grocery prices continued to soar in July despite slower inflation overall, and eggs were among the foods experiencing the biggest increases. The average price of a dozen large, Grade A eggs was $2.94 in July, up 38% from the same period last year at $1.64, according to the U.S. …

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: Online prices are finally declining after 2 years of increases — but only for these select items

Shopping online is finally getting cheaper after more than two years of steady price increases with the U.S. in the grip of record-high inflation. But the catch is that you have to be shopping for electronics or clothes to see the price cuts. E-commerce entered deflation in July, meaning that prices trended downward for the …

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