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The raider-turned-activist accumulated 2.3 million shares in the nutritional supplements company, calls Ackman's comments 'amazing' and 'unsubstantiated.'
Herbalife (HLF) stock was trading higher in Friday's extended session after Carl Icahn said he purchased another 2.3 million shares of the company.
The Federal Reserve's second rate hike since the Great Recession could come as soon as next month.
Stocks remain in the red on Friday after Federal Reserve vice chairman Stanley Fischer raises the possibility of a September hike.