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  "documentTitle": "Icahn Enterprises | Activist Presentation Deck | 37 slides",
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  "authorName": "Icahn Enterprises",
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  "presentationDate": "2023-04-01 00:00:00",
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  "notes": "The slide uses a red arrow to visually emphasize the downward trend in margins.",
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      "kind": "callout",
      "text": "ILMN’S CORE OPERATING MARGINS HAVE DECLINED FROM ~31% TO 22% UNDER DESOUZA’S WATCH.",
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      "text": "Source: Company filings; Bloomberg. Note: Figures are for Core ILMN, excluding the impact from GRAIL, Helix, and one-time costs",
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      "text": "CORE ILLUMINA FAILURES: DETERIORATING CORE MARGINS",
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