1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,400 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,440 --> 00:00:18,759 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,000 --> 00:00:22,639 Speaker 2: I'm Tim Keen with Paul Sweeni and Bloomberg's Lisa Matteo 6 00:00:23,120 --> 00:00:25,640 Speaker 2: Stock Movers Today. 7 00:00:26,040 --> 00:00:28,520 Speaker 3: There are there are Okay, so we talked about it earlier, 8 00:00:28,720 --> 00:00:32,280 Speaker 3: weight loss drug start up, Met Sarah, that's secret MTSR. 9 00:00:32,760 --> 00:00:34,960 Speaker 3: Their shares have been taking a hit down fifteen percent. 10 00:00:35,080 --> 00:00:37,440 Speaker 3: The basic thing is that the bidding war between Novo, 11 00:00:37,560 --> 00:00:41,400 Speaker 3: Nordis and Pfizer it's ended, right, so FI Novo decided, 12 00:00:41,440 --> 00:00:43,320 Speaker 3: you know what, we're not going to raise our offer again. 13 00:00:43,960 --> 00:00:46,600 Speaker 3: Another reason Novo stepped decide is because Met Sarah said, 14 00:00:46,600 --> 00:00:49,000 Speaker 3: I got a call from the FTC that flagged potential 15 00:00:49,120 --> 00:00:53,199 Speaker 3: regulatory risks with the structure of the deal. So that 16 00:00:53,440 --> 00:00:55,920 Speaker 3: was kind of a little bit of a warning that happened. Yeah, 17 00:00:56,080 --> 00:00:59,600 Speaker 3: So that kind of like a warning like, hey, if 18 00:00:59,640 --> 00:01:02,560 Speaker 3: you go this way, this might happen. So they made 19 00:01:02,600 --> 00:01:05,440 Speaker 3: an offer from my Met Sarah in October. Novo did, 20 00:01:05,720 --> 00:01:07,679 Speaker 3: and they've been trying to keep up with Ilili Lilly. 21 00:01:07,720 --> 00:01:09,399 Speaker 3: I mean, there was so much going on this space. 22 00:01:09,520 --> 00:01:12,919 Speaker 3: Pfizer wants to get into the obesity business. So fireser 23 00:01:13,040 --> 00:01:14,440 Speaker 3: going to met Sarah. 24 00:01:16,080 --> 00:01:19,040 Speaker 2: This is off my foundational research source Saturday Night Live. 25 00:01:19,560 --> 00:01:22,480 Speaker 2: But the answer is when they had the fainting episode 26 00:01:22,520 --> 00:01:26,960 Speaker 2: in the Oval office that was about Lily and you 27 00:01:27,040 --> 00:01:28,280 Speaker 2: know obesity. 28 00:01:27,880 --> 00:01:30,960 Speaker 4: Drugs in that, I didn't see the President's involved in this. 29 00:01:31,319 --> 00:01:33,320 Speaker 3: I mean he wants to lower the cost, he wants 30 00:01:33,319 --> 00:01:33,840 Speaker 3: to lower. 31 00:01:33,720 --> 00:01:35,680 Speaker 2: The car He's actively involved in this. 32 00:01:35,800 --> 00:01:37,680 Speaker 4: Yeah, I just think the whole story here is just 33 00:01:37,720 --> 00:01:41,400 Speaker 4: gonna be lower costs, greater availability in oral form as 34 00:01:41,400 --> 00:01:43,800 Speaker 4: opposed to the injections. So it's going to be I 35 00:01:43,840 --> 00:01:45,680 Speaker 4: would sink in a year or two of now, it's 36 00:01:45,720 --> 00:01:49,400 Speaker 4: gonna be much more widely available to see next insta car, 37 00:01:49,760 --> 00:01:50,480 Speaker 4: c a art. 38 00:01:51,000 --> 00:01:54,840 Speaker 3: It been as up as much as eight percent publicly 39 00:01:54,880 --> 00:01:56,600 Speaker 3: trades as maple Bear. If you're looking at it, it 40 00:01:56,640 --> 00:02:00,480 Speaker 3: says maple Bear better than expected growth in the orders 41 00:02:00,520 --> 00:02:03,400 Speaker 3: provided upbeat earnings, but it just showed this strong demand 42 00:02:03,480 --> 00:02:09,280 Speaker 3: for grocery