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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Tim Staneveek along with Carol Master. Let's take a

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Speaker 3: look at some stocks on the move today. We're joined

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Speaker 3: by Bloomberg News Equities reporter Alexandra Semenova. Alex please tell me

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Speaker 3: you brought something that wasn't in the green today?

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Speaker 1: I do, I do?

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Speaker 3: I have to prepare for my decliners later.

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Speaker 1: The company I'm going to start with, though, is in

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Speaker 1: the green today. I know it's been hard to focus

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Speaker 1: on anything beyond the macro story, but a lot of

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Speaker 1: idiosyncratic stories underneath the surface, and one of them that

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Speaker 1: everyone's talking about is Synopsis. Activist investment management firm Elliott

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Speaker 1: Investments it made a multi billion dollars investment in Synopsis

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Speaker 1: million rather the chip design software maker. It plans to

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Speaker 1: push for changes at the company, as it does with

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Speaker 1: most of its activist stakes. Elliott managing partner Jesse Cohene

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Speaker 1: actually said in an emailed statement that he sees a

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Speaker 1: lot of potential with this company. It is essential to

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Speaker 1: the global chip industry. He said that changes in chip

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Speaker 1: complexity and investment make Synopsis uniquely positioned to benefit from this. However,

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Speaker 1: they think that they could do much better clearly given

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Speaker 1: this investment, they say, we look forward to engaging with

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Speaker 1: the company to help align operational execution, profitability, and monetization

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Speaker 1: with its potential importance in the semiconductor ecosystem. And Elliott's

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Speaker 1: activist campaigns have generally gotten a positive reaction from investors.

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Speaker 1: They tend to push for shareholder value, profitability, and just

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Speaker 1: general improvements at the company.

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Speaker 4: Yeah, they're a pretty good activist, right in terms of

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Speaker 4: bringing back It's fascinating look at Synopsis over the last

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Speaker 4: couple of years, with everything that's going on in the

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Speaker 4: semiconductor space, it's really struggled. I mean it's done a

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Speaker 4: little bit each year, but you compare it with some

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Speaker 4: of the other names in the space, they've really had

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Speaker 4: a tough time.

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Speaker 1: Yeah, perhaps this could mark the much needed reversal that

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Speaker 1: they need.

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Speaker 4: All right, so let's go to I love these next

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Speaker 4: two names. These are definitely two gainers. And actually Tim

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Speaker 4: was like, you got to do these as Gainers taken away.

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Speaker 1: Super interesting to see Draft Kings and Flutter up today

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Speaker 1: they are taking off after the Wall Street Journal reported

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Speaker 1: that US senators are set to introduce a bipartisan bill

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Speaker 1: to ban sports bets on prediction markets, which obviously have

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Speaker 1: been taking off. These companies have struggled exactly as people

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Speaker 1: moved to websites like Kelshi and poly Market. The bill

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Speaker 1: pertains to entities regulated by the CFTC, including those exchanges

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Speaker 1: like Calshian poly Market. This is according to that Wall

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Speaker 1: Street Journal report, and they could now be blocked from

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Speaker 1: listing sports events contracts, which is a good thing for

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Speaker 1: DraftKings and Flutter given the facts that they've struggled with competitions.

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Speaker 1: There was that big Bloomberg story about during the Super

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Speaker 1: Bowl everyone just gravitated toward a Calshian Polymarket.

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Speaker 3: Well, you know, I asked Tark Monsur about this last week,

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Speaker 3: because you know, maybe there could be a scenario where

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Speaker 3: they can't do the sports predictions on the on the

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Speaker 3: on the prediction markets, and he didn't really answer the

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Speaker 3: question about whether they would narrow their business, if that

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Speaker 3: would if that would become a possibility. I think the

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Speaker 3: big thing to keep in mind for these prediction markets

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Speaker 3: is that in some cases it's ninety percent of what

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Speaker 3: they're doing.

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Speaker 4: That's why I said, what's less then for them?

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Speaker 2: Right?

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Speaker 1: Going to mean for them?

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Speaker 3: Even though from our perspective, there's a lot of interest

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Speaker 3: around Okay, what's inflation going to you know, what's the

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Speaker 3: inflation print going to be? What's the Fed going to do?

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Speaker 4: Do you make money? Do you make enough money off

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Speaker 4: of that? Right?

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Speaker 1: Everyone's just leaning on active.

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Speaker 4: Videos, got the man. We're just talking about prediction markets

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Speaker 4: though in their impact and so much lately. All right,

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Speaker 4: let's get to MasterCard.

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Speaker 1: Yeah, here is a stock that is not doing so

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Speaker 1: well today. It was hit with a multi billion dollar,

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Speaker 1: multimillion dollar bill after a Brazilian bank collapse. Basically, the

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Speaker 1: issue was that the payment network behind cards issued by

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Speaker 1: the fintech arm collapsed and when the bank failed, card

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Speaker 1: holders still had billions of dollars in outstanding charges and

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Speaker 1: master Card was forced to pay this off. It stepped

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Speaker 1: into pay retailers, covering about half of those transactions, and

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Speaker 1: now is going to the liquidator to make sure to

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Speaker 1: get that money back with the stocks?

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Speaker 3: App is it?

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Speaker 1: It was?

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Speaker 3: It was this is what happens on day crazy?

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Speaker 2: Yeah, the stock movers report from Bloomberg Radio check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street, and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

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Speaker 2: Auto with the Bloomberg Business app.