1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,880 --> 00:00:19,599 Speaker 3: Let's take a look at some of the socks on 5 00:00:19,640 --> 00:00:22,080 Speaker 3: the move today. We're joined by bloombergs Isabli is Mobody 6 00:00:22,079 --> 00:00:22,439 Speaker 3: looking at it. 7 00:00:22,600 --> 00:00:25,560 Speaker 1: United Health shares are sinking almost twenty percent. That's the 8 00:00:25,600 --> 00:00:28,040 Speaker 1: most sense at least March twenty twenty. I try to 9 00:00:28,080 --> 00:00:31,160 Speaker 1: go to sins go Paul, actually, and it's way more 10 00:00:31,160 --> 00:00:32,519 Speaker 1: than that. But I'm not sure, so I don't want 11 00:00:32,560 --> 00:00:34,599 Speaker 1: to say it out loud, but we're definitely sure. It's 12 00:00:34,600 --> 00:00:36,640 Speaker 1: the most sense at least March twenty twenty. So the 13 00:00:36,640 --> 00:00:39,600 Speaker 1: company cut its annual forecast and reported it's earning smith 14 00:00:39,720 --> 00:00:41,720 Speaker 1: that's the first time in more than a decade. So 15 00:00:41,760 --> 00:00:44,240 Speaker 1: this is a foreboding sign, and majority of the health 16 00:00:44,280 --> 00:00:47,520 Speaker 1: insurers in that same sector are plunging. United Health said 17 00:00:47,520 --> 00:00:50,320 Speaker 1: it was blindsided by rising medical costs as the first 18 00:00:50,400 --> 00:00:52,680 Speaker 1: quarter closed, and this appended a forecast that it gave 19 00:00:52,840 --> 00:00:55,640 Speaker 1: just three months ago. The guidance cut is rare actually 20 00:00:55,640 --> 00:00:59,160 Speaker 1: for United because they typically forecast conservatively and they often 21 00:00:59,240 --> 00:01:02,240 Speaker 1: raise their outlook as the year progressive. So definitely people 22 00:01:02,240 --> 00:01:04,360 Speaker 1: are spook here. We have td cow and say that 23 00:01:04,400 --> 00:01:07,839 Speaker 1: they quote ominous results cast out on the forecast. 24 00:01:07,360 --> 00:01:10,039 Speaker 3: Of every insurance I mean, is this you and H thing? 25 00:01:10,200 --> 00:01:12,160 Speaker 3: Is this an industry thing? Because again, this is a 26 00:01:12,200 --> 00:01:16,280 Speaker 3: company that kind of just under promises and over delivers exactly. 27 00:01:16,560 --> 00:01:18,319 Speaker 1: That's why I think it's scaring a lot of other 28 00:01:18,680 --> 00:01:21,200 Speaker 1: companies in the sector. And it's had a tough year. 29 00:01:21,240 --> 00:01:24,520 Speaker 1: We have that killing in December of the top executives. 30 00:01:24,880 --> 00:01:28,080 Speaker 1: It's definitely a bumpy ride so far for United Health. 31 00:01:28,440 --> 00:01:30,600 Speaker 3: All Right, what else we got Eli Lily. This is 32 00:01:30,640 --> 00:01:33,360 Speaker 3: not a small little biotech stock, so fourteen percent. This 33 00:01:33,440 --> 00:01:35,800 Speaker 3: is a monster market megacap. 34 00:01:35,319 --> 00:01:37,759 Speaker 1: Stock, definitely, and it's rising the most since August twenty 35 00:01:37,800 --> 00:01:41,679 Speaker 1: twenty three share search because they showed its experimental weight 36 00:01:41,720 --> 00:01:44,880 Speaker 1: loss pill worked as much as ozembic did, and that 37 00:01:44,880 --> 00:01:48,280 Speaker 1: brings a company one step closer to a needle free alternative. 38 00:01:48,280 --> 00:01:50,000 Speaker 1: I mean, a lot of people say that they're not 39 00:01:50,040 --> 00:01:53,720 Speaker 1: taking those weight loss drugs because it's an injection. So 40 00:01:53,760 --> 00:01:56,040 Speaker 1: if it's a pill, it's really a game changer, and 41 00:01:56,040 --> 00:01:58,240 Speaker 1: that's how they're seeing it too. So the trial is 42 00:01:58,320 --> 00:02:01,920 Speaker 1: one of the lilies running of the drug called or 43 00:02:02,000 --> 00:02:05,200 Speaker 1: for Lipron. Let's try that again, or for Glipron. 44 00:02:05,280 --> 00:02:05,800 Speaker 2: I like it. 45 00:02:05,880 --> 00:02:11,600 Speaker 1: So it basically aims to heal diabetes, obesity, and other 46 00:02:11,639 --> 00:02:14,480 Speaker 1: conditions like sleep apnea. And again, the fact that it's 47 00:02:14,560 --> 00:02:17,200 Speaker 1: not an injection is a big thing. 48 00:02:17,960 --> 00:02:18,160 Speaker 2: You know. 49 00:02:18,280 --> 00:02:22,919 Speaker 3: I apply the injection to someone on a weekly basis. 50 00:02:23,200 --> 00:02:25,720 Speaker 3: It ain't no big thing. Really, yeah, it's no big thing. 51 00:02:26,000 --> 00:02:27,840 Speaker 3: But the pill would be like a thousand times better. 52 00:02:28,200 --> 00:02:31,040 Speaker 1: I'd rather be the receiver than the injector. 53 00:02:31,160 --> 00:02:33,720 Speaker 3: I think, Kerry, all right, what have we got from 54 00:02:33,800 --> 00:02:34,600 Speaker 3: Spirit Airlines? 55 00:02:35,320 --> 00:02:38,760 Speaker 1: We are actually changing it to TSMC. So ADRs are 56 00:02:38,840 --> 00:02:41,280 Speaker 1: edging slightly higher, and that's after the chip maker kept 57 00:02:41,320 --> 00:02:43,960 Speaker 1: its bullish outlook for growth in twenty twenty five. So 58 00:02:44,000 --> 00:02:46,560 Speaker 1: this suggests that the world's biggest chip maker is confident 59 00:02:46,600 --> 00:02:49,079 Speaker 1: that it can ride out this US China trade war, 60 00:02:49,280 --> 00:02:51,200 Speaker 1: which is a big deal. And this is really what's 61 00:02:51,200 --> 00:02:53,040 Speaker 1: spooking a lot in the market. So this is a 62 00:02:53,080 --> 00:02:55,359 Speaker 1: big thing that TSMC said that, and it also kept 63 00:02:55,360 --> 00:02:58,280 Speaker 1: its growth outlook for twenty twenty five on expectations of 64 00:02:58,320 --> 00:03:02,239 Speaker 1: AI revenue doubling. We have Bernstein saying you know this outlook. 65 00:03:02,280 --> 00:03:05,320 Speaker 1: It keeps a narrative intact, but it does not provide 66 00:03:05,400 --> 00:03:07,720 Speaker 1: much cushion for a possible tire for impact. 67 00:03:08,760 --> 00:03:13,080 Speaker 2: The Stockmovers podcast from Bloomberg Radio. 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