Activist investor Elliott Investment Management stated in a letter addressed to Honeywell’s Board of Directors that it wants Honeywell International Inc. to spin-off its Aerospace Technologies business.

In early trading, the industrial conglomerate’s stock hit $242.77, for a gain of almost 8%, after activist investor Elliott Investment Management disclosed a $5 billion stake in the company. Shares closed up 3.

The push comes as new Honeywell CEO Vimal Kapur has led an aggressive repositioning with mergers, acquisitions and spinoffs.

Just one week after Brianna “Chickenfry” LaPaglia accused country singer Zach Bryan of emotional abuse, she is reflecting on the impact that her story has had on listeners of her "Barstool Sports" podcast, her 5 million social media followers and even those just learning about her and her story.

Zach Bryan has finally gotten some good news. The country singer, 28, will not face charges stemming from his arrest for obstruction last year. Craig County, Oklahoma District Attorney’s Office spokesperson Michelle Lowry told TMZ on Thursday that prosecutors agreed in May to defer filing charges against Bryan for a period of 6 months.