1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:18,919 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,079 --> 00:00:21,400 Speaker 4: I want to start with some happy news though, because 6 00:00:21,400 --> 00:00:23,920 Speaker 4: these stocks are doing really well today. So our Selects 7 00:00:24,120 --> 00:00:27,319 Speaker 4: up seventy eight percent of it is I checked I 8 00:00:27,320 --> 00:00:29,040 Speaker 4: want to see. I was surprised by the market cap 9 00:00:29,080 --> 00:00:31,160 Speaker 4: three point seven billion higher than I thought. This is 10 00:00:31,200 --> 00:00:34,440 Speaker 4: a biotech company getting bought out by Gilead Sciences. It 11 00:00:34,479 --> 00:00:36,800 Speaker 4: is a deal worth seven point eight billion dollars. And 12 00:00:36,840 --> 00:00:39,360 Speaker 4: here's how it breaks down. So Gilliad, already owned eleven 13 00:00:39,360 --> 00:00:42,479 Speaker 4: and a half percent of our Selects outstanding stock, is 14 00:00:42,520 --> 00:00:44,440 Speaker 4: going to pay one hundred and fifteen dollars a share 15 00:00:44,479 --> 00:00:48,560 Speaker 4: in cash. This is a represents a big premium, almost 16 00:00:48,680 --> 00:00:52,160 Speaker 4: double our Selects's Friday closing price. And what this steal 17 00:00:52,240 --> 00:00:53,519 Speaker 4: is going to do for Gilliad It is going to 18 00:00:53,520 --> 00:00:57,400 Speaker 4: expand help the company expand beyond its focus on antiviral 19 00:00:57,440 --> 00:01:01,680 Speaker 4: medicine into cancer and other disease areas. Urselects also developing 20 00:01:01,720 --> 00:01:04,360 Speaker 4: a new class of immunotherapies for patients with cancer and 21 00:01:04,400 --> 00:01:08,240 Speaker 4: other incurable diseases. So Wall Street seems to like this deal, 22 00:01:08,240 --> 00:01:09,880 Speaker 4: and I think it's going to be good for Gillia's 23 00:01:09,920 --> 00:01:13,360 Speaker 4: bottom line overall. Also a contingent payment of five dollars 24 00:01:13,400 --> 00:01:17,400 Speaker 4: per share dependent on future sales. So pretty nice deal 25 00:01:17,440 --> 00:01:18,560 Speaker 4: for Ourselects shareholders. 26 00:01:18,640 --> 00:01:22,520 Speaker 1: Gillia represented by BAA Securities and Morgan Stanley and our 27 00:01:22,600 --> 00:01:25,479 Speaker 1: Selects represented by Centerview Partners M and A. 28 00:01:25,480 --> 00:01:27,640 Speaker 4: All right, we've got to get through another biotech here, Tom, 29 00:01:27,640 --> 00:01:29,600 Speaker 4: before we do get that Domino's pizza. I can almost 30 00:01:29,640 --> 00:01:33,559 Speaker 4: smell it. Novo Nordisk, all right, this stock really taking 31 00:01:33,600 --> 00:01:36,120 Speaker 4: it on the chin this morning, down about seventeen percent, 32 00:01:36,480 --> 00:01:40,160 Speaker 4: lowest level now since twenty twenty one. So the Danish 33 00:01:40,200 --> 00:01:42,520 Speaker 4: drug maker just always seems to be about a step 34 00:01:42,600 --> 00:01:45,959 Speaker 4: or two behind Eli Lilly. It announced disappointing data for 35 00:01:46,040 --> 00:01:50,320 Speaker 4: its next generation obesity shot in comparison to Eli Lilly. 36 00:01:50,440 --> 00:01:54,400 Speaker 5: Can I do it audible please? With the Olympics brought 37 00:01:54,440 --> 00:02:00,400 Speaker 5: to us by the American pharmaceutical industry, yeahd telling me 38 00:02:00,480 --> 00:02:01,680 Speaker 5: this or telling me that. 39 00:02:02,040 --> 00:02:05,000 Speaker 4: And especially with all the athletes hurting themselves and having 40 00:02:05,000 --> 00:02:06,880 Speaker 4: real issues, and maybe that's not a bad thing. But 41 00:02:07,400 --> 00:02:09,880 Speaker 4: so so you know, an analysts are weighing in here. 42 00:02:10,080 --> 00:02:14,359 Speaker 4: One analyst said that this is a significant negative. That 43 00:02:14,880 --> 00:02:19,000 Speaker 4: is actually a worst case scenario, worst case scenario for 44 00:02:19,080 --> 00:02:22,760 Speaker 4: Novo Nordisk up against Eli Lilly. So they say that 45 00:02:22,840 --> 00:02:26,000 Speaker 4: this drug you know, is inferior, and it means it's 46 00:02:26,040 --> 00:02:29,840 Speaker 4: it's unlikely to help Novo retake the market share in obesity. 