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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg data,

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Speaker 2: Let's take a look at some of the stocks on

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Speaker 2: the move today. We can do that with a Bloomberg

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Speaker 2: Television's Markets correspondent, Christine Aquino.

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Speaker 3: No, you're just Bloomberg News.

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Speaker 1: Right, I y, It's all in the family's family.

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Speaker 3: So Christian, what do you got for us today?

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Speaker 1: Well, Paul, I'm looking at a stock guy is not

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Speaker 1: read today Warner Brothers Discovery. Of course, those shares are

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Speaker 1: up more than two percent at the moment, ticker WBD.

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Speaker 1: And of course we all know we're still talking about

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Speaker 1: this deal. I can't believe it's twenty twenty six. But

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Speaker 1: the latest, of course, is that it has agreed to

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Speaker 1: reopen negotiations with a Paramount because now Paramount is offering

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Speaker 1: a dollar more per share, three mint dollars per share,

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Speaker 1: and so Warner Brothers taking seven days to consider that offer,

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Speaker 1: and will also be asking Paramount for its best and

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Speaker 1: final offer. And so, of course, under the terms of

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Speaker 1: the waiver which was granted by Netflix, because remember they

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Speaker 1: already made a bid for it, Warner Brothers was in favor,

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Speaker 1: and now they're reopening discussions. So Netflix of course has

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Speaker 1: a say in this as well, and then it's going

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Speaker 1: to have a chance to countermatch whatever new proposal Warner

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Speaker 1: Brothers comes up with in that seven day period. But

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Speaker 1: Bloomberg Intelligence analysts not very bullish when it comes to

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Speaker 1: Netflix's perspective here. I mean, they're saying that Netflix might

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Speaker 1: be better off walking away. Their current offer is twenty

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Speaker 1: seven to seventy five a share, but there's a lot

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Speaker 1: of risks that they may have to bump that, and

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Speaker 1: that's not going to look good for their leverage if

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Speaker 1: they have to. But as far as Warner Brothers shares

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Speaker 1: are concerned, it's a good thing for them. Well, everyone

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Speaker 1: says that for Paramount Skuidance this is a crucial must

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Speaker 1: have situation, whereas for Netflix it's a nice to have situation, all.

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Speaker 3: Right, So we'll keep an eye on that one. Your

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Speaker 3: next doc to watch.

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Speaker 1: Taking a look at Norwegian Cruise Line scarlets. So her Nclah,

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Speaker 1: those shares are also doing well this morning. I'm more

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Speaker 1: than seven percent at the moment, and that's because we

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Speaker 1: did get a wall Street Journal report saying that activist

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Speaker 1: investor Elliott Investment Management has built a more than ten

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Speaker 1: percent stake in a cruise ship company. It also reported

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Speaker 1: that Elliott has been privately working with Adam Goldstein, who

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Speaker 1: is the former president and chief operating officer of Royal Caribbean,

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Speaker 1: as one potential board nominee at Norwegian. So remember that

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Speaker 1: company has been through the ringer. Last week on Friday,

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Speaker 1: it fell more than seven percent because there was an

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Speaker 1: abrupt CEO change. They sent only named John chinsey Ats

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Speaker 1: as its president and CEO, and its former CEO Harry

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Speaker 1: Sommer stepped down effective immediately. So a lot of questions

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Speaker 1: over what happened there. But looks like this activist investment

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Speaker 1: coming in from Elliott is building well for the stock.

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Speaker 3: It's so funny. I mean, you just look at the

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Speaker 3: performance in Norwegion on a trailing twelve month spasis. It's

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Speaker 3: down twelve percent, but its competitors Real Caribbean and Carnivor

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Speaker 3: are both up twenty four percent, so it's really underperformed.

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Speaker 3: It's peers.

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Speaker 1: Yeah, wow, seems like a lot of igeosyncratic risk.

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Speaker 3: Yes, interesting there, all right, General Mills, Yeah, let's take it.

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Speaker 1: Look at General Mills, so took her gis that is

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Speaker 1: very much in the red today. Those shares are down

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Speaker 1: more than seven percent. That is because we did get

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Speaker 1: the company lowering is fiscal twenty twenty six sales outlook,

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Speaker 1: citing a week consumer heightened uncertainty and significant volatility. CEO

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Speaker 1: Jeff Harmoning saying that cereal snacks and dog food we're

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Speaker 1: seeing the biggest hits from this shake here consumer environment

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Speaker 1: and our Blooeberg intelligence analysts also weigh and they're saying that,

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Speaker 1: you know, this adjustment really just reflects a slower and

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Speaker 1: more promotion driven volume recovery than they anticipated. And of

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Speaker 1: course the recent underscores that restoring sustainable dollar growth is

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Speaker 1: going to prove more costly and more time intensive.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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