Estee Lauder Jumps 11% as Workday Gains 7% and Take-Two Rallies on GTA VI

3 articles · Updated · CNBC · May 22

Estee Lauder rose more than 11% after merger talks with Spain's Puig were terminated, removing investor concerns that a deal would complicate the company's turnaround.
Workday climbed over 7% after beating revenue and profit estimates, raising its full-year margin outlook and touting progress in its AI strategy under returning CEO Aneel Bhusri.
Take-Two Interactive added more than 3% after reaffirming Grand Theft Auto VI will launch in November, easing worries after repeated delays and a wait of more than a decade since the last GTA release.
The broader market was set to extend Thursday's gains, helped by lower bond yields even as oil edged higher on uncertainty over an Iran war peace deal.

With consumers cutting back, can the AI boom, built on trillion-dollar promises, continue to defy economic gravity?

With federal spending fueling a U.S. steel boom, can the industry build a fortress against global recession risks?

As every software company becomes an 'AI company,' who will ultimately win the battle for enterprise dominance?