The Pershing Square CEO said he's admired the ridesharing giant since actor Edward Norton introduced him to the app in its early days.

Uber stock hit its highest level since October after Ackman disclosed his Pershing Square hedge fund accumulated a 1.4% stake in the ride hailer.

Uber stock gained a second straight day as Bill Ackman said he had built a stake worth more than $2 billion. Freyr announced in 2022 that it was planning on spending billions to build a plant in Coweta County. Trump's cabinet might have a model in Alaska's Permanent Fund, which disperses checks to Alaska residents.