WEBVTT - Apple-Siri News; Caesars Deal; Snowflake Soars

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stockmovers report, your

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<v Speaker 1>roundup of companies making moves in the stock market, harnessing

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<v Speaker 1>the power of Bloomberg data.

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<v Speaker 2>Too many stocks to choose from today, John Tucker overwhelmed

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<v Speaker 2>with their podcast The Stockmovers, John, what do you have

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<v Speaker 2>to start? Oh, They've been trying to do this for

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<v Speaker 2>a while. Caesar's Entertainment now agreeing to be bought by

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<v Speaker 2>for Tita Entertainment five point seven billion dollars own cash.

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<v Speaker 2>Deal is going to form a massive entertainment empire. If

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<v Speaker 2>this goes through, the Caesars shareholders get thirty one dollars

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<v Speaker 2>this year in cash. This includes a go shop period

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<v Speaker 2>through July eleventh, when Caesar's can weigh other bids. The

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<v Speaker 2>Houston real estate mogul Tilman for Tita has pursued a

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<v Speaker 2>merger of his casino and restaurant business and the Las

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<v Speaker 2>Vegas company for years. This would combine his Landery's Restaurants

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<v Speaker 2>and Golden Nugget properties with Caesar's. Caesar's owns or managed

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<v Speaker 2>fifty two casinos in the US. The takeover, as I say,

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<v Speaker 2>subject to regulatory review. Every Hita maybe forced to shed

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<v Speaker 2>assets to gain approval. He was a prominent donor to

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<v Speaker 2>President Trump's election campaign, also service as the ambassador to Italy.

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<v Speaker 2>The Empire includes the Houston Rockets as well as restaurants

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<v Speaker 2>in New York, a large stick in the betting firm DraftKings.

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<v Speaker 2>So the takeover shoe point zerf before includes eleven point

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<v Speaker 2>nine billion dollars in debt, which is an industry part

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<v Speaker 2>of it. Snowflake, let's do them Flake. What is it?

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<v Speaker 2>This is a software maker and you know you've heard

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<v Speaker 2>all the hype about software getting crushed by AI, so

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<v Speaker 2>of course they have to incorporate AI. At this point,

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<v Speaker 2>it is the most pre active, most active pre market

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<v Speaker 2>and they soared delivered a stronger than a spend an

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<v Speaker 2>annual outlook. They also signed a six billion dollar multi

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<v Speaker 2>year agreement to use the cloud services and chips from Amazon.

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<v Speaker 2>They do make the software that helps organize and analyze

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<v Speaker 2>and store corporate data in the cloud, and as I say,

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<v Speaker 2>they're trying to weave artificial intelligence through the platform. They

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<v Speaker 2>made a new commitment to spend an additional six billion

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<v Speaker 2>dollars on Amazon Web services. This includes the use of

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<v Speaker 2>Amazon's general purpose Graviton processor chips they compete with into

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<v Speaker 2>the graviton. The company is seeing increased demand for its

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<v Speaker 2>main data products at the same time the newer AI

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<v Speaker 2>focused tools there become legitimate businesses. Nine employees, Bozeman, Mondana. Yeah, absolutely,

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<v Speaker 2>sixty billion dollar marketing cap. Nobody was a tie there. Next,

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<v Speaker 2>let's finish with the Mark German story Apple the munch

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<v Speaker 2>anticipated Siri overhaul. This is going to become the centerpiece

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<v Speaker 2>of the next iPhone iPad max software updates, and Bloomberg

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<v Speaker 2>offering the first peak at the new digital assistant. What

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<v Speaker 2>it's going to look like. This is the kind of

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<v Speaker 2>a visual thing, so you have to go online for this.

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<v Speaker 2>The illustrations created by Bloomberg show the revamped Siri interface,

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<v Speaker 2>this is a new chatbox style app, and some of

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<v Speaker 2>the other major iOS twenty seven changes. The company's going

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<v Speaker 2>to announce all this at the June eighth Worldwide Developers Conference.

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<v Speaker 2>And the images here these are based on information viewed

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<v Speaker 2>by Bloomberg, and you know, our sources hasn't been made

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<v Speaker 2>public yet. Apple spokesperson declined into comment. The company, you

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<v Speaker 2>should point out, often tests multiple designs of the features internally,

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<v Speaker 2>so the final version that's going to be introduced to

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<v Speaker 2>the public in June. It could actually change the new

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<v Speaker 2>Siri plan to have a redesign animation so pops out

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<v Speaker 2>of the dynamic island and a search or ask interface

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<v Speaker 2>that opens with a swipe from the tip I am

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<v Speaker 2>not I'm going to downgrade. Actually, this is getting way

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<v Speaker 2>too expensive.

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<v Speaker 1>The Stockmovers report from Bloomberg Radio. Check back with us

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