From Yahoo Finance: 2025-05-21 08:44:00

1. Activist investor Gavriel Kahane aims to create value for shareholders in media conglomerate IAC, not challenge Barry Diller. Arkhouse disclosed a significant stake in IAC, estimating it’s worth $72 per share if broken up. Diller returned to lead IAC earlier this year amid efforts to improve performance.

2. IAC’s latest financial results support Arkhouse’s view that the company may be worth more apart than together. Despite a 9% sales drop in the first quarter, adjusted operating profits surged 166%. Diller founded IAC in 1995 and has been actively working to bridge the gap between intrinsic value and share price.

3. Arkhouse, known for shaking up corporate America, previously made headlines with a bid to acquire Macy’s for billions. Despite challenging quarters and tariff concerns, Macy’s market cap stands at $3.3 billion, below Arkhouse’s offer price. Kahane remains a shareholder but did not disclose his current stake size. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points due to concerns over rising inflation and interest rates.

2. In international news, the United Nations reported that over 10 million people in Yemen are in urgent need of humanitarian assistance due to ongoing conflict and food insecurity.

3. A new study published in a leading medical journal reveals that regular exercise can significantly reduce the risk of developing Alzheimer’s disease by up to 50%.

4. The European Union announced plans to implement a digital vaccine passport system to facilitate travel and help prevent the spread of COVID-19 across member countries.

Read more: Why this activist investor wants big changes at billionaire media mogul Barry Diller’s IAC