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WSJ What’s News

Activist Investors Lay Down Their Arms

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 21 April 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

A.M. Edition for April 21. Planned proxy fights at companies like Disney and Salesforce have fizzled lately, as several big-name activist investors have instead chosen to agree to truces. WSJ reporter Lauren Thomas explains the shift in strategy. Plus, Mark Zuckerberg won’t rule out more Meta layoffs and Credit Suisse investors challenge Switzerland’s $17 billion bond write-down. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Artificial intelligence can create art, write papers, even help predict illness.

0:05.4

What does it mean for the world of tech and you?

0:08.3

Check out Artificial Minded, a new weekly series from the Wall Street Journal's tech news briefing.

0:14.1

New episodes every Monday, all this month.

0:20.8

President Biden prepares to announce his re-election bid.

0:24.4

Plus credit, Swiss investors challenge Switzerland's $17 billion bond write down.

0:29.8

And why activist investors are laying down their arms in the battle for boardroom control.

0:35.5

We're kind of in a position where there's still a lot of volatility out there in the market.

0:39.8

And if you're an activist and also on the company side,

0:43.2

you'd prefer to not spend all this money and have a really nasty fight play out.

0:47.7

It's Friday, April 21st. I'm Luke Vargas with the Wall Street Journal.

0:51.4

And here is the AM edition of What's News, the top headlines and business stories moving your world today.

1:03.1

President Biden is planning to announce his re-election bid in a video announcement

1:07.2

as early as next week, according to people familiar with those plans.

1:12.0

That announcement has been long expected, but AIDS said there had been little urgency to make it official,

1:17.7

given the lack of a serious democratic challenger, and what they see as a chaotic Republican field.

1:24.3

Biden is facing sagging approval ratings and public concern about his age and fitness for office.

1:31.2

Already the oldest president in U.S. history, Biden would be 86 at the end of a second term.

1:38.9

Meanwhile, a new Wall Street Journal poll has found that Donald Trump has gained command over the GOP presidential nominating race

1:46.3

among likely Republican primary voters. Trump trailed Florida Governor Ron DeSantis in a prior poll in December,

1:54.5

but now leads him by 13 percentage points in a hypothetical head-to-head matchup.

2:00.7

Metacere Mark Zuckerberg has told employees that he won't rule out future layoffs after the company announced plans

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