1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,800 --> 00:00:19,680 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,720 --> 00:00:23,640 Speaker 3: I'm Nathan Haigger, joined by Bloomberg's Valerie Titel, starting off 6 00:00:23,680 --> 00:00:26,480 Speaker 3: with some breaking news in the legal space. I'm just 7 00:00:26,520 --> 00:00:29,320 Speaker 3: going to read the headline right off the Bloomberg terminal valve. 8 00:00:29,440 --> 00:00:33,720 Speaker 3: Chevron prevails in Exon fight, ceiling fifty three billion dollar 9 00:00:34,120 --> 00:00:37,320 Speaker 3: Hess deal. The headlines are moving the stocks this morning. 10 00:00:37,640 --> 00:00:38,440 Speaker 2: Hi you I sure are. 11 00:00:38,479 --> 00:00:41,599 Speaker 1: We've got Hess up seven point six percent, in Chevron 12 00:00:41,920 --> 00:00:45,000 Speaker 1: in the green as well, up over three percent. Hess 13 00:00:45,000 --> 00:00:48,360 Speaker 1: has now won this arbitration battle with Exon Mobile. The 14 00:00:48,479 --> 00:00:52,360 Speaker 1: arbitration panel dismissed Exon Mobile's claim that it had a 15 00:00:52,400 --> 00:00:57,120 Speaker 1: contractual bid for Hess's Crown Jewel assets in Guyana. This 16 00:00:57,200 --> 00:01:01,120 Speaker 1: settlement paves a way for this company to be bought 17 00:01:01,160 --> 00:01:04,360 Speaker 1: by Chevron, more than twenty months after the fifty three 18 00:01:04,520 --> 00:01:09,000 Speaker 1: billion dollar deal was announced for Chevron's acquisition of Hess. 19 00:01:09,000 --> 00:01:09,840 Speaker 2: This decision is. 20 00:01:09,800 --> 00:01:13,840 Speaker 1: A major victory for Chevron, ending a period of strategic 21 00:01:14,040 --> 00:01:17,440 Speaker 1: limbo that hurt the stock and prompted questions over the 22 00:01:17,520 --> 00:01:20,280 Speaker 1: quality of the company's due diligence when it agreed to 23 00:01:20,280 --> 00:01:23,360 Speaker 1: buy Hess back in October twenty twenty three. These stocks 24 00:01:23,360 --> 00:01:25,680 Speaker 1: are rising off the back of this legal case, coming 25 00:01:25,680 --> 00:01:28,680 Speaker 1: to a close. Hess of seven point six percent, Chevron 26 00:01:28,959 --> 00:01:30,120 Speaker 1: up three point four percent. 27 00:01:30,360 --> 00:01:32,959 Speaker 3: Of course, there's still a lot of focus on Netflix 28 00:01:33,040 --> 00:01:37,600 Speaker 3: after the earnings beats all around, yet the stock is falling. 29 00:01:37,680 --> 00:01:39,400 Speaker 3: Is this a price to perfection? 30 00:01:39,640 --> 00:01:43,319 Speaker 1: Story? Failed to impress Netflix down one and a half percent, 31 00:01:43,480 --> 00:01:46,800 Speaker 1: even though it beat on almost every major metric Nathan, 32 00:01:46,840 --> 00:01:50,720 Speaker 1: whether that was revenue margin or earnings. It even raised 33 00:01:50,760 --> 00:01:53,720 Speaker 1: its full year sales and profit margins, but still wasn't 34 00:01:53,800 --> 00:01:57,920 Speaker 1: enough to impress investors. The streaming giant expects to generate 35 00:01:58,400 --> 00:02:01,040 Speaker 1: up to forty five point two two billion dollars in 36 00:02:01,120 --> 00:02:03,720 Speaker 1: sales this year with an operating margin of twenty nine 37 00:02:04,080 --> 00:02:06,160 Speaker 1: and a half percent. Sounds pretty impressive to me, but 38 00:02:06,240 --> 00:02:08,320 Speaker 1: it did not impress the investors out there. It seems 39 00:02:08,320 --> 00:02:10,240 Speaker 1: like the bar was quite high for Netflix in this 40 00:02:10,280 --> 00:02:13,320 Speaker 1: earning season. Those shares are following one and a half percent. 41 00:02:13,400 --> 00:02:16,640 Speaker 3: And Talent Energy is on the radar. What's going on 42 00:02:16,680 --> 00:02:17,320 Speaker 3: with that? Company. 