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Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Stock's on the Move. I'm Charlie Pellett with a weekly
Speaker 1: roundup of some of the stocks are significant movements this
Speaker 1: week and joining us now Bloomberg's Natalia Keneshevich. Well, let's
Speaker 1: begin with Warner Brothers Discovery. It is the stock that
Speaker 1: keeps on giving in terms of business reporters. What were
Speaker 1: some of the big stories, some of the big news
Speaker 1: and indeed the big move involving w b D.
Speaker 3: Yeah, so shares are down today by one point five
Speaker 3: percent on a weekly basis. They posted again of three
Speaker 3: point seven percent. So the latest news comes from the
Speaker 3: report of New York Post which is saying that Paramounts
Speaker 3: Guidance could walk away from its thirty dot dollars per
Speaker 3: share cash bit and instead could litigate against the company's
Speaker 3: board for how it handled the process. People inside Paramounts
Speaker 3: Guidance alerged that directors and management ignored their six old
Speaker 3: cash offer for the company and favored Netflix's cash stock
Speaker 3: bits throughout the bidding process. So we have lots of news.
Speaker 3: Potentially we may hear more before the end of the year,
Speaker 3: but anyway, investors have until late January to make the
Speaker 3: final decision.
Speaker 1: Indeed, Warner Brothers Discovery a year to date up one
Speaker 1: hundred seventy two percent. Well, some of the other stocks
Speaker 1: on significant moves. A company called Sable sooc on the
Speaker 1: ticker tell us a little bit about the news involving Sable.
Speaker 3: Right, So the stock is down by thirteen percent today. However,
Speaker 3: earlier this week it posted a thirty six percent gain
Speaker 3: after US regulators issue an emergency special permit for the
Speaker 3: part of this contested California pipeline, basically paving the way
Speaker 3: for Sable Offshore to begin pumping crude at its offshore
Speaker 3: oil rigs. However, today Environmental Defense Center and Center for
Speaker 3: Biological Diversity filed an emergency motion to hold the restart
Speaker 3: of this pipeline. Environmental groups are saying that westarting the
Speaker 3: pipeline system would invite another oil disaster on the Central Coast.
Speaker 3: So lots of moves in the stocks, and potentially we
Speaker 3: will see.
Speaker 1: More, all right, and then from Sable over to in
Speaker 1: video always making news. And by the way, this stock
Speaker 1: up almost forty two percent year to date. What were
Speaker 1: some of the big news, some of the big stories,
Speaker 1: some of the big news surrounding in video.
Speaker 3: Yeah, so in video is also up by five point
Speaker 3: three percent on a weekly basis, and this is the
Speaker 3: biggest gain since early October. So today we've learned that
Speaker 3: Nvidia is up after the chip maker agreed to a
Speaker 3: licensing deal with the AI startup Grock. Analysts are really
Speaker 3: positive on this news. So the company paid for the
Speaker 3: right to use Grogs technology and will integrate its chip
Speaker 3: design into future products. Some of the startup executives are
Speaker 3: leaving to join Nvidia to help with that effort. Grock meanwhile,
Speaker 3: will continue as an independent company with a new CEO.
Speaker 3: The deal has received multiple positive, i would say commentaries
Speaker 3: from Wall Street analysts. For example, Bernstein is saying that
Speaker 3: the move appears strategic and nature for Nvidia is the
Speaker 3: leverage their increasingly powerful balance sheet to maintain dominance in
Speaker 3: key assets. But it also seems to be more like
Speaker 3: a grab for technology in human capital by Nvidia rather
Speaker 3: than straight purchase.
Speaker 1: All right, there you have it, Natalia Kenjevich, We thank
Speaker 1: you very much. Stocks on the move I'm Charlie Pellett,
Speaker 1: and this is Bloomberg.
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