Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Tim Staneveek along with Carol Master. Let's take a
Speaker 3: look at some stocks on the move today. We're joined
Speaker 3: by Bloomberg News Equities reporter Alexandra Semenova. Alex please tell me
Speaker 3: you brought something that wasn't in the green today?
Speaker 1: I do, I do?
Speaker 3: I have to prepare for my decliners later.
Speaker 1: The company I'm going to start with, though, is in
Speaker 1: the green today. I know it's been hard to focus
Speaker 1: on anything beyond the macro story, but a lot of
Speaker 1: idiosyncratic stories underneath the surface, and one of them that
Speaker 1: everyone's talking about is Synopsis. Activist investment management firm Elliott
Speaker 1: Investments it made a multi billion dollars investment in Synopsis
Speaker 1: million rather the chip design software maker. It plans to
Speaker 1: push for changes at the company, as it does with
Speaker 1: most of its activist stakes. Elliott managing partner Jesse Cohene
Speaker 1: actually said in an emailed statement that he sees a
Speaker 1: lot of potential with this company. It is essential to
Speaker 1: the global chip industry. He said that changes in chip
Speaker 1: complexity and investment make Synopsis uniquely positioned to benefit from this. However,
Speaker 1: they think that they could do much better clearly given
Speaker 1: this investment, they say, we look forward to engaging with
Speaker 1: the company to help align operational execution, profitability, and monetization
Speaker 1: with its potential importance in the semiconductor ecosystem. And Elliott's
Speaker 1: activist campaigns have generally gotten a positive reaction from investors.
Speaker 1: They tend to push for shareholder value, profitability, and just
Speaker 1: general improvements at the company.
Speaker 4: Yeah, they're a pretty good activist, right in terms of
Speaker 4: bringing back It's fascinating look at Synopsis over the last
Speaker 4: couple of years, with everything that's going on in the
Speaker 4: semiconductor space, it's really struggled. I mean it's done a
Speaker 4: little bit each year, but you compare it with some
Speaker 4: of the other names in the space, they've really had
Speaker 4: a tough time.
Speaker 1: Yeah, perhaps this could mark the much needed reversal that
Speaker 1: they need.
Speaker 4: All right, so let's go to I love these next
Speaker 4: two names. These are definitely two gainers. And actually Tim
Speaker 4: was like, you got to do these as Gainers taken away.
Speaker 1: Super interesting to see Draft Kings and Flutter up today
Speaker 1: they are taking off after the Wall Street Journal reported
Speaker 1: that US senators are set to introduce a bipartisan bill
Speaker 1: to ban sports bets on prediction markets, which obviously have
Speaker 1: been taking off. These companies have struggled exactly as people
Speaker 1: moved to websites like Kelshi and poly Market. The bill
Speaker 1: pertains to entities regulated by the CFTC, including those exchanges
Speaker 1: like Calshian poly Market. This is according to that Wall
Speaker 1: Street Journal report, and they could now be blocked from
Speaker 1: listing sports events contracts, which is a good thing for
Speaker 1: DraftKings and Flutter given the facts that they've struggled with competitions.
Speaker 1: There was that big Bloomberg story about during the Super
Speaker 1: Bowl everyone just gravitated toward a Calshian Polymarket.
Speaker 3: Well, you know, I asked Tark Monsur about this last week,
Speaker 3: because you know, maybe there could be a scenario where
Speaker 3: they can't do the sports predictions on the on the
Speaker 3: on the prediction markets, and he didn't really answer the
Speaker 3: question about whether they would narrow their business, if that
Speaker 3: would if that would become a possibility. I think the
Speaker 3: big thing to keep in mind for these prediction markets
Speaker 3: is that in some cases it's ninety percent of what
Speaker 3: they're doing.
Speaker 4: That's why I said, what's less then for them?
Speaker 2: Right?
Speaker 1: Going to mean for them?
Speaker 3: Even though from our perspective, there's a lot of interest
Speaker 3: around Okay, what's inflation going to you know, what's the
Speaker 3: inflation print going to be? What's the Fed going to do?
Speaker 4: Do you make money? Do you make enough money off
Speaker 4: of that? Right?
Speaker 1: Everyone's just leaning on active.
Speaker 4: Videos, got the man. We're just talking about prediction markets
Speaker 4: though in their impact and so much lately. All right,
Speaker 4: let's get to MasterCard.
Speaker 1: Yeah, here is a stock that is not doing so
Speaker 1: well today. It was hit with a multi billion dollar,
Speaker 1: multimillion dollar bill after a Brazilian bank collapse. Basically, the
Speaker 1: issue was that the payment network behind cards issued by
Speaker 1: the fintech arm collapsed and when the bank failed, card
Speaker 1: holders still had billions of dollars in outstanding charges and
Speaker 1: master Card was forced to pay this off. It stepped
Speaker 1: into pay retailers, covering about half of those transactions, and
Speaker 1: now is going to the liquidator to make sure to
Speaker 1: get that money back with the stocks?
Speaker 3: App is it?
Speaker 1: It was?
Speaker 3: It was this is what happens on day crazy?
Speaker 2: Yeah, the stock movers report from Bloomberg Radio check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street, and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
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