1. Bill Ackman Defends his Big Money-Losing Bet in Valeant

    Bill Ackman Defends his Big Money-Losing Bet in Valeant

    Billionaire activist investor Bill Ackman, founder of Pershing Square Capital, is hosting a conference call for investors to discuss his fund's large investment in Valeant Pharmaceuticals. Ackman began the call by saying that they've had more participants than expected. He said the reason they're holding the call is for transparency. He then went into a broad overview of the company and its ...

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