1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,720 --> 00:00:19,000 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,280 --> 00:00:22,960 Speaker 2: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo. 6 00:00:23,320 --> 00:00:25,000 Speaker 1: Lisa, what are you all right? We're starting with a 7 00:00:25,079 --> 00:00:28,360 Speaker 1: weight loucks drugs category. Okay, So Eli, Lilly, tik your 8 00:00:28,560 --> 00:00:31,840 Speaker 1: l y, Novo, Nordistick or Nvo in the US. Those 9 00:00:31,880 --> 00:00:34,919 Speaker 1: ad rs they're falling. So you have Lily falling as 10 00:00:34,960 --> 00:00:37,239 Speaker 1: much as three percent. Novo shares fell as much as 11 00:00:37,280 --> 00:00:40,559 Speaker 1: seven percent in Copenhagen. That's the most since July. The 12 00:00:40,640 --> 00:00:44,200 Speaker 1: reason why, yes, it's all about their weight loss diabetes drugs. 13 00:00:44,240 --> 00:00:47,400 Speaker 1: President Trump, he's saying the price of Novo's ozempic it's 14 00:00:47,400 --> 00:00:49,280 Speaker 1: going to come down to just one hundred and fifty 15 00:00:49,320 --> 00:00:53,080 Speaker 1: dollars a month. It's currently listed at one thousand dollars 16 00:00:53,080 --> 00:00:56,160 Speaker 1: for a month's supply. And the problem is Novo's really 17 00:00:56,200 --> 00:00:58,360 Speaker 1: been struggling, right, There's been talk about whether they can 18 00:00:58,400 --> 00:01:01,960 Speaker 1: really compete in this market. Lily sells similar treatments, they 19 00:01:02,000 --> 00:01:05,039 Speaker 1: have Manduro, they have zep bound, so it's affecting their 20 00:01:05,160 --> 00:01:08,119 Speaker 1: shares too. But what I found interesting is that anolds 21 00:01:08,160 --> 00:01:10,280 Speaker 1: are saying it might not be such a big hit 22 00:01:10,319 --> 00:01:14,400 Speaker 1: to Novo's business because people with insurance who is covered 23 00:01:14,400 --> 00:01:16,559 Speaker 1: by it, they pay as little as twenty five dollars 24 00:01:16,560 --> 00:01:18,280 Speaker 1: a month. And then you know, the true net price 25 00:01:18,280 --> 00:01:21,080 Speaker 1: of a zebic after rebates for insurers probably about sixty 26 00:01:21,120 --> 00:01:24,600 Speaker 1: to seven percent less than the list price. Novo also 27 00:01:24,640 --> 00:01:27,080 Speaker 1: makes a gov too, but the President's been pushing these companies, 28 00:01:27,120 --> 00:01:29,000 Speaker 1: you know, bring their prices down. Are we're still seeing 29 00:01:29,120 --> 00:01:31,240 Speaker 1: signs outside on sidewalks. 30 00:01:31,319 --> 00:01:33,959 Speaker 3: We've got way loss drugs in here, remember like five 31 00:01:34,040 --> 00:01:34,520 Speaker 3: years ago. 32 00:01:34,920 --> 00:01:40,080 Speaker 1: I see a lot of TV commercials. Yes that's traditional, Yeah, 33 00:01:40,120 --> 00:01:43,039 Speaker 1: and they're all all over the place. But yeah, so 34 00:01:43,080 --> 00:01:45,480 Speaker 1: the prices, that's the focus of that story. Now we 35 00:01:45,520 --> 00:01:49,360 Speaker 1: go to American Express ticker a xp UH. Their shares 36 00:01:49,360 --> 00:01:52,840 Speaker 1: have been down by more about one percent, so they 37 00:01:52,840 --> 00:01:56,400 Speaker 1: had a beat on earnings. They unveiled this long anticipated 38 00:01:56,440 --> 00:02:00,200 Speaker 1: platinum credit card refresh last month. The CEO said, you 39 00:02:00,200 --> 00:02:03,480 Speaker 1: know what, initial interest for it really was higher than 40 00:02:03,520 --> 00:02:06,639 Speaker 1: they expected. So with that said, what was an issue 41 00:02:06,640 --> 00:02:09,040 Speaker 1: with the Platinum credit card, Well, it had an increase 42 00:02:09,080 --> 00:02:11,519 Speaker 1: of a fee, right, it was increased eight