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What you need to know on Wall Street today
Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
Billionaire Warren Buffett says he drinks five Cokes a day.
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Third Point, a $18 billion activist hedge fund founded by billionaire Dan Loeb, has taken a massive stake in Nestlé.
While Third Point owns only about 1.4% of the Swiss company – Third Point's 40 million shares are worth more than $3.5 billion – it's one of the biggest activist plays ever. Here's what you need to know.
Warren Buffett's Berkshire Hathaway just made a bet on real estate investment trust Store Capital. And
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Elsewhere in deal news, hopes are fading that a bidder will battle Amazon for Whole Foods, and a Chinese logistics company backed by Alibaba filed for a US IPO.
And in hedge fund news, his father's legendary fund to start his own venture
crucial stock market indicator just got its most bullish reading on record. There’s a surprising new champion of the stock market. And investors betting trillions on ethically-appealing stocks may not be getting all they expect.
Goldn cryptocurrency news, Ethereum is plunging despite flash-crash victims getting their money back, and bitcoin is dropping.
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An ex-Tesla exec revealed how the company is transforming itself into a data powerhouse. And Avis is soaring after partnering with Google's self-driving car company.
Lastly, go inside the extravagant wedding of Treasury Secretary Steve Mnuchin and 36-year-old actress Louise Linton.
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