1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,239 --> 00:00:18,159 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,200 --> 00:00:21,480 Speaker 2: the move today. Paul Sunia alongside Alexis Christophers, and we're 6 00:00:21,520 --> 00:00:24,200 Speaker 2: joined by Bloomberg's Smitte Alsa. What are you looking at all? 7 00:00:24,239 --> 00:00:26,000 Speaker 3: Right? I gotta start with the big deal making news, right. 8 00:00:26,079 --> 00:00:28,640 Speaker 3: Kimberly Clark agreed to about talent o' maker ken View. 9 00:00:28,680 --> 00:00:31,160 Speaker 3: It's a deal worth about forty billion dollars. The company 10 00:00:31,240 --> 00:00:33,360 Speaker 3: said the deal has an enterprise value about forty eight 11 00:00:33,400 --> 00:00:36,839 Speaker 3: point seven billion. So you have Kimberly Clark ticker KMB, 12 00:00:36,920 --> 00:00:39,800 Speaker 3: which owns up course, Kleenex, Huggies brands, things like that. 13 00:00:40,280 --> 00:00:42,760 Speaker 3: Their shaws have been down as much as sixteen percent. 14 00:00:42,840 --> 00:00:47,519 Speaker 3: Then we look at Kenview ticker KVUE. They include aside 15 00:00:47,560 --> 00:00:50,840 Speaker 3: from the Thailand all they have nutrig and a lotion, Listerine, 16 00:00:50,840 --> 00:00:53,479 Speaker 3: mouth washed, Bendadryl, band aids, all that kind of stuff 17 00:00:53,920 --> 00:00:57,360 Speaker 3: up as much as nineteen percent. But the company's really been, 18 00:00:57,400 --> 00:01:00,000 Speaker 3: i mean struggling since it's spun off from Johnson and Johnson, 19 00:01:00,040 --> 00:01:03,440 Speaker 3: and they said the combination would allow Kimberly Clarks of 20 00:01:03,480 --> 00:01:05,840 Speaker 3: the combination is going to allow us to surpass Unilever 21 00:01:06,000 --> 00:01:09,319 Speaker 3: to become the second biggest seller of health and wellness products, 22 00:01:09,400 --> 00:01:12,520 Speaker 3: right after Procter and Gamble. So this was some really 23 00:01:12,560 --> 00:01:15,040 Speaker 3: really big news this morning. The only kind of issue 24 00:01:15,080 --> 00:01:17,520 Speaker 3: is that the Trump administration's attacks on Tail and All, 25 00:01:17,560 --> 00:01:20,360 Speaker 3: which is ken View's biggest product, so that could be 26 00:01:20,400 --> 00:01:24,039 Speaker 3: an issue. But the the deal is currently. 27 00:01:23,720 --> 00:01:26,560 Speaker 2: I've got out to Jen Ree, she does antitrust for 28 00:01:26,600 --> 00:01:29,120 Speaker 2: Bloomberg Intelligence to see whether this single get approved. But 29 00:01:29,560 --> 00:01:31,160 Speaker 2: of course the first thing I do anytime I see 30 00:01:31,160 --> 00:01:32,480 Speaker 2: a big M and a trade, and this is a 31 00:01:32,520 --> 00:01:35,039 Speaker 2: big M and a trade, M and a go who's 32 00:01:35,080 --> 00:01:39,279 Speaker 2: getting paid here? Kimberly Clark being advised by JP Morgan 33 00:01:39,440 --> 00:01:44,039 Speaker 2: and PJT Partners. PGT Partners is Paul Tauman's firm, great firm, 34 00:01:44,120 --> 00:01:47,280 Speaker 2: he's an ex Morgan Stanley guy. And Kenvy is being 35 00:01:47,280 --> 00:01:49,960 Speaker 2: advised by Centerview Partners. That's Blair Efron. He's a great 36 00:01:49,960 --> 00:01:53,480 Speaker 2: banker in Goldman Sachs. So everybody's getting there and lots 37 00:01:53,520 --> 00:01:57,200 Speaker 2: of bank lots of lawyers as well. Very true but 38 00:01:57,280 --> 00:01:59,960 Speaker 2: the snock and pre market Kimberly Clark down about fifteen 39 00:02:00,160 --> 00:02:02,400 Speaker 2: percent right now, So yeah, you use some stock in there, 40 00:02:02,400 --> 00:02:04,320 Speaker 2: so it's going to be diluted. And when I see 41 00:02:04,320 --> 00:02:06,560 Speaker 2: a move like this at down fifteen percent for the buyer, 42 00:02:06,640 --> 00:02:09,640 Speaker 2: it says the market's telling me they overpaid. We'll see. 43 00:02:10,000 --> 00:02:12,679 Speaker 2: We can talk to the Kimberly Clark analyst and the 44 00:02:12,680 --> 00:02:14,640 Speaker 2: Bloomberg Intelligence program coming up later. 