1 00:00:02,520 --> 00:00:08,640 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,640 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,640 --> 00:00:22,960 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. On a 6 00:00:22,960 --> 00:00:26,600 Speaker 1: pretty historic morning. To some extent, Dan, we have word 7 00:00:26,880 --> 00:00:30,560 Speaker 1: that a weight loss pill is finally going to be 8 00:00:30,640 --> 00:00:33,920 Speaker 1: sold in the US very soon, and that is having 9 00:00:33,960 --> 00:00:37,600 Speaker 1: a big impact on Nova Nordisk stock this morning. Good morning, 10 00:00:38,159 --> 00:00:38,720 Speaker 1: Good morning. 11 00:00:38,760 --> 00:00:41,320 Speaker 3: That's right. Seven percent, because I don't want the listeners 12 00:00:41,360 --> 00:00:43,800 Speaker 3: to be in suspense. That's how ke shares are up, 13 00:00:43,800 --> 00:00:47,279 Speaker 3: because there's a great tease. Seven percent. That's how much 14 00:00:47,280 --> 00:00:49,640 Speaker 3: the shares of Novo Nordisk are are up. After that 15 00:00:49,680 --> 00:00:52,440 Speaker 3: approval to sell the pill version of its blockbuster BSTI 16 00:00:52,520 --> 00:00:56,040 Speaker 3: shot week GOVI. So the approval starts now. People will 17 00:00:56,040 --> 00:00:58,760 Speaker 3: be eating plenty at Christmas because the pill won't go 18 00:00:58,840 --> 00:01:01,320 Speaker 3: in until early January, just in time for those New 19 00:01:01,400 --> 00:01:05,280 Speaker 3: Year's resolutions. The company says it'll cost about one hundred 20 00:01:05,280 --> 00:01:08,120 Speaker 3: and fifty dollars a month for customers who pay in cash, 21 00:01:08,160 --> 00:01:10,280 Speaker 3: and the big part of this announcement is that they 22 00:01:10,280 --> 00:01:12,880 Speaker 3: are getting a head start over their major competitor in 23 00:01:12,880 --> 00:01:17,880 Speaker 3: the space, Eli Lilly Eli Lilly, whose injectable version has 24 00:01:17,920 --> 00:01:20,840 Speaker 3: been doing very well and letting Eli Lilly shares out 25 00:01:20,840 --> 00:01:24,440 Speaker 3: perform this year. They are a few months behind. They 26 00:01:24,520 --> 00:01:28,639 Speaker 3: could get approval for their own competitor PILL in March. 27 00:01:28,760 --> 00:01:31,960 Speaker 3: So this is really giving Novo Nordisk a boost towards 28 00:01:32,000 --> 00:01:33,319 Speaker 3: the end of the year, a year where it could 29 00:01:33,360 --> 00:01:35,720 Speaker 3: see some where it could use some upside. It's down 30 00:01:35,840 --> 00:01:38,959 Speaker 3: forty four percent this year just because it's been losing 31 00:01:39,040 --> 00:01:41,560 Speaker 3: out in the space to Eli Lilly, which is up 32 00:01:41,680 --> 00:01:44,040 Speaker 3: forty percent this year. So a little bit of good 33 00:01:44,400 --> 00:01:47,440 Speaker 3: good news going into the year end for Nova Nordos holders. 34 00:01:47,880 --> 00:01:50,480 Speaker 1: Yeah, certainly with that announcement, and that wasn't the only one. 35 00:01:50,480 --> 00:01:53,040 Speaker 1: Of course, we've been reporting on President Trump announcing this 36 00:01:53,120 --> 00:01:56,920 Speaker 1: new so called Trump Class of warships that he's got 37 00:01:56,960 --> 00:01:59,120 Speaker 1: coming down the pike. I've got to think that's having 38 00:01:59,160 --> 00:02:01,840 Speaker 1: an impact on defense related shares this morning. 