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 1: I'm Carol Masser along with Tim Stanevik. Let's actually get
Speaker 1: to some stocks on the move. For that, we are
Speaker 1: back with Bloomberg News Equities reporter Avalon Parnell Avalon.
Speaker 3: Good to have you back with us.
Speaker 1: We've missed you. SD latter. All of a sudden, like
Speaker 1: late in the day, this definitely popped up on our radar.
Speaker 4: Yes, SD latter, they did slide about seven point seven
Speaker 4: percent into the clothes. That's after the beauty brand and
Speaker 4: Spanish beauty firm Pooge Brands confirmed they were in talks
Speaker 4: to merge. The Financial Times actually reported earlier today that
Speaker 4: the beauty company could announce a deal to create a
Speaker 4: more than forty billion dollar company as early as today.
Speaker 4: And for those who are unfamiliar with the Spanish brown,
Speaker 4: they're the brand. They are the parent company behind brands
Speaker 4: like Charlotte, Tillerberry and Carolina Herrera.
Speaker 1: Loves Charlotte too, right, let's not to love keep going?
Speaker 1: Who else do they do?
Speaker 3: Yeah, so there's a lot of different things.
Speaker 4: STI Latter also has around two dozen brands, including Lamare
Speaker 4: and The Ordinary, so investors are already kind of questioning
Speaker 4: how exactly would you bridge that gap since STI Latter
Speaker 4: is in the middle of a turnaround by itself.
Speaker 3: But we will see.
Speaker 4: The exact terms of the deal are not known just yet.
Speaker 1: I am blown away because Stiltter was such an iconic
Speaker 1: brand for such a long time and really home broke,
Speaker 1: you know, their homegrown brands, their namesake brand STI Latter,
Speaker 1: and then they had all the other you know, they
Speaker 1: had origins, they had clinique, they had you name it,
Speaker 1: they had all these deep prescriptives and then perfume. My
Speaker 1: aunt used to work for the company, so I know
Speaker 1: it really well. But what's really fascinating. And then they
Speaker 1: went on a buying spree, buying all these other brands,
Speaker 1: and it was a model that was followed by other
Speaker 1: big cosmetic companies. But they've really struggled, especially with their
Speaker 1: namesake brands. So I am blown away by this and
Speaker 1: it would be a real change. And does the st
Speaker 1: Latter name go away? I don't say, how do you
Speaker 1: say push poosh? So it's so it's buying the other company, Porsche.
Speaker 3: Do we decide Well, it's unclear.
Speaker 1: What what Elizabeth pus Okay, okay, Well.
Speaker 5: My apologies to you. We're going to work on this
Speaker 5: all of my Yes, professoris in Spain.
Speaker 1: We'm hollow. That's all I'm going to say. That's what
Speaker 1: I'm going to say. We're trying. We're trying, all right,
Speaker 1: SD loader ticker el and as you said, it was
Speaker 1: down in the trade. Let's go to something that was
Speaker 1: an outperformer today.
Speaker 4: Yes, Norwegian cruise ticker n c l H rose about
Speaker 4: six point two percent into the close today. That's after
Speaker 4: President Trump said he told US forces to pause all
Speaker 4: strikes against Iranian power plants and energy infrastructure for at
Speaker 4: least five days.
Speaker 3: Today.
Speaker 4: Brent crude futures also closed below one hundred dollars per barrel. So,
Speaker 4: if you remember earlier this month, cruise stocks and airlines
Speaker 4: were taking beating as people were really curious about what
Speaker 4: exactly are their.
Speaker 3: Fuel costs going to look like given this conflict.
Speaker 4: Right now, investors are cautiously optimistic, but we'll see what happens.
Speaker 4: As we know, the situation changes every day.
Speaker 1: Yeah, I think the whole travel industry to some extent
Speaker 1: was like kind of getting optimistic, but tbd. I keep
Speaker 1: saying that a lot because I do feel like unless
Speaker 1: we know the timeline.
Speaker 5: Right, yeah, a lot can happen.
Speaker 1: How do you see that company?
Speaker 5: I have no idea.
Speaker 3: Works nice job?
Speaker 5: You don't know that?
Speaker 3: Well, I think it's.
Speaker 1: Right all right, So Norwegian and I think all of
Speaker 1: the cruise lines were actually happy today.
Speaker 4: Right, Carnival everybody generally speaking, withes too had.
Speaker 5: A good day as a result of these fuel but
Speaker 5: they've been getting beat up because of concerns around fuel prices.
Speaker 1: Yeah, and I get it's again like do you look
Speaker 1: through the war and say, okay, it's going to end
Speaker 1: sooner rather than later. But we just don't know.
Speaker 5: Prediction markets, gambling stars.
Speaker 3: Of course, what's in there? Yes, Flutter Entertainment, that's ticker.
Speaker 4: F l u T.
Speaker 5: It's because because I know the answer to this, I
Speaker 5: love this. In the UK, a bet is called a Flutter.
Speaker 5: It's a UK company and it owns FanDuel.
Speaker 1: Okay, take it all.
Speaker 3: You are correct.
Speaker 4: It does own FanDuel and it closed up four point
Speaker 4: four percent today. That's after the Wall Street Journal reported
Speaker 4: that US senators are potentially seeking to introduce bipartisan legislation
Speaker 4: to ban sports betting on prediction markets like Calshi and Polymarket.
Speaker 3: However, I will say Bloomberg.
Speaker 4: Intelligence is cautioning that the reaction appears a little bit premature,
Speaker 4: given the fact that there's a pretty low chance that.
Speaker 3: This bill would pass, at least not this year.
Speaker 2: We'll see this stock mover's report from Bloomberg Radio. Check
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Speaker 2: of companies making news on Wall Street and for the
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch
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