Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's see what's happening out there in the world with
Speaker 3: stocks are moving higher. Let's take a look at some
Speaker 3: of the movers here today. We can do that with
Speaker 3: Bloomberg's Christina. You know, Christine, what are you looking at it?
Speaker 1: Let's go look at AMD. Paul big news today of course,
Speaker 1: given that Meta deal, and of course that is doing
Speaker 1: well for its shares ticker AMD. Those are up now
Speaker 1: more than seven percent, extending the opening gaze that we've
Speaker 1: already seen. And so the deal is this Meta will
Speaker 1: buy AMDI chips and computers designed to run their artificial
Speaker 1: intelligence models over a five year stretch beginning in the
Speaker 1: second half of twenty twenty six. There's also a share
Speaker 1: purchase component of this deal, and the series of transactions,
Speaker 1: according to AMDI CEO Lisa Sue, will be worth double
Speaker 1: digit billions of dollars. So that's gonna be a big
Speaker 1: deal for AMD, being reflected in their shares now. You know,
Speaker 1: if there were any concerns over circular funding here that
Speaker 1: is not evident, because it seems like Mark is really
Speaker 1: just want a little bit of a break from the
Speaker 1: tech downer narrative that we've been dealing with the last
Speaker 1: couple of weeks. And so and again for Meta, you know,
Speaker 1: this is part of their push to aggressively frontload computing
Speaker 1: capacity per ceo Mark Zuckerberg, and I guess the circular
Speaker 1: funding story is no longer so concentrated to justin Vidia.
Speaker 3: Now it's expanded exactly. Here's the thing I don't get.
Speaker 3: I mean, in this US economy, in this US stock market,
Speaker 3: company A does not buy a stake in company B.
Speaker 3: They just make investments in each other. I mean, they
Speaker 3: don't take equity stakes. And but we see that in Asia,
Speaker 3: we see that in lots of other economies, but not here.
Speaker 3: But that's changing.
Speaker 2: Does that become MESSI or you think I.
Speaker 3: Don't I don't like it. There's a reason we don't
Speaker 3: do it here. You don't buy stakes in your competitors,
Speaker 3: your customers, or things like that. I'm not sure it's
Speaker 3: good governance, but we'll see. But again, other parts of
Speaker 3: the world they do it. So here we go.
Speaker 1: There you go, All right, what's next, Let's take a
Speaker 1: look at Warner Brothers again in the news given the
Speaker 1: latest developments there, so ticker WBD. Those shares are up
Speaker 1: seven tents of one person, so extending small gains as well.
Speaker 1: And so the latest is that yes, Warner Brothers is
Speaker 1: indeed considering a new takeover proposal from Paramount sky Dance.
Speaker 1: They didn't specify what the new terms are, but we
Speaker 1: did report that it was going to be hired in
Speaker 1: the thirty dollars a share that Paramount offered previously. And
Speaker 1: so the kicker is that if Warner Brothers deems this
Speaker 1: superior to the one that has already accepted from Netflix,
Speaker 1: then Netflix will have four days to make a counter offers.
Speaker 1: Just a reminder, Netflix is still offering twenty seven to
Speaker 1: seventy five a share for Warner Brothers Studios and streaming businesses,
Speaker 1: and they're still looking for a spin off of some
Speaker 1: of its other businesses there, so it's not going to
Speaker 1: be the whole company. So we'll see how that's going
Speaker 1: to be received by the board and investors. It feels
Speaker 1: like the slowest moving of an a deal ever.
Speaker 3: Yeah, I was telling Tom Keane early there's no juice
Speaker 3: around it, and there should be a ton of juice
Speaker 3: for these juicy companies, I think you know. But it
Speaker 3: was whatever was ever run in this process for Warner
Speaker 3: Brothers Discovery. They're just not into the whole. Let's have
Speaker 3: some fun with it, you know. It's very deliberate, exactly,
Speaker 3: very deliberate.
Speaker 1: Whatonerarys We're going to still be talking about this twenty
Speaker 1: twenty seven.
Speaker 3: I think you know Netflix, if Netflix really wants it,
Speaker 3: they have a much better capital position to do it,
Speaker 3: So we'll see.
Speaker 1: Okay, one more, all right, let's talk about Eli Lilly,
Speaker 1: a soo ticker l l Y. Those chares not doing
Speaker 1: too all of this morning, down one point two percent there,
Speaker 1: It was down a lot earlier, about three percent, so
Speaker 1: pairing some of those opening losses. And really the news
Speaker 1: comes from its rival Nova Nordisk saying that it will
Speaker 1: slash it's US list prices for we govy and a
Speaker 1: zembe next year by as much as fifty percent, and
Speaker 1: so the RIDA cross for Lily is initially negative. Those
Speaker 1: City Group analysts, Jeff Meach, I'm saying that the price
Speaker 1: production that could bring back price swarkincerns, But at the
Speaker 1: same time, the main beneficiaries of this are likely going
Speaker 1: to be people with high deductible plans or those who
Speaker 1: pay co insurance, which really represents a relatively small proportion
Speaker 1: of news starts. But you know, bad for lily stocks today.
Speaker 1: Let's see what they're going to answer.
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