1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The stock Movers Report, 2 00:00:10,240 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,720 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:20,080 Speaker 2: All right, is that time of day for stock movers 5 00:00:20,440 --> 00:00:23,279 Speaker 2: and I challenge Lisa to have some stock movers for 6 00:00:23,400 --> 00:00:24,440 Speaker 2: me today. What do you got for us? 7 00:00:24,440 --> 00:00:26,200 Speaker 3: All right? I gotta start with Intel. I've been hitting 8 00:00:26,239 --> 00:00:29,080 Speaker 3: it all all morning long. I INTC. Their shares have 9 00:00:29,120 --> 00:00:32,599 Speaker 3: been down as much as three percent. The reason why, Well, 10 00:00:32,640 --> 00:00:35,199 Speaker 3: Reuters is reporting that in Vidias stopped the test to 11 00:00:35,280 --> 00:00:38,559 Speaker 3: use Intel's production process to make their advanced chips. And 12 00:00:38,680 --> 00:00:42,000 Speaker 3: Vidia tested the so called eighteen A process, but it 13 00:00:42,159 --> 00:00:44,800 Speaker 3: just didn't move forward with it. So Intel they recently 14 00:00:44,840 --> 00:00:47,240 Speaker 3: opened this new factory in Arizona. It's known as Fab 15 00:00:47,360 --> 00:00:50,240 Speaker 3: fifty two, and it's the first to go into mass 16 00:00:50,280 --> 00:00:53,400 Speaker 3: production with this kind of technique. So Intel says it's 17 00:00:53,440 --> 00:00:57,120 Speaker 3: the most advanced chip production technology development deployed in the US. 18 00:00:57,960 --> 00:01:00,560 Speaker 3: Not sure why Nvidia backed out of it. In Vidia 19 00:01:00,600 --> 00:01:04,000 Speaker 3: did not comment. But I mean Intel's trying to strengthen 20 00:01:04,000 --> 00:01:06,840 Speaker 3: American leadership in the industry. I mean the global leader 21 00:01:06,880 --> 00:01:09,960 Speaker 3: is Taiwan Semiconduct Manufacturing so they're they've been trying to 22 00:01:10,040 --> 00:01:11,039 Speaker 3: keep up and. 23 00:01:11,000 --> 00:01:14,200 Speaker 2: It's all part of kind of reassuring some parts of 24 00:01:14,240 --> 00:01:17,200 Speaker 2: this technology splash right, okay, right, exactly. 25 00:01:17,319 --> 00:01:20,280 Speaker 3: We don't we don't really ever talk about Dinovacs. I know, 26 00:01:20,400 --> 00:01:21,479 Speaker 3: you said, who that's what I said? 27 00:01:21,520 --> 00:01:23,160 Speaker 1: This? Look that up? 28 00:01:23,280 --> 00:01:27,039 Speaker 3: Yes, okay, So Dinovacs technologies up as much as thirty 29 00:01:27,120 --> 00:01:29,959 Speaker 3: nine percent. They had a thirteen percent drop so far 30 00:01:30,000 --> 00:01:32,320 Speaker 3: this year, so this is pretty some good news, good 31 00:01:32,319 --> 00:01:37,959 Speaker 3: news from its dvax French drug maker Sanafieh Sanafee. Yeah, 32 00:01:37,959 --> 00:01:40,240 Speaker 3: they agreed to buy the company for about two point 33 00:01:40,280 --> 00:01:44,319 Speaker 3: two billion dollars, so Santafe. They're they're looking to expand. 34 00:01:44,360 --> 00:01:46,640 Speaker 3: They have the vaccine business. You've probably seen the commercials 35 00:01:46,640 --> 00:01:51,040 Speaker 3: for their flu shot franchise, Dinovacs. This deal gives them 36 00:01:51,080 --> 00:01:53,960 Speaker 3: a hepatitis B vaccine that's already kind of marketed in 37 00:01:54,000 --> 00:01:57,080 Speaker 3: the US. It also gives them an experimental shingle shot. 38 00:01:57,320 --> 00:01:59,800 Speaker 3: So they're they're trying to kind of up their their 39 00:02:00,400 --> 00:02:03,480 Speaker 3: at CEO has been investing in research development, M and 40 00:02:03,560 --> 00:02:06,640 Speaker 3: A deals. He's looking for alternative revenue streams to kind 41 00:02:06,680 --> 00:02:10,000 Speaker 3: of replace their top selling medicine, which is dupixe it 42 00:02:10,400 --> 00:02:12,840 Speaker 3: and that is facing a patent cliff and that's the 43 00:02:12,880 --> 00:02:15,800 Speaker 3: reason for that. But it came after, you know, just 44 00:02:15,840 --> 00:02:19,079 Speaker 3: minutes Santafi said, the US Food and Drug Administration rejected 45 00:02:19,120 --> 00:02:22,800 Speaker 3: its experimental multiple sclerosis drugs. So this kind of was 46 00:02:23,000 --> 00:02:26,280 Speaker 3: the news on the back of that. But Dinavacks their 47 00:02:26,320 --> 00:02:28,080 Speaker 3: shares are soaring thirty nine percent. 