WEBVTT - Oracle Higher on TikTok Talks; Hershey Double Upgrade; Webtoon-Disney

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie.

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<v Speaker 3>Good morning. We are seeing quite the move once again

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<v Speaker 3>in Oracle shares. This stock has been on quite the

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<v Speaker 3>run in the last few days.

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<v Speaker 1>Good morning, Good morning, Nathan, and adding to it this morning,

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<v Speaker 1>up another five percent in pre market trade, adding to

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<v Speaker 1>its three percent rally yesterday. Now, this story is not

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<v Speaker 1>about cloud earnings, but about a market expectation that Oracle

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<v Speaker 1>will be a key beneficiary of a US controlled TikTok.

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<v Speaker 1>CBS News reporting overnight that Oracle could be a key

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<v Speaker 1>player and could be among the group of firms that

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<v Speaker 1>will enable TikTok's operations in the US. But remember, Nathan,

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<v Speaker 1>and there's still a lot of unknowns about this US

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<v Speaker 1>China TikTok framework that was announced by Scott Bessant in

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<v Speaker 1>Madrid yesterday. We are aware that President Trump and President

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<v Speaker 1>she are going to be getting on the phone on

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<v Speaker 1>Friday to confirm the framework and then perhaps he'll they'll

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<v Speaker 1>tell the market what the framework actually is. But we

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<v Speaker 1>don't actually really know if the end of TikTok is

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<v Speaker 1>one of a US controlling the US division. But Oracle

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<v Speaker 1>regardless of that, on suspicion that it will be a

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<v Speaker 1>key beneficiary of a US controlled TikTok is rising five

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<v Speaker 1>percent again.

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<v Speaker 3>Also on the rise this morning shares of Hershey, and

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<v Speaker 3>I've tried so hard to resist saying it's sweet news

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<v Speaker 3>for the company, but well, there you go.

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<v Speaker 1>I'll say it's sweet news for Hershey up two point

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<v Speaker 1>four percent. Double upgrade from Goldman Sachs, citing improving market

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<v Speaker 1>trends and the fact that costs pressures from tariffs and

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<v Speaker 1>the rising price of Coco. Those are themes that are

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<v Speaker 1>well understood and already in the price. Goldman says that

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<v Speaker 1>they maintain a historically strong pricing power with iconic brands,

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<v Speaker 1>and recent announcements on price increases are expected to drive

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<v Speaker 1>outside earnings growth in the quarters to come.

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<v Speaker 3>And we also got earnings from daven Busters. No fund

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<v Speaker 3>for this stockfilm.

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<v Speaker 1>Stock is down over seventeen percent in pre market trade.

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<v Speaker 1>David Busters had a double earnings miss The adjusted EPs

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<v Speaker 1>was less than half of that of expectations. They also

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<v Speaker 1>missed on margins, citing lower operating profit at some of

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<v Speaker 1>its flag at ships stores. They're dealing with less foot

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<v Speaker 1>traffic and even when you get that foot traffic, less

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<v Speaker 1>spending entailed. So David busters down over seventeen percent on

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<v Speaker 1>the back of earnings.

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<v Speaker 3>Well, there's ideas for something to do and maybe weekends

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<v Speaker 3>to come. Tell me why webtune is on your radar.

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<v Speaker 3>We don't talk about the stock very much at all.

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<v Speaker 1>Really, this is a really interesting one. It's out comics.

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<v Speaker 1>Disney has taken a two percent stake in webtoo now.

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<v Speaker 1>Webtoon is a website platform to read comics. It's known

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<v Speaker 1>for its vertical scrolling format, it's tailored for smartphones, and essentially,

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<v Speaker 1>Disney wants to use the platform, which already has one

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<v Speaker 1>hundred and fifty five million daily active users. They want

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<v Speaker 1>to use webtoon in order to build an ambitious news

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<v Speaker 1>service to house all of Disney's comics, which would be

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<v Speaker 1>thirty five thousand comics in one place. Now. The investment

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<v Speaker 1>from Disney the two percent state comes a month after

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<v Speaker 1>the two companies have announced their intent to collaborate, but

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<v Speaker 1>Webtoon shares are up forty four percent off the back

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<v Speaker 1>of this investment from Disney. In pre market trade.

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