Estée Lauder and Puig End Merger Talks

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Bloomberg Intelligence hosted by Scarlet Fu and Isabelle Lee

-Deborah Aitken, Bloomberg Intelligence Luxury Goods Analyst, discusses Estée Lauder and Puig ending merger talks. Estée Lauder said it remains focused on its Beauty Reimagined strategy.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX’s IPO.
According to Bloomberg Intelligence: SpaceX dominates global spaceflight, but most missions support its own satellite-internet business rather than external customers, slowing launch-revenue growth in 2026 despite a $4.1 billion base in 2025.

-Liz Hart, President of Leasing for North America at Newmark, discusses the state of commercial real estate. Topics include economic uncertainty, consumer sentiment, and office space.

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