"Disney Gains Upper Hand in Proxy Battle Against Activist Investors"

Walt Disney Co. is currently leading in a proxy fight against Nelson Peltz with over half of the votes counted, as major investors like BlackRock and T. Rowe Price back Disney's management. However, the outcome is still uncertain as investors continue to cast and potentially change their votes. Peltz's Trian Fund Management has garnered support from investors including Neuberger Berman and the California Public Employees’ Retirement System. The battle for board seats will be decided at Disney's annual meeting on April 3.