WEBVTT - Weekly Roundup: Warner Bros. Discovery Gains, Sable Soars, Nvidia Rallies 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Stock's on the Move. I'm Charlie Pellett with a weekly

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<v Speaker 1>roundup of some of the stocks are significant movements this

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<v Speaker 1>week and joining us now Bloomberg's Natalia Keneshevich. Well, let's

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<v Speaker 1>begin with Warner Brothers Discovery. It is the stock that

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<v Speaker 1>keeps on giving in terms of business reporters. What were

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<v Speaker 1>some of the big stories, some of the big news

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<v Speaker 1>and indeed the big move involving w b D.

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<v Speaker 3>Yeah, so shares are down today by one point five

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<v Speaker 3>percent on a weekly basis. They posted again of three

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<v Speaker 3>point seven percent. So the latest news comes from the

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<v Speaker 3>report of New York Post which is saying that Paramounts

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<v Speaker 3>Guidance could walk away from its thirty dot dollars per

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<v Speaker 3>share cash bit and instead could litigate against the company's

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<v Speaker 3>board for how it handled the process. People inside Paramounts

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<v Speaker 3>Guidance alerged that directors and management ignored their six old

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<v Speaker 3>cash offer for the company and favored Netflix's cash stock

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<v Speaker 3>bits throughout the bidding process. So we have lots of news.

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<v Speaker 3>Potentially we may hear more before the end of the year,

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<v Speaker 3>but anyway, investors have until late January to make the

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<v Speaker 3>final decision.

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<v Speaker 1>Indeed, Warner Brothers Discovery a year to date up one

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<v Speaker 1>hundred seventy two percent. Well, some of the other stocks

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<v Speaker 1>on significant moves. A company called Sable sooc on the

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<v Speaker 1>ticker tell us a little bit about the news involving Sable.

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<v Speaker 3>Right, So the stock is down by thirteen percent today. However,

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<v Speaker 3>earlier this week it posted a thirty six percent gain

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<v Speaker 3>after US regulators issue an emergency special permit for the

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<v Speaker 3>part of this contested California pipeline, basically paving the way

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<v Speaker 3>for Sable Offshore to begin pumping crude at its offshore

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<v Speaker 3>oil rigs. However, today Environmental Defense Center and Center for

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<v Speaker 3>Biological Diversity filed an emergency motion to hold the restart

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<v Speaker 3>of this pipeline. Environmental groups are saying that westarting the

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<v Speaker 3>pipeline system would invite another oil disaster on the Central Coast.

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<v Speaker 3>So lots of moves in the stocks, and potentially we

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<v Speaker 3>will see.

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<v Speaker 1>More, all right, and then from Sable over to in

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<v Speaker 1>video always making news. And by the way, this stock

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<v Speaker 1>up almost forty two percent year to date. What were

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<v Speaker 1>some of the big news, some of the big stories,

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<v Speaker 1>some of the big news surrounding in video.

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<v Speaker 3>Yeah, so in video is also up by five point

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<v Speaker 3>three percent on a weekly basis, and this is the

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<v Speaker 3>biggest gain since early October. So today we've learned that

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<v Speaker 3>Nvidia is up after the chip maker agreed to a

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<v Speaker 3>licensing deal with the AI startup Grock. Analysts are really

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<v Speaker 3>positive on this news. So the company paid for the

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<v Speaker 3>right to use Grogs technology and will integrate its chip

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<v Speaker 3>design into future products. Some of the startup executives are

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<v Speaker 3>leaving to join Nvidia to help with that effort. Grock meanwhile,

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<v Speaker 3>will continue as an independent company with a new CEO.

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<v Speaker 3>The deal has received multiple positive, i would say commentaries

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<v Speaker 3>from Wall Street analysts. For example, Bernstein is saying that

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<v Speaker 3>the move appears strategic and nature for Nvidia is the

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<v Speaker 3>leverage their increasingly powerful balance sheet to maintain dominance in

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<v Speaker 3>key assets. But it also seems to be more like

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<v Speaker 3>a grab for technology in human capital by Nvidia rather

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<v Speaker 3>than straight purchase.

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<v Speaker 1>All right, there you have it, Natalia Kenjevich, We thank

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<v Speaker 1>you very much. Stocks on the move I'm Charlie Pellett,

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<v Speaker 1>and this is Bloomberg.

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<v Speaker 2>The Stockmover's Report from Bloomberg Radio. Check back with us

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