1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,439 Speaker 2: Let's take a look at some stocks in the move 5 00:00:18,480 --> 00:00:20,560 Speaker 2: today to the Alexis Christopher's all. 6 00:00:20,560 --> 00:00:23,239 Speaker 3: Right, guys, let's start with Unity Software. This stock is 7 00:00:23,239 --> 00:00:26,640 Speaker 3: on the move today. It's up now about fourteen percent. 8 00:00:26,880 --> 00:00:29,360 Speaker 3: It is a San Francisco based gaming company, and they 9 00:00:29,400 --> 00:00:33,559 Speaker 3: released preliminary first quarter results that beat our earlier forecast 10 00:00:33,640 --> 00:00:35,680 Speaker 3: on both the top and bottom line. So when you 11 00:00:35,720 --> 00:00:37,720 Speaker 3: dig in here, here's what Wall Street seems to like. 12 00:00:37,800 --> 00:00:41,000 Speaker 3: Unity is going to close its Iron Source ads network 13 00:00:41,159 --> 00:00:43,479 Speaker 3: and has hired an advisor to find a buyer for 14 00:00:43,600 --> 00:00:48,000 Speaker 3: its Supersonic games publishing business. Those titles include things like 15 00:00:48,040 --> 00:00:51,400 Speaker 3: Bazooka Boy and Clone Boy, which we know Paul Sweeney 16 00:00:51,479 --> 00:00:55,840 Speaker 3: is all about. It makes tools that help developers design 17 00:00:55,960 --> 00:00:58,760 Speaker 3: and make money off of video games, so it wants 18 00:00:58,800 --> 00:01:02,600 Speaker 3: to now focus on that's its AI driven advertising unit. 19 00:01:02,800 --> 00:01:05,600 Speaker 3: But get this, shares of Unity are down sixty percent 20 00:01:05,720 --> 00:01:08,800 Speaker 3: here to date, and that's because of Google's Project Genie 21 00:01:08,840 --> 00:01:10,959 Speaker 3: that some say we're going to disrupt the way video 22 00:01:11,000 --> 00:01:14,280 Speaker 3: games get made, so unity making some strategic moves to 23 00:01:14,319 --> 00:01:16,679 Speaker 3: sort of, I guess, give it its best advantage. All right, 24 00:01:16,920 --> 00:01:19,119 Speaker 3: All right, they say it is five o'clock somewhere, right, 25 00:01:19,160 --> 00:01:24,000 Speaker 3: So let's talk a little cocktails. Francis Pernode, Rasharpe, yeah, 26 00:01:24,040 --> 00:01:27,240 Speaker 3: owner of Absolute Vodka, and Brown Foreman, of course, the 27 00:01:27,240 --> 00:01:29,920 Speaker 3: owner of Jack Daniels. They're apparently in discussions about a 28 00:01:30,040 --> 00:01:32,800 Speaker 3: possible merger. So what would this look like, Well, the 29 00:01:32,800 --> 00:01:35,679 Speaker 3: world's second largest spirits maker would come together with the 30 00:01:35,680 --> 00:01:39,240 Speaker 3: world's largest producer of American whiskey. They're calling it a 31 00:01:39,319 --> 00:01:42,600 Speaker 3: merger of equals if it were to happen. Pernode up 32 00:01:42,600 --> 00:01:44,520 Speaker 3: about three and a half percent right now. Class B 33 00:01:44,640 --> 00:01:46,680 Speaker 3: shares of Brown Forman, though, are down a little bit. 34 00:01:46,880 --> 00:01:50,320 Speaker 3: Wall Street seems mixed on this possible hookup. Look, we 35 00:01:50,360 --> 00:01:52,360 Speaker 3: know that spirit companies have been going through it, right 36 00:01:52,400 --> 00:01:54,960 Speaker 3: because sales have been slumping now for years, and also 37 00:01:55,120 --> 00:01:58,400 Speaker 3: tariff pressures. Let's not forget that's causing a lot of 38 00:01:58,440 --> 00:02:01,920 Speaker 3: valuations there to slide. So Brown Foreman stock has actually 39 00:02:01,960 --> 00:02:04,800 Speaker 3: been under pressure for years, losing about half of its value. 