The conglomerate saw major gains in its insurance operations and in investment income. But revenues at its railroad and utility businesses declined from 2022.
ValueAct Capital, known for working constructively with boards, said it would support the media giant’s director nominees amid a challenge by Nelson Peltz.
Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.