1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,960 --> 00:00:21,560 Speaker 2: Joining us today to Stock Movers John Tucker Here, it's 5 00:00:21,560 --> 00:00:25,639 Speaker 2: a podcast. Good morning John. Yes, it is Apple losing 6 00:00:25,720 --> 00:00:29,520 Speaker 2: more talent. The number two guy there is leaving. He's 7 00:00:29,560 --> 00:00:34,159 Speaker 2: the chief operating officer, Jeff Williams, retiring. Sixty two year 8 00:00:34,159 --> 00:00:38,800 Speaker 2: old Williams once considered a possible successor to the CEO, 9 00:00:38,920 --> 00:00:42,480 Speaker 2: Tim Cook. So somebody by the name of Sabik Khan 10 00:00:42,640 --> 00:00:46,040 Speaker 2: is going to replace Williams as CEO, while the Apple 11 00:00:46,200 --> 00:00:48,960 Speaker 2: chief Design team is going to shift to reporting directly 12 00:00:49,320 --> 00:00:52,320 Speaker 2: to Tim Cook. Now. At Apple, Williams was known for 13 00:00:52,400 --> 00:00:55,280 Speaker 2: crafting the supply chain. It could handle hundreds of millions 14 00:00:55,280 --> 00:00:58,720 Speaker 2: of devices a year and source components from thousands of 15 00:00:58,760 --> 00:01:02,400 Speaker 2: suppliers around the world, a pretty complex job. This marks 16 00:01:02,480 --> 00:01:06,760 Speaker 2: a major changing of the guard at an already pretty 17 00:01:06,760 --> 00:01:10,480 Speaker 2: tumultuous time for Thereemaker. Well, yeah, yesterday we told you 18 00:01:10,480 --> 00:01:15,120 Speaker 2: about the exit of Roaming Pang, an engineer and the 19 00:01:15,160 --> 00:01:17,960 Speaker 2: manager in charge of the Apple Foundation models team. He's 20 00:01:18,000 --> 00:01:21,039 Speaker 2: headed to Meta and Facebook also want to bring. There 21 00:01:21,080 --> 00:01:24,640 Speaker 2: was an interview with Peter Navarro, the trade guy on 22 00:01:24,760 --> 00:01:30,200 Speaker 2: Fox and he said Apple quote thinks it's too big 23 00:01:30,400 --> 00:01:33,040 Speaker 2: to tariff. So that's another concern. 24 00:01:33,280 --> 00:01:35,640 Speaker 1: Knocked down sixteen percent this year today. 25 00:01:35,800 --> 00:01:38,839 Speaker 2: Yeah, throw into the mix there, it's very own AI. 26 00:01:39,560 --> 00:01:41,120 Speaker 2: Let's move on to the next one of the Department 27 00:01:41,160 --> 00:01:45,840 Speaker 2: of Justice, the Criminal Healthcare Fraud Unit intensifying its investigation 28 00:01:45,959 --> 00:01:50,360 Speaker 2: into United Health Group the medicare billing practices there, and 29 00:01:50,400 --> 00:01:54,400 Speaker 2: they're focusing on how it leveraged doctors and nurses to 30 00:01:54,520 --> 00:01:58,880 Speaker 2: boost government payments to the company. This pro began at 31 00:01:59,000 --> 00:02:01,960 Speaker 2: least a year ago, is now drawing fresh scrutiny. Former 32 00:02:02,040 --> 00:02:05,320 Speaker 2: employees are now speaking with federal investigators. This according to 33 00:02:05,320 --> 00:02:08,760 Speaker 2: the Wall Street Journal. They're reporting the former United Health 34 00:02:08,760 --> 00:02:13,080 Speaker 2: employees told investigators the company encouraged the capture of certain 35 00:02:13,960 --> 00:02:20,760 Speaker 2: lucrative diagnoses during patient assessments. And finally, what happened to 36 00:02:20,800 --> 00:02:25,000 Speaker 2: the smart classes that Google? Yeah, exactly, Well, it's all 37 00:02:25,040 --> 00:02:28,800 Speaker 2: making a comeback this time Meta Platforms. They have bought 38 00:02:28,840 --> 00:02:33,720 Speaker 2: a minority stake in the world's largest eyewear manufacturer SLR Laxotica. 39 00:02:34,160 --> 00:02:37,080 Speaker 2: This is all about smart classes, Meta acquiring just under 40 00:02:37,120 --> 00:02:39,680 Speaker 2: three percent of the ray band maker. It's a stake 41 00:02:39,720 --> 00:02:42,160 Speaker 2: worth about three and a half billion dollars. Meta is 42 00:02:42,200 --> 00:02:45,200 Speaker 2: considering further investment that could build the stake to around 43 00:02:45,200 --> 00:02:48,960 Speaker 2: five percent over time. The two companies have worked together 44 00:02:49,000 --> 00:02:52,040 Speaker 2: for a few years that develop AI powered smart classes. 45 00:02:52,520 --> 00:02:57,520 Speaker 2: Meta is currently selling the image capturing real time stock 46 00:02:57,600 --> 00:03:01,160 Speaker 2: prices all that stuff into their ray band glasses, which 47 00:03:01,160 --> 00:03:04,320 Speaker 2: are pretty smart looking. I think, is there any indication 48 00:03:04,760 --> 00:03:05,519 Speaker 2: this is gonna work? 49 00:03:07,360 --> 00:03:09,480 Speaker 1: I don't Yeah, I don't know. 50 00:03:09,720 --> 00:03:11,799 Speaker 2: I want to get the Bloomberg terminal on my ray 51 00:03:11,880 --> 00:03:15,480 Speaker 2: vans so I don't have to look at the screen anymore. Exactly. 52 00:03:15,680 --> 00:03:19,280 Speaker 2: I can see quotes just staring at you. I don't know. 53 00:03:19,600 --> 00:03:23,800 Speaker 2: I just I mean, I'm very uncomfortable with the concept 54 00:03:23,840 --> 00:03:25,840 Speaker 2: of somebody looking at me and recording me. 55 00:03:27,000 --> 00:03:31,120 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 56 00:03:31,200 --> 00:03:33,959 Speaker 1: us throughout the day for the latest roundup of companies 57 00:03:34,000 --> 00:03:37,080 Speaker 1: making news on Wall Street and for the latest market 58 00:03:37,080 --> 00:03:41,480 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 59 00:03:41,520 --> 00:03:44,760 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 60 00:03:44,840 --> 00:03:46,280 Speaker 1: the Bloomberg Business app.