1 00:00:02,520 --> 00:00:08,640 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 00:00:16,480 --> 00:00:18,640 Speaker 1: Let's take a look at some stacks on the move today. 5 00:00:18,840 --> 00:00:22,360 Speaker 3: Alexis Christophers, good morning. I want to start with a 6 00:00:22,520 --> 00:00:26,439 Speaker 3: Universal Music Group because it's getting a lot of attention today. 7 00:00:26,480 --> 00:00:30,200 Speaker 3: It is up nine percent right now. So billionaire activist 8 00:00:30,280 --> 00:00:33,640 Speaker 3: Bill Ackman has proposed buying Universal Music Group now, just 9 00:00:33,680 --> 00:00:36,200 Speaker 3: to put it in perspective, it's the world's largest music company, 10 00:00:36,520 --> 00:00:41,040 Speaker 3: houses the likes of Taylor Swift, Drake Sabrina Carpenter, the Beatles, 11 00:00:41,680 --> 00:00:44,880 Speaker 3: Bad Bunny, Yep. But for a long time now, Bill 12 00:00:44,920 --> 00:00:47,920 Speaker 3: Ackman has said his Pershing Square Capital Management, which controls 13 00:00:47,960 --> 00:00:50,840 Speaker 3: more than four and a half percent of Universal, has said, look, 14 00:00:50,880 --> 00:00:53,599 Speaker 3: this stock is languishing, that's his word. It's lost more 15 00:00:53,640 --> 00:00:55,840 Speaker 3: than a third of its value in the past couple 16 00:00:55,880 --> 00:00:59,160 Speaker 3: of years. And he said that this hookup would actually 17 00:00:59,160 --> 00:01:02,200 Speaker 3: help to address problems at the company. So he's pushing 18 00:01:02,240 --> 00:01:05,080 Speaker 3: for the company to list here in the US, to 19 00:01:05,080 --> 00:01:08,000 Speaker 3: come off the Amsterdam Stock Exchange, to list at the 20 00:01:08,040 --> 00:01:09,880 Speaker 3: New York Stock Exchange, and he would do this through 21 00:01:09,920 --> 00:01:12,600 Speaker 3: sort of a complex deal through a spac with his 22 00:01:12,640 --> 00:01:16,839 Speaker 3: own company. So we've got shares of Universal Music Group 23 00:01:17,120 --> 00:01:20,679 Speaker 3: a hire on this proposal. Because it is a premium 24 00:01:20,680 --> 00:01:24,119 Speaker 3: of seventy eight percent to the company's closing share price yesterday, 25 00:01:24,240 --> 00:01:29,000 Speaker 3: this deal would value Universal at about sixty five billion dollars. 26 00:01:29,040 --> 00:01:30,760 Speaker 3: So we'll see if what happens. He did though, he 27 00:01:30,800 --> 00:01:32,880 Speaker 3: already proposed names of who he wants to run it. 28 00:01:33,000 --> 00:01:38,639 Speaker 3: Michael Ovitz, remember him, got he's still around president, former president, 29 00:01:38,720 --> 00:01:41,039 Speaker 3: chairman of Disney. He's saying that he would like him 30 00:01:41,080 --> 00:01:43,360 Speaker 3: to help run Universal Music. 31 00:01:43,440 --> 00:01:45,760 Speaker 4: I mean, the problem with these I've covered these companies 32 00:01:45,760 --> 00:01:48,480 Speaker 4: as public companies, these music companies. Nobody knows how to 33 00:01:48,520 --> 00:01:51,280 Speaker 4: value them, and they just languish and they languish, and 34 00:01:51,360 --> 00:01:53,000 Speaker 4: they're just not very public anties. 35 00:01:53,040 --> 00:01:58,600 Speaker 1: They're just not run, I would suggest, respectfully. Yeah, they're 36 00:01:58,640 --> 00:02:01,880 Speaker 1: not run like a business. There's lots of egos involved 37 00:02:01,960 --> 00:02:03,680 Speaker 1: in you know the rest. 38 00:02:04,160 --> 00:02:07,400 Speaker 4: But my sister worked at Universal Music Group. She had 39 00:02:07,440 --> 00:02:08,920 Speaker 4: George Gershwin's piano in her office. 40 00:02:08,919 --> 00:02:10,480 Speaker 3: I was pretty Oh, that's pretty cool. So I think 41 00:02:10,520 --> 00:02:12,840 Speaker 3: I think the perks must be I'd hope they're cool. 42 00:02:13,000 --> 00:02:15,960 Speaker 4: Yeah, it is and they but they chronically underpay people 43 00:02:16,000 --> 00:02:18,200 Speaker 4: because an other people are just dying to work there. 44 00:02:18,400 --> 00:02:18,560 Speaker 2: Well. 45 00:02:18,560 --> 00:02:20,400 Speaker 3: Also a lot of the artists, how are they getting 46 00:02:20,440 --> 00:02:22,560 Speaker 3: paid right cents on the dollar for what they stream? 