Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine 
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
U.S. Stocks Slip as Gold Rebounds Ahead of Year-End, Markets Eye 2026 Outlook 
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
U.S. call center software company Five9 Inc. is close to reaching a settlement with Anson Funds Management following months of pressure from activist investors. Sources familiar with the matter revealed that the agreement, which could be announced as early as Monday, would grant Anson Funds portfolio manager Sagar Gupta a seat on the company’s nine-member board.
Activist Pressure Mounts on Five9
Five9 has been under increasing scrutiny from activist investors, including Anson Funds and Legion Partners, who have been vocal about their dissatisfaction with the company’s performance. Anson Funds, led by Chief Investment Officer Moez Kassam, began engaging with Five9 earlier this year after amassing a significant stake in the company. Legion Partners followed suit in October, also requesting a board seat.
Scaler Gauge, another investment firm supporting shareholder activism at Five9, has backed Gupta’s addition to the board, highlighting growing external pressure for significant changes in governance. These moves come as Five9’s market value has plunged to $3.2 billion, following a 44% drop in its stock price this year. However, recent signs of recovery have seen the stock climb 15% in the past month.
Sources note that the proposed settlement aims to align Five9’s leadership with shareholder expectations, ensuring strategic changes to improve performance and shareholder value.
Behind the Negotiations
Under the terms being discussed, Gupta’s appointment to the board would mark a key victory for Anson Funds, which has been ramping up its activism efforts. Gupta, who previously worked at Legion Partners, specializes in technology, media, and telecommunications investments. His addition to the board is seen as a step toward driving targeted changes within Five9.
Five9’s struggles have been compounded by its decision last year to reject an acquisition offer from Zoom Video Communications, a deal that could have potentially stabilized the company’s financial outlook. With stronger third-quarter revenue and reduced net losses reported in November, Five9 has demonstrated resilience but remains under pressure to execute long-term growth strategies.
