On this episode of Stock Movers:
- Warner Brothers Discovery (WBD) shares rise after the company said it will split its streaming and studios business and its TV networks operations by the middle of next year. The streaming and studios company will include Warner Brothers Television, the Motion Picture Group, DC Studios, HBO, and HBO Max. 
- Qualcomm (QCOM) shares rise after the company reached an agreement to buy Alphawave for $2.4 billion. The offer equates to about 183 pence per share for Alphawave -- a 96% premium to the company’s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks.
- Starbucks (SBUX) shares rise after the company announced price cuts for a slew of its tea-based beverages at its stores across China. It's the latest campaign to appeal to Chinese consumers for non-coffee offerings during summer.

On this episode of Stock Movers: - Warner Brothers Discovery (WBD) shares rise after the company said it will split its streaming and studios business and its TV networks operations by the middle of next year. The streaming and studios company will include Warner Brothers Television, the Motion Picture Group, DC Studios, HBO, and HBO Max. - Qualcomm (QCOM) shares rise after the company reached an agreement to buy Alphawave for $2.4 billion. The offer equates to about 183 pence per share for Alphawave -- a 96% premium to the company&rsquo;s share price on March 31, the last trading day before Alphawave and Qualcomm disclosed the talks. - Starbucks (SBUX) shares rise after the company announced price cuts for a slew of its tea-based beverages at its stores across China. It's the latest campaign to appeal to Chinese consumers for non-coffee offerings during summer.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. 

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Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Warner Brothers Discovery Rises, Qualcomm Gains, Starbucks Up After China Price Cuts

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e961b5e8-9c56-4df1-a561-b2f700eb45b0/transcript

On this episode of Stock Movers:

- Lululemon (LULU) lowered its full-year outlook for a second straight quarter, with sales now projected to be in a range of $10.35 billion to $10.5 billion. Incoming CEO Heidi O’Neill to face challenges including winning back market share, rebounding from product mishaps, and rebuilding the executive team after a series of recent departures.

- Adobe (ADBE) continues to fall after it named Anil Chakravarthy, the leader of its marketing and analytics software business, as its next chief executive officer.

- Shares of Fair Isaac Corp (FICO) are under heavy pressure after Federal Housing Finance Agency Director Bill Pulte renewed his long-standing criticism of the costs of consumer credit scores. “Equifax, Experian, and TransUnion have been overcharging Americans for far too long,” Pulte said in a post on X on Thursday, adding that “this will end soon.”The post sent Fair Isaac, the analytics company behind so-called FICO scores, tumbling as much as 21%, the biggest drop since March 2020, to the lowest since late April. Equifax and TransUnion both fell as much as 11%.

On this episode of Stock Movers:
- Lululemon (LULU) lowered its full-year outlook for a second straight quarter, with sales now projected to be in a range of $10.35 billion to $10.5 billion. Incoming CEO Heidi O&rsquo;Neill to face challenges including winning back market share, rebounding from product mishaps, and rebuilding the executive team after a series of recent departures.
- Adobe (ADBE) continues to fall after it named Anil Chakravarthy, the leader of its marketing and analytics software business, as its next chief executive officer.
- Shares of Fair Isaac Corp (FICO) are under heavy pressure after Federal Housing Finance Agency Director Bill Pulte renewed his long-standing criticism of the costs of consumer credit scores. &ldquo;Equifax, Experian, and TransUnion have been overcharging Americans for far too long,&rdquo; Pulte said in a post on X on Thursday, adding that &ldquo;this will end soon.&rdquo;The post sent Fair Isaac, the analytics company behind so-called FICO scores, tumbling as much as 21%, the biggest drop since March 2020, to the lowest since late April. Equifax and TransUnion both fell as much as 11%.

Lululemon Drops to Eight-Year Low, Adobe Falls, FICO Plunges

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e488653e-36a4-4091-b6b7-b4bb01439db1/transcript

On this episode of Stock Movers:

- Lululemon (LULU) shares drop. Lululemon Athletica Inc. lowered its full-year outlook for a second straight quarter, with sales now projected to be in a range of $10.35 billion to $10.5 billion. The company reported its first decline in comparable sales since the pandemic and trimmed its outlook for earnings per share, with shares of Lululemon tumbling 19.5% in New York.

