Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on this stock movers report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenobek, Romain Bostick, and Scarlet Food.
Speaker 3: Let's get to some of the individual gainers. No surprise,
Speaker 3: a big story today in the media sector had to
Speaker 3: do with the race to buy Warner Brothers Discovery, if
Speaker 3: you will, Warner Brothers Discovery finishing off its highs at
Speaker 3: its highs Intra day was up eight percent, but it
Speaker 3: is the number one gainer in the NASDAQ one hundred,
Speaker 3: number two gainer in the S and P five hundred,
Speaker 3: finishing the day up about four and a half percent.
Speaker 3: Here you know the story, Paramount Skydance launching a hostile
Speaker 3: takeover bit for Warner Brothers Discovery thirty dollars a share
Speaker 3: in cash, and that's just days after the company greed
Speaker 3: to a deal with Netflix. The offer value Warner Brothers
Speaker 3: at one hundred and eight point four billion including debt.
Speaker 3: I mean the race is on, the bidding is on.
Speaker 3: We'll see where this one lands. Paramouts guid Dance, that
Speaker 3: was your number one gainer in the S and P
Speaker 3: five hundred. That's stock up nine percent in today's session.
Speaker 1: The differential between what Netflix is offering and what Paramount
Speaker 1: is offering is phenomenal to me. And I'm trying to
Speaker 1: think of the last time we saw a major merger
Speaker 1: and acquisition deal where you had two bidders that far
Speaker 1: apart in terms of what they were.
Speaker 3: Offering and ain't done yet. So we'll continue to keep
Speaker 3: an eye on that one, and Nvidia certainly some help
Speaker 3: in terms of supporting the equity trade, that one finishing
Speaker 3: off its highs of the day, but still with a
Speaker 3: one point seven percent gain. We did see Semaphore coming
Speaker 3: out siding a person with knowledge of this that and
Speaker 3: Video will soon be allowed to export it's h two
Speaker 3: hundred chips to China. US Commerce Secretary Howard Lutnix said
Speaker 3: to support the plan again according to Semaphore, So some
Speaker 3: outperformance in that name. And just one more chip name
Speaker 3: I want to mention, Broadcom Avgo is the techer, is
Speaker 3: the ticker, it's the number four gainer in the Nasdaq
Speaker 3: one hundred. So some reporting on this. Broadcom was up
Speaker 3: on a disputed report that Microsoft is in talks to
Speaker 3: move it's custom chip. Business Information reported late Friday that
Speaker 3: Microsoft is in discussions with Broadcom to design future custom chips,
Speaker 3: which would be a move away from its alliance with Marvel.
Speaker 4: Marvel Marvel, but a disputed report.
Speaker 3: A disputed report anyway. But Broadcom shares up about two
Speaker 3: point eight percent.
Speaker 1: To let sure to point Outrocom expected to report earnings
Speaker 1: it is.
Speaker 3: Yeah, it's up about seventy three percent year to date
Speaker 3: as well.
Speaker 4: Yeah, all right, here are some of the losers. Netflix
Speaker 4: obviously is down again today. This is a puzzler to me,
Speaker 4: and I don't know if you guys have figured it out,
Speaker 4: but when Netflix put in its official bid last week,
Speaker 4: it was down, and in fact, it's been down every
Speaker 4: day for four trading sessions in a row. When Paramount
Speaker 4: comes out with a hostile offer, it's up.
Speaker 5: Yeah.
Speaker 4: So it's like, Paramount investors want them to spend over
Speaker 4: one hundred billion dollars please, and Netflix bidders are like,
Speaker 4: or investors are like, that's maybe too much.
Speaker 5: We were actually just talking about this. We didn't land
Speaker 5: on a conclusion, but Romane did point out that you
Speaker 5: take a look at Paramount shares last week, just what
Speaker 5: they were doing on Friday Thursday. They haven't exactly climbed
Speaker 5: out of this hole. But I do also think it's curious,
Speaker 5: Matt that you are seeing shares rise seven percent on
Speaker 5: a hostile bid, but go figure.
Speaker 4: So air Products is another one off today. Air Products
Speaker 4: down after it said it's working with Yara International out
Speaker 4: of Norway to establish a long term partnership on a
Speaker 4: pair of ammonia PT projects in the US and Saudi Arabia.
Speaker 4: Potentially a sale in the works there, and that's what
Speaker 4: has investors selling the shares. Procter and Gamble shares not
Speaker 4: a huge drop in P ANDNG, but a couple of
Speaker 4: different analysts at Barkley's and at Deutsche Bank said that
Speaker 4: they've met with executives at P and G recently and
Speaker 4: they were encouraged to bring their estimates down. So that's
Speaker 4: not great news. And then Marvel Technology those shares getting
Speaker 4: decimated today after a benchmark company cut its recommendation to
Speaker 4: a hold from a buy on expected lost business from Amazon. Also,
Speaker 4: they're being pressured after the company was not included in
Speaker 4: the newest additions to the S and P five hundred index.
Speaker 4: And we love those rotation trades.
Speaker 2: The stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
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