1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,080 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,200 --> 00:00:18,439 Speaker 2: All, let's get take a look at some of the 5 00:00:18,440 --> 00:00:20,640 Speaker 2: stocks on the move today. I'm Alex Steal with Paul Sweeney, 6 00:00:20,680 --> 00:00:23,239 Speaker 2: and we are joined by Bloomberg's Carmen Ryanigey. Let's start 7 00:00:23,239 --> 00:00:25,599 Speaker 2: with Weight Watchers. So interesting on a day where you 8 00:00:25,600 --> 00:00:28,920 Speaker 2: have no vostock up and then you have Weight Watchers 9 00:00:28,960 --> 00:00:30,640 Speaker 2: having to file again for bankruptcy. 10 00:00:30,880 --> 00:00:34,519 Speaker 3: Yeah, for sure. So weight Watchers It's ticker WW it 11 00:00:34,520 --> 00:00:38,080 Speaker 3: also rebranded as WW International. Shares are down about forty 12 00:00:38,120 --> 00:00:41,720 Speaker 3: two percent right now. The company so that it will 13 00:00:41,720 --> 00:00:45,760 Speaker 3: file for bankruptcy after failing to compete with GLP one 14 00:00:45,960 --> 00:00:49,640 Speaker 3: drugs like ozempic. This is interesting because weight Watchers actually 15 00:00:49,720 --> 00:00:51,600 Speaker 3: even tried to offer some of these drugs on its 16 00:00:51,680 --> 00:00:53,760 Speaker 3: platform a few years ago. It really tried to sort 17 00:00:53,800 --> 00:00:57,400 Speaker 3: of get behind this wave of weight loss, but it 18 00:00:57,440 --> 00:01:00,920 Speaker 3: didn't work. So it's filed for Chapter eleven. It's looking 19 00:01:00,960 --> 00:01:05,520 Speaker 3: to restructure and cut about one point two billion in 20 00:01:05,560 --> 00:01:08,360 Speaker 3: debt from its balance sheet. The proposal still needs to 21 00:01:08,360 --> 00:01:11,000 Speaker 3: be approved by a bankruptcy judge. And this, I mean, 22 00:01:11,120 --> 00:01:13,240 Speaker 3: forty two percent seems like a lot for the stock. 23 00:01:13,360 --> 00:01:16,640 Speaker 3: It's fallen so much. It was over one hundred dollars 24 00:01:16,720 --> 00:01:18,880 Speaker 3: a share I think in twenty eighteen or twenty nineteen, 25 00:01:18,920 --> 00:01:21,400 Speaker 3: and now with trades for you know, pennies on the dollar. 26 00:01:21,480 --> 00:01:24,480 Speaker 3: It was Oprah Winfrey involved with this at one point, Yes, 27 00:01:24,560 --> 00:01:26,440 Speaker 3: she was. She was one of their spokespeople. 28 00:01:26,480 --> 00:01:30,120 Speaker 2: And I'm gonna get she sold her stock already TVD, TVD. 29 00:01:30,200 --> 00:01:30,640 Speaker 1: We don't know. 30 00:01:30,760 --> 00:01:33,560 Speaker 2: We can check it on the Bloomberg terminal. And sure, 31 00:01:34,040 --> 00:01:36,560 Speaker 2: all right, let's go to Charles River. What is this company? 32 00:01:36,840 --> 00:01:39,240 Speaker 3: Yeah, so I actually was not familiar with Charles of 33 00:01:39,280 --> 00:01:42,640 Speaker 3: her Labs to CRL either, but it's a company that 34 00:01:42,680 --> 00:01:48,160 Speaker 3: provides research tools and support services for drug discovery and development, 35 00:01:48,240 --> 00:01:52,200 Speaker 3: so important, you know, in getting new drugs to the market. 36 00:01:52,680 --> 00:01:55,320 Speaker 3: Shares are up about twenty percent right now after it 37 00:01:55,400 --> 00:01:58,760 Speaker 3: raised its profit forecast for the full year and reported 38 00:01:58,760 --> 00:02:01,920 Speaker 3: better than expected first results. The company also said that 39 00:02:01,960 --> 00:02:05,280 Speaker 3: it's in a cooperation packed with Elliott Investment Management, sort 40 00:02:05,280 --> 00:02:09,400 Speaker 3: of the famed activist investor, which is also its largest investor. 41 00:02:10,120 --> 00:02:12,800 Speaker 3: So we'll be working with them going forward, and Elliott 42 00:02:12,800 --> 00:02:16,440 Speaker 3: has a great track record of boosting the stocks of 43 00:02:16,560 --> 00:02:18,840 Speaker 3: companies that it's working with, both sort of on the 44 00:02:18,919 --> 00:02:23,680 Speaker 3: day that the news is announced and even a year after. 45 00:02:24,080 --> 00:02:24,360 Speaker 1: Cool. 46 00:02:24,400 --> 00:02:27,720 Speaker 3: All right, Mickey Mouse, what's going on? Yeah, Disney is 47 00:02:27,760 --> 00:02:30,639 Speaker 3: the top performer on the Dow today. Shares are up 48 00:02:30,760 --> 00:02:34,440 Speaker 3: nine percent. So the company reported results that were better 49 00:02:34,480 --> 00:02:36,960 Speaker 3: than expected and also gave a full boost and full 50 00:02:37,000 --> 00:02:39,280 Speaker 3: your guidance. At a time when we've heard so many 51 00:02:39,280 --> 00:02:42,320 Speaker 3: companies either cutting or just pulling them due to tariffs. 52 00:02:42,639 --> 00:02:45,120 Speaker 3: One of the things that that was doing well is 53 00:02:45,680 --> 00:02:50,880 Speaker 3: the streaming business added subscribers even after they boost prices, 54 00:02:50,919 --> 00:02:55,120 Speaker 3: so showing some strength there. They also announced that they 55 00:02:55,160 --> 00:02:57,359 Speaker 3: are going to open this theme parkann Abi Dhabi, which 56 00:02:57,400 --> 00:03:00,200 Speaker 3: is a major tourism hub, and actually there is the 57 00:03:00,200 --> 00:03:03,120 Speaker 3: Ferrari World, a Warner Brothers World, and a sword World 58 00:03:03,320 --> 00:03:06,960 Speaker 3: part there. So interesting Ferrari Park. 59 00:03:07,560 --> 00:03:10,120 Speaker 2: Matt Miller, Yeah, yeah, that peaks a lot of people's 60 00:03:10,160 --> 00:03:11,200 Speaker 2: interests in this room. 61 00:03:11,600 --> 00:03:13,840 Speaker 3: So another thing that's interesting about Disney. So they said 62 00:03:13,880 --> 00:03:15,920 Speaker 3: that they are going to be announcing more about this 63 00:03:16,280 --> 00:03:20,520 Speaker 3: ESPN flagship next week and that it also will not 64 00:03:20,600 --> 00:03:22,440 Speaker 3: be called ESPN flag ship. 65 00:03:23,600 --> 00:03:27,720 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 66 00:03:27,800 --> 00:03:30,560 Speaker 1: us throughout the day for the latest roundup of companies 67 00:03:30,600 --> 00:03:33,639 Speaker 1: making news on Wall Street and for the latest market 68 00:03:33,680 --> 00:03:38,080 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:38,080 --> 00:03:41,360 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:41,400 --> 00:03:42,880 Speaker 1: the Bloomberg Business app.