1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,599 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,640 --> 00:00:22,120 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting write 6 00:00:22,160 --> 00:00:24,520 Speaker 1: off with the stock that is getting the biggest shot 7 00:00:24,560 --> 00:00:28,320 Speaker 1: in the arm this morning, Dinavax. Good morning, Dan. 8 00:00:28,920 --> 00:00:29,680 Speaker 3: Good morning. 9 00:00:29,800 --> 00:00:30,120 Speaker 2: Yeah. 10 00:00:30,160 --> 00:00:33,920 Speaker 3: So Dinovax. It's surging almost forty percent in pre market 11 00:00:33,960 --> 00:00:38,120 Speaker 3: ticker dvax says. The US vaccine company is set to 12 00:00:38,159 --> 00:00:41,120 Speaker 3: be bought by French drug makers Sinofi for fifteen dollars 13 00:00:41,120 --> 00:00:43,400 Speaker 3: and fifty cents a share in a deal worth over 14 00:00:43,479 --> 00:00:49,199 Speaker 3: two billion dollars. Dinovax has a portfolio including a hepatitis 15 00:00:49,320 --> 00:00:52,440 Speaker 3: B vaccine that's already available and a singles vaccine that's 16 00:00:52,479 --> 00:00:55,480 Speaker 3: going through testing, and that's what Sinofi is looking for, 17 00:00:55,520 --> 00:00:58,880 Speaker 3: something to help expand out its portfolio. The deal comes 18 00:00:58,920 --> 00:01:01,880 Speaker 3: as the global vaccine mark market softening in the US. 19 00:01:02,080 --> 00:01:04,960 Speaker 3: RFK Junior, who's the head of the Health Services, has 20 00:01:05,000 --> 00:01:07,800 Speaker 3: been skeptical on vaccines, but most of the changes to 21 00:01:07,959 --> 00:01:11,720 Speaker 3: US policy have focused on childhood shots. That's where Dinovacs 22 00:01:11,800 --> 00:01:14,320 Speaker 3: is a little bit safer. It tends to be more 23 00:01:14,360 --> 00:01:18,400 Speaker 3: geared towards adult patients, so more likely sheltered from policy changes. 24 00:01:19,959 --> 00:01:23,959 Speaker 1: Okay, let's turn now to the biggest laggard this morning 25 00:01:24,360 --> 00:01:26,720 Speaker 1: among the mega caps. What's going on with Intel. 26 00:01:27,640 --> 00:01:31,240 Speaker 3: That's right, Intel, the chip maker. It's under pressure this morning, 27 00:01:31,280 --> 00:01:34,440 Speaker 3: the stocks down about four percent, with ticker IONTC down 28 00:01:34,520 --> 00:01:37,920 Speaker 3: in pre market. That's after a Reuter's report that Nvidia 29 00:01:38,000 --> 00:01:40,720 Speaker 3: has halted a test on making chips with Intel's eighteen 30 00:01:40,800 --> 00:01:44,559 Speaker 3: A process. What that process is is a manufacturing way 31 00:01:44,959 --> 00:01:49,000 Speaker 3: that allows to allows chip makers to make sub two 32 00:01:49,120 --> 00:01:52,520 Speaker 3: nanometer chips. We're at really really really small levels right 33 00:01:52,560 --> 00:01:55,120 Speaker 3: now because as part of the AI race, it's all 34 00:01:55,120 --> 00:01:58,760 Speaker 3: about getting more onto smaller bits. So this process could 35 00:01:58,840 --> 00:02:01,280 Speaker 3: put about fifty thousand on the width of a hair. 36 00:02:01,680 --> 00:02:05,080 Speaker 3: That said, in Vidia's finding out, according to Reuters, that 37 00:02:05,080 --> 00:02:08,240 Speaker 3: it's not quite working for them. The race has been 38 00:02:08,280 --> 00:02:11,119 Speaker 3: heating up, it's been you know, everyone's trying to put 39 00:02:11,160 --> 00:02:15,160 Speaker 3: more and more processing space in smaller units. And in 40 00:02:15,240 --> 00:02:18,800 Speaker 3: Nvidia invested five billion dollars earlier this year in Intel 41 00:02:18,840 --> 00:02:20,920 Speaker 3: as part of that deal, and the two have worked 42 00:02:20,919 --> 00:02:24,079 Speaker 3: to co develop chips for PCs and data centers. Goodyear 43 00:02:24,120 --> 00:02:26,359 Speaker 3: for Intel in terms of big backers because the US 44 00:02:26,440 --> 00:02:29,360 Speaker 3: government has also stepped in this year with a roughly 45 00:02:29,400 --> 00:02:32,160 Speaker 3: ten percent stake in Intel as well. Well. 46 00:02:32,160 --> 00:02:35,160 Speaker 1: It's a good morning for investors in Nike, catching a 47 00:02:35,200 --> 00:02:39,079 Speaker 1: bid with a pretty big name leading the rally this morning. 48 00:02:39,960 --> 00:02:42,200 Speaker 3: Yeah. I was hoping for a new pair of Nikes 49 00:02:42,200 --> 00:02:44,680 Speaker 3: for Christmas. Tim Cook has taken that to a whole 50 00:02:44,680 --> 00:02:47,519 Speaker 3: new level by stuffing his stocking with fifty thousand shares 51 00:02:47,520 --> 00:02:50,040 Speaker 3: of Nike. So if you're looking for a present for 52 00:02:50,120 --> 00:02:52,120 Speaker 3: the man who has it all, I guess fifty thousand 53 00:02:52,120 --> 00:02:55,160 Speaker 3: shares of Nike will do it. The CEO of the 54 00:02:55,200 --> 00:02:58,240 Speaker 3: CEO of Apple is also the lead director of Nike, 55 00:02:59,000 --> 00:03:01,960 Speaker 3: finally went out that he bought fifty thousand shares worth 56 00:03:02,120 --> 00:03:08,160 Speaker 3: about three million dollars just recently, and it could be 57 00:03:08,200 --> 00:03:09,760 Speaker 3: a bit of a dip buy. The shares have been 58 00:03:09,800 --> 00:03:11,840 Speaker 3: on the decline since July, and they fell over ten 59 00:03:11,880 --> 00:03:14,920 Speaker 3: percent after the earnings came out, So right now Tim 60 00:03:15,000 --> 00:03:17,480 Speaker 3: Cook holds about six million dollars worth of Nike. That 61 00:03:17,560 --> 00:03:20,400 Speaker 3: does compare to the nine hundred million in Apple he holds. 62 00:03:20,480 --> 00:03:23,640 Speaker 3: For nine hundred million that he holds an Apple stock, 63 00:03:23,680 --> 00:03:25,600 Speaker 3: so could be a good Christmas for him with all 64 00:03:25,639 --> 00:03:28,480 Speaker 3: that money sitting around. Nike shares up about two percent 65 00:03:28,560 --> 00:03:30,160 Speaker 3: in pre market right now. 66 00:03:30,400 --> 00:03:34,400 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 67 00:03:34,480 --> 00:03:37,080 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:37,160 --> 00:03:40,240 Speaker 2: making news on Wall Street and for the latest market 69 00:03:40,280 --> 00:03:44,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:44,840 --> 00:03:48,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:48,400 --> 00:03:49,880 Speaker 2: the Bloomberg Business app.