47 00:02:30,200 --> 00:02:33,040 Speaker 1: All right, So that's just some market continues to grow 48 00:02:33,080 --> 00:02:36,320 Speaker 1: and to get it into oral format. It's another growth spurt, 49 00:02:36,560 --> 00:02:37,400 Speaker 1: for sure, for sure. 50 00:02:37,400 --> 00:02:40,120 Speaker 4: All right, let's get to Tom's Domino's Pizza here. Do 51 00:02:40,200 --> 00:02:41,160 Speaker 4: you have Domino's Pizza? 52 00:02:41,200 --> 00:02:43,840 Speaker 5: Tom, I don't know, do I have it as you 53 00:02:43,960 --> 00:02:44,720 Speaker 5: thought it? 54 00:02:45,280 --> 00:02:47,160 Speaker 3: I'm all like, you know, New York City? 55 00:02:47,200 --> 00:02:48,320 Speaker 1: Oh yeah, of course, Hey. 56 00:02:48,120 --> 00:02:53,200 Speaker 5: A little more custom made pizzas and afterthoughts all Dominoes. 57 00:02:52,680 --> 00:02:56,799 Speaker 4: You know, Dominoes with a little glass of pino. Okay, 58 00:02:56,880 --> 00:02:59,560 Speaker 4: So look, the company reported a larger than expected rise 59 00:02:59,600 --> 00:03:03,079 Speaker 4: in com pro bowls sales, consumers drawn to its budget 60 00:03:03,080 --> 00:03:05,480 Speaker 4: friendly pies. I had a lot of value deals last quarter. 61 00:03:05,760 --> 00:03:09,119 Speaker 4: It has this stuffed crust pizza which people seem to love. 62 00:03:09,639 --> 00:03:11,560 Speaker 4: But then here's here's the other thing. Okay, So it 63 00:03:11,680 --> 00:03:14,919 Speaker 4: sold more food to its stores, it charged higher prices hello, 64 00:03:15,440 --> 00:03:20,160 Speaker 4: and collected more fees from franchise operators for advertising and royalty. 65 00:03:20,280 --> 00:03:21,800 Speaker 4: So that always helps the bottom line. 66 00:03:22,000 --> 00:03:22,600 Speaker 3: Yeah. 67 00:03:22,760 --> 00:03:25,560 Speaker 4: And so also greater awareness on door Dash. I guess 68 00:03:25,639 --> 00:03:28,480 Speaker 4: more people are ordering their Dominoes from door Dash. 69 00:03:29,080 --> 00:03:32,440 Speaker 3: I mean the Wisconsin six cheese is a favorite. 70 00:03:32,480 --> 00:03:33,480 Speaker 1: Oh yeah, is that a good one? 71 00:03:34,000 --> 00:03:37,200 Speaker 3: Well, it's a margin improver for Dominoes. I have to thought, 72 00:03:37,280 --> 00:03:39,040 Speaker 3: like the Wisconsin six cheese. 73 00:03:39,080 --> 00:03:41,600 Speaker 4: I did not know this. But also same store sales, 74 00:03:41,640 --> 00:03:44,080 Speaker 4: which we know is always a big metric for companies, 75 00:03:44,160 --> 00:03:46,760 Speaker 4: rose three point seven percent in the quarter, above the 76 00:03:46,800 --> 00:03:47,520 Speaker 4: three point three. 77 00:03:47,360 --> 00:03:53,000 Speaker 1: Percent roughly five Yeah, I still mentioned that down about 78 00:03:53,000 --> 00:03:55,440 Speaker 1: eight percent this year though, So yes, so they needed 79 00:03:55,440 --> 00:03:57,400 Speaker 1: this keep good good for them. 80 00:03:57,560 --> 00:03:59,400 Speaker 3: I think it's good to have a pizza stock after 81 00:03:59,440 --> 00:03:59,920 Speaker 3: the Olympic. 82 00:04:00,120 --> 00:04:04,320 Speaker 1: Yeah, Teddy App, their app is really good. I mean 83 00:04:04,320 --> 00:04:06,400 Speaker 1: it's one of those one click apps and the thing 84 00:04:06,400 --> 00:04:08,440 Speaker 1: it just appears to Domino's pizza you're talking about. H 85 00:04:08,560 --> 00:04:13,360 Speaker 1: So you the offspring and this is years ago, and 86 00:04:13,440 --> 00:04:14,840 Speaker 1: it was like I think they were like one of 87 00:04:14,880 --> 00:04:16,839 Speaker 1: the first good consumer apps. 88 00:04:17,160 --> 00:04:19,200 Speaker 4: I live not far from a Domino's Pizza and every 89 00:04:19,200 --> 00:04:22,120 Speaker 4: time I pass it like a block, smell it. 90 00:04:23,240 --> 00:04:27,280 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 91 00:04:27,360 --> 00:04:29,920 Speaker 2: us throughout the day for the latest roundup of companies 92 00:04:30,000 --> 00:04:33,080 Speaker 2: making news on Wall Street and for the latest market 93 00:04:33,120 --> 00:04:37,600 Speaker 2: moving headlines. 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