1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:13,680 --> 00:00:16,080 Speaker 1: Harnessing the power of Bloomberg. 4 00:00:15,600 --> 00:00:21,160 Speaker 2: Data, Let's take a look at some of the stocks 5 00:00:21,200 --> 00:00:23,240 Speaker 2: on the move today. We can do that with Bloomberg's 6 00:00:23,280 --> 00:00:25,000 Speaker 2: but Donna Hirich as she joins us here in a 7 00:00:25,000 --> 00:00:26,079 Speaker 2: studio of Donna, what are you looking at? 8 00:00:26,200 --> 00:00:27,960 Speaker 3: Hi, good morning, thanks for having me. I'm looking at 9 00:00:27,960 --> 00:00:30,840 Speaker 3: shares of Eli Lilly. That's stick her l l Y 10 00:00:31,080 --> 00:00:33,280 Speaker 3: up some four percent today after the company agreed to 11 00:00:33,280 --> 00:00:37,280 Speaker 3: buy sleep drug maker sent Tessa Pharmaceuticals in a deal 12 00:00:37,360 --> 00:00:40,760 Speaker 3: worth up to seven point eight billion dollars. And this 13 00:00:40,800 --> 00:00:42,680 Speaker 3: is interesting to me because it's a sign that the 14 00:00:42,680 --> 00:00:46,040 Speaker 3: weight loss medication giant is really looking to bulk up 15 00:00:46,080 --> 00:00:50,839 Speaker 3: its treatment pipeline for other conditions. Lily said it will 16 00:00:50,880 --> 00:00:54,400 Speaker 3: pay thirty eight dollars a share for Sintessa, plus another 17 00:00:54,600 --> 00:00:58,760 Speaker 3: nine dollars a share if some milestone targets are met. 18 00:00:58,880 --> 00:01:01,480 Speaker 3: So really interesting to sort of keep track of what 19 00:01:01,880 --> 00:01:03,600 Speaker 3: the weight loss the companies that we know for weight 20 00:01:03,640 --> 00:01:06,920 Speaker 3: loss drugs are doing to stay competitive. Yeah, and sleep 21 00:01:07,000 --> 00:01:09,319 Speaker 3: is a huge business as well. Let's stay with the 22 00:01:09,480 --> 00:01:12,160 Speaker 3: M and A theme because you've got another name for us. Yes, 23 00:01:12,640 --> 00:01:16,840 Speaker 3: we were just talking about McCormick ticker MKC, which fell 24 00:01:16,920 --> 00:01:19,680 Speaker 3: as much as ten percent today in earlier trading, down 25 00:01:19,720 --> 00:01:22,240 Speaker 3: about six percent right now. And as we just heard, 26 00:01:22,319 --> 00:01:25,160 Speaker 3: Unilever did agree to combine its food business with the 27 00:01:25,160 --> 00:01:29,040 Speaker 3: spice maker in a forty five billion dollar deal that 28 00:01:29,120 --> 00:01:34,840 Speaker 3: will essentially create Global Seasonings, Sauces and Condiments company. We 29 00:01:34,959 --> 00:01:38,920 Speaker 3: know that big food businesses like Unilever have been struggling 30 00:01:38,959 --> 00:01:44,120 Speaker 3: in recent years to attract less wealthy consumers, sorry, to 31 00:01:44,360 --> 00:01:47,280 Speaker 3: attract a number of consumers in general, because we know 32 00:01:47,400 --> 00:01:50,000 Speaker 3: less wealthy consumers have been pulling back on spending and 33 00:01:50,080 --> 00:01:52,040 Speaker 3: choosing cheaper store brands. 34 00:01:52,280 --> 00:01:53,920 Speaker 4: I've been doing. I think you know a lot of 35 00:01:53,920 --> 00:01:56,800 Speaker 4: the products. It's fine sub products. I'm like, now I'm 36 00:01:56,800 --> 00:01:59,560 Speaker 4: going to go back to the naghbor Like what Planter's peanuts, 37 00:02:00,360 --> 00:02:03,040 Speaker 4: But the taste yep so, but everything a lot of 38 00:02:03,040 --> 00:02:03,840 Speaker 4: other stuff. I'm okay. 39 00:02:04,040 --> 00:02:07,080 Speaker 3: Luckily we have Planter's peanuts on at the Bloomberg Golfic. 40 00:02:07,160 --> 00:02:08,480 Speaker 2: Yes we do, Yes, we do that. 41 00:02:09,040 --> 00:02:09,800 Speaker 1: We know that. 42 00:02:10,040 --> 00:02:13,880 Speaker 4: So okay, here's something I never got into back the day. 43 00:02:14,240 --> 00:02:16,440 Speaker 4: But it's a thing all birds, all birds. 44 00:02:16,480 --> 00:02:18,600 Speaker 3: A lot of people got into it back in the day, 45 00:02:18,680 --> 00:02:20,840 Speaker 3: including my husband who bought so many pairs that we 46 00:02:21,280 --> 00:02:24,600 Speaker 3: have on like three untouched pairs in our various closets. 47 00:02:24,639 --> 00:02:27,840 Speaker 3: That's ticker b I r D, shares of which are 48 00:02:27,880 --> 00:02:30,680 Speaker 3: down some three percent right now after American Exchange Group 49 00:02:31,120 --> 00:02:33,760 Speaker 3: said it was agreeing to buy all of the assets 50 00:02:33,800 --> 00:02:36,760 Speaker 3: and intellectual property of the what we're calling a once 51 00:02:36,840 --> 00:02:40,440 Speaker 3: buzzy footwear brand, and that deal is worth some thirty 52 00:02:40,520 --> 00:02:44,160 Speaker 3: nine million dollars and the shoemaker said the deal is 53 00:02:44,200 --> 00:02:47,480 Speaker 3: expected to close in the second quarter. It still needs 54 00:02:46,919 --> 00:02:51,160 Speaker 3: shareholder approval. But it is interesting to me because it 55 00:02:51,240 --> 00:02:54,280 Speaker 3: had been known for, you know, being sort of a 56 00:02:54,280 --> 00:02:58,200 Speaker 3: popular footwear brand that maybe lost some of its module. 57 00:02:58,280 --> 00:03:01,079 Speaker 3: Silicon Valley guys really like those sheds, right. It was 58 00:03:01,120 --> 00:03:03,520 Speaker 3: the Marino wool sneakers. You could wash them, I think 59 00:03:03,560 --> 00:03:05,440 Speaker 3: you could the the you know, you could wash them. 60 00:03:05,440 --> 00:03:07,040 Speaker 3: And there was no structure to it. It was all 61 00:03:07,120 --> 00:03:07,960 Speaker 3: kind of just floppy. 62 00:03:08,080 --> 00:03:08,680 Speaker 2: Yes, very. 63 00:03:10,560 --> 00:03:14,600 Speaker 1: The Stock Movers Report from Bloomberg Radio. 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