WEBVTT - Kohl's Rises, Eli Lilly Drops, Microsoft Surge on Strong Cloud Growth

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some of the stocks on the move today. We're

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<v Speaker 1>doing by bloombergs Normal, Linda Normal, what are you looking

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<v Speaker 1>at it?

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<v Speaker 2>Well, a super super busy earnings day today, but I'm

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<v Speaker 2>keeping an eye on Coals. Of course, this is the

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<v Speaker 2>news that everyone's been really looking through parsing through. The

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<v Speaker 2>CEO was removed from the board and the CEO will

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<v Speaker 2>be stepping down. This is after the board found out

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<v Speaker 2>that uh Buchanan, Ashley Buchanan, the CEO, was being pushed

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<v Speaker 2>a company to enter into a multimillion dollar consulting agreement

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<v Speaker 2>where they found out that same individual was also a

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<v Speaker 2>part of the consulting team and it was made clear

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<v Speaker 2>that mister Buchanan did not disclose this relationship as was

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<v Speaker 2>required under the company's code of ethics. So, of course

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<v Speaker 2>that's going to be a shake up at Cole's and

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<v Speaker 2>they did put in an interim CEO that pulled from

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<v Speaker 2>the board. So great for Coals in that scenario. But

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<v Speaker 2>we are seeing shares of the company higher up about

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<v Speaker 2>seven percent right now. So it seems as though Wall

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<v Speaker 2>Street is happy that this is being cleared up here,

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<v Speaker 2>but definitely a lot of uncertainty when you look at

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<v Speaker 2>it on a broader landscape. I mean, we're seeing Coals

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<v Speaker 2>shares down about forty nine percent so far this year,

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<v Speaker 2>so brutal year for the company thus far. Yeah, talk

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<v Speaker 2>about brutal. All right, let's go to Eli Lily. That's

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<v Speaker 2>not come around. The loads of the session done about

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<v Speaker 2>eight percent. What happened here that's giving so much angst

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<v Speaker 2>to investors. So what's happening here with Eli Lily is

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<v Speaker 2>the CBS situation that's going on there. So Cees said

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<v Speaker 2>that it will be dropping Eli Lilly's weight loss drug

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<v Speaker 2>zet bound. They will then be turning toward Novo Nordists

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<v Speaker 2>Wagovy drug instead. So of course, this isn't great news

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<v Speaker 2>for Eli Lily to lose such a deal like that.

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<v Speaker 2>We're seeing Lily shares Eli Lily shares down about eight

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<v Speaker 2>percent right now, but we are seeing Novo Nordists shares

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<v Speaker 2>up just a touch, about half a percent right now.

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<v Speaker 2>But we do think that, of course, this is some

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<v Speaker 2>great news for Novo Nordis to be getting this deal

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<v Speaker 2>with CBS for a stock that's been down about twenty

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<v Speaker 2>two percent this year in comparison to elilaly seven percent

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<v Speaker 2>gain Microsoft, how about that one. I mean, that's really

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<v Speaker 2>been pushing indexes higher as we're seeing information technology the

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<v Speaker 2>best performing group in the S and P five hundred. Today,

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<v Speaker 2>shares a Microsoft are up about two percent, but they

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<v Speaker 2>were really hitting some highs. This is after its third

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<v Speaker 2>quarter results beat expectations. Of course, we're in the midst

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<v Speaker 2>of these tech earnings and people are really looking to

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<v Speaker 2>see where's a really high bar for these companies and

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<v Speaker 2>whether or not they're actually able to meet them or

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<v Speaker 2>surpass them. So here for Microsoft, the company's cloud business

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<v Speaker 2>was seen as a highlight, and they're seeing that it

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<v Speaker 2>continues to benefit from the demand and its AI services,

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<v Speaker 2>which we know AI has been a hot.

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<v Speaker 1>Topic the Stock Movers podcast from Bloomberg Radio. Check back

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<v Speaker 1>with us throughout the day for the latest roundup of

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<v Speaker 1>companies making news on Wall Street and for the latest

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<v Speaker 1>market moving headlines. Listen to Bloomberg Radio Live, catch us

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<v Speaker 1>and Android Auto with the Bloomberg Business app Mm hmm