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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market.

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Speaker 1: Harnessing the power of Bloomberg Data, take a look.

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Speaker 2: At some of the stocks on the move today. We

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Speaker 2: can do that with Bloomberg's Nora, Melinda, Nora, what are

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Speaker 2: you looking at?

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Speaker 3: Well, we've been talking about this all morning. I've got

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Speaker 3: my eyes on Paramounts Guidance, says ticker psky. Of course,

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Speaker 3: we're also looking at Netflix, Warner Brothers Discovery. This is

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Speaker 3: all about the war that we've been seeing in terms

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Speaker 3: of both Paramounts Guidance and Netflix book being some of

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Speaker 3: the top companies vying for Warner Brothers Discovery. We saw

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Speaker 3: Paramounts Guidance launched a hostile takeover bid for Warner Brothers

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Speaker 3: Discovery at thirty dollars a share in cash. This of course,

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Speaker 3: would value Warner Brothers at one hundred and eight point

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Speaker 3: four billion dollars including debt. So we really are seeing

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Speaker 3: a back and forth, a tug and pull. Here. Shares

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Speaker 3: of Netflix down about four percent, this, of course, after

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Speaker 3: it's been hit with several downgrades, as it's really been

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Speaker 3: tussling for this company. Both Pivotal and Real and Blatt

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Speaker 3: both downgraded the company in terms of just reflecting the

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Speaker 3: implications that could happen in the event that they were

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Speaker 3: to proceed with this steal.

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Speaker 2: Here, all right, let's stick with the M and a

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Speaker 2: theme because IBM is also on your list.

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Speaker 3: Yes, IBMS on my list. We're looking at shares up

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Speaker 3: just about eight tens of percent right now. It is

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Speaker 3: buying Confluent for about nine point three billion dollars in cash.

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Speaker 3: This would mark its latest takeover yet, one of its

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Speaker 3: largest takeovers yet, and a major bet, particularly on the

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Speaker 3: enterprise software that AI tools really desperately need. Here, we're

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Speaker 3: seeing shares of Confluent that's Tacker c flt roaring. They're

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Speaker 3: up twenty eight percent right now as we speak earlier,

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Speaker 3: up as much for their biggest gain since twenty twenty

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Speaker 3: four February twenty twenty four. So you really are seeing

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Speaker 3: the street really taking a liking to this, clearly.

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Speaker 1: Yeah.

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Speaker 2: Absolutely, So it's a nice move for I think strategy.

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Speaker 2: We'll talk to Anna Ragrana coming up in just a moment.

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Speaker 2: He's the anost the covers IBM for Bloomberg Intelligence.

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Speaker 3: Carvana, Carvana takeer CVNA. We're looking at shares up about

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Speaker 3: nine percent right now. This is after news that it'll

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Speaker 3: be joining the S and P five hundred index starting

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Speaker 3: December twenty second. Bank of America did raise its price

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Speaker 3: target on this company, of course, really talking about the

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Speaker 3: announcement here of it joining the S and P five hundred.

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Speaker 3: We're looking at shares of that company up about one

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Speaker 3: hundred and fifteen percent for investors so far this year.

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Speaker 2: But go look at that short GP on the Bloomberg

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Speaker 2: termini and then go max for the timeframe. This thing

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Speaker 2: is an absolute rollercoaster over the last eight years. Unfortunes

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Speaker 2: have been made, it lost on this stock alone.

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Speaker 3: All over the place.

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Speaker 2: Amazing.

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Speaker 3: You always need a long view for the stock.

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Speaker 1: Yeah, that's sure. Sorry. The Stock Movers report from Bloomberg Radio.

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Speaker 1: Check back with us throughout the day for the latest

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Speaker 1: roundup of companies making news on Wall Street and for

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Speaker 1: the latest market moving headlines. Listen to Bloomberg Radio Live,

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