Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
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. We're
Speaker 1: doing by bloombergs Normal, Linda Normal, what are you looking
Speaker 1: at it?
Speaker 2: Well, a super super busy earnings day today, but I'm
Speaker 2: keeping an eye on Coals. Of course, this is the
Speaker 2: news that everyone's been really looking through parsing through. The
Speaker 2: CEO was removed from the board and the CEO will
Speaker 2: be stepping down. This is after the board found out
Speaker 2: that uh Buchanan, Ashley Buchanan, the CEO, was being pushed
Speaker 2: a company to enter into a multimillion dollar consulting agreement
Speaker 2: where they found out that same individual was also a
Speaker 2: part of the consulting team and it was made clear
Speaker 2: that mister Buchanan did not disclose this relationship as was
Speaker 2: required under the company's code of ethics. So, of course
Speaker 2: that's going to be a shake up at Cole's and
Speaker 2: they did put in an interim CEO that pulled from
Speaker 2: the board. So great for Coals in that scenario. But
Speaker 2: we are seeing shares of the company higher up about
Speaker 2: seven percent right now. So it seems as though Wall
Speaker 2: Street is happy that this is being cleared up here,
Speaker 2: but definitely a lot of uncertainty when you look at
Speaker 2: it on a broader landscape. I mean, we're seeing Coals
Speaker 2: shares down about forty nine percent so far this year,
Speaker 2: so brutal year for the company thus far. Yeah, talk
Speaker 2: about brutal. All right, let's go to Eli Lily. That's
Speaker 2: not come around. The loads of the session done about
Speaker 2: eight percent. What happened here that's giving so much angst
Speaker 2: to investors. So what's happening here with Eli Lily is
Speaker 2: the CBS situation that's going on there. So Cees said
Speaker 2: that it will be dropping Eli Lilly's weight loss drug
Speaker 2: zet bound. They will then be turning toward Novo Nordists
Speaker 2: Wagovy drug instead. So of course, this isn't great news
Speaker 2: for Eli Lily to lose such a deal like that.
Speaker 2: We're seeing Lily shares Eli Lily shares down about eight
Speaker 2: percent right now, but we are seeing Novo Nordists shares
Speaker 2: up just a touch, about half a percent right now.
Speaker 2: But we do think that, of course, this is some
Speaker 2: great news for Novo Nordis to be getting this deal
Speaker 2: with CBS for a stock that's been down about twenty
Speaker 2: two percent this year in comparison to elilaly seven percent
Speaker 2: gain Microsoft, how about that one. I mean, that's really
Speaker 2: been pushing indexes higher as we're seeing information technology the
Speaker 2: best performing group in the S and P five hundred. Today,
Speaker 2: shares a Microsoft are up about two percent, but they
Speaker 2: were really hitting some highs. This is after its third
Speaker 2: quarter results beat expectations. Of course, we're in the midst
Speaker 2: of these tech earnings and people are really looking to
Speaker 2: see where's a really high bar for these companies and
Speaker 2: whether or not they're actually able to meet them or
Speaker 2: surpass them. So here for Microsoft, the company's cloud business
Speaker 2: was seen as a highlight, and they're seeing that it
Speaker 2: continues to benefit from the demand and its AI services,
Speaker 2: which we know AI has been a hot.
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