WEBVTT - Bristol-Myers Positive, Cooper Jumps, WBD Declines

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market harnessing the power of Bloomberg data.

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<v Speaker 3>It's called the flu Paul Sweeney live here on a

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<v Speaker 3>Bloomberg Interactive Broker studio, streaming live on YouTube as well.

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<v Speaker 3>Boy Green on the screen. That's for sure. Let's take

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<v Speaker 3>a look at some of the stocks on the move today.

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<v Speaker 3>We're joined by Bloomberg Christina, you know, Christine, what are

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<v Speaker 3>you looking at?

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<v Speaker 1>Well, Paull, it's not just tech that is leading this

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<v Speaker 1>rally today. We have a rally in a lot of

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<v Speaker 1>other companies as well, including Bristol Myers so ticker bmy

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<v Speaker 1>Those shares are up more than four percent at the moment.

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<v Speaker 1>So interestingly, it's actually benefiting not necessarily from its own news,

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<v Speaker 1>but because of news from it's a competitor, Bear, but

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<v Speaker 1>has positive read across for this company. So Bear's experimental

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<v Speaker 1>stroke prevention drug saw some positive results in counter Fitzgerald

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<v Speaker 1>analyst saying that Bear's data supports confidence and bmise oh

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<v Speaker 1>in the program in secondary stroke prevention, and so very interesting,

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<v Speaker 1>especially because in the context of earlier declines earlier this

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<v Speaker 1>month because bmwy's most important experimental medicines appeared unlikely to

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<v Speaker 1>benefit patients who suffered a hard complication. So that was

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<v Speaker 1>a setback earlier this month. But now looks like they're

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<v Speaker 1>benefiting from this positive results from Bears, a stroke prevention drug.

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<v Speaker 1>So there you go, all.

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<v Speaker 2>Right, good stuff. Second stock you're watching.

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<v Speaker 1>We're looking at Cooper Companies today, So took her COO.

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<v Speaker 1>Those shares up just slightly h four tens of one

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<v Speaker 1>percent now, So Cooper Companies, it's a maker of medical

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<v Speaker 1>devices and surgical instruments, is getting a little bit of

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<v Speaker 1>activist action, actually, so investors. Branding West writing a letter

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<v Speaker 1>to its board saying that it's quote inadequate oversight, has

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<v Speaker 1>a lot of company to significantly underperform a mis financial guidance.

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<v Speaker 1>So apparently Branding West is recommending director candidates and is

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<v Speaker 1>urging the company need to pause any restructuring effort. So

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<v Speaker 1>clearly maybe something that could be weighing on a stock today.

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<v Speaker 1>That's why it's not rallying as much as the rest

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<v Speaker 1>of the complex.

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<v Speaker 3>All right, one more Warner Brothers, Discovery, Wonder Brothers, any news.

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<v Speaker 1>Hit, well, no news yet. The news is that there's

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<v Speaker 1>no news is evidently weighing on the stock today, so

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<v Speaker 1>ticker WVD those airs are down one point six percent.

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<v Speaker 1>We did get bids from Netflix, Comcast, Paramounts, Guide Dance,

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<v Speaker 1>all within the November twentieth deadline, but now investors are

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<v Speaker 1>really just wondering when are we get going to get

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<v Speaker 1>the news, because if they don't reach a deal, then

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<v Speaker 1>they just might just continue. It's their plan to separate

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<v Speaker 1>their cable networks from the rest of the businesses. They're

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<v Speaker 1>hoping to make a decision by Christmas, but doesn't seem like,

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<v Speaker 1>you know, we're getting anywhere close. I mean, the bids

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<v Speaker 1>are interesting, right, so Comcasts in Netflix primarily interested in

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<v Speaker 1>the film and TV library, and Paramount is willing to

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<v Speaker 1>buy the entire company. But I think the uncertainty just

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<v Speaker 1>really comes from the fact that this is potentially going

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<v Speaker 1>to be it's for owner in seven years, and so

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<v Speaker 1>you can imagine investors not really liking the lack of

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<v Speaker 1>certainty around its ownership moving forward.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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