1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: This Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,680 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,680 --> 00:00:22,040 Speaker 1: I'm Nathan Hager, joined by Bloomberg. Stan Curtis starting us off. 6 00:00:22,079 --> 00:00:24,440 Speaker 1: Not with the biggest gainer in the pre market, We'll 7 00:00:24,440 --> 00:00:28,240 Speaker 1: get to that in a moment, but with Synopsis, this 8 00:00:28,320 --> 00:00:29,800 Speaker 1: company's making some news this morning. 9 00:00:29,800 --> 00:00:33,640 Speaker 3: Good morning Dan, Good morning Nathan. Activist investor Elliott Management 10 00:00:33,640 --> 00:00:36,239 Speaker 3: is said to have made a multi billion dollar investment 11 00:00:36,280 --> 00:00:40,560 Speaker 3: in the chip design software company Synopsis, according to people familiar, 12 00:00:40,840 --> 00:00:44,640 Speaker 3: that has those shares trading under ticker SNPs, up about 13 00:00:44,680 --> 00:00:48,519 Speaker 3: two percent in the pre market. A managing partner from 14 00:00:48,560 --> 00:00:51,839 Speaker 3: Elliott said in an email statement that Synopsis is essential 15 00:00:51,880 --> 00:00:55,800 Speaker 3: to the global chip industry and he sees company uniquely 16 00:00:55,840 --> 00:00:59,440 Speaker 3: positioned to benefit as AI drives changes in chip complexity 17 00:00:59,480 --> 00:01:03,440 Speaker 3: and capital investment. The Elliott said it wants to work 18 00:01:03,480 --> 00:01:07,880 Speaker 3: with Synopsis to align execution, profitabibility, and monetization. Those shares 19 00:01:07,920 --> 00:01:10,560 Speaker 3: are down about ten percent year today as it has 20 00:01:10,600 --> 00:01:13,560 Speaker 3: seen some selling as software stocks have taken a hit 21 00:01:13,600 --> 00:01:14,039 Speaker 3: this year. 22 00:01:14,319 --> 00:01:16,640 Speaker 1: All right, now, let's get to the biggest gainer in 23 00:01:16,680 --> 00:01:20,480 Speaker 1: the pre market. This one is not Flute, it's Flutter. 24 00:01:20,720 --> 00:01:23,520 Speaker 1: I was thrown off by the ticker this morning. Why 25 00:01:23,600 --> 00:01:26,119 Speaker 1: is Flutter gaining so much in the pre market. 26 00:01:26,680 --> 00:01:29,200 Speaker 3: Well, it's not March madains brackets as much as we'd 27 00:01:29,240 --> 00:01:31,839 Speaker 3: like to think. It's because of a Wall Street Journal 28 00:01:31,840 --> 00:01:34,560 Speaker 3: report saying that a by parsan pair of US centers 29 00:01:34,840 --> 00:01:39,400 Speaker 3: is introducing legislation today to prohibit CFTC regulated companies from 30 00:01:39,480 --> 00:01:42,360 Speaker 3: listing contracts related to sporting events, or in other words, 31 00:01:42,400 --> 00:01:46,000 Speaker 3: it's going to say they're trying to get prediction markets 32 00:01:46,040 --> 00:01:50,480 Speaker 3: like Calshi and Polymarket out of the sports gambling arena. 33 00:01:50,840 --> 00:01:54,480 Speaker 3: That is driving those shares up. Flutter up about eight 34 00:01:54,520 --> 00:01:57,800 Speaker 3: percent in pre market, and then also its counterpart DraftKings 35 00:01:57,880 --> 00:02:00,760 Speaker 3: up about seven percent as some spaces out for them 36 00:02:01,080 --> 00:02:04,560 Speaker 3: on This follows Friday where Nevada won temporary restraining order 37 00:02:04,600 --> 00:02:08,280 Speaker 3: to prevent Calshi from offering event based contracts related sports. Obviously, 38 00:02:08,320 --> 00:02:11,679 Speaker 3: Nevada is the gaming hub of the US, and it's 39 00:02:11,680 --> 00:02:13,880 Speaker 3: something to note. In the US there's a general ban 40 00:02:14,040 --> 00:02:16,679 Speaker 3: on gambling for those aged under twenty one Calshi and 41 00:02:16,760 --> 00:02:20,480 Speaker 3: Polymarket under their rules are eighteen plus. So there's been 42 00:02:20,480 --> 00:02:23,160 Speaker 3: a lot of ideas that these companies can get in, 43 00:02:23,600 --> 00:02:25,680 Speaker 3: you know, younger users and then hold on to them 44 00:02:25,720 --> 00:02:29,800 Speaker 3: later into the later, into their later through their gambling lives, 45 00:02:30,000 --> 00:02:32,440 Speaker 3: so that they get the first bid. So that's really 46 00:02:32,520 --> 00:02:34,160 Speaker 3: helping out the gambling stocks this morning. 47 00:02:34,320 --> 00:02:37,040 Speaker 1: Okay, so while we watch the gambling stocks, we have 48 00:02:37,200 --> 00:02:39,840 Speaker 1: reason perhaps to keep an eye on the stocks involved 49 00:02:39,840 --> 00:02:43,960 Speaker 1: in the whole Warner Brothers Discovery buyout saga this morning. 50 00:02:44,040 --> 00:02:47,560 Speaker 3: Once again, that's right, Senators getting involved here too. So 51 00:02:47,639 --> 00:02:50,600 Speaker 3: a group of Democratic senators is asking the FCC Chairman, 52 00:02:50,680 --> 00:02:54,600 Speaker 3: Brendan Carr, to investigate the foreign money funding Paramounts guide 53 00:02:55,080 --> 00:02:59,240 Speaker 3: Paramount's takeover bid for Warner Brothers. That's according to Semaphore 54 00:02:59,600 --> 00:03:03,480 Speaker 3: siting a letter to car that has Paramount Skydance shares 55 00:03:03,520 --> 00:03:06,560 Speaker 3: down about two percent in pre market, Warner Brothers shares 56 00:03:06,639 --> 00:03:10,080 Speaker 3: little unchanged. The senators say that the foreign investment from 57 00:03:10,160 --> 00:03:14,640 Speaker 3: China and Gulf States requires thorough FCC reviews. This letter 58 00:03:14,720 --> 00:03:17,760 Speaker 3: was signed by centators including Chuck Schumer, Dick Durbin, Corey Booker, 59 00:03:18,280 --> 00:03:21,600 Speaker 3: Sheldon Whitehouse, and Elizabeth Warren This is not the first 60 00:03:21,680 --> 00:03:23,880 Speaker 3: time that some of the senators have come out. Earlier 61 00:03:23,960 --> 00:03:28,000 Speaker 3: this month's Centers, Warren and Bloomenthal accused that both accused 62 00:03:28,000 --> 00:03:31,040 Speaker 3: the Treasury Department of not scrutinizing the national security concerns 63 00:03:31,080 --> 00:03:32,079 Speaker 3: around this deal enough. 64 00:03:33,240 --> 00:03:37,240 Speaker 2: This stock Moover's report from Bloomberg Radio. 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