WEBVTT - Expedia Rises, Sysco Falls, Viridian Therapeutics Tumbles as Eye Drug’s Efficacy Data Fall Short

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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 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Just take a look some of the stock movers on

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<v Speaker 3>the day. Here, we're joined by Bloomers. Isabelle is about

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<v Speaker 3>what are you looking at today?

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<v Speaker 1>We're looking at Expedia ticker EXPE. But I want to

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<v Speaker 1>throw an Instacart there, ticker art because both shares are

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<v Speaker 1>in degree, with Expedia up by more than one percent

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<v Speaker 1>Instacart up by more than four percent. That's after Jeffries

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<v Speaker 1>upgraded both to buy the firms that a pullback on

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<v Speaker 1>concerns of AI would mean that there's a good buying

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<v Speaker 1>opportunity for both shares. So the two stocks are poised

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<v Speaker 1>for upgrades to consentus estimates trade at notable evaluation discounts

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<v Speaker 1>when adjusted for growth and unless exposed to geopolitical risks.

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<v Speaker 1>So Expedia can continue to grow EPs by twenty percent

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<v Speaker 1>per ADAM in the next three years and Intacart should

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<v Speaker 1>see at least mid teens EPs growth going forward. So

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<v Speaker 1>both those docks are seeing a huge jump today and

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<v Speaker 1>they're green, and.

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<v Speaker 3>They're green all right, let's talk about some M and

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<v Speaker 3>A because it is Monday, m Anda.

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<v Speaker 1>So this is Cisco ticker SYY. It's not the Cisco

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<v Speaker 1>cis CEO. It's food company Sycso, yes, it's a food company.

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<v Speaker 1>They supply food to restaurants, hospitals, and schools and have

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<v Speaker 1>a market value of at least forty billion dollars, which

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<v Speaker 1>is interesting because I don't think I've heard of the Cisco,

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<v Speaker 1>but I guess it's one of those companies that are

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<v Speaker 1>very valuable on the back end.

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<v Speaker 3>You see the trucks all around, oh okay, and they

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<v Speaker 3>just park and then then they walk and they deliver

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<v Speaker 3>all the stuff. Okay, fronts within like two block radius,

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<v Speaker 3>and I haven't heard the company they're buying those.

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<v Speaker 1>Yes, I'm in the Grammy subway, so maybe that's why

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<v Speaker 1>I don't see trucks, but yes, they're buying. So they

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<v Speaker 1>agreed to buy privately held Jetro Restaurant for twenty nine

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<v Speaker 1>point one billion dollars. So this is a cash and

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<v Speaker 1>carry wholesaler and they serve around seven hundred thousand smaller

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<v Speaker 1>restaurant owners and food service operators, so I guess it

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<v Speaker 1>makes sense. It's kind of the same yeah.

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<v Speaker 3>I feel like I've gone past the restaurant depot before

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<v Speaker 3>in the past, so I think it's in Brooklyn if

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<v Speaker 3>I'm remembering correctly. Well, what's interesting is this seller, this

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<v Speaker 3>company that's being acquired privately held. Yeah, so here's a

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<v Speaker 3>privately held company. He's going to get it. What is

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<v Speaker 3>it twenty nine to thirty billion dollars pay day, Yeah.

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<v Speaker 1>Thirty nine billion dollars. And the financing would help, would

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<v Speaker 1>help them their credit ratings for once. Sisco said it's

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<v Speaker 1>pausing its Sherby purchase program to prioritize reducing leverage following

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<v Speaker 1>the acquisition. It's the largest cash and carry wholesaler in

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<v Speaker 1>the US. That's jet Thro so again.

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<v Speaker 3>And investment bankers. We got JP Morgan doing some financing.

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<v Speaker 3>We got acquired advised by Goldman Sachs and TD Securities,

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<v Speaker 3>and the seller's being advised by Evercorp. Again, another boutique

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<v Speaker 3>investment bank getting paid big time of a big deal.

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<v Speaker 1>And Jetro was founded in nineteen seventy six by Nathan Kirsch.

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<v Speaker 1>He's a South African billionaire.

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<v Speaker 3>Awesome, good for him.

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<v Speaker 2>It's five sixty six Hamilton Avenue in Brooklyn.

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<v Speaker 3>There's also one in Jersey City, Paul Okay on Amity Road.

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<v Speaker 2>Yeah, in the industrial parts of town.

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<v Speaker 3>Essentially got it one more. What do you got for us?

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<v Speaker 1>Very Therapeutics Kicker VRDN stock is down more than thirty percent.

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<v Speaker 1>It paired by some of those losses, but still it's

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<v Speaker 1>down thirty four percent. This is again after clinical trial

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<v Speaker 1>and active thyroid eye diseases. They announced those results, but

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<v Speaker 1>it felt because the drug developer gave efficacy data from

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<v Speaker 1>a late stage trial of its experiment, experimental therapy that

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<v Speaker 1>fell short of expectations. Again, we talk about all these

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<v Speaker 1>biotech companies and they swing big gains and big losses

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<v Speaker 1>depending on the outcome. But for that, for now, it's

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<v Speaker 1>not looking so great for them. We have Jefferys those

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<v Speaker 1>still maintaining a by rating.

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<v Speaker 2>So there's that the Stock mover's report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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<v Speaker 2>the latest market moving headlines. Listen to Bloomberg Radio Live,

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