1 00:00:02,520 --> 00:00:08,640 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 --> 00:00:16,200 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:18,759 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,800 --> 00:00:21,880 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on what's 6 00:00:21,920 --> 00:00:24,759 Speaker 1: already been a pretty busy earnings morning. But before we 7 00:00:24,800 --> 00:00:27,680 Speaker 1: get to that, Dan, we're starting a holiday shortened training week, 8 00:00:27,720 --> 00:00:30,200 Speaker 1: So I guess we could call this merger Monday observed 9 00:00:30,480 --> 00:00:31,760 Speaker 1: in the pharma space. 10 00:00:32,000 --> 00:00:35,800 Speaker 3: Good morning, Good morning. I like that. Yeah, so everyone 11 00:00:35,800 --> 00:00:38,040 Speaker 3: had a bit of a holiday yesterday, but we still 12 00:00:38,080 --> 00:00:42,240 Speaker 3: got some deals out, particularly a deal for Wrapped Therapeutics 13 00:00:42,320 --> 00:00:46,440 Speaker 3: tick our raapt GSK has agreed to buy the company 14 00:00:46,760 --> 00:00:49,200 Speaker 3: at eight fifty eight dollars a share in a deal 15 00:00:49,280 --> 00:00:52,120 Speaker 3: valued at two point two billion dollars. That sent the 16 00:00:52,120 --> 00:00:54,960 Speaker 3: stock up to fifty seven to fifty so just short 17 00:00:55,000 --> 00:00:58,720 Speaker 3: of that fifty eight dollars share target, sixty three percent 18 00:00:58,920 --> 00:01:01,200 Speaker 3: increase from where it closed on Friday, So a good 19 00:01:01,280 --> 00:01:04,880 Speaker 3: day for the investors in that the acquisition includes a 20 00:01:04,920 --> 00:01:07,840 Speaker 3: drug that's being tested to help protect against food allergens 21 00:01:07,840 --> 00:01:10,840 Speaker 3: with an injection every eight to twelve weeks instead of 22 00:01:10,880 --> 00:01:13,400 Speaker 3: the typical two to four week cycles needed. Right now, 23 00:01:13,720 --> 00:01:16,800 Speaker 3: GSK shares about flat, and again, that's not too bad 24 00:01:16,920 --> 00:01:18,679 Speaker 3: for a morning that's seeing a lot of red in 25 00:01:18,680 --> 00:01:22,720 Speaker 3: the equity markets. This deal will give GSK pipeline to 26 00:01:22,720 --> 00:01:26,200 Speaker 3: bolster revenues after the patent on its top selling HIV 27 00:01:26,360 --> 00:01:30,440 Speaker 3: drug expires. And Jeffrey is calling this deal quote unquote sensible, 28 00:01:30,480 --> 00:01:33,800 Speaker 3: which is a nice British term. It sounds like, yeah, 29 00:01:34,280 --> 00:01:34,720 Speaker 3: doesn't it. 30 00:01:35,280 --> 00:01:36,880 Speaker 1: Let's get to some of the earnings. We've heard some 31 00:01:36,959 --> 00:01:39,520 Speaker 1: from some big names already, including three M. 32 00:01:39,800 --> 00:01:42,000 Speaker 3: That's right. So this is the company that makes post 33 00:01:42,040 --> 00:01:45,280 Speaker 3: its and it's posted a six billion dollar revenue, just 34 00:01:45,319 --> 00:01:48,680 Speaker 3: slightly lighter than estimates, but earnings came in a dollar 35 00:01:48,720 --> 00:01:51,640 Speaker 3: eighty three a share. That was a beat. It also 36 00:01:51,800 --> 00:01:54,120 Speaker 3: issued guidance for the year, so it's seeing about eight 37 00:01:54,160 --> 00:01:56,560 Speaker 3: dollars and fifty to eight dollars and seventy cents a 38 00:01:56,600 --> 00:02:00,440 Speaker 3: share in earnings for twenty twenty six. That might touch 39 00:02:00,480 --> 00:02:03,080 Speaker 3: software than analysts hoped for, as the estimates were towards 40 00:02:03,120 --> 00:02:05,440 Speaker 3: the higher end of that range eight dollars and sixty 41 00:02:05,480 --> 00:02:08,880 Speaker 3: four cents a share. Those shares are down almost two 42 00:02:08,880 --> 00:02:13,399 Speaker 3: percent in pre market. Company is focusing on streamlining operations 43 00:02:13,400 --> 00:02:15,679 Speaker 3: and bringing new products to the market faster, and it's 44 00:02:15,760 --> 00:02:19,200 Speaker 3: also been benefiting from data center construction. Boom VIAAC is 45 00:02:19,200 --> 00:02:21,919 Speaker 3: about three percent of three MS revenue coming from that space. 