48 00:02:28,720 --> 00:02:32,680 Speaker 2: It's hit or missing that business. But that's a California company, Dinaback. So, yeah, 49 00:02:32,919 --> 00:02:35,280 Speaker 2: rescued by an acquisition. 50 00:02:36,040 --> 00:02:38,919 Speaker 3: How about okay, we got to go to Nike. Yeah, 51 00:02:39,000 --> 00:02:42,160 Speaker 3: nk up as much as two percent. The reason for 52 00:02:42,200 --> 00:02:45,120 Speaker 3: this is a filing that shows that Apple CEO Tim 53 00:02:45,160 --> 00:02:48,160 Speaker 3: Cookie purchased two point nine to five million dollars worth 54 00:02:48,200 --> 00:02:51,520 Speaker 3: of shares on Monday. Now, if you remember Friday, Nike 55 00:02:51,600 --> 00:02:54,800 Speaker 3: shares dropped eleven percent, right, they warned of the sales declined, 56 00:02:54,840 --> 00:02:58,040 Speaker 3: the current quarter, weakness in China, weakness, and his Converse brand. 57 00:02:58,440 --> 00:03:00,880 Speaker 3: And then what does Cook have to do with Nike? 58 00:03:00,919 --> 00:03:02,720 Speaker 3: You're kind of trying to figure out. Cook is actually 59 00:03:02,760 --> 00:03:06,280 Speaker 3: Nike's lead independent director. He's served as director since two 60 00:03:06,320 --> 00:03:09,800 Speaker 3: thousand and five. But the filing shows he purchased fifty 61 00:03:09,880 --> 00:03:13,000 Speaker 3: thousand class b common stock weighted average price of fifty 62 00:03:13,040 --> 00:03:17,480 Speaker 3: eight dollars ninety seven cents, So he now owns just 63 00:03:17,600 --> 00:03:19,959 Speaker 3: over one hundred and five thousand shares in Nike. So 64 00:03:20,080 --> 00:03:21,919 Speaker 3: he's he's making some moves in Nike. 65 00:03:22,200 --> 00:03:24,800 Speaker 2: Right, I mean that's let's be honest, that's pocket change 66 00:03:24,800 --> 00:03:25,440 Speaker 2: for Tim Cook. 67 00:03:25,760 --> 00:03:26,079 Speaker 3: True. 68 00:03:26,440 --> 00:03:29,880 Speaker 2: Yeah, I mean it's like real Me lending you twenty bucks. 69 00:03:29,880 --> 00:03:32,760 Speaker 2: But are anything also a few other. 70 00:03:32,680 --> 00:03:34,800 Speaker 3: Yeah, a few other qus mentions. I want to go 71 00:03:34,840 --> 00:03:38,480 Speaker 3: to Ast Space Mobile it's ticker ASTs. Their share has 72 00:03:38,520 --> 00:03:41,280 Speaker 3: been up as much as seven percent. It launched as 73 00:03:41,400 --> 00:03:44,280 Speaker 3: large as ever satellite from India. Now this is the 74 00:03:44,320 --> 00:03:45,960 Speaker 3: first in his series. Are going to have a number 75 00:03:45,960 --> 00:03:49,360 Speaker 3: of deployments, but it's really trying to keep compete against 76 00:03:49,640 --> 00:03:50,720 Speaker 3: Elon Musk SpaceX. 77 00:03:50,800 --> 00:03:50,960 Speaker 2: Right. 78 00:03:50,960 --> 00:03:54,960 Speaker 3: It delivers the space based connectivity to mobile phones. So 79 00:03:55,280 --> 00:03:57,240 Speaker 3: that's why this is big news for them because it 80 00:03:57,320 --> 00:03:59,440 Speaker 3: kind of ups, you know, the competition in that space. 81 00:04:00,280 --> 00:04:04,360 Speaker 3: And then finally we have applications software maker UiPath it's 82 00:04:04,400 --> 00:04:09,000 Speaker 3: ticker Patch. Their shares are jumping about eight percent and 83 00:04:09,080 --> 00:04:11,200 Speaker 3: the reason for that is it's set to replace so 84 00:04:11,280 --> 00:04:14,240 Speaker 3: Novis Financial in SMP MidCap four hundred. 85 00:04:13,960 --> 00:04:19,680 Speaker 1: Index, the stock movers report from Bloomberg Radio. Check back 86 00:04:19,680 --> 00:04:21,919 Speaker 1: with us throughout the day for the latest roundup of 87 00:04:21,960 --> 00:04:25,279 Speaker 1: companies making news on Wall Street, and for the latest 88 00:04:25,279 --> 00:04:29,480 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 89 00:04:29,520 --> 00:04:33,239 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 90 00:04:33,279 --> 00:04:35,279 Speaker 1: Auto with the Bloomberg Business app.