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.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo.
Speaker 3: Let's start there. Yes, Novo, notice their shares have been
Speaker 3: down as much as twelve percent in Copenhagen. That's actually
Speaker 3: the lowest level since July of twenty twenty one. The
Speaker 3: reason why is because the pill version, the pill version
Speaker 3: of its ozempic, it didn't slow the progression of Alzheimer's
Speaker 3: disease and a pair of high risk studies. Now that
Speaker 3: is a big setback because it was kind of opening
Speaker 3: that door to a new use for the drug instead
Speaker 3: of just weight loss. They've been struggling after. You know,
Speaker 3: they're losing that top spot to Eli Lilly in the
Speaker 3: obesity market. They couldn't acquire obesity sort of Metzerah away
Speaker 3: from Pfizer. Their value is more than half this year,
Speaker 3: and they have investor concerns over its long term competitiveness,
Speaker 3: so a lot running against it. This did not help things.
Speaker 3: Because of the results from these studies, Novo's going to
Speaker 3: discontinue that planned one year extension of the studies. So
Speaker 3: yet Eli Lilly their shares actually think on this news
Speaker 3: to two. But Biogen, which is developing different Alzheimer's drugs,
Speaker 3: their shares rose nearly seven percent.
Speaker 2: I mean, I remember you guys talking about the signs
Speaker 2: out on thirty Avenue, Lexington Avenue at the advent of
Speaker 2: all this. Where are we in the next year with
Speaker 2: everybody taking this stuff.
Speaker 4: I don't know. I mean I kind of. I think
Speaker 4: when they have the oral yeah, I think that's going
Speaker 4: to be big hill Yes, And when the price comes
Speaker 4: down even more, that'll be big I think. But I
Speaker 4: mean I'm looking at Novil Nordics. You weren't kidding, Lisa.
Speaker 4: This has got one and a quarter trillion dollars valuation,
Speaker 4: but it's off by fifty percent this year. I mean,
Speaker 4: that's a trillion dollars of shareholder value just lost this year.
Speaker 2: Sitting moments ago, literally is Lisa reports Jeffrey Meatium over
Speaker 2: City Group, Eli Lilly A bye next.
Speaker 3: Or you go Joe size Ali Baba, Okay, Yeah, there's zero,
Speaker 3: there's your boy. Their shares have been up more than
Speaker 3: four percent in Hong Kong.
Speaker 2: So.
Speaker 3: The company said it's rebranded qn ai tool Okay, that's
Speaker 3: what it's called. It hit ten million downloads in the
Speaker 3: first week after it became available to the public. It
Speaker 3: is in the top three of Apple's app store in China.
Speaker 3: It's basically looking to compete with open Aiyes, Chat GPT.
Speaker 3: So what exactly is qn okay? So it has Ali
Speaker 3: Baba's latest language model, large language model capabilities, but it
Speaker 3: is also set to incorporate Aegentic for functions like e commerce,
Speaker 3: you know, the whole online shopping. The company said it's
Speaker 3: their most significant step yet in the consumer AI market.
Speaker 3: What will go into this, So they plant and integrate
Speaker 3: things like like core lifestyle productivity services like digital maps,
Speaker 3: food delivery, travel booking, office tools, e commerce education, I mean,
Speaker 3: health guidance. Yeah, it's a big, big, big market. The
Speaker 3: agents were being.
Speaker 2: People doing food delivery. I don't get it.
Speaker 4: They're all on the streets of like third Avenue here.
Speaker 2: They've all pulled back. I mean, there were some charts
Speaker 2: this weekend of the pullback. Okay, you know of a
Speaker 2: lot of these tech stocks and have some, dammit.
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