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Signs of a brewing board seat fight at Salesforce,

plus airlines hike transatlantic fares amid expectations of a record travel year,

and where the Fed and small businesses don't see eye to eye.

The Fed wants to cool this economy down and kind of bring wages more in line with historical trends,

and small businesses are having to increase what they're having to pay just to compete and get those workers.

It's Friday, January 27th. I'm Luke Vargas with the Wall Street Journal,

and here's the AM edition of What's News, the top headlines and business stories moving your world today.

Activist investor Elliott Management is preparing to nominate a slate of directors at Salesforce,

according to people familiar with the matter, a sign that a board seat battle may be looming.

Journal Market's reporter Rebecca Fung has more.

This news comes just days after the Journal first reported that Elliott had made a multi-billion-dollar investment in Salesforce.

In terms of a potential board seat battle, people familiar with the matter tell us that Elliott is having conversations with numerous tech executives,

as well as those with other industry backgrounds.

We should also know that any election of directors at Salesforce would take place under recently implemented so-called universal proxy rules.

That just means that investors will now be able to pick and choose who they want to see on a board,

rather than voting entirely with a company or with the activist's late.

Investing giant Blackstone's net income fell during the fourth quarter, and it missed its assets under management target,

as its fundraising weakened in some of its strategies aimed at individual investors.

Blackstone's assets under management rose to $974.7 billion, but came in shy of its $1 trillion goal.

...