45 00:02:14,960 --> 00:02:18,160 Speaker 3: All right, excellent Australian company. Iron I want to get 46 00:02:18,160 --> 00:02:20,640 Speaker 3: to them here. I took your ire in. Their shares 47 00:02:20,639 --> 00:02:23,400 Speaker 3: have been up as much as twenty two percent. The 48 00:02:23,560 --> 00:02:27,240 Speaker 3: reason for this. Microsoft apparently signed an approximately nine point 49 00:02:27,240 --> 00:02:30,440 Speaker 3: seven billion dollars deal to purchase AI cloud capacity from 50 00:02:30,440 --> 00:02:34,359 Speaker 3: the company, and that's making it its largest customer. It's 51 00:02:34,400 --> 00:02:36,600 Speaker 3: also one of the largest deals yet in the AI 52 00:02:36,760 --> 00:02:39,840 Speaker 3: infrastructure sector, so this is pretty big. It's a five 53 00:02:39,919 --> 00:02:43,440 Speaker 3: year agreement and what it includes a twenty percent prepayment. 54 00:02:43,480 --> 00:02:46,840 Speaker 3: It's going to give Microsoft access to Nvidia accelerator systems 55 00:02:46,840 --> 00:02:50,359 Speaker 3: and Texas for those AI workloads. And that site over 56 00:02:50,400 --> 00:02:53,399 Speaker 3: in Texas is going to have these liquid cool data centers. 57 00:02:53,440 --> 00:02:56,320 Speaker 3: It supports up to two hundred megawatts of IT load. 58 00:02:56,400 --> 00:02:59,080 Speaker 3: I guess that's a lot a lot of the megawats. 59 00:02:59,480 --> 00:03:02,320 Speaker 3: But Iron also partner with Dell to purchase the GPU's 60 00:03:02,360 --> 00:03:05,680 Speaker 3: related equipment for about five point eight billion dollars. So 61 00:03:05,720 --> 00:03:07,959 Speaker 3: a lot going on in the AI space this morning. 62 00:03:08,200 --> 00:03:10,680 Speaker 3: Because if I look at the next one cipher mining 63 00:03:10,720 --> 00:03:14,520 Speaker 3: at Sticker CifR, their shares have risen as much as 64 00:03:14,520 --> 00:03:18,320 Speaker 3: twenty one percent. They reported yes adjustable earnings per year 65 00:03:18,360 --> 00:03:19,800 Speaker 3: in the third quarter of that beat. But the big 66 00:03:19,840 --> 00:03:21,480 Speaker 3: news is that it's signed a five and a half 67 00:03:21,520 --> 00:03:25,960 Speaker 3: billion dollar, fifteen year lease agreement with Amazon Web Services. 68 00:03:26,000 --> 00:03:30,200 Speaker 3: They're going to provide space power AI workloads, so they 69 00:03:30,280 --> 00:03:33,720 Speaker 3: operate industrial scale data centers. We're talking about cipher and 70 00:03:33,800 --> 00:03:36,040 Speaker 3: they're a big player in the crypto space, but now 71 00:03:36,040 --> 00:03:38,080 Speaker 3: they're going to have they're having this growing role in 72 00:03:38,120 --> 00:03:41,120 Speaker 3: the AI market. All these deals we've been talking about 73 00:03:41,320 --> 00:03:44,800 Speaker 3: in the need for AI to power those data centers. 74 00:03:45,000 --> 00:03:47,600 Speaker 3: They're going to deliver air liquid cooling to the racks. 75 00:03:47,680 --> 00:03:49,800 Speaker 3: Capacity going to be delivered in two phases, so you 76 00:03:49,800 --> 00:03:52,240 Speaker 3: can expect to begin in July twenty twenty six and 77 00:03:52,280 --> 00:03:55,120 Speaker 3: then complete in the fourth quarter of twenty twenty six. 78 00:03:55,200 --> 00:03:57,280 Speaker 3: But a lot of AI news rounding a lot of 79 00:03:57,320 --> 00:03:58,640 Speaker 3: these the time. 80 00:04:00,080 --> 00:04:04,320 Speaker 1: This stockmover's report from Bloomberg Radio. 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