WEBVTT - WBD Up on Ellison's Guarantee, Marvell Technology Rises, Rocket Lab Soars

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. All right, let's see

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<v Speaker 1>what's happening out there in the world. See what some

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<v Speaker 1>stocks on the move today. On Paul Suoni alongside Just

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<v Speaker 1>Another Food. We're joined by Normal Linda, Norm. What are

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<v Speaker 1>looking at Well, let's.

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<v Speaker 2>Kick things off with one of the biggest stories of

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<v Speaker 2>the day. We've been talking about this all morning. Of course,

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<v Speaker 2>we've got our eyes on Warner Brothers Discovery. We are

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<v Speaker 2>hearing that Paramount's Guidance amended its bid for Warner Brothers Discovery,

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<v Speaker 2>and they're actually having Larry Ellison, the chairman of Oracle,

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<v Speaker 2>personally backing this bid. Here a guarantee of forty billion

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<v Speaker 2>dollars forty point four billion dollars in equity financing. Four

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<v Speaker 2>Paramounts propose one one eight point four billion dollar offer

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<v Speaker 2>for Warner Brothers Discovery. Literally has been an evolving story.

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<v Speaker 2>I like it's been a bit of a back and

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<v Speaker 2>forth tug and pull here. If we think about Netflix

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<v Speaker 2>and Paramount's guidance and looking at shares, a pair ofmo

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<v Speaker 2>S guidance up more than seven percent as the best

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<v Speaker 2>performing stock in the S and P five hundred on

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<v Speaker 2>a percentage basis. Netflix shares though sliding down about nine

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<v Speaker 2>tenths of a percent right now as we speak. And

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<v Speaker 2>Warner Brothers Discovery, which we know is really the center

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<v Speaker 2>of this entire discussion. Those shares are up about two

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<v Speaker 2>point seven percent right now. All right, Number two, Number two.

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<v Speaker 2>I've got my eyes on the tech space as well.

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<v Speaker 2>Looking at shares of Marvel Technology ESUS is taker mr VL.

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<v Speaker 2>We're seeing shares up about one point three percent. This

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<v Speaker 2>is after City open to positive catalyst watch on the company.

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<v Speaker 2>This is a chip maker. This is ahead of their

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<v Speaker 2>conference as a tech conference they're going to be having

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<v Speaker 2>next month in Las Vegas. They're saying that they expect

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<v Speaker 2>Marvel and Peers to highlight growing adoption of scale up networking,

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<v Speaker 2>including copackaged optics at the CEES conference, which likesly will

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<v Speaker 2>help this company, Marvel to win Trainium four. So we

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<v Speaker 2>are seeing a bit of a positive upswing here for

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<v Speaker 2>the company. Shares though down on a year to day

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<v Speaker 2>basis by about twenty three percent. Rocket left Rocket Labs.

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<v Speaker 2>This is in the aerospace sector. We're looking at shares

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<v Speaker 2>of rocket Lab this taker RKLB. They're up more than

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<v Speaker 2>eight percent. The company won a contract to design and

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<v Speaker 2>build eighteen satellites. This is the company's largest single contract

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<v Speaker 2>to date, so we are seeing shares up about eight percent,

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<v Speaker 2>but on a unity basis, the stocks really been on

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<v Speaker 2>a tear, almost up about two hundred percent so far

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<v Speaker 2>this year.

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<v Speaker 1>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 1>us throughout the day for the latest roundup of companies

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