Bloomberg Podcasts · Alibaba Shares Rises; Macys Shares Up; Snap Shares Tumble | Stock Movers

1. 1. Alibaba is selling its gaming arm to Trustar Capital for over $1.5 billion to pivot to artificial intelligence.
2. 2. Alibaba released its biggest-ever AI model this month, claiming performance on par with Anthropic.
3. 3. Berkshire Hathaway more than doubled its stake in Macy's to 7 million shares, its first investment in a public department store in 60 years.
4. 4. Berkshire Hathaway also added to its stakes in Alphabet, Delta, New York Times, and LAR the home.
5. 5. Snap's stock is down about 5% pre-market, breaking a win streak, despite a strong month with an 11% gain.
6. 6. A landmark court ruling found social media platforms like Snap liable for addictive and deceptive content targeting young people.