Disney (DIS) CEO Bob Iger’s showdown with Nelson Peltz’s Trian Fund Management is in investors sights’ as the company holds its annual shareholder meeting Wednesday; shares of Intel (INTC) are down in premarket trading after the legacy chipmaker disclosed a widening loss in its foundry business; Paramount Global (PARA) shares are rising on a report it is closing on on exclusive takeover talks with Skydance; Cal-Maine Foods shares jumped as strong egg sales boosted earnings; and American Depositary Receipts (ADRs) of Taiwan Semiconductor Manufacturing Co. (TSM) are slipping as evacuated workers return to work after Taiwan’s worst earthquake in 25 years. U.S. stock futures are falling. Here’s what investors need to know today.
Disney (DIS) will hold its annual shareholder meeting on Wednesday, with market participants watching closely for updates on the proxy battle between the company and activist investors, as well …