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  "documentTitle": "Icahn Enterprises | Activist Presentation Deck | 37 slides",
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      "kind": "callout",
      "text": "ILMN SHARE PRICE DROPS 8% AFTER CLOSING GRAIL DEAL DESPITE NOT HAVING REGULATORY APPROVAL.",
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      "text": "“Key questions remain on 1) a possible multi-year appeal process if the ruling is not in ILMN's favor; 2) potential penalties ILMN may face (EU can impose up to 10% of 1 year's consolidated revenues currently); and 3) the distraction of a potential multi-year appeals process.” – UBS (8/19/2021)",
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      "text": "“We see this deal close development as a confusing one, as we could not find any precedent for an acquirer intentionally closing a deal ahead of regulatory approval... we see some risk that this tactic does not sit well with the regulatory bodies...” – Citi (8/18/2021)",
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      "text": "“Illumina completes GRAIL acquisition, regulators be damned.” – Fierce Biotech (8/19/2021)",
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      "text": "“...we remain uncertain of the clinical utility of the Galleri test and commercial success... for now, are left with more questions than answers. As such, we maintain our Underperform rating.” – BofA (8/18/2021)",
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