1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: This Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,079 --> 00:00:19,600 Speaker 1: Six fifty five on Wall Street. Let's take a look 5 00:00:19,600 --> 00:00:21,560 Speaker 1: at some stocks on the move today. I'm Nathan Hager, 6 00:00:21,680 --> 00:00:24,560 Speaker 1: joined by Bloomberg Dan Curtis. Starting off with a stock 7 00:00:24,640 --> 00:00:27,520 Speaker 1: on the move in a big way overseas. Dan, but 8 00:00:27,680 --> 00:00:31,640 Speaker 1: this is being affected by action in the US. Tell 9 00:00:31,720 --> 00:00:33,760 Speaker 1: us what's going on with Bayer this morning? 10 00:00:33,960 --> 00:00:37,960 Speaker 3: Morning? Yeah, so Bear, the shares are up over eleven percent. 11 00:00:38,040 --> 00:00:40,800 Speaker 3: As you mentioned, they trade over here in Europe in Germany. 12 00:00:41,440 --> 00:00:43,920 Speaker 3: The Trump administration came out and has urged the US 13 00:00:43,960 --> 00:00:46,599 Speaker 3: Supreme Court to take up buyer's appeal on a Missouri 14 00:00:46,640 --> 00:00:51,320 Speaker 3: lawsuit blaming Roundup weed killer for causing cancer. The recommendation 15 00:00:51,440 --> 00:00:54,680 Speaker 3: came from the US Listener General John Sowery, he oversees 16 00:00:54,760 --> 00:00:58,240 Speaker 3: US for the administration, and Rothschild analyst says that this 17 00:00:58,320 --> 00:01:01,560 Speaker 3: recommendation means that it's very likely the US Supreme Court 18 00:01:01,600 --> 00:01:04,200 Speaker 3: will hear it. About seventy percent of challenges with this 19 00:01:04,319 --> 00:01:07,480 Speaker 3: recommendation do get heard by the Supreme Court. That's less 20 00:01:07,560 --> 00:01:10,840 Speaker 3: that's a lot more than the one percent or fewer 21 00:01:11,120 --> 00:01:13,479 Speaker 3: of just the general appeals that people try to get 22 00:01:13,800 --> 00:01:17,600 Speaker 3: the Supreme Court to hear. So this case kind of centers. 23 00:01:17,640 --> 00:01:21,199 Speaker 3: This appeal centers around federal versus state rights and making 24 00:01:21,240 --> 00:01:24,360 Speaker 3: this decision. But it's about a lawsuit that has played 25 00:01:24,480 --> 00:01:29,319 Speaker 3: bear since at Botman Santo in twenty eighteen. It's focused 26 00:01:29,360 --> 00:01:33,960 Speaker 3: on chemical used up in the weed killer roundup and 27 00:01:34,240 --> 00:01:38,120 Speaker 3: the complaints that it did cause cancer. Again, this is 28 00:01:38,200 --> 00:01:40,360 Speaker 3: just going to be, you know, push the needle towards 29 00:01:40,400 --> 00:01:44,800 Speaker 3: potentially towards Buyer's favor for this appeal, and Buyer said, 30 00:01:44,880 --> 00:01:48,000 Speaker 3: you know, it still has about six billion euros set 31 00:01:48,000 --> 00:01:52,320 Speaker 3: aside for sixty seven thousand cases remaining around the chemical use. 32 00:01:52,400 --> 00:01:54,720 Speaker 3: So more certainty and a little bit more clarity around 33 00:01:54,720 --> 00:01:58,120 Speaker 3: what might happen down the lines legally for this lawsuit 34 00:01:58,160 --> 00:02:00,640 Speaker 3: will will help investors kind of make that decision. So 35 00:02:00,960 --> 00:02:03,559 Speaker 3: that's helping the stock pop over ten percent today. 36 00:02:04,000 --> 00:02:05,720 Speaker 1: Well, we're waiting for some clarity and what's going to 37 00:02:05,760 --> 00:02:08,600 Speaker 1: happen with Warner Brothers Discovery. We're hearing some of the 38 00:02:08,960 --> 00:02:14,519 Speaker 1: potential takeover candidates have been sweetening their bids. Are investors 39 00:02:14,560 --> 00:02:16,560 Speaker 1: putting a bid into Warners this morning. 