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IEP has been in the news 326% more than usual

Aug 28, 2024, 2:31 AM
-3.90%
What does IEP do
Icahn Enterprises LP, headquartered in Sunny Isles Beach, Florida, operates across multiple segments, including Energy, Automotive, Real Estate, Pharma, and Home Fashion, employing 15,038 full-time staff. Its subsidiaries include CVR Energy, Vivus LLC, and WestPoint Home LLC.
IEP has been in the news recently: Icahn Enterprises plans to raise up to $400 million by selling units to fund acquisitions, leading to a 7.5% drop in its shares and ongoing concerns about shareholder dilution. PDD Holdings' shares fell nearly 30% after reporting revenue that missed estimates, underscoring increasing competition in the market.
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