1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:19,119 Speaker 3: Let's see what's happening out there in the world with 5 00:00:19,280 --> 00:00:21,040 Speaker 3: stocks are moving higher. Let's take a look at some 6 00:00:21,079 --> 00:00:23,079 Speaker 3: of the movers here today. We can do that with 7 00:00:23,160 --> 00:00:25,320 Speaker 3: Bloomberg's Christina. You know, Christine, what are you looking at it? 8 00:00:25,440 --> 00:00:28,720 Speaker 1: Let's go look at AMD. Paul big news today of course, 9 00:00:28,880 --> 00:00:31,720 Speaker 1: given that Meta deal, and of course that is doing 10 00:00:31,760 --> 00:00:35,120 Speaker 1: well for its shares ticker AMD. Those are up now 11 00:00:35,200 --> 00:00:39,000 Speaker 1: more than seven percent, extending the opening gaze that we've 12 00:00:39,120 --> 00:00:41,880 Speaker 1: already seen. And so the deal is this Meta will 13 00:00:41,880 --> 00:00:45,599 Speaker 1: buy AMDI chips and computers designed to run their artificial 14 00:00:45,640 --> 00:00:48,519 Speaker 1: intelligence models over a five year stretch beginning in the 15 00:00:48,560 --> 00:00:52,159 Speaker 1: second half of twenty twenty six. There's also a share 16 00:00:52,200 --> 00:00:56,320 Speaker 1: purchase component of this deal, and the series of transactions, 17 00:00:56,360 --> 00:01:00,640 Speaker 1: according to AMDI CEO Lisa Sue, will be worth double 18 00:01:00,760 --> 00:01:04,120 Speaker 1: digit billions of dollars. So that's gonna be a big 19 00:01:04,160 --> 00:01:08,280 Speaker 1: deal for AMD, being reflected in their shares now. You know, 20 00:01:08,480 --> 00:01:11,360 Speaker 1: if there were any concerns over circular funding here that 21 00:01:11,480 --> 00:01:14,160 Speaker 1: is not evident, because it seems like Mark is really 22 00:01:14,240 --> 00:01:16,680 Speaker 1: just want a little bit of a break from the 23 00:01:16,720 --> 00:01:20,920 Speaker 1: tech downer narrative that we've been dealing with the last 24 00:01:21,000 --> 00:01:23,679 Speaker 1: couple of weeks. And so and again for Meta, you know, 25 00:01:23,760 --> 00:01:26,600 Speaker 1: this is part of their push to aggressively frontload computing 26 00:01:26,640 --> 00:01:29,720 Speaker 1: capacity per ceo Mark Zuckerberg, and I guess the circular 27 00:01:29,720 --> 00:01:32,479 Speaker 1: funding story is no longer so concentrated to justin Vidia. 28 00:01:32,520 --> 00:01:34,880 Speaker 3: Now it's expanded exactly. Here's the thing I don't get. 29 00:01:34,920 --> 00:01:37,480 Speaker 3: I mean, in this US economy, in this US stock market, 30 00:01:37,680 --> 00:01:39,680 Speaker 3: company A does not buy a stake in company B. 31 00:01:40,720 --> 00:01:42,640 Speaker 3: They just make investments in each other. I mean, they 32 00:01:42,640 --> 00:01:44,919 Speaker 3: don't take equity stakes. And but we see that in Asia, 33 00:01:44,920 --> 00:01:47,400 Speaker 3: we see that in lots of other economies, but not here. 34 00:01:47,400 --> 00:01:48,640 Speaker 3: But that's changing. 35 00:01:48,720 --> 00:01:50,680 Speaker 2: Does that become MESSI or you think I. 36 00:01:50,720 --> 00:01:52,680 Speaker 3: Don't I don't like it. There's a reason we don't 37 00:01:52,680 --> 00:01:55,040 Speaker 3: do it here. You don't buy stakes in your competitors, 38 00:01:55,040 --> 00:01:58,560 Speaker 3: your customers, or things like that. I'm not sure it's 39 00:01:58,600 --> 00:02:01,440 Speaker 3: good governance, but we'll see. But again, other parts of 40 00:02:01,440 --> 00:02:03,000 Speaker 3: the world they do it. So here we go. 41 00:02:03,320 --> 00:02:05,680 Speaker 1: There you go, All right, what's next, Let's take a 42 00:02:05,720 --> 00:02:09,400 Speaker 1: look at Warner Brothers again in the news given the 43 00:02:09,480 --> 00:02:13,120 Speaker 1: latest developments there, so ticker WBD. Those shares are up 44 00:02:13,600 --> 00:02:17,080 Speaker 1: seven tents of one person, so extending small gains as well. 45 00:02:17,120 --> 00:02:19,720 Speaker 1: And so the latest is that yes, Warner Brothers is 46 00:02:19,760 --> 00:02:23,400 Speaker 1: indeed considering a new takeover proposal from Paramount sky Dance. 