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Tuesday, Aug 13
Nuance spikes on Icahn's Apple disclosure
- Nuance (NUAN +2.3%) has spiked higher after Carl Icahn announced on Twitter he now has "a large position" in Apple.
- Icahn has gradually raised his stake in Nuance to 16% from the 9.3% originally disclosed in April, and there could be speculation Icahn will push Apple (not historically prone to making big acquisitions) to buy part or all of Nuance, whose voice-recognition tech helps power Siri.