Some of the biggest names in activist investing, corporate America and government took the stage at The Deal's annual corporate governance conference in New York City on Thursday, and it was a rollicking affair.
Among the highlights were Paul Singer, the founder of $34 billion activist firm Elliott Management, saying he thinks activist investors aren't mean, just misunderstood; Makan Delrahim, the head of the DOJ Antitrust Division, defending his agency's record and saying that its "priorities have not changed;" and Trian Fund's Nelson Peltz suggesting a break-up of Procter and Gamble (PG) - Get Report was possible, albeit while expressing his hope that it wouldn't have to be. Shares of P&G rose 2% on the news. Check out some of the coverage of the conference below.
Markets today: Stocks were mixed on Thursday as concerns mounted over the possibility of a major rift on trade and tariffs when G-7 leaders meet later this week in Quebec City. The Dow Jones Industrial Average rose 95 points, or 0.4%, to 25,241, but the Nasdaq fell 0.7% to 7,635 after posting record highs the previous three days in a row. The S&P 500 dipped 0.1% to 2,770, falling for the first time in five trading sessions.
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Photo of the day: Qualcomm's CEO takes questions
Qualcomm (QCOM) - Get Report CEO Steve Mollenkopf was interviewed by TheStreet's founder Jim Cramer on Thursday and addressed a host of hot topics, from the just-announced news that the U.S. government was moving to end sanctions against China's ZTE Corp., to Qualcomm's ongoing licensing dispute with Apple (AAPL) - Get Report . Mollenkopf also discussed the U.S. government's move to block Broadcom's (AVGO) - Get Report hostile takeover bid for his company. Read More
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