Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data, take a look with
Speaker 1: some of the stocks on the move today.
Speaker 2: We can do that with Natalians Kenny Javic Bloomberg News.
Speaker 1: She covers the markets Force Natalia.
Speaker 2: What are you looking at, guys? Let's start with Gemini
Speaker 2: space Station the tickets Gemi. The stock is up by
Speaker 2: five point five point five percent today. The company received
Speaker 2: Designated Contract Market License from the CFTC, which would allow
Speaker 2: Gemini to offer production markets in the US, So basically,
Speaker 2: US customers will be able to trade event contracts on
Speaker 2: website or mobile app. Analysts are very optimistic about this development.
Speaker 2: They are saying that that could allow the company to
Speaker 2: increase database of clients and transaction volume, et cetera. But
Speaker 2: keep in mind the stock is still down by almost
Speaker 2: sixty percent from its IPO. What about the stock of
Speaker 2: the past twenty four hours Oracle Oracle Yes, so the
Speaker 2: ticker is our cl The stock is down by fifteen
Speaker 2: percent today. Disappointing cloud revenue forecast for third quarter sales
Speaker 2: also came below expectation. So basically, fifteen billion dollar increase
Speaker 2: in fiscal year capex target comes on the back of
Speaker 2: ten billion dollars of cash outflow. The main takeaway here
Speaker 2: is that analysts are becoming a little bit our investors
Speaker 2: right concerned that this huge backlock of orders can eventually
Speaker 2: turn into profitable revenue stream. So now we see also
Speaker 2: some competition from other companies including Alphabet's Google, and there
Speaker 2: are many concerns around this space. So that is why
Speaker 2: the stock is also down today. But our friends Eli
Speaker 2: Lilly l Y is a ticker. Yeah, so shares of
Speaker 2: Li Lilly are basically flat, but earlier today they jump
Speaker 2: by almost four percent. This is the very big development.
Speaker 2: So the company got good results from an experimental next
Speaker 2: generation a B city shot with a very complicated name.
Speaker 2: It's Ritra Rita treat Tide. Yeah, I don't even go
Speaker 2: I love it. So basically it shows that patients with
Speaker 2: the highest dose of this drug lost more than twenty
Speaker 2: three percent of their by weight in sixty eight weeks.
Speaker 2: Analysts are very encouraged about that. They're saying that that
Speaker 2: could be best best in class weight loss a drug.
Speaker 2: And twenty twenty six, of course, will bring more news
Speaker 2: on that, but as of now, it is a very
Speaker 2: positive development for.
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