e.l.f. Beauty, Inc. (ELF) soared 22.95 percent to $111.27 on Thursday after announcing a deal to acquire Hailey Bieber's skincare brand, Rhode, for up to $1 billion. The acquisition marks a major expansion for the cosmetics company into the celebrity-backed skincare segment. The stock opened at $108.87 and reached a high of $120.81 during the session on the New York Stock Exchange. Volume surged to 11.8 million shares, well above the average daily volume of 2.6 million. e.l.f. shares have ranged between $49.40 and $219.77 over the past 52 weeks.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.