40 00:02:17,560 --> 00:02:21,320 Speaker 3: They are They are by about two percent higher, bringing 41 00:02:21,360 --> 00:02:23,640 Speaker 3: the stock just shy of twenty five dollars a share. 42 00:02:24,280 --> 00:02:27,000 Speaker 3: And as you mentioned, yeah, so there's three companies that 43 00:02:27,040 --> 00:02:30,320 Speaker 3: are making a bid for Warner Brothers. Those are Netflix, Paramount, 44 00:02:30,360 --> 00:02:33,880 Speaker 3: and Comcast. Netflix is said to have made a primarily 45 00:02:33,960 --> 00:02:37,200 Speaker 3: cash offer for the firm. That's according to people familiar 46 00:02:37,240 --> 00:02:40,200 Speaker 3: with matters, and it's going to help determine the future 47 00:02:40,200 --> 00:02:43,560 Speaker 3: of Warner Brothers. So Comcast, Netflix, they're only interested in 48 00:02:43,639 --> 00:02:46,800 Speaker 3: Warner Brothers studios. If they win, Warner Brothers will continue 49 00:02:46,840 --> 00:02:50,920 Speaker 3: to spin off the cable channels. And again, this offer 50 00:02:51,080 --> 00:02:54,040 Speaker 3: is binding, so as these bids come in, that means 51 00:02:54,360 --> 00:02:56,440 Speaker 3: if Warner Brothers likes the sound of it, the deal 52 00:02:56,520 --> 00:02:59,000 Speaker 3: could and they accept it, the deal could move forward 53 00:02:59,000 --> 00:03:02,480 Speaker 3: pretty quickly. We're in round two of bidding. Waterer Brothers 54 00:03:02,520 --> 00:03:05,240 Speaker 3: is said to want thirty dollars to share. Not sure 55 00:03:05,280 --> 00:03:07,480 Speaker 3: exactly where all the bids came in because the details 56 00:03:07,480 --> 00:03:10,160 Speaker 3: are still trickling out. There may be more rounds, but 57 00:03:10,240 --> 00:03:12,960 Speaker 3: once Warterer Brothers sees a deal that it likes, if 58 00:03:12,960 --> 00:03:15,400 Speaker 3: it does, the deal could move pretty quickly. 59 00:03:15,760 --> 00:03:18,160 Speaker 1: Let's talk about the biggest top side mover this morning, 60 00:03:18,360 --> 00:03:19,480 Speaker 1: Mango dB. 61 00:03:19,800 --> 00:03:21,360 Speaker 2: Why is this stock spiking? 62 00:03:22,160 --> 00:03:25,919 Speaker 3: Yeah, so Mango dB. It's a company that doesn't get 63 00:03:25,960 --> 00:03:29,799 Speaker 3: a lot of general usage from the populations, used more 64 00:03:29,840 --> 00:03:33,800 Speaker 3: by software engineers, but it's a document database company, and 65 00:03:33,840 --> 00:03:36,440 Speaker 3: it has a very flexible structure, so it allows company 66 00:03:36,560 --> 00:03:41,400 Speaker 3: other companies to plug in pretty easily into the document database. 67 00:03:41,680 --> 00:03:44,000 Speaker 3: It reported six hundred and twenty eight million dollars of 68 00:03:44,040 --> 00:03:46,680 Speaker 3: revenue in the third quarter of that topped estimates, and 69 00:03:46,720 --> 00:03:51,080 Speaker 3: the company raised its projections for next year. So that's 70 00:03:51,200 --> 00:03:53,839 Speaker 3: just popping up over twenty percent in pre market. 71 00:03:54,520 --> 00:03:58,560 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 72 00:03:58,640 --> 00:04:01,200 Speaker 2: us throughout the day for the late roundup of companies 73 00:04:01,280 --> 00:04:04,400 Speaker 2: making news on Wall Street and for the latest market 74 00:04:04,400 --> 00:04:08,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 75 00:04:08,960 --> 00:04:12,480 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 76 00:04:12,520 --> 00:04:14,000 Speaker 2: the Bloomberg Business app.