hundred and 43 00:02:11,600 --> 00:02:13,920 Speaker 1: ninety five dollars. It used to be six hundred and 44 00:02:14,000 --> 00:02:17,240 Speaker 1: ninety five dollars, so that was the difference there. And 45 00:02:17,280 --> 00:02:19,640 Speaker 1: they also included new perks though, so I guess people 46 00:02:19,720 --> 00:02:21,840 Speaker 1: really like the perks. I mean, you had four hundred 47 00:02:21,919 --> 00:02:24,760 Speaker 1: dollars a year of dining credits at certain restaurants, so 48 00:02:24,840 --> 00:02:27,960 Speaker 1: maybe that was the attraction for it. But there's a 49 00:02:27,960 --> 00:02:29,359 Speaker 1: lot of competition in this space. 50 00:02:29,440 --> 00:02:29,600 Speaker 2: You know. 51 00:02:29,639 --> 00:02:32,320 Speaker 1: The JP Morgan had the revamp of the Chase Sapphire 52 00:02:32,440 --> 00:02:35,639 Speaker 1: card in June. City Group had you know, new Premium 53 00:02:35,639 --> 00:02:39,080 Speaker 1: card in July. So it's the credit card that was 54 00:02:39,080 --> 00:02:42,280 Speaker 1: a focus here. But they also had other news too. 55 00:02:42,320 --> 00:02:44,280 Speaker 1: They raised the lower end of their full year guidance, 56 00:02:44,320 --> 00:02:45,359 Speaker 1: so that was some other point of the news. 57 00:02:45,840 --> 00:02:48,400 Speaker 3: Credit cards for points and things like that, I stick 58 00:02:48,480 --> 00:02:50,800 Speaker 3: to one so I can get all the points on 59 00:02:50,800 --> 00:02:53,880 Speaker 3: one instead of like splitting there. All right, I know 60 00:02:53,880 --> 00:02:57,040 Speaker 3: people are very aggressive about managing Yes I do, I do. 61 00:02:57,520 --> 00:02:59,120 Speaker 1: And as matter of fact, I said their shares were down, 62 00:02:59,120 --> 00:03:02,200 Speaker 1: they shut are up as one percent. Okay, but yeah, 63 00:03:02,240 --> 00:03:04,520 Speaker 1: it's it's getting the miles and the points on these cards. 64 00:03:04,520 --> 00:03:08,440 Speaker 1: That's a big things I do I because I need to. 65 00:03:09,400 --> 00:03:11,680 Speaker 1: Right well, I'm doing a lot of college visits all 66 00:03:11,680 --> 00:03:14,800 Speaker 1: over the country. Now I need those miles. Mama gotta 67 00:03:14,800 --> 00:03:17,680 Speaker 1: fly for free here, I mean, come on, but it's 68 00:03:17,720 --> 00:03:21,000 Speaker 1: a huge draw for a lot of people. Yes, real quickly, 69 00:03:21,040 --> 00:03:23,680 Speaker 1: the regional banks I want to talk about, you know, 70 00:03:23,760 --> 00:03:25,640 Speaker 1: Ally Financial, their shares have been up as much as 71 00:03:25,720 --> 00:03:29,160 Speaker 1: six percent. This was the interesting thing. Continued demand for 72 00:03:29,320 --> 00:03:32,080 Speaker 1: car loans and that stands out because you know that 73 00:03:32,200 --> 00:03:35,720 Speaker 1: high foil profile bankruptcy with Tricolor Holdings last month. There's 74 00:03:35,720 --> 00:03:38,520 Speaker 1: been this big focus on the earnings for auto lenders, 75 00:03:38,600 --> 00:03:41,840 Speaker 1: especially those like Ally that sometimes lend to those lower 76 00:03:41,960 --> 00:03:46,280 Speaker 1: end consumers. Fifth third, their shares have risen a bunch 77 00:03:46,360 --> 00:03:49,080 Speaker 1: of two point six percent. And then financial services company 78 00:03:49,080 --> 00:03:51,680 Speaker 1: True is Financial, their shares have written as much as 79 00:03:52,040 --> 00:03:54,160 Speaker 1: two percent. They actually had to beat on adjust earnings 80 00:03:54,160 --> 00:03:57,840 Speaker 1: per share non interest income. Lisa Manteo helps out, it's 81 00:03:57,880 --> 00:03:59,880 Speaker 1: stock morevers Lisa, what do you all right? We're starting 82 00:03:59,880 --> 00:04:03,000 Speaker 1: with the