1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,520 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:18,439 Speaker 3: All right, we want to look now at some of 5 00:00:18,480 --> 00:00:23,599 Speaker 3: the stocks on the move. We're joined by Bloomberg's Christine Aquino. Now, Christine, 6 00:00:23,640 --> 00:00:25,440 Speaker 3: I want to start with AT and T because they 7 00:00:25,440 --> 00:00:26,880 Speaker 3: had some big news out this morning. 8 00:00:27,000 --> 00:00:29,600 Speaker 1: Absolutely, Lisa, a little bit of m and a light 9 00:00:29,680 --> 00:00:31,760 Speaker 1: action today for AT and T. So, yeah, AT and 10 00:00:31,800 --> 00:00:35,480 Speaker 1: T ticker T in those shares just up slightly below 11 00:00:35,479 --> 00:00:37,159 Speaker 1: four tens a one percent at the moment of zero 12 00:00:37,200 --> 00:00:40,320 Speaker 1: point thirty seven percent, so pairing some opening gains there. 13 00:00:40,320 --> 00:00:42,600 Speaker 1: But yes, we did get the news that it will 14 00:00:42,640 --> 00:00:47,040 Speaker 1: buy spectrum licenses from EchoStar for about twenty three billion dollars. 15 00:00:47,240 --> 00:00:49,919 Speaker 1: And according to AT and T, that acquisition will strengthen 16 00:00:49,920 --> 00:00:53,440 Speaker 1: the company's ability to deliver five G and fiber services 17 00:00:53,479 --> 00:00:57,080 Speaker 1: across the US. Now, remember Bloomberg actually reported in July 18 00:00:57,560 --> 00:01:00,440 Speaker 1: that federal regulators were looking at Ecostar and they were 19 00:01:00,480 --> 00:01:03,880 Speaker 1: pushing that company to sell some of its airwaves because 20 00:01:03,880 --> 00:01:06,200 Speaker 1: they were concerned that it had failed to put valuable 21 00:01:06,200 --> 00:01:09,120 Speaker 1: slices of wireless spectrum to use, and so this deal 22 00:01:09,160 --> 00:01:11,120 Speaker 1: with AT and T looks to be a bit of 23 00:01:11,120 --> 00:01:14,200 Speaker 1: a result from that reporting from Bloomberg earlier. 24 00:01:14,760 --> 00:01:18,319 Speaker 3: All right, you've got a little Eli Lilly action. Yeah, 25 00:01:18,480 --> 00:01:21,720 Speaker 3: I news on their experimental obesity pill looks pretty good 26 00:01:21,720 --> 00:01:22,760 Speaker 3: in a second trial. 27 00:01:22,640 --> 00:01:27,400 Speaker 1: Absolutely, Alexis. So yeah, Lily ticker llly shares are more 28 00:01:27,400 --> 00:01:31,360 Speaker 1: than three percent at the moment. It's exactly what you said, Alexis. 29 00:01:31,480 --> 00:01:34,800 Speaker 1: It has this experimental obesity pill just went through a 30 00:01:34,840 --> 00:01:39,000 Speaker 1: second trial and that had more promising results than the first. 31 00:01:39,040 --> 00:01:41,760 Speaker 1: So for this particular trial, it helped patients lose nine 32 00:01:41,760 --> 00:01:44,560 Speaker 1: point six percent of their body weight. The first one 33 00:01:44,600 --> 00:01:47,840 Speaker 1: was a little disappointed because investors were expecting higher numbers 34 00:01:48,000 --> 00:01:51,440 Speaker 1: in terms of weight loss and side effects as well. 35 00:01:52,000 --> 00:01:54,840 Speaker 1: But the data does put the company on track for 36 00:01:55,320 --> 00:01:58,080 Speaker 1: filing for regulatory approval by the end of this year, 37 00:01:58,400 --> 00:02:01,559 Speaker 1: and then, if approved, that drug could hit pharmacy shelf 38 00:02:01,640 --> 00:02:02,960 Speaker 1: sometime in twenty twenty six. 39 00:02:03,240 --> 00:02:05,800 Speaker 3: All right, we want to talk super computers. Okay, maybe 40 00:02:05,880 --> 00:02:09,520 Speaker 3: quantum computers. This is all beyond my scof hears. This 41 00:02:09,639 --> 00:02:11,600 Speaker 3: is AMD and also IBM two. 42 00:02:11,800 --> 00:02:16,600 Speaker 1: That's right, lisayah am d ticker AMD shares our one 43 00:02:16,600 --> 00:02:18,400 Speaker 1: point eight percent at the moment is a bit of 44 00:02:18,440 --> 00:02:21,000 Speaker 1: a mouthful, but yes, bear with me. So the news 45 00:02:21,080 --> 00:02:24,040 Speaker 1: is that the company is planning to partner with IBM. 46 00:02:24,120 --> 00:02:28,040 Speaker 1: They're going to develop next generation computer architectures based on 47 00:02:28,080 --> 00:02:32,160 Speaker 1: the combination of quantum computers and high performance computing, also 48 00:02:32,200 --> 00:02:36,280 Speaker 1: known as quantum centric supercomputing. Boy, that's a mouthful, isn't it. Yes, 49 00:02:36,360 --> 00:02:38,919 Speaker 1: I stumbled on it a number of times today. It's 50 00:02:38,960 --> 00:02:42,160 Speaker 1: really advanced stuff, but investors seem to be liking it. 51 00:02:42,240 --> 00:02:45,320 Speaker 1: But yes, the teams from both companies they're planning an 52 00:02:45,360 --> 00:02:49,280 Speaker 1: initial demonstration later this year, and you know, it's landing 53 00:02:49,320 --> 00:02:52,040 Speaker 1: well with analysts. We have analysts from true As saying 54 00:02:52,480 --> 00:02:55,440 Speaker 1: that what they've upgraded MD for starters to buy from 55 00:02:55,520 --> 00:02:58,079 Speaker 1: hold also raising de price target to two hundred and 56 00:02:58,160 --> 00:03:01,720 Speaker 1: thirteen from one to seventy three per share previously and 57 00:03:01,840 --> 00:03:04,800 Speaker 1: for reference, right now, shares of MD standing at one 58 00:03:04,880 --> 00:03:06,840 Speaker 1: hundred and sixty six dollars, so quite a bit of 59 00:03:06,880 --> 00:03:10,000 Speaker 1: a premium there. So that's a nice upgrade for them. 60 00:03:10,080 --> 00:03:14,120 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 61 00:03:14,200 --> 00:03:16,760 Speaker 2: us throughout the day for the latest roundup of companies 62 00:03:16,840 --> 00:03:19,960 Speaker 2: making news on Wall Street, and for the latest market 63 00:03:19,960 --> 00:03:24,440 Speaker 2: moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, 64 00:03:24,520 --> 00:03:28,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 65 00:03:28,080 --> 00:03:29,600 Speaker 2: the Bloomberg Business App.