- Adobe (ADBE) shares fall. The software maker announced that Anil Chakravarthy will become president and chief executive officer, effective Dec. 1, succeeding Shantanu Narayen. The selection of Chakravarthy comes as Adobe faces increasing questions about whether it will be toppled from its post in the age of AI, with generative AI making it easier to produce visual media without Adobe’s expensive products. The move comes ahead of the release of Adobe’s third-quarter results next week.

- Equifax (EFX) drops after Federal Housing Finance Agency Director Bill Pulte criticized the costs of consumer credit scores. Pulte said the government is considering "bi-merge, and stronger solutions" and instructed mortgage-finance giants to "approve all lenders to use VantageScore", a rival to FICO.

On this episode of Stock Movers:
- Lululemon (LULU) shares drop. Lululemon Athletica Inc. lowered its full-year outlook for a second straight quarter, with sales now projected to be in a range of $10.35 billion to $10.5 billion. The company reported its first decline in comparable sales since the pandemic and trimmed its outlook for earnings per share, with shares of Lululemon tumbling 19.5% in New York.
- Adobe (ADBE) shares fall. The software maker announced that Anil Chakravarthy will become president and chief executive officer, effective Dec. 1, succeeding Shantanu Narayen. The selection of Chakravarthy comes as Adobe faces increasing questions about whether it will be toppled from its post in the age of AI, with generative AI making it easier to produce visual media without Adobe&rsquo;s expensive products. The move comes ahead of the release of Adobe&rsquo;s third-quarter results next week.
- Equifax (EFX) drops after Federal Housing Finance Agency Director Bill Pulte criticized the costs of consumer credit scores. Pulte said the government is considering "bi-merge, and stronger solutions" and instructed mortgage-finance giants to "approve all lenders to use VantageScore", a rival to FICO.

Lululemon Drops, Adobe Falls, Equifax Lower After Pulte Criticism

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4c22459e-be51-48f2-a142-b4bb00fb23d6/transcript

On this episode of Stock Movers:

- Tesla (TSLA) shares drop. Tesla rolled out its Cybercab for robotaxi service, advancing Elon Musk’s futuristic vision while drawing fresh scrutiny from US auto regulators. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards.

- Robinhood (HOOD) shares fall. AMC Entertainment Holdings Inc. boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain’s shares. Aron called the product “contemptible” and “outrageous”, claiming it could confuse investors about what they own, strip them of voting rights and limit firms’ fundraising capabilities.

- FICO (FICO) shares plunge. Shares of Fair Isaac Corp., Equifax Inc. and TransUnion fell after Federal Housing Finance Agency Director Bill Pulte criticized the costs of consumer credit scores. Pulte said the government is considering "bi-merge, and stronger solutions" and instructed mortgage-finance giants to "approve all lenders to use VantageScore", a rival to FICO.

On this episode of Stock Movers:
- Tesla (TSLA) shares drop. Tesla rolled out its Cybercab for robotaxi service, advancing Elon Musk&rsquo;s futuristic vision while drawing fresh scrutiny from US auto regulators. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards.
- Robinhood (HOOD) shares fall. AMC Entertainment Holdings Inc. boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain&rsquo;s shares. Aron called the product &ldquo;contemptible&rdquo; and &ldquo;outrageous&rdquo;, claiming it could confuse investors about what they own, strip them of voting rights and limit firms&rsquo; fundraising capabilities.
- FICO (FICO) shares plunge. Shares of Fair Isaac Corp., Equifax Inc. and TransUnion fell after Federal Housing Finance Agency Director Bill Pulte criticized the costs of consumer credit scores. Pulte said the government is considering "bi-merge, and stronger solutions" and instructed mortgage-finance giants to "approve all lenders to use VantageScore", a rival to FICO.

Tesla Drops, Robinhood Falls, FICO Plunges as Pulte Renews Criticism

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/91191e3a-6313-4f2d-8430-b4bb00ee66ae/transcript

Warner Brothers Discovery Rises, Qualcomm Gains, Starbucks Up After China Price Cuts

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