39 00:02:02,440 --> 00:02:05,400 Speaker 3: It is. Indeed, so Hunter Ingles they make their a 40 00:02:05,480 --> 00:02:08,359 Speaker 3: military contractor, they make a lot of ships, and as 41 00:02:08,400 --> 00:02:11,320 Speaker 3: part of that announcement there's the Trump Class battleship. There's 42 00:02:11,360 --> 00:02:15,000 Speaker 3: also going to be a new frigate, which the President 43 00:02:15,080 --> 00:02:17,880 Speaker 3: said will be built by Huntington Ingles, so that's helping 44 00:02:17,919 --> 00:02:20,720 Speaker 3: support the shares. Those are up five percent in pre market. 45 00:02:21,120 --> 00:02:23,840 Speaker 3: The volume's pretty light, but that's still a pretty strong move. 46 00:02:24,320 --> 00:02:29,120 Speaker 3: The new frigate is dubbed FFX. It comes out about 47 00:02:29,160 --> 00:02:32,480 Speaker 3: a month after the Navy cutback orders for Constellation class frigates. 48 00:02:32,800 --> 00:02:36,400 Speaker 3: The previous ships were a legacy from Trump's first administration, 49 00:02:36,520 --> 00:02:39,840 Speaker 3: and those ships have been beset by troubles. So while 50 00:02:39,880 --> 00:02:42,079 Speaker 3: this is an early announcement, production could be a long 51 00:02:42,120 --> 00:02:44,600 Speaker 3: ways off, but you know when it comes about. It's 52 00:02:44,600 --> 00:02:47,760 Speaker 3: set to be built at Huntington Ingles Newport News Shipyard 53 00:02:47,800 --> 00:02:48,520 Speaker 3: down in Virginia. 54 00:02:49,040 --> 00:02:52,239 Speaker 1: Okay, I think we should probably take a look at 55 00:02:52,600 --> 00:02:56,480 Speaker 1: how the Warner Brothers, Discovery, Netflix, Paramount Sky Dances of 56 00:02:56,480 --> 00:02:59,320 Speaker 1: the World are doing. With the bidding war continuing. 57 00:02:59,360 --> 00:03:02,600 Speaker 3: What's going on there, Yeah, it's ever shifting. Those stocks 58 00:03:02,600 --> 00:03:04,640 Speaker 3: are just drifting up a little bit in the pre market. 59 00:03:04,680 --> 00:03:07,080 Speaker 3: And right now, as you've been talking about, Larry Ellison 60 00:03:07,120 --> 00:03:10,680 Speaker 3: came out yesterday to personally back Paramount's bid to Netflix. 61 00:03:11,160 --> 00:03:15,200 Speaker 3: That has not really changed Warner Brothers Managements suggestion. They 62 00:03:15,200 --> 00:03:19,800 Speaker 3: are still recommending that the shareholders back Netflix's offer, And 63 00:03:20,000 --> 00:03:22,720 Speaker 3: just as a quick reminder, Paramount is offering thirty dollars 64 00:03:22,800 --> 00:03:25,679 Speaker 3: a share for the whole company. Netflix is offering a 65 00:03:25,680 --> 00:03:28,120 Speaker 3: little bit less twenty seven dollars and seventy five cents 66 00:03:28,120 --> 00:03:30,200 Speaker 3: a share for the stock. But that's for just the 67 00:03:30,240 --> 00:03:33,240 Speaker 3: streaming in studio businesses. That would allow Warner to spin 68 00:03:33,280 --> 00:03:36,320 Speaker 3: off the cable networks before the deal, which would unlock 69 00:03:36,360 --> 00:03:39,320 Speaker 3: more value for shareholders, which is why they're recommending that deal. 70 00:03:39,360 --> 00:03:42,040 Speaker 3: That's a little bit below on a per share basis. 71 00:03:43,640 --> 00:03:47,680 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 72 00:03:47,760 --> 00:03:50,320 Speaker 2: us throughout the day for the latest roundup of companies 73 00:03:50,400 --> 00:03:53,480 Speaker 2: making news on Wall Street and for the latest market 74 00:03:53,520 --> 00:03:58,000 Speaker 2: moving headlines. 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