WEBVTT - Dynavax Soars After Sanofi Acquistion; Intel Falls on Report; AST SpaceMobile Rallies

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting write

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<v Speaker 1>off with the stock that is getting the biggest shot

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<v Speaker 1>in the arm this morning, Dinavax. Good morning, Dan.

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<v Speaker 3>Good morning.

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<v Speaker 2>Yeah.

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<v Speaker 3>So Dinovax. It's surging almost forty percent in pre market

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<v Speaker 3>ticker dvax says. The US vaccine company is set to

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<v Speaker 3>be bought by French drug makers Sinofi for fifteen dollars

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<v Speaker 3>and fifty cents a share in a deal worth over

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<v Speaker 3>two billion dollars. Dinovax has a portfolio including a hepatitis

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<v Speaker 3>B vaccine that's already available and a singles vaccine that's

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<v Speaker 3>going through testing, and that's what Sinofi is looking for,

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<v Speaker 3>something to help expand out its portfolio. The deal comes

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<v Speaker 3>as the global vaccine mark market softening in the US.

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<v Speaker 3>RFK Junior, who's the head of the Health Services, has

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<v Speaker 3>been skeptical on vaccines, but most of the changes to

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<v Speaker 3>US policy have focused on childhood shots. That's where Dinovacs

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<v Speaker 3>is a little bit safer. It tends to be more

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<v Speaker 3>geared towards adult patients, so more likely sheltered from policy changes.

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<v Speaker 1>Okay, let's turn now to the biggest laggard this morning

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<v Speaker 1>among the mega caps. What's going on with Intel.

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<v Speaker 3>That's right, Intel, the chip maker. It's under pressure this morning,

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<v Speaker 3>the stocks down about four percent, with ticker IONTC down

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<v Speaker 3>in pre market. That's after a Reuter's report that Nvidia

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<v Speaker 3>has halted a test on making chips with Intel's eighteen

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<v Speaker 3>A process. What that process is is a manufacturing way

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<v Speaker 3>that allows to allows chip makers to make sub two

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<v Speaker 3>nanometer chips. We're at really really really small levels right

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<v Speaker 3>now because as part of the AI race, it's all

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<v Speaker 3>about getting more onto smaller bits. So this process could

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<v Speaker 3>put about fifty thousand on the width of a hair.

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<v Speaker 3>That said, in Vidia's finding out, according to Reuters, that

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<v Speaker 3>it's not quite working for them. The race has been

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<v Speaker 3>heating up, it's been you know, everyone's trying to put

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<v Speaker 3>more and more processing space in smaller units. And in

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<v Speaker 3>Nvidia invested five billion dollars earlier this year in Intel

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<v Speaker 3>as part of that deal, and the two have worked

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<v Speaker 3>to co develop chips for PCs and data centers. Goodyear

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<v Speaker 3>for Intel in terms of big backers because the US

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<v Speaker 3>government has also stepped in this year with a roughly

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<v Speaker 3>ten percent stake in Intel as well. Well.

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<v Speaker 1>It's a good morning for investors in Nike, catching a

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<v Speaker 1>bid with a pretty big name leading the rally this morning.

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<v Speaker 3>Yeah. I was hoping for a new pair of Nikes

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<v Speaker 3>for Christmas. Tim Cook has taken that to a whole

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<v Speaker 3>new level by stuffing his stocking with fifty thousand shares

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<v Speaker 3>of Nike. So if you're looking for a present for

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<v Speaker 3>the man who has it all, I guess fifty thousand

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<v Speaker 3>shares of Nike will do it. The CEO of the

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<v Speaker 3>CEO of Apple is also the lead director of Nike,

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<v Speaker 3>finally went out that he bought fifty thousand shares worth

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<v Speaker 3>about three million dollars just recently, and it could be

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<v Speaker 3>a bit of a dip buy. The shares have been

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<v Speaker 3>on the decline since July, and they fell over ten

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<v Speaker 3>percent after the earnings came out, So right now Tim

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<v Speaker 3>Cook holds about six million dollars worth of Nike. That

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<v Speaker 3>does compare to the nine hundred million in Apple he holds.

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<v Speaker 3>For nine hundred million that he holds an Apple stock,

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<v Speaker 3>so could be a good Christmas for him with all

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<v Speaker 3>that money sitting around. Nike shares up about two percent

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<v Speaker 3>in pre market right now.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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