Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: All right, is that time of day for stock movers
Speaker 2: and I challenge Lisa to have some stock movers for
Speaker 2: me today. What do you got for us?
Speaker 3: All right? I gotta start with Intel. I've been hitting
Speaker 3: it all all morning long. I INTC. Their shares have
Speaker 3: been down as much as three percent. The reason why, Well,
Speaker 3: Reuters is reporting that in Vidias stopped the test to
Speaker 3: use Intel's production process to make their advanced chips. And
Speaker 3: Vidia tested the so called eighteen A process, but it
Speaker 3: just didn't move forward with it. So Intel they recently
Speaker 3: opened this new factory in Arizona. It's known as Fab
Speaker 3: fifty two, and it's the first to go into mass
Speaker 3: production with this kind of technique. So Intel says it's
Speaker 3: the most advanced chip production technology development deployed in the US.
Speaker 3: Not sure why Nvidia backed out of it. In Vidia
Speaker 3: did not comment. But I mean Intel's trying to strengthen
Speaker 3: American leadership in the industry. I mean the global leader
Speaker 3: is Taiwan Semiconduct Manufacturing so they're they've been trying to
Speaker 3: keep up and.
Speaker 2: It's all part of kind of reassuring some parts of
Speaker 2: this technology splash right, okay, right, exactly.
Speaker 3: We don't we don't really ever talk about Dinovacs. I know,
Speaker 3: you said, who that's what I said?
Speaker 1: This? Look that up?
Speaker 3: Yes, okay, So Dinovacs technologies up as much as thirty
Speaker 3: nine percent. They had a thirteen percent drop so far
Speaker 3: this year, so this is pretty some good news, good
Speaker 3: news from its dvax French drug maker Sanafieh Sanafee. Yeah,
Speaker 3: they agreed to buy the company for about two point
Speaker 3: two billion dollars, so Santafe. They're they're looking to expand.
Speaker 3: They have the vaccine business. You've probably seen the commercials
Speaker 3: for their flu shot franchise, Dinovacs. This deal gives them
Speaker 3: a hepatitis B vaccine that's already kind of marketed in
Speaker 3: the US. It also gives them an experimental shingle shot.
Speaker 3: So they're they're trying to kind of up their their
Speaker 3: at CEO has been investing in research development, M and
Speaker 3: A deals. He's looking for alternative revenue streams to kind
Speaker 3: of replace their top selling medicine, which is dupixe it
Speaker 3: and that is facing a patent cliff and that's the
Speaker 3: reason for that. But it came after, you know, just
Speaker 3: minutes Santafi said, the US Food and Drug Administration rejected
Speaker 3: its experimental multiple sclerosis drugs. So this kind of was
Speaker 3: the news on the back of that. But Dinavacks their
Speaker 3: shares are soaring thirty nine percent.
Speaker 2: It's hit or missing that business. But that's a California company, Dinaback. So, yeah,
Speaker 2: rescued by an acquisition.
Speaker 3: How about okay, we got to go to Nike. Yeah,
Speaker 3: nk up as much as two percent. The reason for
Speaker 3: this is a filing that shows that Apple CEO Tim
Speaker 3: Cookie purchased two point nine to five million dollars worth
Speaker 3: of shares on Monday. Now, if you remember Friday, Nike
Speaker 3: shares dropped eleven percent, right, they warned of the sales declined,
Speaker 3: the current quarter, weakness in China, weakness, and his Converse brand.
Speaker 3: And then what does Cook have to do with Nike?
Speaker 3: You're kind of trying to figure out. Cook is actually
Speaker 3: Nike's lead independent director. He's served as director since two
Speaker 3: thousand and five. But the filing shows he purchased fifty
Speaker 3: thousand class b common stock weighted average price of fifty
Speaker 3: eight dollars ninety seven cents, So he now owns just
Speaker 3: over one hundred and five thousand shares in Nike. So
Speaker 3: he's he's making some moves in Nike.
Speaker 2: Right, I mean that's let's be honest, that's pocket change
Speaker 2: for Tim Cook.
Speaker 3: True.
Speaker 2: Yeah, I mean it's like real Me lending you twenty bucks.
Speaker 2: But are anything also a few other.
Speaker 3: Yeah, a few other qus mentions. I want to go
Speaker 3: to Ast Space Mobile it's ticker ASTs. Their share has
Speaker 3: been up as much as seven percent. It launched as
Speaker 3: large as ever satellite from India. Now this is the
Speaker 3: first in his series. Are going to have a number
Speaker 3: of deployments, but it's really trying to keep compete against
Speaker 3: Elon Musk SpaceX.
Speaker 2: Right.
Speaker 3: It delivers the space based connectivity to mobile phones. So
Speaker 3: that's why this is big news for them because it
Speaker 3: kind of ups, you know, the competition in that space.
Speaker 3: And then finally we have applications software maker UiPath it's
Speaker 3: ticker Patch. Their shares are jumping about eight percent and
Speaker 3: the reason for that is it's set to replace so
Speaker 3: Novis Financial in SMP MidCap four hundred.
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