WEBVTT - Intel Declines; Dynavax Rallies; Nike Ticks Higher

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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.

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<v Speaker 2>All right, is that time of day for stock movers

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<v Speaker 2>and I challenge Lisa to have some stock movers for

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<v Speaker 2>me today. What do you got for us?

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<v Speaker 3>All right? I gotta start with Intel. I've been hitting

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<v Speaker 3>it all all morning long. I INTC. Their shares have

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<v Speaker 3>been down as much as three percent. The reason why, Well,

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<v Speaker 3>Reuters is reporting that in Vidias stopped the test to

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<v Speaker 3>use Intel's production process to make their advanced chips. And

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<v Speaker 3>Vidia tested the so called eighteen A process, but it

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<v Speaker 3>just didn't move forward with it. So Intel they recently

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<v Speaker 3>opened this new factory in Arizona. It's known as Fab

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<v Speaker 3>fifty two, and it's the first to go into mass

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<v Speaker 3>production with this kind of technique. So Intel says it's

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<v Speaker 3>the most advanced chip production technology development deployed in the US.

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<v Speaker 3>Not sure why Nvidia backed out of it. In Vidia

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<v Speaker 3>did not comment. But I mean Intel's trying to strengthen

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<v Speaker 3>American leadership in the industry. I mean the global leader

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<v Speaker 3>is Taiwan Semiconduct Manufacturing so they're they've been trying to

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<v Speaker 3>keep up and.

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<v Speaker 2>It's all part of kind of reassuring some parts of

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<v Speaker 2>this technology splash right, okay, right, exactly.

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<v Speaker 3>We don't we don't really ever talk about Dinovacs. I know,

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<v Speaker 3>you said, who that's what I said?

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<v Speaker 1>This? Look that up?

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<v Speaker 3>Yes, okay, So Dinovacs technologies up as much as thirty

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<v Speaker 3>nine percent. They had a thirteen percent drop so far

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<v Speaker 3>this year, so this is pretty some good news, good

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<v Speaker 3>news from its dvax French drug maker Sanafieh Sanafee. Yeah,

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<v Speaker 3>they agreed to buy the company for about two point

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<v Speaker 3>two billion dollars, so Santafe. They're they're looking to expand.

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<v Speaker 3>They have the vaccine business. You've probably seen the commercials

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<v Speaker 3>for their flu shot franchise, Dinovacs. This deal gives them

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<v Speaker 3>a hepatitis B vaccine that's already kind of marketed in

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<v Speaker 3>the US. It also gives them an experimental shingle shot.

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<v Speaker 3>So they're they're trying to kind of up their their

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<v Speaker 3>at CEO has been investing in research development, M and

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<v Speaker 3>A deals. He's looking for alternative revenue streams to kind

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<v Speaker 3>of replace their top selling medicine, which is dupixe it

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<v Speaker 3>and that is facing a patent cliff and that's the

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<v Speaker 3>reason for that. But it came after, you know, just

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<v Speaker 3>minutes Santafi said, the US Food and Drug Administration rejected

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<v Speaker 3>its experimental multiple sclerosis drugs. So this kind of was

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<v Speaker 3>the news on the back of that. But Dinavacks their

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<v Speaker 3>shares are soaring thirty nine percent.

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<v Speaker 2>It's hit or missing that business. But that's a California company, Dinaback. So, yeah,

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<v Speaker 2>rescued by an acquisition.

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<v Speaker 3>How about okay, we got to go to Nike. Yeah,

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<v Speaker 3>nk up as much as two percent. The reason for

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<v Speaker 3>this is a filing that shows that Apple CEO Tim

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<v Speaker 3>Cookie purchased two point nine to five million dollars worth

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<v Speaker 3>of shares on Monday. Now, if you remember Friday, Nike

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<v Speaker 3>shares dropped eleven percent, right, they warned of the sales declined,

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<v Speaker 3>the current quarter, weakness in China, weakness, and his Converse brand.

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<v Speaker 3>And then what does Cook have to do with Nike?

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<v Speaker 3>You're kind of trying to figure out. Cook is actually

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<v Speaker 3>Nike's lead independent director. He's served as director since two

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<v Speaker 3>thousand and five. But the filing shows he purchased fifty

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<v Speaker 3>thousand class b common stock weighted average price of fifty

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<v Speaker 3>eight dollars ninety seven cents, So he now owns just

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<v Speaker 3>over one hundred and five thousand shares in Nike. So

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<v Speaker 3>he's he's making some moves in Nike.

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<v Speaker 2>Right, I mean that's let's be honest, that's pocket change

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<v Speaker 2>for Tim Cook.

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<v Speaker 3>True.

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<v Speaker 2>Yeah, I mean it's like real Me lending you twenty bucks.

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<v Speaker 2>But are anything also a few other.

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<v Speaker 3>Yeah, a few other qus mentions. I want to go

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<v Speaker 3>to Ast Space Mobile it's ticker ASTs. Their share has

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<v Speaker 3>been up as much as seven percent. It launched as

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<v Speaker 3>large as ever satellite from India. Now this is the

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<v Speaker 3>first in his series. Are going to have a number

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<v Speaker 3>of deployments, but it's really trying to keep compete against

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<v Speaker 3>Elon Musk SpaceX.

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<v Speaker 2>Right.

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<v Speaker 3>It delivers the space based connectivity to mobile phones. So

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<v Speaker 3>that's why this is big news for them because it

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<v Speaker 3>kind of ups, you know, the competition in that space.

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<v Speaker 3>And then finally we have applications software maker UiPath it's

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<v Speaker 3>ticker Patch. Their shares are jumping about eight percent and

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<v Speaker 3>the reason for that is it's set to replace so

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<v Speaker 3>Novis Financial in SMP MidCap four hundred.

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