restaurant delivery services are still strong. Uber DoorDash 43 00:02:09,360 --> 00:02:10,960 Speaker 3: we kind of heard the same story from them last 44 00:02:10,960 --> 00:02:13,720 Speaker 3: week because they're expanding beyond restaurants and getting into that 45 00:02:13,880 --> 00:02:17,440 Speaker 3: grocery category. But the interesting thing is it's not just 46 00:02:17,560 --> 00:02:20,120 Speaker 3: its delivery. The company made about twenty nine percent of 47 00:02:20,160 --> 00:02:24,600 Speaker 3: its revenue from non delivery transactions. That's like grocery technologies 48 00:02:24,680 --> 00:02:29,079 Speaker 3: to additions, advertising sales. Those are some big ways that 49 00:02:29,120 --> 00:02:32,480 Speaker 3: they're making money. Last week they invented introduced this new 50 00:02:32,520 --> 00:02:35,280 Speaker 3: tool for grocers. It's like an AI powered assistants that 51 00:02:35,400 --> 00:02:37,880 Speaker 3: can help you decide what you should buy. 52 00:02:38,280 --> 00:02:41,079 Speaker 2: I'm addicted to this. The most amazing thing is the 53 00:02:41,120 --> 00:02:43,720 Speaker 2: eggs show up unbroken. I don't know how they did. 54 00:02:44,080 --> 00:02:46,600 Speaker 2: And I just don't know, you know, with all the 55 00:02:46,919 --> 00:02:50,560 Speaker 2: you know, the boxes coming crushed and Amazon and all that, 56 00:02:51,000 --> 00:02:52,480 Speaker 2: and the eggs show up unbroken. 57 00:02:52,639 --> 00:02:53,400 Speaker 1: It is great. 58 00:02:53,560 --> 00:02:55,640 Speaker 3: Thanks for I know my sister does it. She just doesn't. 59 00:02:55,760 --> 00:02:57,560 Speaker 3: She doesn't trust them to do the produce picking. But 60 00:02:57,680 --> 00:03:01,040 Speaker 3: that's okay, Tyson Foods. We'll go to TSN TIKE or 61 00:03:01,080 --> 00:03:04,480 Speaker 3: TSN there shows about up much as fifteen percent. Results 62 00:03:04,520 --> 00:03:05,840 Speaker 3: of the next year. They expect it to be a 63 00:03:05,880 --> 00:03:07,880 Speaker 3: little changed. So if you want the breakdown, so the 64 00:03:08,000 --> 00:03:10,760 Speaker 3: beef segment that's going to see an adjusted operating loss 65 00:03:10,760 --> 00:03:13,079 Speaker 3: of four hundred million to six hundred million next year. 66 00:03:13,440 --> 00:03:14,840 Speaker 3: This year, to give you an idea, it was about 67 00:03:14,840 --> 00:03:17,200 Speaker 3: four hundred and twenty six million. That was a loss. 68 00:03:17,880 --> 00:03:21,160 Speaker 3: Cattle shortage, Yeah, driving up the prices. You remember President Trump, 69 00:03:21,360 --> 00:03:24,000 Speaker 3: I can you're making more cattles. They're getting to it. 70 00:03:24,080 --> 00:03:25,880 Speaker 3: They actually said that the US cattle herd is going 71 00:03:25,960 --> 00:03:28,800 Speaker 3: to be get rebuilding next year. Okay, but they won't 72 00:03:28,919 --> 00:03:31,680 Speaker 3: see the benefit before twenty twenty eight. So yes, they 73 00:03:31,720 --> 00:03:34,240 Speaker 3: have to make them, but then they have to grow. Okay, 74 00:03:34,760 --> 00:03:38,960 Speaker 3: they have to grow. What's helping usset the losses is chicken. 75 00:03:39,240 --> 00:03:43,240 Speaker 3: Chicken their second largest revenue portion, higher demands, some more 76 00:03:43,240 --> 00:03:46,040 Speaker 3: people asking for chicken, so that kind of offset the 77 00:03:46,120 --> 00:03:47,280 Speaker 3: beef issues that they're having. 78 00:03:48,360 --> 00:03:52,320 Speaker 1: The Stock Movers report from Bloomberg Radio. 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