43 00:02:17,480 --> 00:02:20,320 Speaker 1: This is an interesting one, Nathan, Another big deal in 44 00:02:20,360 --> 00:02:24,200 Speaker 1: the energy space as these companies try to keep up 45 00:02:24,200 --> 00:02:26,880 Speaker 1: with the surging demand for power. On the back of 46 00:02:26,919 --> 00:02:30,959 Speaker 1: this boom in energy hungry AI data centers. Talent Energy 47 00:02:31,080 --> 00:02:33,799 Speaker 1: up fifteen and a quarter percent this morning after it's 48 00:02:33,800 --> 00:02:36,320 Speaker 1: announced it has sealed a deal to buy two of 49 00:02:36,360 --> 00:02:41,000 Speaker 1: the newest, most efficient natural gas powered fireplants for three 50 00:02:41,080 --> 00:02:44,400 Speaker 1: point eight billion dollars. The plants will have a combined 51 00:02:44,440 --> 00:02:48,640 Speaker 1: capacity of nearly three jigawatts. That's enough power to power 52 00:02:48,760 --> 00:02:51,760 Speaker 1: about two point four million homes. According to the company. 53 00:02:51,760 --> 00:02:54,880 Speaker 1: This marks the fourth billion dollar plus deal in this 54 00:02:55,000 --> 00:02:55,839 Speaker 1: space this year. 55 00:02:56,480 --> 00:03:00,400 Speaker 3: And we got more earnings this morning, including from three M. 56 00:03:00,520 --> 00:03:02,480 Speaker 3: As we wait for more results as well. 57 00:03:02,760 --> 00:03:05,560 Speaker 1: Yeah, three M rising over three percent after earnings. This 58 00:03:05,639 --> 00:03:09,200 Speaker 1: is the consumer goods conglomerate boosted its adjusted earnings per 59 00:03:09,280 --> 00:03:13,480 Speaker 1: share from continuing operation margin guidance for the full year. 60 00:03:13,520 --> 00:03:17,880 Speaker 1: Its guidance also came above evidence above estimates. The backdrop 61 00:03:17,919 --> 00:03:20,400 Speaker 1: for this is it seems like they are mitigating some 62 00:03:20,560 --> 00:03:26,040 Speaker 1: pressures from tariff, including shifting production and doing some price changes. 63 00:03:26,080 --> 00:03:28,520 Speaker 1: It has mitigated some of that tariff impact for now, 64 00:03:28,560 --> 00:03:31,080 Speaker 1: so it's kind of an interesting more macro story about 65 00:03:31,120 --> 00:03:34,200 Speaker 1: these companies being nimble and able to work their way 66 00:03:34,240 --> 00:03:37,360 Speaker 1: around these newly announced tariffs. That's three M rising over 67 00:03:37,400 --> 00:03:38,279 Speaker 1: three percent. 68 00:03:38,320 --> 00:03:41,960 Speaker 3: And finally vowmore deal news maybe on track. 69 00:03:43,160 --> 00:03:47,280 Speaker 1: This is a mega rail merger coming from some speculation 70 00:03:47,400 --> 00:03:50,200 Speaker 1: from the Wall Street Journal that Union's Pacific is looking 71 00:03:50,400 --> 00:03:54,520 Speaker 1: to bid for Northern or sorry, Norfolk Southern. We're seeing 72 00:03:54,560 --> 00:03:57,280 Speaker 1: Norfolk Southern rise near five percent pre market trade. Union 73 00:03:57,320 --> 00:04:00,280 Speaker 1: Pacific also on the front foot, rising half of one percent. 74 00:04:00,560 --> 00:04:03,040 Speaker 1: This is a report from the Wall Street Journal does 75 00:04:03,120 --> 00:04:05,120 Speaker 1: site that talks are an early stage and there's no 76 00:04:05,200 --> 00:04:08,280 Speaker 1: guarantee they will result in any deal. But this is 77 00:04:08,480 --> 00:04:11,200 Speaker 1: some m and a speculation for a mega rail merger 78 00:04:11,240 --> 00:04:13,680 Speaker 1: that would make a combined entity of over two hundred 79 00:04:13,720 --> 00:04:14,400 Speaker 1: billion dollars. 80 00:04:15,600 --> 00:04:19,720 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 81 00:04:19,800 --> 00:04:22,560 Speaker 2: us throughout the day for the latest roundup of companies 82 00:04:22,600 --> 00:04:25,640 Speaker 2: making news on Wall Street and for the latest market 83 00:04:25,680 --> 00:04:30,080 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 84 00:04:30,080 --> 00:04:33,359 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 85 00:04:33,400 --> 00:04:34,880 Speaker 2: the Bloomberg Business app.