WEBVTT - Novo Nordisk Soars, Johnson & Johnson Drops, ServiceNow Falls

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

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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, take a look at

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<v Speaker 1>some of the stocks that are on the move today.

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<v Speaker 1>We can do that with Bloomberg's normal nd it nor

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<v Speaker 1>what are you looking at?

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<v Speaker 2>Well, let's look through one of the biggest stories of

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<v Speaker 2>the day. We did see that Novo Nordists want approval

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<v Speaker 2>to sell a pill version of its OBCD shot with

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<v Speaker 2>GOVI in the United States. So this of course should

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<v Speaker 2>help people lose weight or maintain their previous weight loss

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<v Speaker 2>over the long term. But this is really an edge

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<v Speaker 2>up against Eli Lay, its competitor, because it's essentially giving

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<v Speaker 2>it a head start because Eli laly said that its

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<v Speaker 2>own oral OBCD drug could be approved by March, so

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<v Speaker 2>this is getting in a bit earlier. You're seeing shares

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<v Speaker 2>of Novo Nordist take her envy O reflecting that we

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<v Speaker 2>see shares up as much as eleven percent, not pairing

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<v Speaker 2>up about eight and a half percent. But this is

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<v Speaker 2>the biggest jump since January on a single day basis. Yeah,

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<v Speaker 2>definitely big news for Nova Nordisk.

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<v Speaker 1>Seeing the healthcare space.

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<v Speaker 2>Yeah, I'm also looking at shares of Johnson and Johnson.

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<v Speaker 2>That's ticker Jay and Jay. We're seeing shares that are

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<v Speaker 2>down just a smidge, about six tenths of a percent.

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<v Speaker 2>This is after the company was ordered to pay about

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<v Speaker 2>one point five six billion dollars to a marilynd woman

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<v Speaker 2>who blamed the company's talk based baby powder for causing

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<v Speaker 2>her asbestos linked cancer. So we are hearing from researchers

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<v Speaker 2>that they have linked asbestos to mesothelioma, and jurors did

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<v Speaker 2>find that Jay and Jay and two of its units

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<v Speaker 2>and its spinoff Kenview were liable for failing to warn

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<v Speaker 2>the woman of its baby powder being tainted with asbestos.

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<v Speaker 2>So you are seeing shares citing just a touch off of.

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<v Speaker 1>The news Service now little M and a.

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<v Speaker 2>Yeah, a little M and A action here on this

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<v Speaker 2>What is this Tuesday? Hey, we did see the Service

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<v Speaker 2>now This is ticker inow. It reached a deal to

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<v Speaker 2>buy the cybersecurity startup Armis. The deal was valued at

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<v Speaker 2>about seven point seventy five billion dollars. This is its

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<v Speaker 2>largest acquisition to date for the company. So Service Now

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<v Speaker 2>will pay in cash for Armis, expects to fund the

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<v Speaker 2>transaction combo of cash on hand and debt. They said

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<v Speaker 2>that the deal should close in about the second half

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<v Speaker 2>of twenty twenty six. We did see shares of the

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<v Speaker 2>service now those sliding as much as two point nine

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<v Speaker 2>percent earlier. Now it's down about two point three percent

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<v Speaker 2>as we speak.

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<v Speaker 1>The Stockmovers report from Bloomberg Radio. Check back with us

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<v Speaker 1>throughout the day for the latest roundup of companies making

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