40 00:02:04,880 --> 00:02:08,000 Speaker 3: So some analysts are questioning the timing of this possible deal. 41 00:02:08,000 --> 00:02:10,720 Speaker 3: They're pointing the fact that Pronode Richard has made some 42 00:02:10,760 --> 00:02:13,560 Speaker 3: big acquisitions over the past few years, and they were 43 00:02:13,560 --> 00:02:16,359 Speaker 3: hoping they'd actually focus a little bit on, you know, 44 00:02:16,480 --> 00:02:18,799 Speaker 3: paying down debt as opposed to running out and buying 45 00:02:19,040 --> 00:02:21,320 Speaker 3: or merging with another company. I think people are drinking 46 00:02:21,400 --> 00:02:24,079 Speaker 3: less because they're gummying up, doing the gummy thing. Oh, 47 00:02:24,120 --> 00:02:25,440 Speaker 3: the gummy, the CBD gummy. 48 00:02:25,560 --> 00:02:27,720 Speaker 2: I think it's a thing. I went to a formal 49 00:02:27,960 --> 00:02:32,440 Speaker 2: business lunch the other day. Not one single person at 50 00:02:32,440 --> 00:02:35,760 Speaker 2: the table, including me, at a beverage. And that's I 51 00:02:35,800 --> 00:02:38,440 Speaker 2: think I've never seen that except you know, in La 52 00:02:38,520 --> 00:02:41,120 Speaker 2: you see it because everybody's you go to Michael's in 53 00:02:41,160 --> 00:02:44,560 Speaker 2: Santa Monica, right, no one's drinking because you know, Michael's 54 00:02:44,560 --> 00:02:46,959 Speaker 2: like at the bar, going, are you kidding me? Somebody 55 00:02:47,120 --> 00:02:47,960 Speaker 2: order a beverage. 56 00:02:48,000 --> 00:02:49,799 Speaker 3: Well that's where the restaurants make your money, right, because 57 00:02:49,919 --> 00:02:52,000 Speaker 3: the margin's there. But yeah, it's true, all right, And 58 00:02:52,120 --> 00:02:54,000 Speaker 3: let's talk a little blue owl. So the stock is 59 00:02:54,000 --> 00:02:56,519 Speaker 3: down one percent, it is down forty percent year to date, 60 00:02:56,880 --> 00:02:58,320 Speaker 3: and a lot of this is about the jitter is 61 00:02:58,360 --> 00:03:01,280 Speaker 3: regarding private credit. So this is in timing and maybe, 62 00:03:01,360 --> 00:03:03,320 Speaker 3: you know, maybe this is a winning strategy. I don't know, 63 00:03:03,360 --> 00:03:05,920 Speaker 3: but Blue Owl is going to expand its team to 64 00:03:05,919 --> 00:03:09,720 Speaker 3: bring ultra wealthy investors into private markets. So it's looking 65 00:03:09,760 --> 00:03:15,160 Speaker 3: to partner with family offices across various opportunities. It's, you know, 66 00:03:15,440 --> 00:03:17,200 Speaker 3: hoping that people are going to look past those recent 67 00:03:17,280 --> 00:03:20,560 Speaker 3: jitters to expand into an area that they've traditionally had 68 00:03:20,840 --> 00:03:24,520 Speaker 3: limited exposure to, that is retail investors. So the firm, 69 00:03:24,560 --> 00:03:26,680 Speaker 3: of course grappling to shore up confidence here in its 70 00:03:26,720 --> 00:03:30,320 Speaker 3: retail focused funds, looking to partner with those family offices. 71 00:03:30,360 --> 00:03:33,960 Speaker 3: It's hired Blake Shorthouse from Kkar to lead the push 72 00:03:34,240 --> 00:03:36,400 Speaker 3: and has expanded the team to about eight people. So 73 00:03:36,400 --> 00:03:37,720 Speaker 3: we'll see if that goes anywhere. 74 00:03:38,880 --> 00:03:42,920 Speaker 1: The Stock Movers report from Bloomberg Radio. 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