Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks in the move
Speaker 2: today to the Alexis Christopher's all.
Speaker 3: Right, guys, let's start with Unity Software. This stock is
Speaker 3: on the move today. It's up now about fourteen percent.
Speaker 3: It is a San Francisco based gaming company, and they
Speaker 3: released preliminary first quarter results that beat our earlier forecast
Speaker 3: on both the top and bottom line. So when you
Speaker 3: dig in here, here's what Wall Street seems to like.
Speaker 3: Unity is going to close its Iron Source ads network
Speaker 3: and has hired an advisor to find a buyer for
Speaker 3: its Supersonic games publishing business. Those titles include things like
Speaker 3: Bazooka Boy and Clone Boy, which we know Paul Sweeney
Speaker 3: is all about. It makes tools that help developers design
Speaker 3: and make money off of video games, so it wants
Speaker 3: to now focus on that's its AI driven advertising unit.
Speaker 3: But get this, shares of Unity are down sixty percent
Speaker 3: here to date, and that's because of Google's Project Genie
Speaker 3: that some say we're going to disrupt the way video
Speaker 3: games get made, so unity making some strategic moves to
Speaker 3: sort of, I guess, give it its best advantage. All right,
Speaker 3: All right, they say it is five o'clock somewhere, right,
Speaker 3: So let's talk a little cocktails. Francis Pernode, Rasharpe, yeah,
Speaker 3: owner of Absolute Vodka, and Brown Foreman, of course, the
Speaker 3: owner of Jack Daniels. They're apparently in discussions about a
Speaker 3: possible merger. So what would this look like, Well, the
Speaker 3: world's second largest spirits maker would come together with the
Speaker 3: world's largest producer of American whiskey. They're calling it a
Speaker 3: merger of equals if it were to happen. Pernode up
Speaker 3: about three and a half percent right now. Class B
Speaker 3: shares of Brown Forman, though, are down a little bit.
Speaker 3: Wall Street seems mixed on this possible hookup. Look, we
Speaker 3: know that spirit companies have been going through it, right
Speaker 3: because sales have been slumping now for years, and also
Speaker 3: tariff pressures. Let's not forget that's causing a lot of
Speaker 3: valuations there to slide. So Brown Foreman stock has actually
Speaker 3: been under pressure for years, losing about half of its value.
Speaker 3: So some analysts are questioning the timing of this possible deal.
Speaker 3: They're pointing the fact that Pronode Richard has made some
Speaker 3: big acquisitions over the past few years, and they were
Speaker 3: hoping they'd actually focus a little bit on, you know,
Speaker 3: paying down debt as opposed to running out and buying
Speaker 3: or merging with another company. I think people are drinking
Speaker 3: less because they're gummying up, doing the gummy thing. Oh,
Speaker 3: the gummy, the CBD gummy.
Speaker 2: I think it's a thing. I went to a formal
Speaker 2: business lunch the other day. Not one single person at
Speaker 2: the table, including me, at a beverage. And that's I
Speaker 2: think I've never seen that except you know, in La
Speaker 2: you see it because everybody's you go to Michael's in
Speaker 2: Santa Monica, right, no one's drinking because you know, Michael's
Speaker 2: like at the bar, going, are you kidding me? Somebody
Speaker 2: order a beverage.
Speaker 3: Well that's where the restaurants make your money, right, because
Speaker 3: the margin's there. But yeah, it's true, all right, And
Speaker 3: let's talk a little blue owl. So the stock is
Speaker 3: down one percent, it is down forty percent year to date,
Speaker 3: and a lot of this is about the jitter is
Speaker 3: regarding private credit. So this is in timing and maybe,
Speaker 3: you know, maybe this is a winning strategy. I don't know,
Speaker 3: but Blue Owl is going to expand its team to
Speaker 3: bring ultra wealthy investors into private markets. So it's looking
Speaker 3: to partner with family offices across various opportunities. It's, you know,
Speaker 3: hoping that people are going to look past those recent
Speaker 3: jitters to expand into an area that they've traditionally had
Speaker 3: limited exposure to, that is retail investors. So the firm,
Speaker 3: of course grappling to shore up confidence here in its
Speaker 3: retail focused funds, looking to partner with those family offices.
Speaker 3: It's hired Blake Shorthouse from Kkar to lead the push
Speaker 3: and has expanded the team to about eight people. So
Speaker 3: we'll see if that goes anywhere.
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