WEBVTT - Cisco Rises on Unified Edge, Disney Declines, Pfizer Battles for Metsera

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 1>Along with Carol Masser, Let's take a look at some

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<v Speaker 1>stocks on the move today with us is Bloomberg News

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<v Speaker 1>Equities Reporter Alexandra Semenova alex Cisco Systems. When you're watching today.

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<v Speaker 3>Yeah, a lot of tech news today, but I found

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<v Speaker 3>this one particularly interesting. Cisco is announcing a new all

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<v Speaker 3>in one product to help retail stores, healthcare facilities, and

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<v Speaker 3>factories incorporate artificial intelligence with the use of a single

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<v Speaker 3>rack of equipment to This technology is called Unified Edge.

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<v Speaker 3>I'm looking at the stock right now. It's up about

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<v Speaker 3>one point seven percent on this news. Basically, this new

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<v Speaker 3>technology combines chip storage, networking, and security software and relies

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<v Speaker 3>on Cisco products for this, but it lets customers actually

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<v Speaker 3>choose their own chips, so they can go with Nvidia

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<v Speaker 3>or Intel here right now, Basically, most companies are focused

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<v Speaker 3>on training AI models or running them, but Cisco and

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<v Speaker 3>other companies are betting that businesses will need equipment to

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<v Speaker 3>run AI tasks. Locally and they won't have these skilled

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<v Speaker 3>workers on site to help them. So this Cisco product

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<v Speaker 3>is designed to be plugged in and it just can

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<v Speaker 3>remotely be watched by centralized corporate technicians. And apparently Verizon

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<v Speaker 3>is already using it.

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<v Speaker 4>It's really fascinating to see these tech companies kind of

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<v Speaker 4>figuring out where their place is in the AI world.

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<v Speaker 4>I should also point out that I think UBS upgraded

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<v Speaker 4>Cisco today that on reflecting a multi year growth cycle

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<v Speaker 4>driven by AI infrastructure demand. I mean price target hike

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<v Speaker 4>to eighty eight from seventy four. So it's just again

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<v Speaker 4>I feel like the spend right.

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<v Speaker 3>You have to spend, you have to have some sort

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<v Speaker 3>of plan, and at this point will short of just

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<v Speaker 3>rewarding this.

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<v Speaker 4>It is pretty wild. Oh next one.

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<v Speaker 1>Oh I'm ready, I'm ready, want to go to Disney Disney.

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<v Speaker 1>Let's get a Disney.

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<v Speaker 3>A little bit of drama with Disney. Apparently Disney asked

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<v Speaker 3>YouTube to restore the broadcast of its ABC network ahead

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<v Speaker 3>of election day. They're having a fight over distribution fees,

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<v Speaker 3>so subscribers to YouTube tv have lost their access to

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<v Speaker 3>Disney channels like ABC, ESPN, NFX. On October thirty first,

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<v Speaker 3>after the two companies basically failed to come to an

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<v Speaker 3>agreement around their new programming costs. Both sides have accused

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<v Speaker 3>each other of being unreasonable and their demands. YouTube actually

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<v Speaker 3>offered some customers a twenty dollars a month credit if

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<v Speaker 3>this fight continues. And of course election day is coming

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<v Speaker 3>up tomorrow. It includes a race here for mayor in

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<v Speaker 3>New York City, as well as a governor's race in

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<v Speaker 3>Virginia and New Jersey. So it's trying to get people

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<v Speaker 3>access to what's going to be.

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<v Speaker 4>Remember when it was free and the airwaves.

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<v Speaker 3>We just turned on our TV and the channels, and

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<v Speaker 3>now it's like one streaming service. Do you go to

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<v Speaker 3>the YouTube or what do you use at?

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<v Speaker 1>This is why choice we all demanded. This is what

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<v Speaker 1>we all wanted. He really, here's what we got.

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<v Speaker 4>I don't know about that. Let's talk about Pfizer. What's

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<v Speaker 4>going on there?

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<v Speaker 3>Last one? Some fighting with Pfizer. Also, I guess everyone

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<v Speaker 3>is a little bit kind of worked up today. It's

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<v Speaker 3>definitely Monday sentiments. But it accused Novo Nordis of trying

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<v Speaker 3>to stifle competition in the weight loss market by attempting

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<v Speaker 3>to acquire the obesity startup Mitsarah Inc. This is the

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<v Speaker 3>second lawsuit that it has filed in four days, as

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<v Speaker 3>Pfizer tries to retain its grip on a deal that

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<v Speaker 3>Novo up ended last week. Apparently in a statement, they

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<v Speaker 3>said that they're trying to stop Novo Nordisk from illegally

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<v Speaker 3>paying off Matzerah, and it's controlling stockholders to gain control

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<v Speaker 3>of impair and potentially kill an emerging US competitor. Quite

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<v Speaker 3>a statement there.

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<v Speaker 4>Listen, it's all about those GLP one drugs. I think

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<v Speaker 4>I said something too that if said finally, I think obesity,

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<v Speaker 4>at least by one measure, maybe finally going down.

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<v Speaker 3>You know what's fascinating is I feel like the big

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<v Speaker 3>tech companies are working together, but when it comes to

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<v Speaker 3>GLP ones, we just keep hearing just about these companies

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<v Speaker 3>fighting with each other.

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