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 Data. Let's take a look
Speaker 1: at some of the stocks on the move today. I'm
Speaker 1: Paul swinging alongside Scarlet Foo when we're joined by Bloomberg's
Speaker 1: Nora and Linda Nora.
Speaker 2: What are you looking at today? Well, there was a
Speaker 2: lot to dig into this morning as I was kind
Speaker 2: of sifting through some of these stocks. I've got eyes
Speaker 2: on Kimberly Clark. This is ticker KMB really in focus
Speaker 2: here alongside Kinview, which is ticker KVUE. You've got shares
Speaker 2: of Kimberly Clark plunging as the worst performing stock on
Speaker 2: the S and P five hundred. It's worst day in
Speaker 2: twenty five years. Elevated trading volume that we're seeing here.
Speaker 2: This is the biggest drop since March seven, two thousand
Speaker 2: and this is after the company agreed to buy Kinview
Speaker 2: for roughly forty billion dollars. This will value Kenview at
Speaker 2: forty eight point seven billion on an enterprise basis here,
Speaker 2: and it's really just you'rre stating the street just trying
Speaker 2: to digest this this deal here and thinking about the
Speaker 2: implications here for Kimberly Clark. If you look at shares
Speaker 2: of Kinview, they are rising though, among the best performing
Speaker 2: stocks in the S and P five hundred. But this
Speaker 2: combination should create a company worth about thirty two billion
Speaker 2: dollars in revenue and it allow it to surpass Unilever
Speaker 2: to become the second biggest seller of health and wellness products,
Speaker 2: following Procter and Gamble.
Speaker 1: There, Yeah, a pretty big giant to the consumer good space.
Speaker 2: Let's talk about the five trillion dollar company in video
Speaker 2: and video, of course, we can't stop talking about that one.
Speaker 2: And this is a deal between and we're looking at
Speaker 2: Amazon and in video right now. Of course, we know
Speaker 2: Amazon's cloud unit signed a thirty eight billion dollar deal
Speaker 2: to supply a slice of open aiy's demand for computing powers.
Speaker 2: So we did see shares of Amazon rising up, extending
Speaker 2: their record high Street that we're seeing today up as
Speaker 2: much as five point nine percent. Now this of course
Speaker 2: open ai will pay AWS for act says the hundreds
Speaker 2: of thousands of Nvidia GPUs as part of a seven
Speaker 2: year deal. This was announced between the two companies today
Speaker 2: so you really are seeing Wall Street investors clearly celebrating
Speaker 2: this collaboration that we're seeing between some of these major
Speaker 2: powerhouses here. All right, one more for us, one more,
Speaker 2: another deal. We can't stop talking about deals on this Monday.
Speaker 2: Here's a Microsoft and Focus. This is MSFT and alongside
Speaker 2: Iron this is Ire in the ticker there. This is
Speaker 2: Iron is an Australia based renewable energy company. They essentially
Speaker 2: manage next gen data centers that are powered by renewable
Speaker 2: energy and this is all optimized for bitcoin mining services
Speaker 2: and other power dense compute. But you saw Microsoft signing
Speaker 2: a deal to buy this company for about nine point
Speaker 2: seven billion dollars. This is a five year agreement and
Speaker 2: this will give Microsoft access to Nvidia systems in Texas
Speaker 2: and it includes a twenty percent pre payment. Here, So
Speaker 2: lots of Nvidia action clearly going on today in the
Speaker 2: market and a lot of deals happening on this Monday.
Speaker 1: This Stockmover's report from Bloomberg Radio. Check back with us
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