1 00:00:02,520 --> 00:00:08,720 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 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,079 --> 00:00:18,000 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,040 --> 00:00:21,279 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on what's 6 00:00:21,280 --> 00:00:23,920 Speaker 3: turning out to be a pretty busy Monday morning when 7 00:00:23,920 --> 00:00:27,560 Speaker 3: it comes to Monday merger news. But before we get 8 00:00:27,600 --> 00:00:30,400 Speaker 3: to some of the deals, Valerie, let's talk about the 9 00:00:30,400 --> 00:00:34,800 Speaker 3: big deal new details on how a US run TikTok 10 00:00:35,120 --> 00:00:35,640 Speaker 3: might look. 11 00:00:35,920 --> 00:00:39,479 Speaker 1: Good morning, Good morning, Nathan. More positive news when it 12 00:00:39,520 --> 00:00:42,040 Speaker 1: comes to Oracle. Shares of Oracle are up seven tens 13 00:00:42,040 --> 00:00:45,559 Speaker 1: of one percent in pre market. Oracle has now been 14 00:00:45,640 --> 00:00:49,239 Speaker 1: announced it will create and provide the security for a 15 00:00:49,280 --> 00:00:52,000 Speaker 1: new US version of TikTok's algorithm. 16 00:00:52,240 --> 00:00:54,280 Speaker 4: Data from US users would be stored in. 17 00:00:54,280 --> 00:00:58,480 Speaker 1: A secure cloud managed by Oracle, with controls established to 18 00:00:58,560 --> 00:01:01,600 Speaker 1: keep out foreign adversaries such as China. Comes a few 19 00:01:01,680 --> 00:01:08,399 Speaker 1: days after more positive deals for Oracle in its cloud business, and. 20 00:01:08,319 --> 00:01:10,720 Speaker 3: We're expecting more news as well out of the White 21 00:01:10,720 --> 00:01:14,240 Speaker 3: House later this afternoon that's affecting Tail and all maker 22 00:01:14,400 --> 00:01:15,600 Speaker 3: Kenview this morning. 23 00:01:15,800 --> 00:01:18,280 Speaker 1: Yeah, Kenview shares are down over four and a half 24 00:01:18,400 --> 00:01:22,360 Speaker 1: percent in pre market here in Nathan. This comes after 25 00:01:22,480 --> 00:01:26,600 Speaker 1: a Washington Post article that Trump the Trump administration plans 26 00:01:26,600 --> 00:01:30,119 Speaker 1: to link the active ingredient in thailanol to autism. Now 27 00:01:30,160 --> 00:01:34,520 Speaker 1: officials plan to warn pregnant women against using the medication 28 00:01:34,680 --> 00:01:37,760 Speaker 1: while pregnant. Now, this first thing was floated around two 29 00:01:37,840 --> 00:01:41,760 Speaker 1: weeks ago by RFK, and since then, shares of Kenview 30 00:01:41,800 --> 00:01:44,679 Speaker 1: have sunk over fifteen percent in today's a pre market 31 00:01:44,720 --> 00:01:46,040 Speaker 1: move adding to those worries. 32 00:01:46,440 --> 00:01:50,120 Speaker 3: And now let's get to the deal news on this merger. Monday, 33 00:01:50,160 --> 00:01:53,800 Speaker 3: it's official for Pfizer making a big move this morning. 34 00:01:54,040 --> 00:01:56,600 Speaker 1: Pfizer making a very big move this morning, trying to 35 00:01:56,600 --> 00:01:59,920 Speaker 1: get its way back into the obesity drug space, hasn't. 36 00:01:59,640 --> 00:02:02,600 Speaker 4: Announced an acquisition of met Sarah. 37 00:02:02,680 --> 00:02:06,160 Speaker 1: Shares of Metsarah absolutely flying up nearly sixty percent so 38 00:02:06,280 --> 00:02:08,760 Speaker 1: far in pre market trade. Pfizer, on the other hand, 39 00:02:08,840 --> 00:02:10,920 Speaker 1: is up two point seven percent, so this deal is 40 00:02:10,919 --> 00:02:14,480 Speaker 1: seen as very positive for both of the makers Pfizer. 