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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data, take a look with

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Speaker 1: some of the stocks on the move today.

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Speaker 2: We can do that with Natalians Kenny Javic Bloomberg News.

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Speaker 1: She covers the markets Force Natalia.

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Speaker 2: What are you looking at, guys? Let's start with Gemini

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Speaker 2: space Station the tickets Gemi. The stock is up by

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Speaker 2: five point five point five percent today. The company received

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Speaker 2: Designated Contract Market License from the CFTC, which would allow

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Speaker 2: Gemini to offer production markets in the US, So basically,

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Speaker 2: US customers will be able to trade event contracts on

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Speaker 2: website or mobile app. Analysts are very optimistic about this development.

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Speaker 2: They are saying that that could allow the company to

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Speaker 2: increase database of clients and transaction volume, et cetera. But

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Speaker 2: keep in mind the stock is still down by almost

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Speaker 2: sixty percent from its IPO. What about the stock of

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Speaker 2: the past twenty four hours Oracle Oracle Yes, so the

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Speaker 2: ticker is our cl The stock is down by fifteen

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Speaker 2: percent today. Disappointing cloud revenue forecast for third quarter sales

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Speaker 2: also came below expectation. So basically, fifteen billion dollar increase

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Speaker 2: in fiscal year capex target comes on the back of

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Speaker 2: ten billion dollars of cash outflow. The main takeaway here

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Speaker 2: is that analysts are becoming a little bit our investors

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Speaker 2: right concerned that this huge backlock of orders can eventually

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Speaker 2: turn into profitable revenue stream. So now we see also

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Speaker 2: some competition from other companies including Alphabet's Google, and there

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Speaker 2: are many concerns around this space. So that is why

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Speaker 2: the stock is also down today. But our friends Eli

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Speaker 2: Lilly l Y is a ticker. Yeah, so shares of

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Speaker 2: Li Lilly are basically flat, but earlier today they jump

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Speaker 2: by almost four percent. This is the very big development.

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Speaker 2: So the company got good results from an experimental next

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Speaker 2: generation a B city shot with a very complicated name.

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Speaker 2: It's Ritra Rita treat Tide. Yeah, I don't even go

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Speaker 2: I love it. So basically it shows that patients with

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Speaker 2: the highest dose of this drug lost more than twenty

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Speaker 2: three percent of their by weight in sixty eight weeks.

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Speaker 2: Analysts are very encouraged about that. They're saying that that

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Speaker 2: could be best best in class weight loss a drug.

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Speaker 2: And twenty twenty six, of course, will bring more news

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Speaker 2: on that, but as of now, it is a very

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Speaker 2: positive development for.

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Speaker 1: This up the Stock Mover's report from Bloomberg Radio. Check

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Speaker 1: back with us throughout the day for the latest roundup

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Speaker 1: of companies making news on Wall Street and for the

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Speaker 1: latest market moving headlines. Listen to bloom Burg Radio Live,

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Speaker 1: catch us on YouTube, Bloomberg dot com, and on Applecarplay

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Speaker 1: and Android Auto with the Bloomberg Business app.