WEBVTT - Nvidia Down, General Mills Lower, Eli Lilly Up on GLP-1 Pill Performance

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

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

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today on Paul Swenya alongside Alexis Christopherus and

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<v Speaker 1>we're joined by Bloomberg's Christina. You know, Christine, what are

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<v Speaker 1>you looking at today? Well, well, let's talk about in

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<v Speaker 1>Video because that is the one stock that is on

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<v Speaker 1>everybody's minds this morning. So ticker NVDA. Those shares are

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<v Speaker 1>down more than two percent, two and a half percent

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<v Speaker 1>at the moment, actually, and that is because we did

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<v Speaker 1>get that reporting from the Financial Times saying that China's

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<v Speaker 1>Internet regulator has told the country's biggest technology companies to

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<v Speaker 1>stop buying in Vidia chips, specifically the rtx pro six

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<v Speaker 1>thousand D chips. Now, this chip isn't regarded as among

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<v Speaker 1>in Vidia's marquee products. It's more of a high end card.

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<v Speaker 1>They designed it specifically for the restricted Chinese market. But

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<v Speaker 1>now we have this order from the Chinese authorities telling

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<v Speaker 1>their biggest companies to not buy the jit We did

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<v Speaker 1>get a report from the BBC quoting and Viga CEO

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<v Speaker 1>Jensen Huang saying that he's quote disappointed by the ruling

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<v Speaker 1>and that he would be quote patients in responding to

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<v Speaker 1>it right. Also, Christine, General Mills, I guess benefiting from

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<v Speaker 1>the fact that more folks are eating at home, they're

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<v Speaker 1>eating out less.

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<v Speaker 2>But I'm looking at the stock, it's not doing much

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<v Speaker 2>of anything right now.

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<v Speaker 1>Yeah, absolutely, Alexi sits down, So ticker gis General Mills

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<v Speaker 1>shares down just a tenth of one percent at the moment.

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<v Speaker 1>So clearly the first quarter adjusted EPs beat not doing

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<v Speaker 1>much to lift that stock at the moment, but they

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<v Speaker 1>did get that beat. It's eighty six cents topping analyst estimates.

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<v Speaker 1>In the company was saying that is indeed the rise

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<v Speaker 1>of home cooking among value conscious consumers that are struggling

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<v Speaker 1>with inflation. That has helped some of their segments, including

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<v Speaker 1>rice and beans. But at the same time, there is

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<v Speaker 1>kind of a warning in there. They did say that

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<v Speaker 1>sales in North America retail segment dropped thirteen percent for

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<v Speaker 1>the quarter to two point six billion, So that's probably

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<v Speaker 1>people substituting in store brands for name brands.

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<v Speaker 2>I know, I am I know, I am and I

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<v Speaker 2>am all of that the last four or five years.

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<v Speaker 1>Yeah, So that's probably why we're not getting much of

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<v Speaker 1>a lift because there is it's a bit of a

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<v Speaker 1>double edged sword kind of report from General Mills today.

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<v Speaker 1>You spend generations building up brand value and then puff gone.

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<v Speaker 1>That's what a little inflation will take. That's what a

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<v Speaker 1>little inflation to do. L l y Eli Lilly, l

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<v Speaker 1>y Eli Lilly. So those shares not up by much,

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<v Speaker 1>just about to four tens of one percent at the moment.

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<v Speaker 1>But they did get good news from a trial of

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<v Speaker 1>their golp one drug. It's an oral drug, experimental diabetes pill,

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<v Speaker 1>which showed that people on this for the trial lost

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<v Speaker 1>more weight and had a better blood sugar control than

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<v Speaker 1>those in an older approved rival from Novo Nordisk. So

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<v Speaker 1>this is a head to it drug trial. Patients that

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<v Speaker 1>were given Eli Lilly's oral drug lost eight point two

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<v Speaker 1>percent of their body weight in fifty two weeks versus

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<v Speaker 1>five point three percent for the Novo drug. So doctors

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<v Speaker 1>who were kind of they presented the results of doctors

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<v Speaker 1>and the doctors saying that the results look positive. They

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<v Speaker 1>say that the tablet will make it possible to treat

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<v Speaker 1>more patients because it's easier to produce and to take

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<v Speaker 1>given that it is an oral drug.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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