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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market. Harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm time Keen with Paul Sweeney and Bloomberg's John Tucker.

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Speaker 3: With what's moving on a Monday. All right, let's go

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Speaker 3: a few blocks downtown to the headquarters of Peiser, New

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Speaker 3: York based Fizer. You are going to pay four point

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Speaker 3: nine billion dollars for an obesity startup. The name of

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Speaker 3: this company met Sarah. It is publicly traded Pfiser trying

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Speaker 3: to catch up, as we all know, they've had difficult

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Speaker 3: times trying to compete with its weight loss medication. So

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Speaker 3: they're going to buy met Sarah for forty seven fifty

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Speaker 3: in cash. This is per share, and then to complicate things,

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Speaker 3: they're going to have further payments of up to twenty

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Speaker 3: two to fifty per share if three specific and regulatory

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Speaker 3: milestones are met. So it's a total potential value of

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Speaker 3: this deal of seven point three billion dollars, and it

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Speaker 3: represents a forty three percent premium to Metsara's closing price

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Speaker 3: that was on Friday advisers in the process of rebuilding

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Speaker 3: in the aftermath of the pandemic. You had demand dropping

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Speaker 3: off of vaccines and the pill for COVID, and some

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Speaker 3: of the company's key drugs coming to the end of

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Speaker 3: their path life, So why not make an act very cool.

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Speaker 1: It's a little company out of New York City, but

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Speaker 1: Sir Stephen Bloom out of Imperial College is the medical

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Speaker 1: force behind it. He's just absolutely definitive in endocrinology. It's

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Speaker 1: just I don't know if he makes a dollar, ten

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Speaker 1: dollars or one hundred dollars, but Sir Stephen owns the

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Speaker 1: high ground on what's called peptide.

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Speaker 3: Research, and Metzera is developing a shot which you would

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Speaker 3: need only once a months, so it's less a month,

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Speaker 3: less frequent than no one nor disc and excusing lilies

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Speaker 3: all White House officials says Oracle could recreate and provide

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Speaker 3: security for a new US version of TikTok's algorithm. This

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Speaker 3: comes under a deal it's taking shape right now to

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Speaker 3: sell TikTok to a consortion of American investors. The arrangement

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Speaker 3: seeks to ensure that American buyers control TikTok's recommendation software

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Speaker 3: in the US following a divest sure by a byte Dance,

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Speaker 3: the Chinese parent, now owners of the US based TikTok,

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Speaker 3: would lease a copy the algorithm from byte Dance that

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Speaker 3: Oracle would then retrain from the ground up. Data from

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Speaker 3: US users would be stored in a secure cloud managed

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Speaker 3: by Oracle, with controls established to keep out foreign adversaries,

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Speaker 3: including China's. So this is actually a key part of

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Speaker 3: what legislators wanted with respect to or shares of Oracle

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Speaker 3: up a bit this year.

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Speaker 1: Thank you for recommending that.

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Speaker 3: And that's not the only thing is they promoted a

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Speaker 3: executives this morning. I'm going to massacre these names, but

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Speaker 3: Clay mcgork and Mike Cilia will be the joint chief

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Speaker 3: executive officers, replacing saffricats. You have one more, quick, real quickly,

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Speaker 3: soul to have one more. Yeah, Justice Department gets a

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Speaker 3: second chance to force a breakup of Google. Today. They're

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Speaker 3: heading to court before the Virginia Fedo judge rule the

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Speaker 3: search giant illegally monopolized advertising technology markets. You're talking about

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Speaker 3: the advertising exchange addicts, So we'll see. I mean, they've

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Speaker 3: been pretty fortunate in terms of like the remedies, but

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Speaker 3: we'll see what happens today in Virginia.

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Speaker 2: Report the Stock Movers Report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on applecar Play and

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