1. Billionaire Wharton Dropout Peltz Warns Big Tech Dominance Over

    Billionaire Wharton Dropout Peltz Warns Big Tech Dominance Over

    (Bloomberg) -- The era of a few giant tech firms controlling stock market gains is quickly coming to an end, according to activist investor Nelson Peltz. The founding partner of Trian Fund Management — which has taken stakes in companies including Kraft Heinz Co. and Procter & Gamble Co. — said a US recession is likely, but high-quality businesses with strong cash flows will emerge more valuable after years of taking a back seat to high-flying growth stocks...

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