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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Jim Stataveech along with Carol Masser. Let's take a

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Speaker 3: look at some stocks on the move today. We're joined

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Speaker 3: by Bloomberg News Acuties reporter Natala Kenny j Bitch watching

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Speaker 3: Nike in the after hours.

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Speaker 4: Yes, guys, I'm looking at shares of Nike. The tickers

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Speaker 4: and key E shares are currently up by zero point

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Speaker 4: eight percent and they climbed by as much as four percent.

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Speaker 4: So basically, results came better than expected. We see strength

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Speaker 4: in wholesale business North America segment. Overall revenue came at

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Speaker 4: eleven point seven billion dollars and also expected eleven billion dollars. Meanwhile,

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Speaker 4: sales fell by one percent on a currency adjusted neutral basis.

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Speaker 4: And overall these reports, these results underscore that efforts to

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Speaker 4: restructure business are kind of doing well. We see that

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Speaker 4: Nike is clearing out old inventories and also working with

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Speaker 4: wholesale segment overall.

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Speaker 1: Yeah, we talked to our Putam Goyle to Bloomberg Intelligence

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Speaker 1: and very pleased in terms of what we got from

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Speaker 1: the company today, Core we this was one in the

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Speaker 1: regular trade that also rallied in today's.

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Speaker 4: Exactly, so the stock finished the day by eleven point

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Speaker 4: seven percent. Of course, it was huge news today Core

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Speaker 4: We've agreed to supply computing power to meta platforms worth

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Speaker 4: of fourteen point two billion dollars, and of course, as

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Speaker 4: a part of this agreement, Core with will provide access

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Speaker 4: to the latest n videas chips. Bloomberg Intelligence analysts are

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Speaker 4: saying that this is a very good development as it

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Speaker 4: kind of eases a little bit reliance on big customers.

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Speaker 4: We know that Microsoft accounts for about seventy percent of

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Speaker 4: its revenue and customers. However, many analysts also emphasize that

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Speaker 4: it's also a matter of debt, metal of leverage, because yes,

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Speaker 4: the company has all these contracts, but now it's a

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Speaker 4: matter of financing. Overall, the stock is up by almost

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Speaker 4: two hundred and fifty percent since it's ipl.

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Speaker 1: And we're gonna just mention Lynthium America's because the US

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Speaker 1: of government agreed to acquire a stake in the company.

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Speaker 1: Secretary of Energy Chris Wright saying on Bloomberg TV, giving

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Speaker 1: a boost to the Canadian company as it develops its

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Speaker 1: Thacker Pass lithium project in Nevada. And so we did

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Speaker 1: see this one in the aftermarket tim moving higher.

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Speaker 3: Yeah, ticker for that is lac up in the after hours. Yeah,

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Speaker 3: so definitely see triple digit moves last week closed up

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Speaker 3: close to one hundred percent, up more than ninety percent

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Speaker 3: so far this year.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

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