1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,400 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,600 --> 00:00:21,000 Speaker 1: the move today on Paul Sweeney alongside Norm Me, Linda, 6 00:00:21,239 --> 00:00:23,360 Speaker 1: and we're joined by Bloomberg's Lise Mattail. Lisa, what are 7 00:00:23,400 --> 00:00:24,080 Speaker 1: you looking at all right? 8 00:00:24,079 --> 00:00:27,319 Speaker 3: We're starting with Carog, Doctor Pepper, Taker KDP. Their shares 9 00:00:27,360 --> 00:00:29,479 Speaker 3: have been up as much as eight percent, so a 10 00:00:29,520 --> 00:00:32,479 Speaker 3: few things. Sales for the third quarter beat estimates. It 11 00:00:32,600 --> 00:00:34,800 Speaker 3: raised its full year sales outlook to be in that 12 00:00:34,920 --> 00:00:38,640 Speaker 3: high single digit range. US coffee sales, which had trunk 13 00:00:38,680 --> 00:00:42,000 Speaker 3: actually for the ten previous quarters, grew one a half percent. 14 00:00:42,520 --> 00:00:45,040 Speaker 3: The focus, though, is really turning to this acquisition of 15 00:00:45,120 --> 00:00:49,080 Speaker 3: Dutch coffee company JdE Pete. It basically announced that the 16 00:00:49,159 --> 00:00:51,479 Speaker 3: eighteen billion dollar deal back in August, and now it 17 00:00:51,560 --> 00:00:55,600 Speaker 3: says it's raising seven billion dollars from Apollo and KKR 18 00:00:55,680 --> 00:00:59,040 Speaker 3: to help finance that acquisition. Investors are going to like 19 00:00:59,080 --> 00:01:00,800 Speaker 3: that because they had come turns that it was going 20 00:01:00,840 --> 00:01:03,320 Speaker 3: to be taking on too much debt from that, but 21 00:01:03,400 --> 00:01:05,679 Speaker 3: carried Doctor Pepper. They planned to separate their beverage and 22 00:01:05,720 --> 00:01:08,800 Speaker 3: their coffee business by the end of twenty twenty six. 23 00:01:09,440 --> 00:01:12,600 Speaker 3: Wow shares of KDP down about fifteen percent so far 24 00:01:12,640 --> 00:01:12,959 Speaker 3: this year. 25 00:01:13,040 --> 00:01:15,959 Speaker 1: Yeah, I'd like doctor Pepper, but I don't drink it 26 00:01:15,959 --> 00:01:17,600 Speaker 1: that often, so not your go to. 27 00:01:17,840 --> 00:01:19,759 Speaker 3: It's not a good in rotation. 28 00:01:19,840 --> 00:01:21,119 Speaker 1: Once, so all I'll throw it in there. 29 00:01:21,160 --> 00:01:23,680 Speaker 3: See, I'm more on the coffee side of things. 30 00:01:24,880 --> 00:01:28,959 Speaker 1: Doctor Pepper's big in Texas. That's where it's from originally. 31 00:01:29,040 --> 00:01:29,680 Speaker 1: So there you go. 32 00:01:29,800 --> 00:01:37,920 Speaker 3: I did right, So yes, Baby oh from right right. 33 00:01:38,760 --> 00:01:42,000 Speaker 3: So we have Baby Power Company Carters. This is ticker 34 00:01:42,240 --> 00:01:44,520 Speaker 3: cri I. Their shares have been down as much as 35 00:01:44,560 --> 00:01:48,560 Speaker 3: seven percent, and they say basically that tariffs are dragging 36 00:01:48,600 --> 00:01:50,760 Speaker 3: down its earnings. They said they can expect to win 37 00:01:50,800 --> 00:01:53,840 Speaker 3: car a pretax earnings impact from additional tariffs of about 38 00:01:54,040 --> 00:01:57,120 Speaker 3: two hundred million to two hundred and fifty million dollars 39 00:01:57,120 --> 00:01:59,760 Speaker 3: a year. They said their full year guidance would also 40 00:02:00,080 --> 00:02:02,560 Speaker 3: main suspended. But here's like the bigger news when you 41 00:02:02,600 --> 00:02:04,400 Speaker 3: look into it. It said it's going to close about one 42 00:02:04,520 --> 00:02:07,559 Speaker 3: hundred and fifty stores in North America after their lease 43 00:02:07,640 --> 00:02:09,960 Speaker 3: is expire of the next three years, and that's up 44 00:02:09,960 --> 00:02:13,680 Speaker 3: from a previous target of one hundred stores. They also 45 00:02:13,760 --> 00:02:17,040 Speaker 3: plan to reduce their office workforce by about fifteen percent. 