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.

Shares of Uber Technologies jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a position in the ride sharing platform.

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.