1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:19,480 Speaker 2: Right now are stock movers and there are stocks earnings 5 00:00:19,520 --> 00:00:23,560 Speaker 2: out forgot all about it. Three M the Minnesota mining 6 00:00:23,600 --> 00:00:28,320 Speaker 2: and manufacturing company, among others. Lisa Matteo a podcast. 7 00:00:28,400 --> 00:00:31,480 Speaker 3: Yes, let's start there. Okay, So ticker MMM. Their shares 8 00:00:31,480 --> 00:00:34,120 Speaker 3: have been down as much as five percent. So the 9 00:00:34,159 --> 00:00:36,839 Speaker 3: reason for it is it's profit forecast miss estimates, so 10 00:00:36,880 --> 00:00:39,840 Speaker 3: its shares are taking a hit despite the company gaining 11 00:00:39,840 --> 00:00:42,720 Speaker 3: more than twenty percent in the last twelve months. They've 12 00:00:42,720 --> 00:00:45,559 Speaker 3: been trying to revamp operations right, They've been reviving their 13 00:00:45,560 --> 00:00:50,160 Speaker 3: pipeline of new products, increasing efficiencies across its industrial base. 14 00:00:50,400 --> 00:00:52,120 Speaker 3: For example, if you look at it, you know they're 15 00:00:52,120 --> 00:00:54,440 Speaker 3: known for posted notes and things like that. Roofing ground 16 00:00:54,440 --> 00:00:57,720 Speaker 3: you as electronic materials, but it's electrical business. It's been 17 00:00:57,760 --> 00:01:01,000 Speaker 3: targeting clients in the data center space because of AI. 18 00:01:01,240 --> 00:01:03,880 Speaker 3: And then they have nuclear facilities that are being positioned 19 00:01:03,920 --> 00:01:06,720 Speaker 3: to help build new reactors because we've been hearing about 20 00:01:06,720 --> 00:01:10,560 Speaker 3: power demand on the rise. Those actually helped three M 21 00:01:10,640 --> 00:01:12,959 Speaker 3: in twenty twenty five. But the outlook shows that that 22 00:01:13,040 --> 00:01:16,360 Speaker 3: momentum is slowing, and so that's why it shares are 23 00:01:16,360 --> 00:01:19,280 Speaker 3: taking a hit this morning. The next one, Paul up 24 00:01:19,280 --> 00:01:22,880 Speaker 3: your alley, Netflix, NFLX. Their shares up more than one percent, 25 00:01:23,240 --> 00:01:25,319 Speaker 3: it reports after the close. But it's the news that 26 00:01:25,360 --> 00:01:28,600 Speaker 3: we've been talking about. It reached an amended all cash 27 00:01:28,640 --> 00:01:30,520 Speaker 3: agreement all cash, that's what they want to do with 28 00:01:30,520 --> 00:01:34,399 Speaker 3: the change the Warner Brothers Discovery streaming business offer. So 29 00:01:34,440 --> 00:01:36,920 Speaker 3: they're hoping it's going to speed up the sale. I'm guessing, 30 00:01:37,360 --> 00:01:39,679 Speaker 3: you know, thirty dollars a share cash tender is what 31 00:01:39,720 --> 00:01:42,920 Speaker 3: paramount offered for all of Warner They hope to call 32 00:01:42,959 --> 00:01:45,560 Speaker 3: a special meeting with shareholders to approve the deal. If 33 00:01:45,600 --> 00:01:48,920 Speaker 3: you look at a timeline Netflix, they say stockholders should 34 00:01:48,920 --> 00:01:51,160 Speaker 3: be able to vote on the transaction by April. But 35 00:01:51,160 --> 00:01:53,080 Speaker 3: I'm sure this all will take. 36 00:01:53,040 --> 00:01:54,000 Speaker 1: A lot more. 37 00:01:54,160 --> 00:01:57,080 Speaker 4: Fine, we'll see what paramounts you know, comes back with her. 38 00:01:57,080 --> 00:01:59,240 Speaker 4: Are they going to up their offer? That's probably the next. 39 00:01:59,680 --> 00:02:02,640 Speaker 2: Winning the battle right now. I mean, you know all 40 00:02:02,720 --> 00:02:07,440 Speaker 2: weekend land Man land Man, Landman, Yeah, oh did you watch. 41 00:02:07,640 --> 00:02:09,320 Speaker 4: I'm watching it on the train ride home today. So 42 00:02:09,400 --> 00:02:12,239 Speaker 4: I've DoD so no spoilers, No spoilers. 43 00:02:12,280 --> 00:02:15,280 Speaker 2: I got rave reviews about how they handled it good. 44 00:02:15,320 --> 00:02:17,800 Speaker 4: Yeah, because the second season, quite frankly, it's not been 45 00:02:17,840 --> 00:02:18,280 Speaker 4: as good. 46 00:02:18,120 --> 00:02:21,280 Speaker 2: As Does that save the small like your show like that? 47 00:02:21,400 --> 00:02:22,360 Speaker 2: Does it save them? 48 00:02:23,120 --> 00:02:25,000 Speaker 4: No, it's just one of many. Netflix has got a 49 00:02:25,320 --> 00:02:27,560 Speaker 4: huge portfolio of programming. But it's nice to get the 50 00:02:27,960 --> 00:02:29,679 Speaker 4: being ageist and that's what matters. 51 00:02:29,840 --> 00:02:32,919 Speaker 1: Sure, no spoilers exactly. 52 00:02:33,480 --> 00:02:36,160 Speaker 3: Next one of these, the last one, the San Francisco 53 00:02:36,240 --> 00:02:39,520 Speaker 3: based a biotech company is called Wrap Therapeutics. Shares are 54 00:02:39,600 --> 00:02:42,919 Speaker 3: up as much as sixty five percent, So basically we 55 00:02:43,000 --> 00:02:45,679 Speaker 3: got some deal making news. UK drug company GSK. They're 56 00:02:45,760 --> 00:02:47,359 Speaker 3: going to buy it in a deal valued at two 57 00:02:47,360 --> 00:02:51,480 Speaker 3: point two billion. What is RAP do? They develop treatments 58 00:02:51,520 --> 00:02:56,200 Speaker 3: for patients with inflammatory immune logic diseases. So GSK says 59 00:02:56,240 --> 00:02:57,880 Speaker 3: the deal is going to give it these global rights 60 00:02:57,880 --> 00:03:01,919 Speaker 3: to potential protection against food. Allur jins could require less 61 00:03:01,960 --> 00:03:06,040 Speaker 3: dosing than current standard, but they're now focused. GAGSK is 62 00:03:06,360 --> 00:03:08,400 Speaker 3: changing their focus. They want to double down on two 63 00:03:08,520 --> 00:03:10,800 Speaker 3: key parts in the business. Apps on collegy medicines and 64 00:03:10,840 --> 00:03:14,320 Speaker 3: also immunology inflammatory drugs. So some felmaking. 65 00:03:13,919 --> 00:03:19,320 Speaker 1: News, the Stock Mover's Report from Bloomberg Radio. Check back 66 00:03:19,320 --> 00:03:21,560 Speaker 1: with us throughout the day for the latest roundup of 67 00:03:21,600 --> 00:03:24,920 Speaker 1: companies making news on Wall Street and for the latest 68 00:03:24,919 --> 00:03:29,160 Speaker 1: market moving headlines. 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