1 00:00:02,520 --> 00:00:08,720 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 00:00:16,560 --> 00:00:18,040 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,120 --> 00:00:20,360 Speaker 1: the move that I am Paul Sweeney alongside Scarlett Fooh, 6 00:00:20,360 --> 00:00:23,040 Speaker 1: and we're joined by Bloomberg, Christina, Quino Phi Christine. 7 00:00:23,040 --> 00:00:23,599 Speaker 2: What are you have first? 8 00:00:23,600 --> 00:00:26,720 Speaker 1: Today? Let's look at Fox, shall we so ticker Fox? 9 00:00:26,800 --> 00:00:29,400 Speaker 1: Those shares are up today one point nine percent, and 10 00:00:29,600 --> 00:00:32,920 Speaker 1: that is because there is some suggestion from President Donald 11 00:00:32,920 --> 00:00:36,720 Speaker 1: Trump that Fox chairman Lachlan Murdock and his father Rupert 12 00:00:36,800 --> 00:00:39,599 Speaker 1: are involved in this TikTok deal. Now we know from 13 00:00:39,640 --> 00:00:42,879 Speaker 1: the White House official announcement on Saturday that the use 14 00:00:42,960 --> 00:00:45,839 Speaker 1: operations of TikTok will be majority owned and controlled by 15 00:00:45,840 --> 00:00:49,599 Speaker 1: American investors, which includes Oracle. Now Oracle has seen the 16 00:00:49,640 --> 00:00:52,120 Speaker 1: benefit of being involved in this TikTok deal. Last week 17 00:00:52,640 --> 00:00:55,560 Speaker 1: it was doing monster numbers in terms of the stock games. 18 00:00:55,560 --> 00:00:58,600 Speaker 1: But now potentially if there is some kind of Fox 19 00:00:59,000 --> 00:01:03,040 Speaker 1: family involved moment, then maybe that's a boost those shares 20 00:01:03,080 --> 00:01:05,960 Speaker 1: as well. Bloomerre Intelligence weighing in and saying that ownership 21 00:01:05,959 --> 00:01:08,720 Speaker 1: in TikTok could give Fox a foothold in social media 22 00:01:09,160 --> 00:01:13,200 Speaker 1: because now linear TV is facing secular challenges, so good 23 00:01:13,200 --> 00:01:13,720 Speaker 1: time for them. 24 00:01:13,880 --> 00:01:16,280 Speaker 2: It's eternally facing secular challenges. 25 00:01:16,680 --> 00:01:20,240 Speaker 1: Pfizer of course on the horizon too, and some M 26 00:01:20,240 --> 00:01:23,959 Speaker 1: and A news. Yeah, absolutely scarless of Pfizer ticker PFE. 27 00:01:24,240 --> 00:01:27,840 Speaker 1: Those shares are soaring two point nine percent at the moment. 28 00:01:28,120 --> 00:01:29,760 Speaker 1: And you know, we know that they're going to be 29 00:01:29,760 --> 00:01:33,800 Speaker 1: paying four nine billion dollars for this obesity drug startup 30 00:01:33,840 --> 00:01:36,960 Speaker 1: met Sarah because they do want to catch up to 31 00:01:37,160 --> 00:01:40,520 Speaker 1: their rivals in that obesity drug game. So here's the 32 00:01:40,600 --> 00:01:43,080 Speaker 1: kicker for the deal though. So basically they're agreeing to 33 00:01:43,080 --> 00:01:45,639 Speaker 1: buy met Sarah for forty seven to fifty in cash 34 00:01:45,720 --> 00:01:49,240 Speaker 1: per share, and then the deal also includes further payments 35 00:01:49,240 --> 00:01:51,760 Speaker 1: of up to twenty two fifty per share if there 36 00:01:51,840 --> 00:01:56,320 Speaker 1: are specific and regulatory milestones that are met. So potentially 37 00:01:56,480 --> 00:01:59,520 Speaker 1: that deal could total seven point three billion dollars. And 38 00:01:59,600 --> 00:02:02,560 Speaker 1: so were intelligence analysts saying that this is a good 39 00:02:02,560 --> 00:02:06,280 Speaker 1: thing for Pfizer. The deal could potentially catapult them up 40 00:02:06,400 --> 00:02:09,960 Speaker 1: the obesity ladder because it provides them access to injections 41 00:02:10,320 --> 00:02:13,600 Speaker 1: that are highly competitive in terms that our profiled. 42 00:02:13,639 --> 00:02:16,359 Speaker 2: Right, We'll have Sam Fazzelli from Bloomberg Intelligence on later 43 00:02:16,400 --> 00:02:17,520 Speaker 2: this hour to break down the steal. 44 00:02:17,560 --> 00:02:20,079 Speaker 1: One more. Let's take a look at Kenview. So Tigger 45 00:02:20,200 --> 00:02:23,120 Speaker 1: k the ue, those chares not doing the hot at 46 00:02:23,200 --> 00:02:25,880 Speaker 1: the moment, down more than five percent now, and that's 47 00:02:25,919 --> 00:02:28,440 Speaker 1: because we did get a Washington Post report over do 48 00:02:28,480 --> 00:02:31,880 Speaker 1: we can say that Trump administration officials plan to link 49 00:02:32,000 --> 00:02:34,880 Speaker 1: the active ingredient in time law, which is made by Canview, 50 00:02:35,080 --> 00:02:38,560 Speaker 1: to autism. So that's expected to come today. The Post 51 00:02:38,639 --> 00:02:42,160 Speaker 1: reporting this and citing unnamed people familiar with the matter, 52 00:02:42,280 --> 00:02:45,360 Speaker 1: so you know, Bloomery Intelligence saying that if there is 53 00:02:45,440 --> 00:02:47,960 Speaker 1: any reduced amount for tilnol as a result of this, 54 00:02:48,480 --> 00:02:51,920 Speaker 1: then that will make their return to EPs growth this 55 00:02:52,200 --> 00:02:55,560 Speaker 1: next year more challenging because they're already facing autism related 56 00:02:55,639 --> 00:02:58,000 Speaker 1: lawsuits because of this, So this is just another. 57 00:02:57,760 --> 00:03:00,880 Speaker 2: Problem they go to drug from me of things everywhere. 58 00:03:02,200 --> 00:03:06,440 Speaker 2: The Stockmover's report from Bloomberg Radio. 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