46 00:02:17,080 --> 00:02:19,240 Speaker 3: We're hearing that a lot from companies, cutting about three 47 00:02:19,320 --> 00:02:23,360 Speaker 3: hundred positions, and they expect that reduction to create about 48 00:02:23,360 --> 00:02:27,120 Speaker 3: thirty five million dollars in annual savings starting next year. 49 00:02:27,320 --> 00:02:29,040 Speaker 3: So that's some big news from Carters. 50 00:02:29,720 --> 00:02:32,120 Speaker 1: I mean, that's I can't imagine. That's what we won 51 00:02:32,240 --> 00:02:36,200 Speaker 1: for our American businesses. This company's based in Atlanta, Georgia. 52 00:02:36,760 --> 00:02:38,640 Speaker 1: Is that the effect of Terrace that we want on. 53 00:02:38,919 --> 00:02:42,440 Speaker 3: I haven't seen Carters in a while. Well, yeah, I've 54 00:02:42,480 --> 00:02:44,280 Speaker 3: seen a lot of their stores. Clothing. I know, it's 55 00:02:44,360 --> 00:02:46,680 Speaker 3: interesting thing, but it's still it's still out there and 56 00:02:46,720 --> 00:02:48,399 Speaker 3: we haven't talked about it much. But yeah, their shares 57 00:02:48,440 --> 00:02:51,000 Speaker 3: have been taking a hit two permit, so we go 58 00:02:51,120 --> 00:02:54,280 Speaker 3: from children's clothing to let's go to pharma. We have 59 00:02:54,320 --> 00:02:58,880 Speaker 3: a video Avidity Biosciences. It's Sticker r n A and 60 00:02:58,960 --> 00:03:01,200 Speaker 3: their shore. It's really their shares have been storing as 61 00:03:01,280 --> 00:03:04,640 Speaker 3: much as forty three percent. So the news behind it 62 00:03:04,680 --> 00:03:06,919 Speaker 3: is that you have Swiss drug maker Novartis. They've agreed 63 00:03:06,960 --> 00:03:09,680 Speaker 3: to buy the company. It's a twelve billion dollar deal. 64 00:03:09,800 --> 00:03:13,440 Speaker 3: You like the mergers. It's Novartis's biggest acquisition in more 65 00:03:13,480 --> 00:03:16,440 Speaker 3: than a decade, so it's big news for them. It's 66 00:03:16,520 --> 00:03:20,680 Speaker 3: also adding several potential treatment starts portfolio because Novartis it's 67 00:03:20,720 --> 00:03:23,760 Speaker 3: facing a lot of competition from those cheap generics later 68 00:03:23,840 --> 00:03:26,880 Speaker 3: this year, especially for its three key drugs that's like 69 00:03:26,880 --> 00:03:30,720 Speaker 3: it's heart medicine includes as well, so Avidity. They're developing 70 00:03:30,760 --> 00:03:35,480 Speaker 3: experimental drugs to treat diseases including neuromuscular illness. But Novarta 71 00:03:35,520 --> 00:03:38,360 Speaker 3: says two to three Avidity drugs they're expected to launch 72 00:03:38,400 --> 00:03:40,840 Speaker 3: before twenty thirty. They say they have a multi billion 73 00:03:40,920 --> 00:03:43,760 Speaker 3: dollar sales potential, so they really see a lot in 74 00:03:43,800 --> 00:03:46,800 Speaker 3: this company. And then as part of this deal, a 75 00:03:46,840 --> 00:03:50,080 Speaker 3: Vidy's going to separate its early stage cardiology programs into 76 00:03:50,120 --> 00:03:52,640 Speaker 3: a new company and some of all of that which 77 00:03:52,840 --> 00:03:55,280 Speaker 3: a Vidy can sell to a third party. So there's 78 00:03:55,360 --> 00:03:57,800 Speaker 3: kind of a lot behind this. But I mean, you 79 00:03:57,920 --> 00:04:00,160 Speaker 3: just heard a lot of biotech m and a's like 80 00:04:00,160 --> 00:04:03,720 Speaker 3: from large for companies buying smaller drug makers, you know, 81 00:04:03,760 --> 00:04:06,360 Speaker 3: with this innovative technology so they can help them like 82 00:04:06,360 --> 00:04:08,720 Speaker 3: boost their revenue. You know, older drugs are losing those 83 00:04:08,760 --> 00:04:10,680 Speaker 3: patent protection and that's the real issue. 84 00:04:10,680 --> 00:04:15,960 Speaker 2: Here the stock Moover's report from Bloomberg Radio. Check back 85 00:04:15,960 --> 00:04:18,200 Speaker 2: with us throughout the day for the latest roundup of 86 00:04:18,240 --> 00:04:21,560 Speaker 2: companies making news on Wall Street and for the latest 87 00:04:21,560 --> 00:04:25,760 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 88 00:04:25,800 --> 00:04:29,520 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 89 00:04:29,560 --> 00:04:31,560 Speaker 2: Auto with the Bloomberg Business app.