WEBVTT - Arcosa and Apogee Rise; Getty Jumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis, with some

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<v Speaker 1>stocks making some major moves on some deal news this morning,

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<v Speaker 1>starting off with Arcosa. Good morning, Dan, Good morning Nathan.

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<v Speaker 3>That's right, m and a Monday. Arcosa ticker ACA is

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<v Speaker 3>up eleven percent in the pre market as building materials

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<v Speaker 3>group CRCH is close to its biggest deal ever to

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<v Speaker 3>acquire Arcosa. According to the Financial Time, who is citing

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<v Speaker 3>people familiar, CRCH is said to be in advanced discussions

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<v Speaker 3>for the acquisition and an agreement could come as soon

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<v Speaker 3>as next week. OURCOSA business includes aggregates concretes as well

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<v Speaker 3>as power utilities like telecoms, towers. It competes with CRCH,

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<v Speaker 3>so CRCH is looking for this acquisition to expand out

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<v Speaker 3>it's it's it's performance in this market. CRCH has a

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<v Speaker 3>market value of seventy four billions versus Arcosa about around

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<v Speaker 3>eight billion dollars, so it is looking to expand. It's

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<v Speaker 3>something that's done a lot. CRCH has expanded a lot

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<v Speaker 3>via acquisitions at Boston men assets from Wholeseam and LeFarge

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<v Speaker 3>when those companies need to sell ahead of that merger.

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<v Speaker 3>So that's really helping out those Arcosa shares.

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<v Speaker 1>An even a bigger move this morning for Apage Therapeutics.

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<v Speaker 1>That stock is soaring dan it is.

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<v Speaker 3>It is up over fifty percent and I just got

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<v Speaker 3>news it's halted now in the pre market at that level,

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<v Speaker 3>basically abby is closing in on a nearly eleven billion

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<v Speaker 3>dollar deal to buy apage again according to the Financial Times. However,

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<v Speaker 3>that Holt implies there's news that is going to come

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<v Speaker 3>out shortly. This has you know the ABVY which uh,

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<v Speaker 3>this has Abvy looking for the inflammatory disease drugs that

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<v Speaker 3>apagee has been developing. And ABV shares are actually up

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<v Speaker 3>about nearly one percent of the pre market, somewhat unusual

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<v Speaker 3>typically when companies go out and buy another company. But

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<v Speaker 3>that's being seen as a creative to Abvy itself.

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<v Speaker 1>Okay, and we have some deal news of a sort

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<v Speaker 1>between Microsoft and Chevron. This is an M and A.

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<v Speaker 1>But this has to do with the AI play, right.

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<v Speaker 3>Yeah, So Chevron is in a partnership with Microsoft for

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<v Speaker 3>a twenty year deal to provide GNAT gas power for

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<v Speaker 3>a proposed Texas data center that has shares of Chevron

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<v Speaker 3>up nearly one percent in the pre market. That's also

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<v Speaker 3>of note because crude is down, so typically if you

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<v Speaker 3>see oil down, you see the oil majors down, but

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<v Speaker 3>Chevron is up despite crude softness. The power plant is

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<v Speaker 3>expected to start providing power in twenty twenty eight and

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<v Speaker 3>will ramp up to nearly two point seven gigawatts, and

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<v Speaker 3>Bloomberg News has previously reported the companies were in exclusive talks.

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<v Speaker 3>Microsoft is looking to doubles its datas center footprint over

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<v Speaker 3>the next two years, and this partnership with Chevron is

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<v Speaker 3>expected to supply the power needed for those energy intensive

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<v Speaker 3>place centers.

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<v Speaker 1>Okay, there's just time to tell us about this monster

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<v Speaker 1>move we're seeing on another potential AI play for Getty

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<v Speaker 1>Images of all companies Dan.

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<v Speaker 3>Yeah, ticker g E t Y. Those shares are up

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<v Speaker 3>two hundred percent in the pre markets, trading at about

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<v Speaker 3>a dollar and eighty two cents right now in the

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<v Speaker 3>pre market. And so Getty Images has a partnership with

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<v Speaker 3>open AI, where Getty images licensed content libraries will appear

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<v Speaker 3>across search and discovery experiences for chat GPT. Getty closed

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<v Speaker 3>at a record low on Wednesday of last week, and

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<v Speaker 3>this massive push is setting it up to erase all

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<v Speaker 3>the losses it's posted since November. Getty initially resisted outside

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<v Speaker 3>AI competition. It tried to develop its own AI image generator.

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<v Speaker 3>It sued Stability AI, accusing the AI image generator of

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<v Speaker 3>copying more than twelve million photographs without permission to train

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<v Speaker 3>its models. So it's really been trying to fund off

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<v Speaker 3>these AI names, But now it's embracing that.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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