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