Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data
Speaker 2: on Timstadeveek.
Speaker 1: Along with Carol Masser, Let's take a look at some
Speaker 1: stocks on the move today with us is Bloomberg News
Speaker 1: Equities Reporter Alexandra Semenova alex Cisco Systems. When you're watching today.
Speaker 3: Yeah, a lot of tech news today, but I found
Speaker 3: this one particularly interesting. Cisco is announcing a new all
Speaker 3: in one product to help retail stores, healthcare facilities, and
Speaker 3: factories incorporate artificial intelligence with the use of a single
Speaker 3: rack of equipment to This technology is called Unified Edge.
Speaker 3: I'm looking at the stock right now. It's up about
Speaker 3: one point seven percent on this news. Basically, this new
Speaker 3: technology combines chip storage, networking, and security software and relies
Speaker 3: on Cisco products for this, but it lets customers actually
Speaker 3: choose their own chips, so they can go with Nvidia
Speaker 3: or Intel here right now, Basically, most companies are focused
Speaker 3: on training AI models or running them, but Cisco and
Speaker 3: other companies are betting that businesses will need equipment to
Speaker 3: run AI tasks. Locally and they won't have these skilled
Speaker 3: workers on site to help them. So this Cisco product
Speaker 3: is designed to be plugged in and it just can
Speaker 3: remotely be watched by centralized corporate technicians. And apparently Verizon
Speaker 3: is already using it.
Speaker 4: It's really fascinating to see these tech companies kind of
Speaker 4: figuring out where their place is in the AI world.
Speaker 4: I should also point out that I think UBS upgraded
Speaker 4: Cisco today that on reflecting a multi year growth cycle
Speaker 4: driven by AI infrastructure demand. I mean price target hike
Speaker 4: to eighty eight from seventy four. So it's just again
Speaker 4: I feel like the spend right.
Speaker 3: You have to spend, you have to have some sort
Speaker 3: of plan, and at this point will short of just
Speaker 3: rewarding this.
Speaker 4: It is pretty wild. Oh next one.
Speaker 1: Oh I'm ready, I'm ready, want to go to Disney Disney.
Speaker 1: Let's get a Disney.
Speaker 3: A little bit of drama with Disney. Apparently Disney asked
Speaker 3: YouTube to restore the broadcast of its ABC network ahead
Speaker 3: of election day. They're having a fight over distribution fees,
Speaker 3: so subscribers to YouTube tv have lost their access to
Speaker 3: Disney channels like ABC, ESPN, NFX. On October thirty first,
Speaker 3: after the two companies basically failed to come to an
Speaker 3: agreement around their new programming costs. Both sides have accused
Speaker 3: each other of being unreasonable and their demands. YouTube actually
Speaker 3: offered some customers a twenty dollars a month credit if
Speaker 3: this fight continues. And of course election day is coming
Speaker 3: up tomorrow. It includes a race here for mayor in
Speaker 3: New York City, as well as a governor's race in
Speaker 3: Virginia and New Jersey. So it's trying to get people
Speaker 3: access to what's going to be.
Speaker 4: Remember when it was free and the airwaves.
Speaker 3: We just turned on our TV and the channels, and
Speaker 3: now it's like one streaming service. Do you go to
Speaker 3: the YouTube or what do you use at?
Speaker 1: This is why choice we all demanded. This is what
Speaker 1: we all wanted. He really, here's what we got.
Speaker 4: I don't know about that. Let's talk about Pfizer. What's
Speaker 4: going on there?
Speaker 3: Last one? Some fighting with Pfizer. Also, I guess everyone
Speaker 3: is a little bit kind of worked up today. It's
Speaker 3: definitely Monday sentiments. But it accused Novo Nordis of trying
Speaker 3: to stifle competition in the weight loss market by attempting
Speaker 3: to acquire the obesity startup Mitsarah Inc. This is the
Speaker 3: second lawsuit that it has filed in four days, as
Speaker 3: Pfizer tries to retain its grip on a deal that
Speaker 3: Novo up ended last week. Apparently in a statement, they
Speaker 3: said that they're trying to stop Novo Nordisk from illegally
Speaker 3: paying off Matzerah, and it's controlling stockholders to gain control
Speaker 3: of impair and potentially kill an emerging US competitor. Quite
Speaker 3: a statement there.
Speaker 4: Listen, it's all about those GLP one drugs. I think
Speaker 4: I said something too that if said finally, I think obesity,
Speaker 4: at least by one measure, maybe finally going down.
Speaker 3: You know what's fascinating is I feel like the big
Speaker 3: tech companies are working together, but when it comes to
Speaker 3: GLP ones, we just keep hearing just about these companies
Speaker 3: fighting with each other.
Speaker 2: They really are the Stockmovers report from Bloomberg Radio. Check
Speaker 2: back with us throughout the day for the latest roundup
Speaker 2: of companies making news on Wall Street and for the
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch
Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and
Speaker 2: Android Auto with the Bloomberg Business app.