Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Tim Staneveek along with Carol Master. Let's take a
Speaker 3: look at the stocks on the move this week. We're
Speaker 3: joined by Bloomberg News Acuties reporter Avalon pronow save us please,
Speaker 3: just like these two are crazy.
Speaker 1: It's hard to talk about stocks of the week witholex
Speaker 1: starting with Nvidia ticker and VDA.
Speaker 4: I almost forgot that this was a big week for Nvidia,
Speaker 4: Like it's just been so crazy, but go ahead.
Speaker 1: I mean, there's definitely plenty going on, and they're quite
Speaker 1: responsible in terms of why the broader market today was
Speaker 1: slightly down since Nvidia closed down this week six point
Speaker 1: seven percent.
Speaker 5: That's the stock's biggest weekly drop.
Speaker 1: Since November, which, if you remember, is also when they
Speaker 1: gave their third quarter earnings. And it's a fairly similar
Speaker 1: story of despite a bet and rays, investors still have
Speaker 1: a ton of question marks about how much longer can
Speaker 1: this go?
Speaker 4: I know, and everybody was like, I feel like everybody
Speaker 4: who came on was like, what an incredible quarter, right.
Speaker 3: Robert sh from a Bloomber intelligence team. He's like, this
Speaker 3: is a record setting beaten rais Yeah.
Speaker 4: Like for any company, Yeah, in terms of an earnings report.
Speaker 4: So and he follows the credit so he looks at
Speaker 4: the debt market, but he's been looking at this AI spin.
Speaker 5: That's a good one.
Speaker 4: Netflix.
Speaker 5: Yes, Netflix ticker and FLX.
Speaker 1: That stock closed up twenty two percent this week for
Speaker 1: its best week since twenty twenty two. And it's kind
Speaker 1: of a funny reason for it, considering they declined to
Speaker 1: even consider the four day period to beat Paramount skuy
Speaker 1: dances offered for Warner Brothers. They decided to bow out,
Speaker 1: and Bernstein actually said that they see it as a
Speaker 1: win win win outcome for all three. They mentioned how
Speaker 1: potentially this is actually a really great opportunity for Netflix
Speaker 1: to look elsewhere to fix their engagement issues, and Benchmark
Speaker 1: agreed as well. They said that Netflix was willing to
Speaker 1: spend and potentially they're gonna be able to spend elsewhere.
Speaker 4: So we'll seek and you walk away with a two
Speaker 4: point eight billion dollar breakup feet. Thank you very much.
Speaker 3: Nice to have a breakup fee. In life.
Speaker 5: Well, previou things aren't working out.
Speaker 3: Things aren't working out for christ Woman two point eight
Speaker 3: billion dollars.
Speaker 5: It can happen.
Speaker 3: Look at I just love looking at the investor reaction
Speaker 3: to this, because, yeah, the stock has been under pressure
Speaker 3: since Netflix said we're going to go for this. I
Speaker 3: know in the fall, investors didn't want to see him
Speaker 3: spend this money. Investors are happy they didn't do it.
Speaker 3: And now Netflix has two point eight billion dollars more
Speaker 3: thanks to Paramount Skuy and.
Speaker 4: Paramount Skuy and Netflix both rallying in the Friday trade,
Speaker 4: but Netflix really way out performance. Let's go on over
Speaker 4: to Novo Nordisk.
Speaker 1: Yeah, it's been another rough week, rough year, one could
Speaker 1: say for Novo Nordisk. It's eight rs closed down twenty
Speaker 1: one percent this year or this year, not this year,
Speaker 1: this week, and that's actually its steepest weekly slump sixth August,
Speaker 1: which I actually think more importantly, it's actually erased all
Speaker 1: of its gains the last Wigo V fueled jump and
Speaker 1: so to say the lease earlier this week, it's a
Speaker 1: rock chart.
Speaker 5: This week, it's a pretty rough chart.
Speaker 1: Earlier this week, Novo said that it planned to slash
Speaker 1: the US prizes for it's obesity drugs and that reignited
Speaker 1: fears about this race to the bottom. And yeah, investors
Speaker 1: aren't really happy to say the lease. They've fallen quite
Speaker 1: a bit from their peak in twenty twenty four. And
Speaker 1: I kind of liked what one analyst mentioned that Nova
Speaker 1: is now at this point reliant on its pills and
Speaker 1: Eli Lilly is potentially going to have their pills later
Speaker 1: this spring.
Speaker 4: So as our Madison Muller, who's been covering this JLP
Speaker 4: one space from the get go a few years ago,
Speaker 4: just said, you know, it's hard. Novo kind of created
Speaker 4: this space right was out of the gate. It was
Speaker 4: incredible for them, but then to see them struggle kind.
Speaker 5: Of it's just been it's been a.
Speaker 4: Very different story around them.
Speaker 5: Big story this week.
Speaker 4: Tim will not be sleeping this week. You won't be
Speaker 4: sleeping for the rest of his life because of this one.
Speaker 1: Oh yeah, saved block for last. That's ticker XYZ, which
Speaker 1: is kind of a fun ticker. It's surged up twenty
Speaker 1: percent this week. That's its best week since twenty twenty
Speaker 1: four after the fintech said yesterday that it plans to
Speaker 1: reduce its workforce by nearly half.
Speaker 5: In another big bet on.
Speaker 1: AI and I think it's kind of interesting that it
Speaker 1: did report a.
Speaker 5: Fairly strong fourth quarter.
Speaker 1: However, I mean, everybody's focused on this question about what's
Speaker 1: going to happen next, What does this mean for other
Speaker 1: tech companies. He've been kind of alluded to it in
Speaker 1: the shareholder letter of he doesn't expect to be the
Speaker 1: only company doing this.
Speaker 5: So who's next?
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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