Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Six fifty five on Wall Street. Let's take a look
Speaker 1: at some stocks on the move today. I'm Nathan Hager,
Speaker 1: joined by Bloomberg Dan Curtis. Starting off with a stock
Speaker 1: on the move in a big way overseas. Dan, but
Speaker 1: this is being affected by action in the US. Tell
Speaker 1: us what's going on with Bayer this morning?
Speaker 3: Morning? Yeah, so Bear, the shares are up over eleven percent.
Speaker 3: As you mentioned, they trade over here in Europe in Germany.
Speaker 3: The Trump administration came out and has urged the US
Speaker 3: Supreme Court to take up buyer's appeal on a Missouri
Speaker 3: lawsuit blaming Roundup weed killer for causing cancer. The recommendation
Speaker 3: came from the US Listener General John Sowery, he oversees
Speaker 3: US for the administration, and Rothschild analyst says that this
Speaker 3: recommendation means that it's very likely the US Supreme Court
Speaker 3: will hear it. About seventy percent of challenges with this
Speaker 3: recommendation do get heard by the Supreme Court. That's less
Speaker 3: that's a lot more than the one percent or fewer
Speaker 3: of just the general appeals that people try to get
Speaker 3: the Supreme Court to hear. So this case kind of centers.
Speaker 3: This appeal centers around federal versus state rights and making
Speaker 3: this decision. But it's about a lawsuit that has played
Speaker 3: bear since at Botman Santo in twenty eighteen. It's focused
Speaker 3: on chemical used up in the weed killer roundup and
Speaker 3: the complaints that it did cause cancer. Again, this is
Speaker 3: just going to be, you know, push the needle towards
Speaker 3: potentially towards Buyer's favor for this appeal, and Buyer said,
Speaker 3: you know, it still has about six billion euros set
Speaker 3: aside for sixty seven thousand cases remaining around the chemical use.
Speaker 3: So more certainty and a little bit more clarity around
Speaker 3: what might happen down the lines legally for this lawsuit
Speaker 3: will will help investors kind of make that decision. So
Speaker 3: that's helping the stock pop over ten percent today.
Speaker 1: Well, we're waiting for some clarity and what's going to
Speaker 1: happen with Warner Brothers Discovery. We're hearing some of the
Speaker 1: potential takeover candidates have been sweetening their bids. Are investors
Speaker 1: putting a bid into Warners this morning.
Speaker 3: They are They are by about two percent higher, bringing
Speaker 3: the stock just shy of twenty five dollars a share.
Speaker 3: And as you mentioned, yeah, so there's three companies that
Speaker 3: are making a bid for Warner Brothers. Those are Netflix, Paramount,
Speaker 3: and Comcast. Netflix is said to have made a primarily
Speaker 3: cash offer for the firm. That's according to people familiar
Speaker 3: with matters, and it's going to help determine the future
Speaker 3: of Warner Brothers. So Comcast, Netflix, they're only interested in
Speaker 3: Warner Brothers studios. If they win, Warner Brothers will continue
Speaker 3: to spin off the cable channels. And again, this offer
Speaker 3: is binding, so as these bids come in, that means
Speaker 3: if Warner Brothers likes the sound of it, the deal
Speaker 3: could and they accept it, the deal could move forward
Speaker 3: pretty quickly. We're in round two of bidding. Waterer Brothers
Speaker 3: is said to want thirty dollars to share. Not sure
Speaker 3: exactly where all the bids came in because the details
Speaker 3: are still trickling out. There may be more rounds, but
Speaker 3: once Warterer Brothers sees a deal that it likes, if
Speaker 3: it does, the deal could move pretty quickly.
Speaker 1: Let's talk about the biggest top side mover this morning,
Speaker 1: Mango dB.
Speaker 2: Why is this stock spiking?
Speaker 3: Yeah, so Mango dB. It's a company that doesn't get
Speaker 3: a lot of general usage from the populations, used more
Speaker 3: by software engineers, but it's a document database company, and
Speaker 3: it has a very flexible structure, so it allows company
Speaker 3: other companies to plug in pretty easily into the document database.
Speaker 3: It reported six hundred and twenty eight million dollars of
Speaker 3: revenue in the third quarter of that topped estimates, and
Speaker 3: the company raised its projections for next year. So that's
Speaker 3: just popping up over twenty percent in pre market.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the late roundup of companies
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