Bill Ackman buys Netflix again four years after exit, says it has won the streaming wars

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Ackman buys Netflix again, four years later; says it won streaming wars Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Bill Ackman is betting on Netflix again, returning to a stock he abruptly exited about four years ago after a sharp decline in the streaming giant's shares. Ackman's Pershing Square Capital Management disclosed a new position in Netflix in its semiannual report, saying the dominant streaming platform has emerged from the industry's costly battle for subscribers with a leading market position, stronger profit margins and a valuation that has become increasingly attractive after a steep sell-off. "We acquired a position in Netflix, a business we briefly owned in 2022 and have followed closely ever since," Pershing Square said in the report. Netflix shares jumped nearly 4% on Thursday following the disclosure. The investment marks a notable return for Ackman, who built a large...

Trump threatens 100% tariff on European nations over tech tax

Image source, Getty Images Image caption, US President Donald Trump speaks during an event in the Oval Office of the White House on June 22, 2026 in Washington, DC. By Francisco Velasquez Business reporter Published 1 hour ago US president Donald Trump has vowed to impose a 100% import tariff on any European country that introduces a digital services tax on American technology giants. Writing on Truth Social, Trump said "Numerous European countries" had been discussing bringing in such a levy and some were close to doing so. He warned that the punitive penalties would be applied immediately and would completely "supersede" any existing bilateral trade agreements. While the post targets nations planning the "imminent implementation" of new levies, the precise implications for the UK were not immediately clear, given London has had such a tax in place for some time . "Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America," he wrote. Britain's 2% Digital Services Tax (DST) on major search engines, social media platforms, and online marketplaces was introduced in April 2020. The tax applies to tech multinationals like Apple, Google, Meta, and Amazon, specifically targeting firms with global digital revenues exceeding 500 million and UK revenues over 25 million. It raised more than 800 million in 2024 25, up from 678 million in 2023 24, according to the Treasury. The Department for Business and Trade and the Treasury have been contacted for comment. Friday's tariff warning is the latest in several announcements from President Trump's administration of new import taxes since the US Supreme Court struck down many of his previous duties in February. Earlier this month the US announced new tariffs of 10-12.5% on dozens of countries accounting for almost all its imports over concerns they are not doing enough to tackle forced labour. More on this story UK mulls big tech tax changes to avoid US tariffs Published 23 March 2025 US announces new tariffs over forced labour concerns Published 3 June

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