Corporate-raider turned activist Carl Icahn was named special adviser to President-elect Trump on overhauling federal regulations. He relinquished the role after questions over whether he improperly benefited from energy policies he recommended.
The billionaire investor has had a long history on Wall Street before heading into Washington. Icahn started on Wall Street in 1961 as a stockbroker, Founded Icahn & Co. in 1968. Icahn developed reputation as a "corporate raider" after his hostile takeover of TWA in 1985. Michael Douglas profiled Icahn for his role as Gordon Gekko in the movie "Wall Street".
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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