1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,720 --> 00:00:19,000 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,280 --> 00:00:22,920 Speaker 2: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo. 6 00:00:23,280 --> 00:00:26,480 Speaker 3: Let's start there. Yes, Novo, notice their shares have been 7 00:00:26,480 --> 00:00:28,800 Speaker 3: down as much as twelve percent in Copenhagen. That's actually 8 00:00:28,840 --> 00:00:31,760 Speaker 3: the lowest level since July of twenty twenty one. The 9 00:00:31,960 --> 00:00:35,520 Speaker 3: reason why is because the pill version, the pill version 10 00:00:35,560 --> 00:00:38,800 Speaker 3: of its ozempic, it didn't slow the progression of Alzheimer's 11 00:00:38,800 --> 00:00:41,760 Speaker 3: disease and a pair of high risk studies. Now that 12 00:00:41,920 --> 00:00:44,040 Speaker 3: is a big setback because it was kind of opening 13 00:00:44,040 --> 00:00:46,080 Speaker 3: that door to a new use for the drug instead 14 00:00:46,080 --> 00:00:48,920 Speaker 3: of just weight loss. They've been struggling after. You know, 15 00:00:48,960 --> 00:00:51,440 Speaker 3: they're losing that top spot to Eli Lilly in the 16 00:00:51,479 --> 00:00:55,440 Speaker 3: obesity market. They couldn't acquire obesity sort of Metzerah away 17 00:00:55,440 --> 00:00:58,560 Speaker 3: from Pfizer. Their value is more than half this year, 18 00:00:58,680 --> 00:01:01,560 Speaker 3: and they have investor concerns over its long term competitiveness, 19 00:01:01,600 --> 00:01:04,959 Speaker 3: so a lot running against it. This did not help things. 20 00:01:05,640 --> 00:01:07,760 Speaker 3: Because of the results from these studies, Novo's going to 21 00:01:07,800 --> 00:01:11,040 Speaker 3: discontinue that planned one year extension of the studies. So 22 00:01:11,160 --> 00:01:14,080 Speaker 3: yet Eli Lilly their shares actually think on this news 23 00:01:14,080 --> 00:01:18,839 Speaker 3: to two. But Biogen, which is developing different Alzheimer's drugs, 24 00:01:18,880 --> 00:01:21,160 Speaker 3: their shares rose nearly seven percent. 25 00:01:21,240 --> 00:01:23,679 Speaker 2: I mean, I remember you guys talking about the signs 26 00:01:23,720 --> 00:01:28,119 Speaker 2: out on thirty Avenue, Lexington Avenue at the advent of 27 00:01:28,160 --> 00:01:32,480 Speaker 2: all this. Where are we in the next year with 28 00:01:32,640 --> 00:01:34,000 Speaker 2: everybody taking this stuff. 29 00:01:34,400 --> 00:01:36,280 Speaker 4: I don't know. I mean I kind of. I think 30 00:01:36,280 --> 00:01:38,080 Speaker 4: when they have the oral yeah, I think that's going 31 00:01:38,120 --> 00:01:40,400 Speaker 4: to be big hill Yes, And when the price comes 32 00:01:40,400 --> 00:01:43,640 Speaker 4: down even more, that'll be big I think. But I 33 00:01:43,640 --> 00:01:45,959 Speaker 4: mean I'm looking at Novil Nordics. You weren't kidding, Lisa. 34 00:01:46,319 --> 00:01:49,800 Speaker 4: This has got one and a quarter trillion dollars valuation, 35 00:01:50,160 --> 00:01:52,720 Speaker 4: but it's off by fifty percent this year. I mean, 36 00:01:52,720 --> 00:01:56,360 Speaker 4: that's a trillion dollars of shareholder value just lost this year. 37 00:01:56,400 --> 00:01:59,960 Speaker 2: Sitting moments ago, literally is Lisa reports Jeffrey Meatium over 38 00:02:00,120 --> 00:02:03,320 Speaker 2: City Group, Eli Lilly A bye next. 39 00:02:03,160 --> 00:02:07,440 Speaker 3: Or you go Joe size Ali Baba, Okay, Yeah, there's zero, 40 00:02:07,520 --> 00:02:09,640 Speaker 3: there's your boy. Their shares have been up more than 41 00:02:09,680 --> 00:02:11,480 Speaker 3: four percent in Hong Kong. 42 00:02:11,600 --> 00:02:11,720 Speaker 2: So. 43 00:02:11,760 --> 00:02:15,520 Speaker 3: The company said it's rebranded qn ai tool Okay, that's 44 00:02:15,560 --> 00:02:18,120 Speaker 3: what it's called. It hit ten million downloads in the 45 00:02:18,160 --> 00:02:20,640 Speaker 3: first week after it became available to the public. It 46 00:02:20,720 --> 00:02:23,920 Speaker 3: is in the top three of Apple's app store in China. 47 00:02:24,520 --> 00:02:28,240 Speaker 3: It's basically looking to compete with open Aiyes, Chat GPT. 48 00:02:28,480 --> 00:02:31,880 Speaker 3: So what exactly is qn okay? So it has Ali 49 00:02:31,880 --> 00:02:35,320 Speaker 3: Baba's latest language model, large language model capabilities, but it 50 00:02:35,360 --> 00:02:39,639 Speaker 3: is also set to incorporate Aegentic for functions like e commerce, 51 00:02:39,680 --> 00:02:42,760 Speaker 3: you know, the whole online shopping. The company said it's 52 00:02:42,760 --> 00:02:46,000 Speaker 3: their most significant step yet in the consumer AI market. 53 00:02:46,440 --> 00:02:49,680 Speaker 3: What will go into this, So they plant and integrate 54 00:02:49,760 --> 00:02:53,760 Speaker 3: things like like core lifestyle productivity services like digital maps, 55 00:02:53,960 --> 00:02:58,000 Speaker 3: food delivery, travel booking, office tools, e commerce education, I mean, 56 00:02:58,080 --> 00:03:01,800 Speaker 3: health guidance. Yeah, it's a big, big, big market. The 57 00:03:01,800 --> 00:03:02,880 Speaker 3: agents were being. 58 00:03:02,760 --> 00:03:05,639 Speaker 2: People doing food delivery. I don't get it. 59 00:03:05,680 --> 00:03:07,720 Speaker 4: They're all on the streets of like third Avenue here. 60 00:03:08,160 --> 00:03:10,359 Speaker 2: They've all pulled back. I mean, there were some charts 61 00:03:10,360 --> 00:03:13,079 Speaker 2: this weekend of the pullback. Okay, you know of a 62 00:03:13,120 --> 00:03:15,600 Speaker 2: lot of these tech stocks and have some, dammit. 63 00:03:15,560 --> 00:03:20,560 Speaker 1: So this Stock Movers report from Bloomberg Radio. Check back 64 00:03:20,600 --> 00:03:22,799 Speaker 1: with us throughout the day for the latest roundup of 65 00:03:22,880 --> 00:03:26,160 Speaker 1: companies making news on Wall Street and for the latest 66 00:03:26,200 --> 00:03:30,400 Speaker 1: market moving headlines. 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