1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,320 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:18,320 --> 00:00:19,640 Speaker 1: at some of the stocks on the move today. We're 5 00:00:19,680 --> 00:00:21,880 Speaker 1: doing by bloombergs Normal, Linda Normal, what are you looking 6 00:00:21,880 --> 00:00:22,040 Speaker 1: at it? 7 00:00:22,200 --> 00:00:24,880 Speaker 2: Well, a super super busy earnings day today, but I'm 8 00:00:24,920 --> 00:00:26,600 Speaker 2: keeping an eye on Coals. Of course, this is the 9 00:00:26,600 --> 00:00:29,800 Speaker 2: news that everyone's been really looking through parsing through. The 10 00:00:29,840 --> 00:00:34,120 Speaker 2: CEO was removed from the board and the CEO will 11 00:00:34,159 --> 00:00:37,199 Speaker 2: be stepping down. This is after the board found out 12 00:00:37,240 --> 00:00:41,600 Speaker 2: that uh Buchanan, Ashley Buchanan, the CEO, was being pushed 13 00:00:41,640 --> 00:00:45,080 Speaker 2: a company to enter into a multimillion dollar consulting agreement 14 00:00:45,080 --> 00:00:47,519 Speaker 2: where they found out that same individual was also a 15 00:00:47,520 --> 00:00:50,240 Speaker 2: part of the consulting team and it was made clear 16 00:00:50,280 --> 00:00:53,680 Speaker 2: that mister Buchanan did not disclose this relationship as was 17 00:00:53,720 --> 00:00:56,560 Speaker 2: required under the company's code of ethics. So, of course 18 00:00:56,560 --> 00:00:58,200 Speaker 2: that's going to be a shake up at Cole's and 19 00:00:58,240 --> 00:01:00,960 Speaker 2: they did put in an interim CEO that pulled from 20 00:01:01,000 --> 00:01:04,280 Speaker 2: the board. So great for Coals in that scenario. But 21 00:01:04,760 --> 00:01:07,480 Speaker 2: we are seeing shares of the company higher up about 22 00:01:07,840 --> 00:01:10,440 Speaker 2: seven percent right now. So it seems as though Wall 23 00:01:10,440 --> 00:01:12,600 Speaker 2: Street is happy that this is being cleared up here, 24 00:01:12,640 --> 00:01:14,480 Speaker 2: but definitely a lot of uncertainty when you look at 25 00:01:14,480 --> 00:01:17,240 Speaker 2: it on a broader landscape. I mean, we're seeing Coals 26 00:01:17,240 --> 00:01:20,720 Speaker 2: shares down about forty nine percent so far this year, 27 00:01:20,800 --> 00:01:23,759 Speaker 2: so brutal year for the company thus far. Yeah, talk 28 00:01:23,800 --> 00:01:25,840 Speaker 2: about brutal. All right, let's go to Eli Lily. That's 29 00:01:25,840 --> 00:01:27,600 Speaker 2: not come around. The loads of the session done about 30 00:01:27,600 --> 00:01:30,680 Speaker 2: eight percent. What happened here that's giving so much angst 31 00:01:30,760 --> 00:01:33,440 Speaker 2: to investors. So what's happening here with Eli Lily is 32 00:01:33,640 --> 00:01:36,840 Speaker 2: the CBS situation that's going on there. So Cees said 33 00:01:36,840 --> 00:01:39,280 Speaker 2: that it will be dropping Eli Lilly's weight loss drug 34 00:01:39,360 --> 00:01:42,120 Speaker 2: zet bound. They will then be turning toward Novo Nordists 35 00:01:43,200 --> 00:01:47,000 Speaker 2: Wagovy drug instead. So of course, this isn't great news 36 00:01:47,040 --> 00:01:49,320 Speaker 2: for Eli Lily to lose such a deal like that. 37 00:01:49,440 --> 00:01:52,000 Speaker 2: We're seeing Lily shares Eli Lily shares down about eight 38 00:01:52,080 --> 00:01:55,600 Speaker 2: percent right now, but we are seeing Novo Nordists shares 39 00:01:55,720 --> 00:01:58,000 Speaker 2: up just a touch, about half a percent right now. 40 00:01:58,040 --> 00:01:59,560 Speaker 2: But we do think that, of course, this is some 41 00:01:59,600 --> 00:02:01,559 Speaker 2: great news for Novo Nordis to be getting this deal 42 00:02:01,800 --> 00:02:04,280 Speaker 2: with CBS for a stock that's been down about twenty 43 00:02:04,280 --> 00:02:07,560 Speaker 2: two percent this year in comparison to elilaly seven percent 44 00:02:07,600 --> 00:02:11,720 Speaker 2: gain Microsoft, how about that one. I mean, that's really 45 00:02:11,800 --> 00:02:15,360 Speaker 2: been pushing indexes higher as we're seeing information technology the 46 00:02:15,360 --> 00:02:17,800 Speaker 2: best performing group in the S and P five hundred. Today, 47 00:02:18,000 --> 00:02:20,440 Speaker 2: shares a Microsoft are up about two percent, but they 48 00:02:20,440 --> 00:02:23,200 Speaker 2: were really hitting some highs. This is after its third 49 00:02:23,280 --> 00:02:25,880 Speaker 2: quarter results beat expectations. Of course, we're in the midst 50 00:02:25,919 --> 00:02:27,920 Speaker 2: of these tech earnings and people are really looking to 51 00:02:27,960 --> 00:02:30,600 Speaker 2: see where's a really high bar for these companies and 52 00:02:30,639 --> 00:02:32,720 Speaker 2: whether or not they're actually able to meet them or 53 00:02:32,720 --> 00:02:36,480 Speaker 2: surpass them. So here for Microsoft, the company's cloud business 54 00:02:36,560 --> 00:02:38,680 Speaker 2: was seen as a highlight, and they're seeing that it 55 00:02:38,800 --> 00:02:41,359 Speaker 2: continues to benefit from the demand and its AI services, 56 00:02:41,360 --> 00:02:43,359 Speaker 2: which we know AI has been a hot. 57 00:02:43,160 --> 00:02:48,760 Speaker 1: Topic the Stock Movers podcast from Bloomberg Radio. Check back 58 00:02:48,760 --> 00:02:51,200 Speaker 1: with us throughout the day for the latest roundup of 59 00:02:51,240 --> 00:02:54,440 Speaker 1: companies making news on Wall Street and for the latest 60 00:02:54,480 --> 00:02:58,640 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 61 00:02:58,680 --> 00:03:01,440 Speaker 1: on YouTube, Bloomberg dot com, and on Apple car Play 62 00:03:01,480 --> 00:03:09,359 Speaker 1: and Android Auto with the Bloomberg Business app Mm hmm