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Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Why Icahn Enterprises Tanked This Week

George Budwell, The Motley Fool
·1 min read
Why Icahn Enterprises Tanked This Week

It's been tough sledding of late for billionaire Carl Icahn's namesake master limited partnership Icahn Enterprises (NASDAQ: IEP). Through the first three and a half days of trading this week, the diversified holding company's units shed 16% of their value, according to data provided by S&P Global Market Intelligence. Since the start of May, Icahn Enterprises' unit price has fallen by a staggering 38%, in part in response to the publication of a short-seller report from Nathan Anderson's Hindenburg Research on May 2.

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