47 00:02:23,600 --> 00:02:26,360 Speaker 1: They didn't specify what the new terms are, but we 48 00:02:26,440 --> 00:02:29,040 Speaker 1: did report that it was going to be hired in 49 00:02:29,120 --> 00:02:32,480 Speaker 1: the thirty dollars a share that Paramount offered previously. And 50 00:02:32,560 --> 00:02:35,840 Speaker 1: so the kicker is that if Warner Brothers deems this 51 00:02:35,960 --> 00:02:39,320 Speaker 1: superior to the one that has already accepted from Netflix, 52 00:02:39,520 --> 00:02:42,760 Speaker 1: then Netflix will have four days to make a counter offers. 53 00:02:42,919 --> 00:02:46,000 Speaker 1: Just a reminder, Netflix is still offering twenty seven to 54 00:02:46,040 --> 00:02:50,079 Speaker 1: seventy five a share for Warner Brothers Studios and streaming businesses, 55 00:02:50,240 --> 00:02:53,240 Speaker 1: and they're still looking for a spin off of some 56 00:02:53,280 --> 00:02:56,040 Speaker 1: of its other businesses there, so it's not going to 57 00:02:56,080 --> 00:02:58,040 Speaker 1: be the whole company. So we'll see how that's going 58 00:02:58,080 --> 00:03:00,320 Speaker 1: to be received by the board and investors. It feels 59 00:03:00,320 --> 00:03:02,359 Speaker 1: like the slowest moving of an a deal ever. 60 00:03:02,520 --> 00:03:05,600 Speaker 3: Yeah, I was telling Tom Keane early there's no juice 61 00:03:05,600 --> 00:03:07,120 Speaker 3: around it, and there should be a ton of juice 62 00:03:07,120 --> 00:03:10,000 Speaker 3: for these juicy companies, I think you know. But it 63 00:03:10,080 --> 00:03:12,360 Speaker 3: was whatever was ever run in this process for Warner 64 00:03:12,360 --> 00:03:14,600 Speaker 3: Brothers Discovery. They're just not into the whole. Let's have 65 00:03:14,680 --> 00:03:17,120 Speaker 3: some fun with it, you know. It's very deliberate, exactly, 66 00:03:17,720 --> 00:03:18,200 Speaker 3: very deliberate. 67 00:03:18,320 --> 00:03:20,600 Speaker 1: Whatonerarys We're going to still be talking about this twenty 68 00:03:20,600 --> 00:03:21,040 Speaker 1: twenty seven. 69 00:03:21,520 --> 00:03:23,720 Speaker 3: I think you know Netflix, if Netflix really wants it, 70 00:03:23,720 --> 00:03:25,600 Speaker 3: they have a much better capital position to do it, 71 00:03:25,639 --> 00:03:26,200 Speaker 3: So we'll see. 72 00:03:26,320 --> 00:03:29,560 Speaker 1: Okay, one more, all right, let's talk about Eli Lilly, 73 00:03:29,600 --> 00:03:32,000 Speaker 1: a soo ticker l l Y. Those chares not doing 74 00:03:32,000 --> 00:03:34,840 Speaker 1: too all of this morning, down one point two percent there, 75 00:03:34,880 --> 00:03:38,400 Speaker 1: It was down a lot earlier, about three percent, so 76 00:03:38,480 --> 00:03:41,480 Speaker 1: pairing some of those opening losses. And really the news 77 00:03:41,480 --> 00:03:44,480 Speaker 1: comes from its rival Nova Nordisk saying that it will 78 00:03:44,520 --> 00:03:47,560 Speaker 1: slash it's US list prices for we govy and a 79 00:03:47,680 --> 00:03:51,160 Speaker 1: zembe next year by as much as fifty percent, and 80 00:03:51,240 --> 00:03:54,840 Speaker 1: so the RIDA cross for Lily is initially negative. Those 81 00:03:54,880 --> 00:03:58,080 Speaker 1: City Group analysts, Jeff Meach, I'm saying that the price 82 00:03:58,120 --> 00:04:01,120 Speaker 1: production that could bring back price swarkincerns, But at the 83 00:04:01,120 --> 00:04:04,520 Speaker 1: same time, the main beneficiaries of this are likely going 84 00:04:04,600 --> 00:04:07,440 Speaker 1: to be people with high deductible plans or those who 85 00:04:07,440 --> 00:04:11,560 Speaker 1: pay co insurance, which really represents a relatively small proportion 86 00:04:11,840 --> 00:04:15,400 Speaker 1: of news starts. But you know, bad for lily stocks today. 87 00:04:15,440 --> 00:04:16,479 Speaker 1: Let's see what they're going to answer. 88 00:04:16,560 --> 00:04:21,680 Speaker 2: Back lit the Stock Movers Report from Bloomberg Radio. Check 89 00:04:21,720 --> 00:04:24,040 Speaker 2: back with us throughout the day for the latest roundup 90 00:04:24,080 --> 00:04:27,000 Speaker 2: of companies making news on Wall Street and for the 91 00:04:27,120 --> 00:04:31,520 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 92 00:04:31,600 --> 00:04:35,080 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 93 00:04:35,080 --> 00:04:37,520 Speaker 2: Android Auto with the Bloomberg Business app.