1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:19,520 Speaker 1: I'm Carol Masser along with Tim Stenevik. Let's get to 5 00:00:19,640 --> 00:00:23,040 Speaker 1: some stocks on the move on this Monday. Bloomberg News 6 00:00:23,040 --> 00:00:26,079 Speaker 1: Equities reporter Alexander Semenova is with us. She is here 7 00:00:26,079 --> 00:00:27,600 Speaker 1: in our New York studio. Where do you want to begin? 8 00:00:27,960 --> 00:00:29,880 Speaker 3: Hey, guys, So, one of the stocks that is not 9 00:00:30,080 --> 00:00:33,600 Speaker 3: participating in today's rally is Novo Nordisk. Basically, they took 10 00:00:33,960 --> 00:00:36,920 Speaker 3: a big gamble that kind of backfired on them. They 11 00:00:37,040 --> 00:00:41,080 Speaker 3: tried a pill version of their ozembic weight loss drug 12 00:00:41,280 --> 00:00:44,519 Speaker 3: for an Alzheimer's trial, kind of hoping that they could 13 00:00:44,600 --> 00:00:47,959 Speaker 3: find another use case as competition in the GLP one 14 00:00:48,000 --> 00:00:51,320 Speaker 3: market heats up. But apparently patients who took the medicine 15 00:00:51,479 --> 00:00:55,720 Speaker 3: didn't see their disease progress more slowly. They announced this today. 16 00:00:56,000 --> 00:00:59,120 Speaker 3: The stock closed down five point eight percent in Copenhagen, 17 00:00:59,280 --> 00:01:02,520 Speaker 3: and it's down about the same percent amount a percent 18 00:01:02,640 --> 00:01:06,039 Speaker 3: here in US trading. They will discontinue a planned one 19 00:01:06,080 --> 00:01:09,360 Speaker 3: year extension of the study and the failure removes one 20 00:01:09,400 --> 00:01:13,480 Speaker 3: of the last remaining hopes for a near term revival 21 00:01:13,600 --> 00:01:16,920 Speaker 3: of this company. It has obviously lost ground to some 22 00:01:16,959 --> 00:01:21,039 Speaker 3: of its competitors, including Eli Lilly. BMO Capital Markets said 23 00:01:21,160 --> 00:01:24,760 Speaker 3: that the failure could lead to significant downside, so it 24 00:01:24,760 --> 00:01:26,960 Speaker 3: was a really big risk here to continue with the study. 25 00:01:27,080 --> 00:01:29,920 Speaker 4: You have had an interesting conversation on Bloomberg BusinessWeek Daily 26 00:01:30,160 --> 00:01:33,680 Speaker 4: earlier today about with Madison Mueller just about all the 27 00:01:33,720 --> 00:01:36,880 Speaker 4: different elements to the GLP one conversation, the microdose and 28 00:01:36,920 --> 00:01:39,480 Speaker 4: Eli Lilly doing so well this year, while Novo Nordisk 29 00:01:39,560 --> 00:01:41,920 Speaker 4: did not do so well. But I think a key 30 00:01:41,920 --> 00:01:44,120 Speaker 4: part of this story is, Okay, what is the future 31 00:01:44,280 --> 00:01:49,200 Speaker 4: of this medicine's potential when it comes to Alzheimer's, And 32 00:01:49,400 --> 00:01:51,600 Speaker 4: Madison basically said, it's kind of up to these companies 33 00:01:51,600 --> 00:01:53,080 Speaker 4: if they want to pursue other testing. 34 00:01:53,360 --> 00:01:56,360 Speaker 3: Yeah, exactly. I mean, in this case, the sole purpose 35 00:01:56,560 --> 00:01:59,240 Speaker 3: was to try to find another reason to use the 36 00:01:59,280 --> 00:02:03,640 Speaker 3: drug when there's many GLP ones available for it to 37 00:02:03,680 --> 00:02:06,160 Speaker 3: slow the progression of Alzheimer's, and that didn't happen here. 38 00:02:06,160 --> 00:02:09,200 Speaker 3: So it was a big gamble exploring this use and 39 00:02:09,240 --> 00:02:09,840 Speaker 3: it didn't work out. 40 00:02:09,919 --> 00:02:11,160 Speaker 1: I mean, what you really want to do is find 41 00:02:11,200 --> 00:02:14,040 Speaker 1: some other indications that just give it a whole other 42 00:02:14,160 --> 00:02:17,240 Speaker 1: market to address, and you get FDA approval for it, 43 00:02:17,240 --> 00:02:18,720 Speaker 1: and so on and so forth and right, and it 44 00:02:18,800 --> 00:02:22,640 Speaker 1: just increases kind of the market size for them, all right. 