weight luck drugs category. Okay, so Eli, Lilly 83 00:04:03,040 --> 00:04:06,800 Speaker 1: tick your l y Novo nordistick or Envo in the US, 84 00:04:06,840 --> 00:04:09,920 Speaker 1: those ad rs they're falling, So you have Lily falling 85 00:04:09,960 --> 00:04:12,200 Speaker 1: as much as three percent. Novo shares fell as much 86 00:04:12,200 --> 00:04:15,040 Speaker 1: as seven percent in Copenhagen. That's the most since July. 87 00:04:15,600 --> 00:04:18,279 Speaker 1: The reason why, yes, it's all about their weight loss 88 00:04:18,320 --> 00:04:21,480 Speaker 1: diabetes drugs. President Trump, he's saying the price of Novo's 89 00:04:21,920 --> 00:04:23,920 Speaker 1: ozempic it's going to come down to just one hundred 90 00:04:23,920 --> 00:04:27,240 Speaker 1: and fifty dollars a month. It's currently listed at one 91 00:04:27,279 --> 00:04:30,640 Speaker 1: thousand dollars for a month's supply. And the problem is 92 00:04:30,680 --> 00:04:33,160 Speaker 1: Novo's really been struggling right. There's been talk about whether 93 00:04:33,200 --> 00:04:36,960 Speaker 1: they can really compete in this market. Lily sells similar treatments, 94 00:04:36,960 --> 00:04:39,920 Speaker 1: they have Manduro, they have zep bound, so it's affecting 95 00:04:39,960 --> 00:04:42,919 Speaker 1: their shares too. But what I found interesting is that 96 00:04:42,960 --> 00:04:45,200 Speaker 1: anolds are saying it might not be such a big 97 00:04:45,279 --> 00:04:49,080 Speaker 1: hit to Novo's business because people with insurance who is 98 00:04:49,160 --> 00:04:51,360 Speaker 1: covered by it, they pay as little as twenty five 99 00:04:51,400 --> 00:04:53,200 Speaker 1: dollars a month, and then you know the true net 100 00:04:53,200 --> 00:04:55,840 Speaker 1: price of a zembic after rebates for insurers, probably about 101 00:04:55,880 --> 00:04:59,400 Speaker 1: sixty to seven percent less than the list price. Novo 102 00:04:59,480 --> 00:05:01,760 Speaker 1: also makes go v too, but the President's been pushing 103 00:05:01,800 --> 00:05:03,800 Speaker 1: these companies. You know, are prices down? Are we still 104 00:05:03,800 --> 00:05:07,720 Speaker 1: seeing signs outside on sidewalks? We've got way loss drugs 105 00:05:07,720 --> 00:05:10,400 Speaker 1: in here. Remember like five years ago, I see a 106 00:05:10,440 --> 00:05:14,240 Speaker 1: lot of TV commercials. Yes, that's what I say traditional 107 00:05:14,320 --> 00:05:18,080 Speaker 1: now yeah, and they're all all over the place. But yeah, 108 00:05:18,080 --> 00:05:20,560 Speaker 1: so the prices, that's the focus of that story. Now 109 00:05:20,560 --> 00:05:24,480 Speaker 1: we go to American Express ticker axp uh. Their shares 110 00:05:24,520 --> 00:05:28,000 Speaker 1: have been down by more about one percent, so they 111 00:05:28,000 --> 00:05:31,520 Speaker 1: had a beat on earnings. They unveiled this long anticipated 112 00:05:31,560 --> 00:05:35,320 Speaker 1: Platinum credit card refresh last month. The CEO said, you 113 00:05:35,320 --> 00:05:38,640 Speaker 1: know what, initial interest for it really was higher than 114 00:05:38,640 --> 00:05:41,760 Speaker 1: they expected. So with that said, what was an issue 115 00:05:41,760 --> 00:05:44,200 Speaker 1: with the Platinum credit card, Well, it had an increase 116 00:05:44,200 --> 00:05:46,680 Speaker 1: of a fee, right, it was increased eight hundred and 117 00:05:46,760 --> 00:05:49,080 Speaker 1: ninety five dollars. It used to be six hundred and 118 00:05:49,160 --> 00:05:52,400 Speaker 1: ninety five dollars, So that was the difference there. And 119 00:05:52,440 --> 00:05:54,800 Speaker 1: they also included new perks though, so I guess people 120 00:05:54,839 --> 00:05:57,000 Speaker 1: really like the perks. I