1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data, 4 00:00:16,680 --> 00:00:19,400 Speaker 2: Let's see what stocks are on the move today. We 5 00:00:19,440 --> 00:00:21,880 Speaker 2: can do that with Bloomberg's Alexander Semonov. Alex what are 6 00:00:21,880 --> 00:00:22,280 Speaker 2: you looking at? 7 00:00:22,560 --> 00:00:24,440 Speaker 1: Hey, guys. So we've been talking a lot about how 8 00:00:24,440 --> 00:00:27,840 Speaker 1: companies are financing the big AI boom, especially given they're 9 00:00:27,880 --> 00:00:31,479 Speaker 1: spending so much money on investing this technology. We have 10 00:00:31,560 --> 00:00:34,000 Speaker 1: some big news out of Alphabet today. It is looking 11 00:00:34,000 --> 00:00:37,200 Speaker 1: to raise about fifteen billion dollars from a US high 12 00:00:37,280 --> 00:00:41,000 Speaker 1: grade dollar bond sale. This is according to sources. This 13 00:00:41,120 --> 00:00:43,879 Speaker 1: builds on a borrowing spree by companies that are at 14 00:00:43,920 --> 00:00:48,440 Speaker 1: the center of the artificial intelligence investment boom. They've been 15 00:00:48,479 --> 00:00:53,200 Speaker 1: spending a lot on cloud computing, data chips, all these 16 00:00:53,200 --> 00:00:56,640 Speaker 1: companies that we call hyper scalers. They're expected to spend 17 00:00:56,800 --> 00:00:59,960 Speaker 1: more than six hundred and fifty billion dollars this year 18 00:01:00,120 --> 00:01:03,280 Speaker 1: or just to expand that infrastructure. And since last year, 19 00:01:03,480 --> 00:01:06,039 Speaker 1: the group has been flooding the market with debts. So 20 00:01:06,200 --> 00:01:09,199 Speaker 1: far investors have been eagerly absorbing it. But it does 21 00:01:09,319 --> 00:01:12,920 Speaker 1: raise concern that we are kind of getting into bubble territory. 22 00:01:13,000 --> 00:01:15,840 Speaker 1: Just last week, Oracle also raised twenty five billion dollars 23 00:01:16,040 --> 00:01:18,440 Speaker 1: from a bond that attracted a record one hundred and 24 00:01:18,440 --> 00:01:21,360 Speaker 1: twenty nine billion dollars of its orders. And part of 25 00:01:21,400 --> 00:01:24,880 Speaker 1: this issuance by Alphabet It actually also plans to sell 26 00:01:24,920 --> 00:01:27,800 Speaker 1: a very rare one hundred year bond as part of 27 00:01:27,840 --> 00:01:32,080 Speaker 1: this MEGADEBT issue. This is the first such sale since 28 00:01:32,160 --> 00:01:34,920 Speaker 1: the late nineteen nineties. So there's a superlative for you. 29 00:01:35,200 --> 00:01:37,160 Speaker 1: Thank you. Lots of debt coming up from these big 30 00:01:37,200 --> 00:01:39,920 Speaker 1: tech names, all right, what's next? Yeah, Another company that 31 00:01:40,000 --> 00:01:43,280 Speaker 1: I'm looking at today is Hymns and Hers. Those shares 32 00:01:43,319 --> 00:01:46,319 Speaker 1: are down twenty seven percent right now. This is after 33 00:01:46,680 --> 00:01:49,760 Speaker 1: Novo Nordisks said that it's suing the company for making 34 00:01:49,920 --> 00:01:54,120 Speaker 1: knockoffs of its obesity medicine. This is even as Hymns 35 00:01:54,160 --> 00:01:58,520 Speaker 1: and Hers scrapped plans to sell their copycat version. Novo 36 00:01:58,640 --> 00:02:02,279 Speaker 1: on Monday said that they are breaching their US patent 37 00:02:02,440 --> 00:02:05,240 Speaker 1: on semi glue tide, which is the key ingredient in 38 00:02:05,320 --> 00:02:08,720 Speaker 1: these ANTIOBC drugs, and Novo Nordisk has been kind of 39 00:02:08,760 --> 00:02:12,400 Speaker 1: cracking down on copycats given the fact that it has 40 00:02:12,680 --> 00:02:16,400 Speaker 1: had such a tough time with competition. It's really erased 41 00:02:16,440 --> 00:02:19,160 Speaker 1: a lot of that big performance that it had when 42 00:02:19,160 --> 00:02:21,120 Speaker 1: it first came out with the drug. 43 00:02:22,200 --> 00:02:26,359 Speaker 2: Tegna which is the former TV station group owned by Gennet, 44 00:02:26,400 --> 00:02:28,680 Speaker 2: which at one time was the largest newspaper operation in 45 00:02:28,680 --> 00:02:30,040 Speaker 2: the country. What's going on with. 46 00:02:30,000 --> 00:02:33,240 Speaker 1: Techno, Yeah, those shares are up nearly nine percent. This 47 00:02:33,280 --> 00:02:36,799 Speaker 1: is after President Trump backed a proposed acquisition of the 48 00:02:36,800 --> 00:02:41,760 Speaker 1: firm by the television broadcaster Nexstar Media Group. So a 49 00:02:41,760 --> 00:02:45,120 Speaker 1: bit of a merger Monday going on here. Nextstar is 50 00:02:45,160 --> 00:02:48,840 Speaker 1: also trading higher as well. Trump expressed his support for 51 00:02:49,000 --> 00:02:52,560 Speaker 1: the deal in a post in a post untruth social 52 00:02:52,720 --> 00:02:56,040 Speaker 1: So a lot of enthusiasm around this given the support 53 00:02:56,200 --> 00:02:57,200 Speaker 1: for the acquisition. 54 00:02:58,280 --> 00:03:02,280 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 55 00:03:02,360 --> 00:03:04,919 Speaker 2: us throughout the day for the latest roundup of companies 56 00:03:05,000 --> 00:03:08,120 Speaker 2: making news on Wall Street and for the latest market 57 00:03:08,160 --> 00:03:12,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 58 00:03:12,720 --> 00:03:16,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 59 00:03:16,280 --> 00:03:17,760 Speaker 2: the Bloomberg Business app.