45 00:02:22,760 --> 00:02:25,000 Speaker 1: So from Novo to where shall we go? 46 00:02:25,440 --> 00:02:28,600 Speaker 3: We have Amazon also with some big news today. They 47 00:02:28,639 --> 00:02:31,600 Speaker 3: said that they will spend as much as fifty billion 48 00:02:31,639 --> 00:02:36,680 Speaker 3: dollars expanding their capacity to provide artificial intelligence to US 49 00:02:36,800 --> 00:02:39,720 Speaker 3: government entities and looking at shares right now, the stock 50 00:02:39,800 --> 00:02:44,359 Speaker 3: is up about two point four percent. AWS currently supports 51 00:02:44,400 --> 00:02:48,880 Speaker 3: more than eleven thousand government agencies. They set in today's announcement. 52 00:02:48,919 --> 00:02:52,840 Speaker 3: The company provides services from more than nine hundred data centers, 53 00:02:52,880 --> 00:02:55,680 Speaker 3: and they're looking to expand that. Next year, Amazon Web 54 00:02:55,760 --> 00:02:59,600 Speaker 3: Services plans to break round on what ultimately will be 55 00:02:59,680 --> 00:03:04,400 Speaker 3: one point three gigawatts of additional capacity, again across data 56 00:03:04,440 --> 00:03:07,720 Speaker 3: centers for federal agencies specifically. So some good news here. 57 00:03:08,040 --> 00:03:10,320 Speaker 1: So is this just like a normal government contract like 58 00:03:10,440 --> 00:03:11,519 Speaker 1: it seems. 59 00:03:11,200 --> 00:03:13,880 Speaker 3: Like it is. So perhaps some of this rally isn't 60 00:03:13,880 --> 00:03:17,280 Speaker 3: necessarily on the news, but rather investors stepping in back 61 00:03:17,280 --> 00:03:20,200 Speaker 3: to big tech after a very volatile lust Ian which 62 00:03:20,240 --> 00:03:21,240 Speaker 3: certainly is not hurting that. 63 00:03:21,320 --> 00:03:24,320 Speaker 1: It's a pretty big spend. I mean, obviously, right, the 64 00:03:24,320 --> 00:03:27,880 Speaker 1: government's got to use somebody to compute and candle all 65 00:03:27,919 --> 00:03:30,120 Speaker 1: of its own little data. So it's kind of wild. 66 00:03:30,400 --> 00:03:32,160 Speaker 1: Tesla also a tap game today. 67 00:03:32,160 --> 00:03:34,160 Speaker 4: It's a big move, it is. 68 00:03:34,320 --> 00:03:37,400 Speaker 3: It looks like it's up six point six percent right now. 69 00:03:37,440 --> 00:03:40,960 Speaker 3: This is the biggest intra day move since September. Elon 70 00:03:41,120 --> 00:03:44,520 Speaker 3: Musk tweeted on Sunday in a post on x saying 71 00:03:44,800 --> 00:03:49,040 Speaker 3: that he, you know, sees a progress on the company's 72 00:03:49,080 --> 00:03:52,680 Speaker 3: AI chip plans. The company is close to te taping out. 73 00:03:52,760 --> 00:03:56,840 Speaker 3: It's A fifteen chips, beginning work on its A sixteen chips. Currently, 74 00:03:56,880 --> 00:03:59,840 Speaker 3: Tesla cars are using the A fourteen chips. 75 00:04:00,360 --> 00:04:02,240 Speaker 1: I love all these companies that are doing their own chips. 76 00:04:03,040 --> 00:04:04,720 Speaker 4: I mean, I think we learned or they learned the 77 00:04:04,760 --> 00:04:07,800 Speaker 4: hard way, especially auto companies just a few years ago. 78 00:04:08,000 --> 00:04:10,320 Speaker 4: I mean, you remember the pictures of all the cars 79 00:04:10,320 --> 00:04:12,840 Speaker 4: that were just sitting waiting waiting for chips. 80 00:04:12,880 --> 00:04:13,120 Speaker 3: Yeah. 81 00:04:13,240 --> 00:04:16,200 Speaker 1: Yeah, So everybody's kind of doing their own thing. Goodness, 82 00:04:16,200 --> 00:04:18,000 Speaker 1: thank you so much, Thank you guys. Big tech is 83 00:04:18,040 --> 00:04:18,560 Speaker 1: kind of back. 84 00:04:18,760 --> 00:04:23,200 Speaker 3: It's kind of funny. Do you ever go away, get 85 00:04:23,279 --> 00:04:24,240 Speaker 3: buyers waiting it. 86 00:04:25,760 --> 00:04:29,800 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 87 00:04:29,880 --> 00:04:32,440 Speaker 2: us throughout the day for the latest roundup of companies 88 00:04:32,520 --> 00:04:35,599 Speaker 2: making news on Wall Street and for the latest market 89 00:04:35,640 --> 00:04:40,080 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 90 00:04:40,200 --> 00:04:43,719 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 91 00:04:43,760 --> 00:04:45,239 Speaker 2: the Bloomberg Business app.