Estée Lauder (EL) shares are on the move after the company said it is expecting sales and earnings in 2025 to be weaker than analysts had been expecting. The beauty giant also announced that CEO Fabrizio Freda will be retiring at the end of fiscal 2025.

Morning Brief co-hosts Seana Smith and Brad Smith delve into the details, discussing how this leadership change has bolstered investor confidence in a potential turnaround at the company.

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This post was written by Angel Smith