47 00:02:22,720 --> 00:02:25,720 Speaker 3: It's it's interesting to see where the music where the 48 00:02:25,720 --> 00:02:30,000 Speaker 3: money flows in these companies. I do Broadcom up three 49 00:02:30,040 --> 00:02:32,960 Speaker 3: point three percent, up one hundred and four percent in 50 00:02:33,000 --> 00:02:36,160 Speaker 3: the past year. Why, it's a chip company that's helping 51 00:02:36,200 --> 00:02:39,600 Speaker 3: to power AI. So today it's agreed to produce future 52 00:02:39,680 --> 00:02:42,720 Speaker 3: versions of AI chips for Google. It also signed an 53 00:02:42,760 --> 00:02:45,760 Speaker 3: expanded deal with Anthropic that's going to give the startup 54 00:02:45,800 --> 00:02:47,960 Speaker 3: access to three and a half a gigawatts worth of 55 00:02:48,000 --> 00:02:51,280 Speaker 3: computing capacity. And on top of all that, it's also 56 00:02:52,040 --> 00:02:56,639 Speaker 3: doing a deal with anthropics rival open Ai. By the way, 57 00:02:56,680 --> 00:02:59,640 Speaker 3: anthropics popularity has soared this year. I mean, we've all 58 00:02:59,680 --> 00:03:02,640 Speaker 3: seen it happen, right. It's Claude app has now become 59 00:03:02,680 --> 00:03:06,639 Speaker 3: the top free US app listed in the Apple Maybe. 60 00:03:07,560 --> 00:03:09,720 Speaker 1: Singh just said that you shut up to them, do Claude? 61 00:03:09,720 --> 00:03:12,800 Speaker 1: And I sort of kind of like, haven't. I'm the 62 00:03:12,840 --> 00:03:13,720 Speaker 1: only one who hasn't. 63 00:03:14,120 --> 00:03:16,520 Speaker 3: And then Broadcom it's not giving a dollar amount on 64 00:03:16,600 --> 00:03:18,600 Speaker 3: what these deals might mean for its bottom line, But 65 00:03:18,960 --> 00:03:21,480 Speaker 3: Mizuho did some of the math and they think that 66 00:03:21,600 --> 00:03:24,120 Speaker 3: Broadcom could pick up twenty one billion dollars in a 67 00:03:24,280 --> 00:03:28,040 Speaker 3: high revenue from Anthropic alone this year and forty two 68 00:03:28,160 --> 00:03:30,040 Speaker 3: billion in twenty twenty seven. 69 00:03:30,080 --> 00:03:32,640 Speaker 4: So these are where these numbers come from. But I 70 00:03:32,639 --> 00:03:35,200 Speaker 4: don't know, all right. I mean, man deep singing is 71 00:03:35,200 --> 00:03:37,600 Speaker 4: that he's like his coverage is just large numbers. Only 72 00:03:37,680 --> 00:03:39,040 Speaker 4: covers is large numbers. 73 00:03:39,320 --> 00:03:41,440 Speaker 3: You know what else we see eye popping numbers are 74 00:03:41,520 --> 00:03:45,360 Speaker 3: healthcare system people are healthcare system. So shares of Humana 75 00:03:45,520 --> 00:03:48,200 Speaker 3: jumping ten percent today, but it's not alone because the 76 00:03:48,240 --> 00:03:52,160 Speaker 3: whole sector, including pharma, is moving higher. CBS up seven percent, 77 00:03:52,280 --> 00:03:55,120 Speaker 3: senteen up four percent, and on and on. This is 78 00:03:55,160 --> 00:03:57,840 Speaker 3: because the federal government now says it's going to pay 79 00:03:57,880 --> 00:04:02,240 Speaker 3: insurers in the Medicare program. And increase of two point 80 00:04:02,440 --> 00:04:05,440 Speaker 3: four percent might not sound like a lot, but compared 81 00:04:05,480 --> 00:04:06,960 Speaker 3: to when they were going to offer them, which was 82 00:04:07,040 --> 00:04:10,000 Speaker 3: basically nothing like a flat increase, this is seen as 83 00:04:10,000 --> 00:04:11,200 Speaker 3: a big deal for these companies. 84 00:04:12,320 --> 00:04:16,560 Speaker 2: This stockmover's report from Bloomberg Radio. Check back with us 85 00:04:16,560 --> 00:04:19,359 Speaker 2: throughout the day for the latest roundup of companies making 86 00:04:19,440 --> 00:04:23,080 Speaker 2: news on Wall Street and for the latest market moving headlines. 87 00:04:23,279 --> 00:04:27,279 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 88 00:04:27,320 --> 00:04:30,400 Speaker 2: dot com, and on Applecarplay and Android Auto with the 89 00:04:30,440 --> 00:04:31,799 Speaker 2: Bloomberg Business app.