41 00:02:15,400 --> 00:02:20,400 Speaker 1: This really comes after Pfiser has essentially backtracked in the 42 00:02:20,440 --> 00:02:23,840 Speaker 1: obesity market because of its new drug failed some tests 43 00:02:23,880 --> 00:02:25,760 Speaker 1: back in April, and so they've been trying to claw 44 00:02:25,840 --> 00:02:26,560 Speaker 1: their way back in. 45 00:02:27,000 --> 00:02:29,240 Speaker 4: Met Sarah has an obesity. 46 00:02:28,760 --> 00:02:32,840 Speaker 1: Drug that is only a once monthly shot, so that 47 00:02:32,960 --> 00:02:35,960 Speaker 1: is why Pfizer has nailed in on them for their 48 00:02:35,960 --> 00:02:40,200 Speaker 1: first acquisition in this space. Seven billion dollar acquisition, and 49 00:02:40,280 --> 00:02:43,640 Speaker 1: it's looking like that might attempt to gain some ground 50 00:02:43,800 --> 00:02:47,280 Speaker 1: versus Eli, Lilly and Novo Nordisk in the obesit drug market. 51 00:02:47,320 --> 00:02:50,000 Speaker 3: And a hot on the heels of Met Sarah is 52 00:02:50,040 --> 00:02:54,560 Speaker 3: another apparently official acquisition target. This is Anywhere real. 53 00:02:54,440 --> 00:02:58,280 Speaker 1: Estate, Anywhere real Estate and Compass are set to emerge 54 00:02:58,280 --> 00:02:59,960 Speaker 1: in an all Stark deal. Now you might not hurt 55 00:03:00,120 --> 00:03:02,799 Speaker 1: of Anywhere, but they have some of the country's most 56 00:03:02,880 --> 00:03:08,359 Speaker 1: recognizable real estate brands, including Century twenty one, Coldwell Banker, Corcoran, 57 00:03:08,480 --> 00:03:11,960 Speaker 1: and Sotha Beees, so they have agreed to merge with Compass. Now, 58 00:03:12,000 --> 00:03:15,400 Speaker 1: Compass in Anywhere are already the first and second biggest 59 00:03:15,400 --> 00:03:18,480 Speaker 1: brokerage by volume in twenty twenty four. So this is 60 00:03:18,480 --> 00:03:21,519 Speaker 1: the clearest sign yet that the long stretch of lackluster 61 00:03:21,600 --> 00:03:25,360 Speaker 1: home sales in the US is sparking industry consolidation. But 62 00:03:25,480 --> 00:03:28,280 Speaker 1: note that the industry is still very fragmented. Even with 63 00:03:28,360 --> 00:03:31,240 Speaker 1: this combined firm, it'll control less than the quarter of 64 00:03:31,240 --> 00:03:34,720 Speaker 1: the country's home sales volume, as the real estate brokerage 65 00:03:34,760 --> 00:03:37,400 Speaker 1: industry is highly fragmented in the US. But the shares 66 00:03:37,680 --> 00:03:40,240 Speaker 1: are really liking this new We have shares of Anywhere 67 00:03:40,320 --> 00:03:43,120 Speaker 1: up over fifty percent and on the flip side, shares 68 00:03:43,160 --> 00:03:44,800 Speaker 1: of Compass down eight percent. 69 00:03:45,960 --> 00:03:50,000 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 70 00:03:50,080 --> 00:03:52,640 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:52,720 --> 00:03:55,800 Speaker 2: making news on Wall Street and for the latest market 72 00:03:55,840 --> 00:03:59,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on 73 00:03:59,800 --> 00:04:03,480 Speaker 2: you Tube, Bloomberg dot com, and on Applecarplay and Android 74 00:04:03,480 --> 00:04:10,120 Speaker 2: Auto with the Bloomberg Business app MHM.