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On this episode of Stock Movers:
Unity Software (U) rose on a strong earnings forecast and news that it plans to sell its video-game publisher and close its advertising unit to focus on better business.
Absolut owner Pernod-Ricard (RI FP) and Jack Daniel’s maker Brown-Forman (BF/B) both rose on the news of a potential merger between France’s largest alcohol producer and a top producer of American whisky.
The companies are describing it as a ‘merger of equals.’ (Source: Bloomberg)