Carl Icahn vs Illumina: Danger Ahead

Carl Icahn vs Illumina - it's turned into a urination contest as Illumina decides to go head first against Wall Street's most notable activist investor, Carl Icahn. The Illumina GRAIL merger might be one of the most obvious missteps we've ever seen during our decades long journey through tech investing. Going against regulators in multiple jurisdictions despite their warnings is impudent and just plain irresponsible. Illumina's new CEO seems more focused on rubbish like DEI and ESG instead of focusing on bringing new products to market through smart R&D spending (Illumina's R&D spending is increasing while innovation is decreasing). We look at Carl Icahn's plan for Illumina and the long list of criticisms he's leveled at a management team that largely seems stubborn and incompetent.
RESEARCH PIECES USED IN THIS VIDEO:
1. Illumina Stock Falls on GRAIL Acquisition Fail
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2. What’s Up With Illumina’s Acquisition of GRAIL?
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3. Why is Illumina’s Stock Price Falling?
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CHAPTERS:
Intro
Corporate raiders turned activists
Carl Icahn's reputation
The Illuimna GRAIL merger mess
Illumina's new CEO
Increasing R&D, decreasing innovation
Carl Icahn's master plan
Making the regulators mad
Illumina's response to Icahn
Some questions for Illumina
The big day - May 25th 2023
Conclusion
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