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Instead of attributing its disappointing Q1 earnings to the wider economic climate, gambling giant Flutter has an ace up its sleeve: blame the customers. CEO Peter Jackson circled out "customer-friendly" results in this year's NCAA March Madness tournament — where the Final Four teams were all No. 1 seeds — to explain why the FanDuel parent company missed expectations. Trade optimism fueled another day of gains for US stocks as President Donald Trump trumpeted a trade deal with the UK and raised the prospect of lower tariffs on China. The S&P 500 rose 0.6%, the Nasdaq 100 rose 1%, and the Russell 2000 led the way with a 1.9% advance. It was a clear risk-on day: industrials, materials, and energy were the best-performing S&P 500 sector ETFs, while defensive sectors real estate, utilities, consumer staples, and healthcare all fell. ❓ Test your knowledge on our recent stories with the Snacks Seven Quiz. Here's the first Q: |
- How much did each college football player who agreed to appear in "College Football 25" get paid for their likeness?
Check your answer.
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The hottest trend in media? Cleaving your massive entertainment conglomerate in twain, ejecting the value-producing yet declining elements like cable networks, and holding on to the growth businesses like streaming, parks, and intellectual property. Right now, Comcast is doing just that, bundling up its cable networks like MSNBC, CNBC, USA, E!, and sites like Fandango into a package that just this week was dubbed "Versant," with the intention of spinning it off. The hope for Comcast is that this is a win-win: shareholders can get more clarity on what precisely each company is offering, the mothership doesn't have to worry about investor fury over declining cable subscriptions, while the SpinCo can focus on wringing every dollar out of the dwindling yet still shockingly profitable cable business. How do we know it's a solid plan? This week we learned it seems to be contagious. |
- Warner Bros. Discovery shares popped after a report that the company is also considering splitting its traditional cable business off its streaming platform business.
- Max and Discovery+ added 5.4 million new subscribers, beating forecasts and outrunning rivals at Disney+, and the movie studio is riding high on "A Minecraft Movie" and "Sinners" outperforming. Meanwhile, the cable business continues to bleed out.
- For years, Disney brass has been weighing similar questions about the company's relationship with cable flagship ESPN and its ABC television business. CEO Bob Iger allayed concerns last year about a sale, but hey, if this breaks the right way for Comcast, who knows?
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We've spent the past two decades with entertainment conglomerates going bigger, wider, and deeper, attempting to own the business nose to tail. What the positive reception to this split may indicate is that a company that tries to be everything at once risks being too confusing to value appropriately, and it might just be better for shareholders to make the whole ecosystem a little more digestible. |
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Future Cardia, A Stanford StartX Accelerated Company, Raises $14M from Investors to Disrupt the $8B Cardiac Monitor Market |
Meet Future Cardia, a bold and scrappy innovator redefining implantable cardiac monitoring — taking on billion-dollar giants in the cardiac monitoring market worth $8B.1 How's it going?
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✅ 39 successful human implants — evidencing its breakthrough technology in real-world patients. ✅ Recently completed clinical testing in the EU ✅ 60,000+ hours of real-world cardiac data collected — delivering exceptional insights for early disease detection. ✅ Accelerated by Stanford StartX and Incubated by Johnson & Johnson's JLABS |
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Yesterday, before the naming of a new pope took the spotlight, all eyes were on the Oval Office to see what exactly Trump's "major trade deal" with the UK would entail. In the press conference, the president, Secretary of Commerce Howard Lutnick, and others outlined some major aspects of the deal, including teasing an order from the UK for $10 billion worth of Boeing planes. So, what was actually decided? |
- The US is set to remove tariffs on British aluminum and steel, while the tariff rate charged on cars will fall from 27.5% to 10% for up to 100,000 vehicles from the UK.
- In return, the UK will "remove the tariff on ethanol — which is used to produce beer — coming into the UK from the US, down to zero."
- And US beef farmers may find greener pastures selling to the UK in future, thanks to a "new reciprocal market access on beef," per a British government press release.
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However, many of the finer points have yet to be ironed out, with Trump saying that "final details are being written up in the coming weeks." What does the US actually import from the UK? Take a look. |
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With the US dollar slipping 9% against the pound since January, buying British from the United States is already looking a little more expensive, as our chart shows. That said, the markets absolutely loved the news that we shook hands with our friends across the pond. Bitcoin celebrated by breaking the $100,000 mark for the first time since February, and after so much uncertainty from Trump's tariffs, it was a welcome sign to see a trade deal (mostly) settled. |
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" I'm a little bit surprised that this pattern shows up in the data and so clearly and persistently even after we throw all demographic controls that we can think of at it," one of the report's authors told Sherwood News. See where your state falls. |
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Creating the life you're envisioning starts today |
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Yesterday's Big Daily Movers |
- Palantir rose after Citi upgraded its price target, even as it warned the shares are priced for "beyond perfection"
- Coinbase surged after a $2.9 billion deal for the biggest bitcoin options platform was announced, but fell after-hours following its earnings report
- Axon rocketed 14%, riding in the afterglow of stellar earnings and a rave review from equity analysts at Morgan Stanley
- Crocs rose nearly 10% after kicking up strong Q1 results
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- Earnings expected from Plug Power
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Advertiser's disclosures:
1 The Cardiac Monitoring Market was valued at $8.24 billion in 2024. See the article at Business Wire for more information. This product is not yet available for purchase and requires review and clearance before being marketed or sold. 2 Please read the offering circular and related risks here. This is a paid advertisement for Future Cardia's Regulation CF Offering. This Reg CF offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. 3 Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.ssga.com. Read it carefully. Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent). |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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