Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
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: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting write
Speaker 1: off with the stock that is getting the biggest shot
Speaker 1: in the arm this morning, Dinavax. Good morning, Dan.
Speaker 3: Good morning.
Speaker 2: Yeah.
Speaker 3: So Dinovax. It's surging almost forty percent in pre market
Speaker 3: ticker dvax says. The US vaccine company is set to
Speaker 3: be bought by French drug makers Sinofi for fifteen dollars
Speaker 3: and fifty cents a share in a deal worth over
Speaker 3: two billion dollars. Dinovax has a portfolio including a hepatitis
Speaker 3: B vaccine that's already available and a singles vaccine that's
Speaker 3: going through testing, and that's what Sinofi is looking for,
Speaker 3: something to help expand out its portfolio. The deal comes
Speaker 3: as the global vaccine mark market softening in the US.
Speaker 3: RFK Junior, who's the head of the Health Services, has
Speaker 3: been skeptical on vaccines, but most of the changes to
Speaker 3: US policy have focused on childhood shots. That's where Dinovacs
Speaker 3: is a little bit safer. It tends to be more
Speaker 3: geared towards adult patients, so more likely sheltered from policy changes.
Speaker 1: Okay, let's turn now to the biggest laggard this morning
Speaker 1: among the mega caps. What's going on with Intel.
Speaker 3: That's right, Intel, the chip maker. It's under pressure this morning,
Speaker 3: the stocks down about four percent, with ticker IONTC down
Speaker 3: in pre market. That's after a Reuter's report that Nvidia
Speaker 3: has halted a test on making chips with Intel's eighteen
Speaker 3: A process. What that process is is a manufacturing way
Speaker 3: that allows to allows chip makers to make sub two
Speaker 3: nanometer chips. We're at really really really small levels right
Speaker 3: now because as part of the AI race, it's all
Speaker 3: about getting more onto smaller bits. So this process could
Speaker 3: put about fifty thousand on the width of a hair.
Speaker 3: That said, in Vidia's finding out, according to Reuters, that
Speaker 3: it's not quite working for them. The race has been
Speaker 3: heating up, it's been you know, everyone's trying to put
Speaker 3: more and more processing space in smaller units. And in
Speaker 3: Nvidia invested five billion dollars earlier this year in Intel
Speaker 3: as part of that deal, and the two have worked
Speaker 3: to co develop chips for PCs and data centers. Goodyear
Speaker 3: for Intel in terms of big backers because the US
Speaker 3: government has also stepped in this year with a roughly
Speaker 3: ten percent stake in Intel as well. Well.
Speaker 1: It's a good morning for investors in Nike, catching a
Speaker 1: bid with a pretty big name leading the rally this morning.
Speaker 3: Yeah. I was hoping for a new pair of Nikes
Speaker 3: for Christmas. Tim Cook has taken that to a whole
Speaker 3: new level by stuffing his stocking with fifty thousand shares
Speaker 3: of Nike. So if you're looking for a present for
Speaker 3: the man who has it all, I guess fifty thousand
Speaker 3: shares of Nike will do it. The CEO of the
Speaker 3: CEO of Apple is also the lead director of Nike,
Speaker 3: finally went out that he bought fifty thousand shares worth
Speaker 3: about three million dollars just recently, and it could be
Speaker 3: a bit of a dip buy. The shares have been
Speaker 3: on the decline since July, and they fell over ten
Speaker 3: percent after the earnings came out, So right now Tim
Speaker 3: Cook holds about six million dollars worth of Nike. That
Speaker 3: does compare to the nine hundred million in Apple he holds.
Speaker 3: For nine hundred million that he holds an Apple stock,
Speaker 3: so could be a good Christmas for him with all
Speaker 3: that money sitting around. Nike shares up about two percent
Speaker 3: in pre market right now.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
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