46 00:02:22,000 --> 00:02:24,280 Speaker 3: So you know, the shares were down a little bit 47 00:02:24,320 --> 00:02:26,519 Speaker 3: before the earnings and they're about at the same level 48 00:02:26,880 --> 00:02:29,040 Speaker 3: as they were ahead, so a little bit of a 49 00:02:29,080 --> 00:02:31,079 Speaker 3: grain of salt, but not not a huge sell off 50 00:02:31,120 --> 00:02:32,280 Speaker 3: like we're seeing some other names. 51 00:02:32,560 --> 00:02:35,800 Speaker 1: Speaking of construction, not data centers, but actual houses. We 52 00:02:35,840 --> 00:02:37,520 Speaker 1: also heard from Dr Horton this morning. 53 00:02:38,000 --> 00:02:41,040 Speaker 3: That's right. It is a home builder and that's that's 54 00:02:41,080 --> 00:02:42,880 Speaker 3: an area that Trump's really been looking at with the 55 00:02:42,919 --> 00:02:47,320 Speaker 3: affordability push, and Dr Horton shares up about six tenths 56 00:02:47,320 --> 00:02:49,959 Speaker 3: of percent. Those were down almost two percent before earnings, 57 00:02:50,000 --> 00:02:52,280 Speaker 3: so that's that's actually a decent boost from where they 58 00:02:52,320 --> 00:02:56,000 Speaker 3: were before the earnings came out. The home builder reported 59 00:02:56,120 --> 00:02:59,160 Speaker 3: six point nine billion dollars in revenue, with adjusted earnings 60 00:02:59,160 --> 00:03:02,040 Speaker 3: per share of two dollars and three cents. That's both 61 00:03:02,200 --> 00:03:05,320 Speaker 3: were beats. Orders for new homes were lighter than estimates, 62 00:03:05,320 --> 00:03:07,760 Speaker 3: but that was offset by the company closing a higher 63 00:03:07,880 --> 00:03:10,880 Speaker 3: number of new builds. D R Horton sticking to its 64 00:03:10,880 --> 00:03:13,480 Speaker 3: full year guidance, it sees sales up to thirty five 65 00:03:13,520 --> 00:03:14,760 Speaker 3: billion dollars for the year. 66 00:03:15,120 --> 00:03:17,600 Speaker 1: All right, just thirty seconds left. How's Netflix doing before 67 00:03:17,639 --> 00:03:19,120 Speaker 1: they report earnings after the bell. 68 00:03:19,720 --> 00:03:22,640 Speaker 3: That's right, Netflix, it's another green spot. Up one percent. 69 00:03:22,680 --> 00:03:25,680 Speaker 3: They're reporting after the bell. We have stranger things that 70 00:03:25,760 --> 00:03:27,680 Speaker 3: came out in the recent quarter, so we'll see some 71 00:03:27,760 --> 00:03:30,960 Speaker 3: dollar figures behind that. And we also have the the 72 00:03:31,040 --> 00:03:34,280 Speaker 3: bidding war over Warner Brothers going on. Worth noting that 73 00:03:34,360 --> 00:03:38,600 Speaker 3: there's a deadline tomorrow for the counterbids from Paramount Sky. 74 00:03:39,560 --> 00:03:42,280 Speaker 3: Basically all the tender offers have to be accepted by then, 75 00:03:42,320 --> 00:03:44,480 Speaker 3: so we should have some deal news on top of that. 76 00:03:44,640 --> 00:03:47,360 Speaker 3: So Netflix up just under one percent in the pre market. 77 00:03:48,200 --> 00:03:52,240 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 78 00:03:52,320 --> 00:03:54,880 Speaker 2: us throughout the day for the latest roundup of companies 79 00:03:54,960 --> 00:03:58,040 Speaker 2: making news on Wall Street and for the latest market 80 00:03:58,080 --> 00:04:02,520 Speaker 2: moving headlines. 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