Hasbro stock soars as CEO says Trump tariffs are manageable but unwelcome

News Snapshot:

No toying around in the market for Hasbro (HAS) shares on Thursday. Shares of the toymaker exploded 11% after the company smashed through fourth quarter profit estimates and offered upbeat longer-term guidance. The Street gave Hasbro high marks for aggressive cost-cutting, which has more room to go — CEO Chris Cocks told me on Yahoo Finance the company aims to slash $1 billion in costs by 2027. Its previous goal was $750 million. Cocks said the toy industry has bottomed out after a few challenging years. "The toy category has been down, kind of like low single-digit percentage [drop] per...