1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:17,079 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,320 --> 00:00:20,080 Speaker 1: Stock's on the Move. I'm Charlie Pellett with a weekly 5 00:00:20,160 --> 00:00:23,079 Speaker 1: roundup of some of the stocks are significant movements this 6 00:00:23,160 --> 00:00:27,440 Speaker 1: week and joining us now Bloomberg's Natalia Keneshevich. Well, let's 7 00:00:27,480 --> 00:00:30,159 Speaker 1: begin with Warner Brothers Discovery. It is the stock that 8 00:00:30,280 --> 00:00:33,040 Speaker 1: keeps on giving in terms of business reporters. What were 9 00:00:33,080 --> 00:00:35,240 Speaker 1: some of the big stories, some of the big news 10 00:00:35,479 --> 00:00:38,320 Speaker 1: and indeed the big move involving w b D. 11 00:00:39,400 --> 00:00:43,880 Speaker 3: Yeah, so shares are down today by one point five 12 00:00:44,000 --> 00:00:47,440 Speaker 3: percent on a weekly basis. They posted again of three 13 00:00:47,479 --> 00:00:51,559 Speaker 3: point seven percent. So the latest news comes from the 14 00:00:51,640 --> 00:00:56,840 Speaker 3: report of New York Post which is saying that Paramounts 15 00:00:56,880 --> 00:01:00,520 Speaker 3: Guidance could walk away from its thirty dot dollars per 16 00:01:00,560 --> 00:01:04,640 Speaker 3: share cash bit and instead could litigate against the company's 17 00:01:04,640 --> 00:01:09,160 Speaker 3: board for how it handled the process. People inside Paramounts 18 00:01:09,200 --> 00:01:14,920 Speaker 3: Guidance alerged that directors and management ignored their six old 19 00:01:14,920 --> 00:01:18,720 Speaker 3: cash offer for the company and favored Netflix's cash stock 20 00:01:18,760 --> 00:01:22,679 Speaker 3: bits throughout the bidding process. So we have lots of news. 21 00:01:23,160 --> 00:01:26,240 Speaker 3: Potentially we may hear more before the end of the year, 22 00:01:26,319 --> 00:01:30,440 Speaker 3: but anyway, investors have until late January to make the 23 00:01:30,480 --> 00:01:31,360 Speaker 3: final decision. 24 00:01:32,280 --> 00:01:36,360 Speaker 1: Indeed, Warner Brothers Discovery a year to date up one 25 00:01:36,440 --> 00:01:40,160 Speaker 1: hundred seventy two percent. Well, some of the other stocks 26 00:01:40,360 --> 00:01:44,080 Speaker 1: on significant moves. A company called Sable sooc on the 27 00:01:44,120 --> 00:01:47,600 Speaker 1: ticker tell us a little bit about the news involving Sable. 28 00:01:48,000 --> 00:01:53,400 Speaker 3: Right, So the stock is down by thirteen percent today. However, 29 00:01:53,640 --> 00:01:57,080 Speaker 3: earlier this week it posted a thirty six percent gain 30 00:01:58,280 --> 00:02:02,200 Speaker 3: after US regulators issue an emergency special permit for the 31 00:02:02,240 --> 00:02:06,960 Speaker 3: part of this contested California pipeline, basically paving the way 32 00:02:07,280 --> 00:02:11,640 Speaker 3: for Sable Offshore to begin pumping crude at its offshore 33 00:02:11,720 --> 00:02:16,280 Speaker 3: oil rigs. However, today Environmental Defense Center and Center for 34 00:02:16,360 --> 00:02:20,960 Speaker 3: Biological Diversity filed an emergency motion to hold the restart 35 00:02:21,160 --> 00:02:25,080 Speaker 3: of this pipeline. Environmental groups are saying that westarting the 36 00:02:25,120 --> 00:02:30,840 Speaker 3: pipeline system would invite another oil disaster on the Central Coast. 37 00:02:31,000 --> 00:02:34,040 Speaker 3: So lots of moves in the stocks, and potentially we 38 00:02:34,080 --> 00:02:34,680 Speaker 3: will see. 39 00:02:34,520 --> 00:02:37,920 Speaker 1: More, all right, and then from Sable over to in 40 00:02:38,080 --> 00:02:40,760 Speaker 1: video always making news. And by the way, this stock 41 00:02:40,840 --> 00:02:44,520 Speaker 1: up almost forty two percent year to date. What were 42 00:02:44,520 --> 00:02:46,760 Speaker 1: some of the big news, some of the big stories, 43 00:02:46,760 --> 00:02:48,720 Speaker 1: some of the big news surrounding in video. 44 00:02:49,400 --> 00:02:51,960 Speaker 3: Yeah, so in video is also up by five point 45 00:02:52,480 --> 00:02:55,160 Speaker 3: three percent on a weekly basis, and this is the 46 00:02:55,160 --> 00:03:00,080 Speaker 3: biggest gain since early October. So today we've learned that 47 00:03:00,880 --> 00:03:05,160 Speaker 3: Nvidia is up after the chip maker agreed to a 48 00:03:05,240 --> 00:03:09,680 Speaker 3: licensing deal with the AI startup Grock. Analysts are really 49 00:03:09,760 --> 00:03:14,240 Speaker 3: positive on this news. So the company paid for the 50 00:03:14,320 --> 00:03:18,200 Speaker 3: right to use Grogs technology and will integrate its chip 51 00:03:18,280 --> 00:03:22,079 Speaker 3: design into future products. Some of the startup executives are 52 00:03:22,160 --> 00:03:26,040 Speaker 3: leaving to join Nvidia to help with that effort. Grock meanwhile, 53 00:03:26,080 --> 00:03:29,919 Speaker 3: will continue as an independent company with a new CEO. 54 00:03:30,480 --> 00:03:35,440 Speaker 3: The deal has received multiple positive, i would say commentaries 55 00:03:35,440 --> 00:03:38,480 Speaker 3: from Wall Street analysts. For example, Bernstein is saying that 56 00:03:38,760 --> 00:03:41,840 Speaker 3: the move appears strategic and nature for Nvidia is the 57 00:03:42,040 --> 00:03:46,640 Speaker 3: leverage their increasingly powerful balance sheet to maintain dominance in 58 00:03:46,720 --> 00:03:48,960 Speaker 3: key assets. But it also seems to be more like 59 00:03:49,000 --> 00:03:52,400 Speaker 3: a grab for technology in human capital by Nvidia rather 60 00:03:52,440 --> 00:03:54,040 Speaker 3: than straight purchase. 61 00:03:54,920 --> 00:03:57,800 Speaker 1: All right, there you have it, Natalia Kenjevich, We thank 62 00:03:57,840 --> 00:04:00,920 Speaker 1: you very much. Stocks on the move I'm Charlie Pellett, 63 00:04:01,000 --> 00:04:03,240 Speaker 1: and this is Bloomberg. 64 00:04:04,440 --> 00:04:08,640 Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us 65 00:04:08,680 --> 00:04:11,480 Speaker 2: throughout the day for the latest roundup of companies making 66 00:04:11,560 --> 00:04:15,160 Speaker 2: news on Wall Street and for the latest market moving headlines. 67 00:04:15,400 --> 00:04:19,400 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 68 00:04:19,440 --> 00:04:22,520 Speaker 2: dot com, and on Applecarplay and Android Auto with the 69 00:04:22,560 --> 00:04:23,919 Speaker 2: Bloomberg Business app.