Wall Street Breakfast Henkel adds shine with Olaplex
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Mar 26, 2026 A major beauty deal sparks big stock action as Henkel announces a cash acquisition. Airline merger chatter heats up with potential sale talks. A jury decision raises questions about tech platforms and youth addiction. Quick rundowns cover oil price scenarios, Iran transit fees, and a legal fight over China-related sales.
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Henkel To Buy Olaplex For $1.4B
- Henkel agreed to acquire Olaplex for $1.4 billion in an all-cash deal that values Olaplex at $2.06 per share.
- The offer is a ~55% premium to the March 25 close, Advent International has consented and will fully exit at closing, and Olaplex will be delisted but remain a standalone brand.
JetBlue Exploring Potential Sale To Rivals
- JetBlue shares jumped after a report it is evaluating a sale to rivals including United, Alaska, or Southwest with advisors tapped to assess Washington's view.
- The review is preliminary, no talks or offers were confirmed, and rivals' stocks rose on the news.
Jury Finds Meta And Google Liable For Addiction Claims
- A Los Angeles jury found Meta and Google liable for inducing addictive social media behavior in a woman who began using platforms as a child.
- The plaintiff received $3 million in compensatory damages with Meta to pay ~70% and Google the remainder; punitive damages are being considered.