Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg.
Speaker 2: Data, Let's take a look at some of the stocks
Speaker 2: on the move today. We can do that with Bloomberg's
Speaker 2: but Donna Hirich as she joins us here in a
Speaker 2: studio of Donna, what are you looking at?
Speaker 3: Hi, good morning, thanks for having me. I'm looking at
Speaker 3: shares of Eli Lilly. That's stick her l l Y
Speaker 3: up some four percent today after the company agreed to
Speaker 3: buy sleep drug maker sent Tessa Pharmaceuticals in a deal
Speaker 3: worth up to seven point eight billion dollars. And this
Speaker 3: is interesting to me because it's a sign that the
Speaker 3: weight loss medication giant is really looking to bulk up
Speaker 3: its treatment pipeline for other conditions. Lily said it will
Speaker 3: pay thirty eight dollars a share for Sintessa, plus another
Speaker 3: nine dollars a share if some milestone targets are met.
Speaker 3: So really interesting to sort of keep track of what
Speaker 3: the weight loss the companies that we know for weight
Speaker 3: loss drugs are doing to stay competitive. Yeah, and sleep
Speaker 3: is a huge business as well. Let's stay with the
Speaker 3: M and A theme because you've got another name for us. Yes,
Speaker 3: we were just talking about McCormick ticker MKC, which fell
Speaker 3: as much as ten percent today in earlier trading, down
Speaker 3: about six percent right now. And as we just heard,
Speaker 3: Unilever did agree to combine its food business with the
Speaker 3: spice maker in a forty five billion dollar deal that
Speaker 3: will essentially create Global Seasonings, Sauces and Condiments company. We
Speaker 3: know that big food businesses like Unilever have been struggling
Speaker 3: in recent years to attract less wealthy consumers, sorry, to
Speaker 3: attract a number of consumers in general, because we know
Speaker 3: less wealthy consumers have been pulling back on spending and
Speaker 3: choosing cheaper store brands.
Speaker 4: I've been doing. I think you know a lot of
Speaker 4: the products. It's fine sub products. I'm like, now I'm
Speaker 4: going to go back to the naghbor Like what Planter's peanuts,
Speaker 4: But the taste yep so, but everything a lot of
Speaker 4: other stuff. I'm okay.
Speaker 3: Luckily we have Planter's peanuts on at the Bloomberg Golfic.
Speaker 2: Yes we do, Yes, we do that.
Speaker 1: We know that.
Speaker 4: So okay, here's something I never got into back the day.
Speaker 4: But it's a thing all birds, all birds.
Speaker 3: A lot of people got into it back in the day,
Speaker 3: including my husband who bought so many pairs that we
Speaker 3: have on like three untouched pairs in our various closets.
Speaker 3: That's ticker b I r D, shares of which are
Speaker 3: down some three percent right now after American Exchange Group
Speaker 3: said it was agreeing to buy all of the assets
Speaker 3: and intellectual property of the what we're calling a once
Speaker 3: buzzy footwear brand, and that deal is worth some thirty
Speaker 3: nine million dollars and the shoemaker said the deal is
Speaker 3: expected to close in the second quarter. It still needs
Speaker 3: shareholder approval. But it is interesting to me because it
Speaker 3: had been known for, you know, being sort of a
Speaker 3: popular footwear brand that maybe lost some of its module.
Speaker 3: Silicon Valley guys really like those sheds, right. It was
Speaker 3: the Marino wool sneakers. You could wash them, I think
Speaker 3: you could the the you know, you could wash them.
Speaker 3: And there was no structure to it. It was all
Speaker 3: kind of just floppy.
Speaker 2: Yes, very.
Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,
Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 1: the Bloomberg Business app.