Billionaire activist investor Carl Icahn is threatening to kick off a proxy fight with McDonald's to end the use of gestation crates for pregnant pigs in its supply chain.
Icahn said he's prepared to shake up the company's board of directors if McDonald's does not improve its practices.
The fast-food vowed to order suppliers to do away with gestation crates in 2012 but has so far not complied with its announcement.
Gestation crates, or sow stalls, are small, metal enclosures where pregnant sows are confined.
The pork industry has defended the crates as a necessary measure to boost productivity and prevent the pigs from fighting.


Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism
US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine
UK House Prices Hold Steady in June as Annual Growth Misses Forecasts
Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 



