Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market harnessing the power of Bloomberg data.
Speaker 3: It's called the flu Paul Sweeney live here on a
Speaker 3: Bloomberg Interactive Broker studio, streaming live on YouTube as well.
Speaker 3: Boy Green on the screen. That's for sure. Let's take
Speaker 3: a look at some of the stocks on the move today.
Speaker 3: We're joined by Bloomberg Christina, you know, Christine, what are
Speaker 3: you looking at?
Speaker 1: Well, Paull, it's not just tech that is leading this
Speaker 1: rally today. We have a rally in a lot of
Speaker 1: other companies as well, including Bristol Myers so ticker bmy
Speaker 1: Those shares are up more than four percent at the moment.
Speaker 1: So interestingly, it's actually benefiting not necessarily from its own news,
Speaker 1: but because of news from it's a competitor, Bear, but
Speaker 1: has positive read across for this company. So Bear's experimental
Speaker 1: stroke prevention drug saw some positive results in counter Fitzgerald
Speaker 1: analyst saying that Bear's data supports confidence and bmise oh
Speaker 1: in the program in secondary stroke prevention, and so very interesting,
Speaker 1: especially because in the context of earlier declines earlier this
Speaker 1: month because bmwy's most important experimental medicines appeared unlikely to
Speaker 1: benefit patients who suffered a hard complication. So that was
Speaker 1: a setback earlier this month. But now looks like they're
Speaker 1: benefiting from this positive results from Bears, a stroke prevention drug.
Speaker 1: So there you go, all.
Speaker 2: Right, good stuff. Second stock you're watching.
Speaker 1: We're looking at Cooper Companies today, So took her COO.
Speaker 1: Those shares up just slightly h four tens of one
Speaker 1: percent now, So Cooper Companies, it's a maker of medical
Speaker 1: devices and surgical instruments, is getting a little bit of
Speaker 1: activist action, actually, so investors. Branding West writing a letter
Speaker 1: to its board saying that it's quote inadequate oversight, has
Speaker 1: a lot of company to significantly underperform a mis financial guidance.
Speaker 1: So apparently Branding West is recommending director candidates and is
Speaker 1: urging the company need to pause any restructuring effort. So
Speaker 1: clearly maybe something that could be weighing on a stock today.
Speaker 1: That's why it's not rallying as much as the rest
Speaker 1: of the complex.
Speaker 3: All right, one more Warner Brothers, Discovery, Wonder Brothers, any news.
Speaker 1: Hit, well, no news yet. The news is that there's
Speaker 1: no news is evidently weighing on the stock today, so
Speaker 1: ticker WVD those airs are down one point six percent.
Speaker 1: We did get bids from Netflix, Comcast, Paramounts, Guide Dance,
Speaker 1: all within the November twentieth deadline, but now investors are
Speaker 1: really just wondering when are we get going to get
Speaker 1: the news, because if they don't reach a deal, then
Speaker 1: they just might just continue. It's their plan to separate
Speaker 1: their cable networks from the rest of the businesses. They're
Speaker 1: hoping to make a decision by Christmas, but doesn't seem like,
Speaker 1: you know, we're getting anywhere close. I mean, the bids
Speaker 1: are interesting, right, so Comcasts in Netflix primarily interested in
Speaker 1: the film and TV library, and Paramount is willing to
Speaker 1: buy the entire company. But I think the uncertainty just
Speaker 1: really comes from the fact that this is potentially going
Speaker 1: to be it's for owner in seven years, and so
Speaker 1: you can imagine investors not really liking the lack of
Speaker 1: certainty around its ownership moving forward.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
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