1 00:00:00,080 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:18,800 Speaker 2: Let's take a look at some stacks in the move today. 5 00:00:19,040 --> 00:00:22,279 Speaker 3: Jem Tucker didn't tell me that let's start with the 6 00:00:22,320 --> 00:00:26,120 Speaker 3: most active Hymns and Hers And frankly, I don't know 7 00:00:26,239 --> 00:00:28,400 Speaker 3: how they get away with some of this stuff. And anyway, 8 00:00:28,440 --> 00:00:32,560 Speaker 3: Novo Nordis is suing Hymns in Hers Health for making 9 00:00:32,640 --> 00:00:37,600 Speaker 3: knockoffs of the obesity medications, even as HIMS scrap plans 10 00:00:37,600 --> 00:00:41,800 Speaker 3: to sell a copycat version of Wigovi the pill. Novo 11 00:00:42,000 --> 00:00:45,960 Speaker 3: has argued Hyms is breaching its US patent on semagluetide, 12 00:00:46,000 --> 00:00:50,080 Speaker 3: the active ingredient in the blockbuster medicines. It's also built 13 00:00:50,080 --> 00:00:56,200 Speaker 3: the rival products as potentially dangerous for consumers. The lawsuit 14 00:00:56,200 --> 00:00:59,760 Speaker 3: marks and escalation of Novo's spat with Hyms. This is 15 00:01:00,040 --> 00:01:03,120 Speaker 3: at the Telehealth Platform retreat on Saturday. They said they 16 00:01:03,120 --> 00:01:04,959 Speaker 3: weren't going to go through with it. It said was 17 00:01:05,000 --> 00:01:07,680 Speaker 3: stop offering the cheaper versions of the new Goovi pill. 18 00:01:08,640 --> 00:01:11,240 Speaker 3: The Hymns decision to launch a knockoff with Goovie pill 19 00:01:11,360 --> 00:01:15,319 Speaker 3: was a step too far. This according the general counsel 20 00:01:15,480 --> 00:01:20,600 Speaker 3: at NOVO, John Kuckelman, said in an interview, last week's 21 00:01:20,600 --> 00:01:24,120 Speaker 3: announcement was egregious, as he put it, and was definitely 22 00:01:24,200 --> 00:01:27,240 Speaker 3: a tipping point of the two companies. This scrap a 23 00:01:27,319 --> 00:01:30,720 Speaker 3: partnership you were called last year, and the relationship has 24 00:01:30,760 --> 00:01:33,600 Speaker 3: grown increasingly acrimonious. 25 00:01:33,640 --> 00:01:36,640 Speaker 2: That Serena Williams was great yesterday. I can't remember what 26 00:01:36,680 --> 00:01:39,680 Speaker 2: she was selling, but it's like I lost thirty four pounds. 27 00:01:40,040 --> 00:01:42,560 Speaker 3: Yeah, after motherhood, you know. 28 00:01:43,040 --> 00:01:46,679 Speaker 2: Esus turned to me and said, next ye, next gen. 29 00:01:46,959 --> 00:01:50,520 Speaker 3: All right. Deal news this morning, Eli Lilly gonna buy 30 00:01:50,720 --> 00:01:54,960 Speaker 3: closely held biotech or A Therapeutics. The price tag here, 31 00:01:55,040 --> 00:01:57,800 Speaker 3: well it's just two point just two point four billion 32 00:01:57,840 --> 00:02:00,720 Speaker 3: in cash. But it's the second deal in many days 33 00:02:01,120 --> 00:02:04,640 Speaker 3: as Lily's trying to expand the pipeline beyond the blockbuster 34 00:02:04,720 --> 00:02:07,880 Speaker 3: obesity drug zet pound or A, developing a new class 35 00:02:07,920 --> 00:02:14,040 Speaker 3: of treatments for certain autoimmune diseases like rheumatory arthritis and MS. 36 00:02:14,560 --> 00:02:18,440 Speaker 3: The biotech company it's based in Watertown, Massachusetts. They've struck 37 00:02:18,520 --> 00:02:23,160 Speaker 3: licensing deals with other companies, including Vertex pharmaceuticas and Merk. 38 00:02:23,600 --> 00:02:26,360 Speaker 3: So the Lily orned deal is going to include upfront 39 00:02:26,360 --> 00:02:31,640 Speaker 3: payments as well as payouts based on meeting certain milestones. 40 00:02:32,000 --> 00:02:36,400 Speaker 3: While the Lilies dominated the ultra competitive obesity market with zetbound, 41 00:02:36,880 --> 00:02:39,400 Speaker 3: the company is trying to build out its pipeline. 42 00:02:39,520 --> 00:02:41,480 Speaker 2: Is this stock Movers all obesity? 43 00:02:41,760 --> 00:02:44,480 Speaker 3: I think yeah, I mean there is a theme here. 44 00:02:45,880 --> 00:02:47,400 Speaker 2: Give us one more quick, what do you get? 45 00:02:47,919 --> 00:02:50,799 Speaker 3: Well, let's follow up on alphabet and just flesh this 46 00:02:50,880 --> 00:02:53,600 Speaker 3: out a little. They're going to raise fifteen billion with 47 00:02:53,760 --> 00:02:55,400 Speaker 3: a high grade dollar bond sale. 48 00:02:56,480 --> 00:02:59,280 Speaker 1: So yeah. 49 00:02:59,680 --> 00:03:01,840 Speaker 2: Series borrowings yep. 50 00:03:02,760 --> 00:03:06,040 Speaker 3: Massive clown computing companies, the hyperscalers we know them as 51 00:03:06,200 --> 00:03:09,120 Speaker 3: expected to spend more than six hundred and fifty billion 52 00:03:09,160 --> 00:03:12,120 Speaker 3: dollars this year to expand AI infestry. 53 00:03:12,160 --> 00:03:14,560 Speaker 1: That was great reporting by Bloomberg News last week putting 54 00:03:14,600 --> 00:03:16,400 Speaker 1: that all together to come up that that's six hundred 55 00:03:16,400 --> 00:03:17,600 Speaker 1: and fifty billion dollar numbers. 56 00:03:17,639 --> 00:03:18,399 Speaker 2: Yeah. 57 00:03:18,480 --> 00:03:19,560 Speaker 3: I watering. 58 00:03:21,919 --> 00:03:24,200 Speaker 2: Well. Their long maturity, some of them thirty two one 59 00:03:24,280 --> 00:03:26,880 Speaker 2: hundred years. As one of the prince I saw John Tucker. 60 00:03:26,919 --> 00:03:28,840 Speaker 2: Thank you so much. Stock Movers. It is a. 61 00:03:28,840 --> 00:03:34,480 Speaker 1: Podcast, the Stock Movers Report from Bloomberg Radio. Check back 62 00:03:34,520 --> 00:03:36,760 Speaker 1: with us throughout the day. For the latest roundup of 63 00:03:36,800 --> 00:03:40,080 Speaker 1: companies making news on Wall Street, and for the latest 64 00:03:40,120 --> 00:03:44,320 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 65 00:03:44,360 --> 00:03:48,120 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 66 00:03:48,120 --> 00:03:50,080 Speaker 1: Auto with the Bloomberg Business app.