Tag: ELON MUSK
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Edinburgh Worldwide Trust Opposes Saba Capital’s Influence Over Management
The Edinburgh Worldwide Investment Trust’s board has strengthened its opposition to Saba Capital Management’s attempt to gain control by installing new board members. Saba has acquired substantial stakes in multiple investment trusts, aiming to replace existing fund managers. Chairman Jonathan Simpson-Dent firmly believes in preserving the trust’s strategic advantages for shareholders. The board of the…
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Trump Allies’ Stocks Surge Significantly Post-Election
Following the recent election, stocks linked to Donald Trump and his allies have experienced substantial increases, with Tesla shares rising nearly 40%. Companies such as Apollo Global Management and GEO Group also saw significant surges. Experts attribute these gains to investor expectations of pro-business policies under Trump’s administration, though some ties to Trump-related businesses have…