Icahn's Company Loses $2 Billion Amid Legal Scrutiny.

Icahn Enterprises, the conglomerate created by legendary Wall Street investor Carl Icahn, lost $2 billion in market cap after revealing that it is facing legal scrutiny from federal prosecutors. The investigation comes after a Hindenburg Research report accused the company of inflating assets by more than 75%. Icahn's net worth lost $10 billion as a result. The company is cooperating with the investigation but emphasized that no claims or allegations have been made against it or Icahn himself.