Communications services companies rose amid signs of a prolonged proxy fight at Walt Disney.
Trian Fund Management founder Nelson Peltz said, if elected to the Disney board, he would push for Netflix-like profit margins from Disney's streaming services, in the activist investor's pitch to proxy voters.
South Korean smart-phone maker Samsung is betting that generative artificial-intelligence capabilities will trigger another round of phone upgrades for consumers after a sluggish period for the phone market.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-18-24 1755ET