mean, you had four hundred 121 00:05:57,040 --> 00:06:00,279 Speaker 1: dollars a year of dining credits at certain restaurants. Maybe 122 00:06:00,400 --> 00:06:03,240 Speaker 1: that was the attraction for it, But there's a lot 123 00:06:03,279 --> 00:06:05,640 Speaker 1: of competition in this space. You know, the JP Morgan 124 00:06:05,680 --> 00:06:08,400 Speaker 1: had the revamp of the Chase Sapphire card in June. 125 00:06:08,760 --> 00:06:11,440 Speaker 1: City Group had you know, new Premium card in July. 126 00:06:12,480 --> 00:06:14,960 Speaker 1: So it's the credit card that was a focus here. 127 00:06:15,640 --> 00:06:17,920 Speaker 1: But they also had other news too. They raised the 128 00:06:17,960 --> 00:06:19,760 Speaker 1: lower end of their full year guidance, so that was 129 00:06:19,760 --> 00:06:20,920 Speaker 1: some other point of the news. 130 00:06:21,000 --> 00:06:23,080 Speaker 3: Credit cards for points and things like that. 131 00:06:23,120 --> 00:06:25,279 Speaker 1: I stick to one so I can get all the 132 00:06:25,320 --> 00:06:27,880 Speaker 1: points on one instead of like splitting there. 133 00:06:28,400 --> 00:06:30,760 Speaker 3: All right, I know people are very aggressive about managing 134 00:06:31,000 --> 00:06:31,719 Speaker 3: Yes I do. 135 00:06:31,839 --> 00:06:34,000 Speaker 1: I do, And matter of fact, I said their shares 136 00:06:34,000 --> 00:06:35,880 Speaker 1: were down the shutter are up as much as one percent. 137 00:06:37,000 --> 00:06:39,040 Speaker 1: But yeah, it's it's getting the miles and the points 138 00:06:39,040 --> 00:06:43,119 Speaker 1: on these cards. That's a big thing I do because 139 00:06:43,120 --> 00:06:45,919 Speaker 1: I need to. Right well, I'm doing a lot of 140 00:06:45,920 --> 00:06:49,200 Speaker 1: college visits all over the country. Now I need those miles. 141 00:06:49,400 --> 00:06:51,920 Speaker 1: Mama gotta fly for free year. I mean, come on, 142 00:06:52,480 --> 00:06:55,000 Speaker 1: but it's a huge draw for a lot of people. Yes, 143 00:06:55,560 --> 00:06:58,640 Speaker 1: real quickly, the regional banks I want to talk about, 144 00:06:58,680 --> 00:07:00,520 Speaker 1: you know, ally Financial, their shares has been up as 145 00:07:00,560 --> 00:07:03,760 Speaker 1: much as six percent. This was the interesting thing. Continued 146 00:07:03,760 --> 00:07:07,000 Speaker 1: demand for car loans and that stands out because you 147 00:07:07,000 --> 00:07:10,640 Speaker 1: know that high foil profile bankruptcy with Tricolor Holdings. Last month, 148 00:07:10,640 --> 00:07:13,640 Speaker 1: there's been this big focus on the earnings for auto lenders, 149 00:07:13,720 --> 00:07:16,960 Speaker 1: especially those like Ally that sometimes lend to those lower 150 00:07:17,120 --> 00:07:21,440 Speaker 1: end consumers. Fifth third, their shares have risen a bunch 151 00:07:21,440 --> 00:07:24,200 Speaker 1: of two point six percent. And then financial services company 152 00:07:24,240 --> 00:07:26,800 Speaker 1: True is Financial their shares have written as much as 153 00:07:27,160 --> 00:07:29,280 Speaker 1: two percent. They actually had a beat on adjusted earnings 154 00:07:29,320 --> 00:07:30,920 Speaker 1: per share non interesting income. 155 00:07:32,160 --> 00:07:36,200 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 156 00:07:36,280 --> 00:07:38,840 Speaker 2: us throughout the day for the latest roundup of companies 157 00:07:38,920 --> 00:07:42,000 Speaker 2: making news on Wall Street and for the latest market 158 00:07:42,040 --> 00:07:46,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 159 00:07:46,600 --> 00:07:50,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 160 00:07:50,160 --> 00:07:51,680 Speaker 2: the Bloomberg Business app.