The Latest Breaking News from Nelson Peltz

The Walt Disney Co. has come out swinging against activist shareholder Nelson Peltz's campaign to join the company's board of directors, saying the billionaire lacks a basic understanding of Disney's business and has offered no strategic ideas.

The father-of-three, who is worth $1.4billion (£1.1billion), accused the company of "poor governance" and said it gives "over the top" compensation packages.

The Dow Jones rallied amid inflation data. Tesla stock rose despite Chinese fears over an Elon Musk project. AMC stock gained as APE soared.

Disney stock rose Thursday after appointing Nike's chairman to lead its board. But a proxy battle with activist investor Nelson Peltz looms.

Corporate drama pits chief executive Bob Iger against the veteran activist

"My goal is to work collaboratively with Bob Iger and other directors to take decisive action that will result in improved operations and financial performance," said billionaire investor Nelson Peltz.

Stock futures slip ahead of key inflation data; core prices in focus as December CPI may show headline decline; Disney shares jump as Nelson Peltz pushes for board seat; TSMC higher on record Q4 profits, muted chip sector forecast and KB Home shares slide after Q4 profit miss, uncertain 2023…

The company reiterates its two-year mandate for recently returned CEO as it faces proxy fight with activist investor Nelson Peltz.

Selena Gomez took to Instagram to ask users if they could tell she was back on the platform following a short break away from social media