WEBVTT - Delta Rises, Novo Falls, MP Materials After WSJ Report

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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>Let's take a look at some of the stocks on

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<v Speaker 3>the move today on Paul Sweeney alongside Scarlatfu and we're

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<v Speaker 3>joined by.

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<v Speaker 4>Bloomberg's Bailey Lipshaltz Billybody looking up.

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<v Speaker 3>Yeah, some of the best performing stocks in the S

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<v Speaker 3>and P five hundred this morning are in the airline space.

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<v Speaker 3>This comes after Delta Air ticker dl reported earnings that

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<v Speaker 3>beat expectations and kind of talked up guidance for fourth

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<v Speaker 3>quarter and some of the strength they expect to continue

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<v Speaker 3>to see into twenty twenty six. So Delta Air shares

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<v Speaker 3>up about five and a half percent. Also keeping eye,

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<v Speaker 3>as I mentioned, United Health or United Airlines excuse me,

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<v Speaker 3>up close to four percent.

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<v Speaker 4>Alaska Air trading higher.

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<v Speaker 3>So this comes after management a bit more optimistic not

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<v Speaker 3>only on business demand but broader travel spending, saying that

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<v Speaker 3>they expect to see potentially a record fourth quarter for

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<v Speaker 3>the company.

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<v Speaker 4>People travel for holidays.

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<v Speaker 3>But also a thing to keep in mind, as Bloomberg

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<v Speaker 3>had reported earlier this morning, we're starting to see some

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<v Speaker 3>of those cracks showing up with the government shutdown, what

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<v Speaker 3>that means for the FAA and how that could impact it.

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<v Speaker 3>So management was asked about that, basically saying that, you know,

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<v Speaker 3>if this is extended, that could impact fourth quarter demand,

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<v Speaker 3>but for now they're not really seeing.

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<v Speaker 1>That show up absolutely all right, So Delta a clear

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<v Speaker 1>winner here. You're also keeping an eye on the pharmer space,

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<v Speaker 1>and there's some M and a yeah, m.

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<v Speaker 3>And a Novo Nordisk acquiring a Caro Therapeutics. So Novo

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<v Speaker 3>ADRs ticker ENVO down about one percent and a care

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<v Speaker 3>of Therapeutics up more than sixteen percent, trading about fifty

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<v Speaker 3>four dollars, So this is a four point seven billion

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<v Speaker 3>dollars deal that could be bumped up if the company's

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<v Speaker 3>drug is successful. So not only is there a fifty

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<v Speaker 3>four dollars cash component, there's also a contingent value right Basically,

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<v Speaker 3>Novo Nordisk trying to build out its weight loss opportunities.

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<v Speaker 3>A Caro is not in the weight loss space, but

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<v Speaker 3>treating the deadly liver disease is mash, not the TV show,

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<v Speaker 3>So this is something that could build out their portfolio.

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<v Speaker 3>Again looking through some of the quick analyst reactions, basically

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<v Speaker 3>saying Novo has a lot of wood to chop to

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<v Speaker 3>try to get back to where it was trading before.

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<v Speaker 3>Management talking up this acquisition saying that they want to

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<v Speaker 3>be able to treat not only the weight loss space,

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<v Speaker 3>but also other issues related to the liver fatty liver

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<v Speaker 3>as well.

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<v Speaker 1>Yeah, I'm looking at this and apparently MASH is one

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<v Speaker 1>of the most prevalent obesity related to comorbidities to so

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<v Speaker 1>you know, it's rounding outs portfolio in a very interesting

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<v Speaker 1>holistic way.

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<v Speaker 4>It all fits into that argument.

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<v Speaker 3>And really this does come after Novo's drug that they

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<v Speaker 3>were developing and the space failed, so this is kind

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<v Speaker 3>of trying to replace that. As we see again, not

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<v Speaker 3>only are some of the shot weight loss shots we

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<v Speaker 3>go vi ozepic being pretty successful, there is uncertainty again

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<v Speaker 3>with potential pills and also once those things lose their patents,

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<v Speaker 3>so trying to stay ahead of the game and trying

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<v Speaker 3>to build it out. This again, according to analyst expectations,

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<v Speaker 3>could be a billions upon billions of dollars of potential revenue,

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<v Speaker 3>so a big purchase for Novo Nordice. But again just

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<v Speaker 3>a small kind of step in the direction.

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<v Speaker 4>For the company. All Right, one more Walkware. Yeah, keep

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<v Speaker 4>an eye on MP materialsticker.

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<v Speaker 3>MP up about five percent, seeing a rally across US

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<v Speaker 3>listed rare earth and critical mineral stocks. This comes after

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<v Speaker 3>reports that China is going to apply a default ban

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<v Speaker 3>on defense sector exports of those materials, so investors piling

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<v Speaker 3>into companies that are tied to the US government trying

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<v Speaker 3>to secure some of those non China supply chains for

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<v Speaker 3>rare earths.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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

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