WEBVTT - Advanced Micro Devices Rises, Warner Bros. Discovery Mixed, Eli Lilly Drops on Novo Plans to Slash US List Prices for Weight-Loss Drugs

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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 3>Let's see what's happening out there in the world with

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<v Speaker 3>stocks are moving higher. Let's take a look at some

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<v Speaker 3>of the movers here today. We can do that with

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<v Speaker 3>Bloomberg's Christina. You know, Christine, what are you looking at it?

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<v Speaker 1>Let's go look at AMD. Paul big news today of course,

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<v Speaker 1>given that Meta deal, and of course that is doing

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<v Speaker 1>well for its shares ticker AMD. Those are up now

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<v Speaker 1>more than seven percent, extending the opening gaze that we've

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<v Speaker 1>already seen. And so the deal is this Meta will

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<v Speaker 1>buy AMDI chips and computers designed to run their artificial

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<v Speaker 1>intelligence models over a five year stretch beginning in the

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<v Speaker 1>second half of twenty twenty six. There's also a share

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<v Speaker 1>purchase component of this deal, and the series of transactions,

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<v Speaker 1>according to AMDI CEO Lisa Sue, will be worth double

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<v Speaker 1>digit billions of dollars. So that's gonna be a big

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<v Speaker 1>deal for AMD, being reflected in their shares now. You know,

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<v Speaker 1>if there were any concerns over circular funding here that

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<v Speaker 1>is not evident, because it seems like Mark is really

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<v Speaker 1>just want a little bit of a break from the

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<v Speaker 1>tech downer narrative that we've been dealing with the last

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<v Speaker 1>couple of weeks. And so and again for Meta, you know,

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<v Speaker 1>this is part of their push to aggressively frontload computing

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<v Speaker 1>capacity per ceo Mark Zuckerberg, and I guess the circular

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<v Speaker 1>funding story is no longer so concentrated to justin Vidia.

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<v Speaker 3>Now it's expanded exactly. Here's the thing I don't get.

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<v Speaker 3>I mean, in this US economy, in this US stock market,

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<v Speaker 3>company A does not buy a stake in company B.

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<v Speaker 3>They just make investments in each other. I mean, they

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<v Speaker 3>don't take equity stakes. And but we see that in Asia,

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<v Speaker 3>we see that in lots of other economies, but not here.

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<v Speaker 3>But that's changing.

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<v Speaker 2>Does that become MESSI or you think I.

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<v Speaker 3>Don't I don't like it. There's a reason we don't

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<v Speaker 3>do it here. You don't buy stakes in your competitors,

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<v Speaker 3>your customers, or things like that. I'm not sure it's

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<v Speaker 3>good governance, but we'll see. But again, other parts of

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<v Speaker 3>the world they do it. So here we go.

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<v Speaker 1>There you go, All right, what's next, Let's take a

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<v Speaker 1>look at Warner Brothers again in the news given the

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<v Speaker 1>latest developments there, so ticker WBD. Those shares are up

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<v Speaker 1>seven tents of one person, so extending small gains as well.

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<v Speaker 1>And so the latest is that yes, Warner Brothers is

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<v Speaker 1>indeed considering a new takeover proposal from Paramount sky Dance.

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<v Speaker 1>They didn't specify what the new terms are, but we

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<v Speaker 1>did report that it was going to be hired in

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<v Speaker 1>the thirty dollars a share that Paramount offered previously. And

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<v Speaker 1>so the kicker is that if Warner Brothers deems this

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<v Speaker 1>superior to the one that has already accepted from Netflix,

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<v Speaker 1>then Netflix will have four days to make a counter offers.

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<v Speaker 1>Just a reminder, Netflix is still offering twenty seven to

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<v Speaker 1>seventy five a share for Warner Brothers Studios and streaming businesses,

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<v Speaker 1>and they're still looking for a spin off of some

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<v Speaker 1>of its other businesses there, so it's not going to

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<v Speaker 1>be the whole company. So we'll see how that's going

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<v Speaker 1>to be received by the board and investors. It feels

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<v Speaker 1>like the slowest moving of an a deal ever.

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<v Speaker 3>Yeah, I was telling Tom Keane early there's no juice

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<v Speaker 3>around it, and there should be a ton of juice

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<v Speaker 3>for these juicy companies, I think you know. But it

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<v Speaker 3>was whatever was ever run in this process for Warner

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<v Speaker 3>Brothers Discovery. They're just not into the whole. Let's have

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<v Speaker 3>some fun with it, you know. It's very deliberate, exactly,

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<v Speaker 3>very deliberate.

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<v Speaker 1>Whatonerarys We're going to still be talking about this twenty

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<v Speaker 1>twenty seven.

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<v Speaker 3>I think you know Netflix, if Netflix really wants it,

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<v Speaker 3>they have a much better capital position to do it,

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<v Speaker 3>So we'll see.

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<v Speaker 1>Okay, one more, all right, let's talk about Eli Lilly,

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<v Speaker 1>a soo ticker l l Y. Those chares not doing

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<v Speaker 1>too all of this morning, down one point two percent there,

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<v Speaker 1>It was down a lot earlier, about three percent, so

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<v Speaker 1>pairing some of those opening losses. And really the news

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<v Speaker 1>comes from its rival Nova Nordisk saying that it will

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<v Speaker 1>slash it's US list prices for we govy and a

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<v Speaker 1>zembe next year by as much as fifty percent, and

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<v Speaker 1>so the RIDA cross for Lily is initially negative. Those

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<v Speaker 1>City Group analysts, Jeff Meach, I'm saying that the price

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<v Speaker 1>production that could bring back price swarkincerns, But at the

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<v Speaker 1>same time, the main beneficiaries of this are likely going

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<v Speaker 1>to be people with high deductible plans or those who

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<v Speaker 1>pay co insurance, which really represents a relatively small proportion

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<v Speaker 1>of news starts. But you know, bad for lily stocks today.

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<v Speaker 1>Let's see what they're going to answer.

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<v Speaker 2>Back lit the Stock Movers Report from Bloomberg Radio. Check

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