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 stacks on the move today.
Speaker 3: Alexis Christophers, good morning. I want to start with a
Speaker 3: Universal Music Group because it's getting a lot of attention today.
Speaker 3: It is up nine percent right now. So billionaire activist
Speaker 3: Bill Ackman has proposed buying Universal Music Group now, just
Speaker 3: to put it in perspective, it's the world's largest music company,
Speaker 3: houses the likes of Taylor Swift, Drake Sabrina Carpenter, the Beatles,
Speaker 3: Bad Bunny, Yep. But for a long time now, Bill
Speaker 3: Ackman has said his Pershing Square Capital Management, which controls
Speaker 3: more than four and a half percent of Universal, has said, look,
Speaker 3: this stock is languishing, that's his word. It's lost more
Speaker 3: than a third of its value in the past couple
Speaker 3: of years. And he said that this hookup would actually
Speaker 3: help to address problems at the company. So he's pushing
Speaker 3: for the company to list here in the US, to
Speaker 3: come off the Amsterdam Stock Exchange, to list at the
Speaker 3: New York Stock Exchange, and he would do this through
Speaker 3: sort of a complex deal through a spac with his
Speaker 3: own company. So we've got shares of Universal Music Group
Speaker 3: a hire on this proposal. Because it is a premium
Speaker 3: of seventy eight percent to the company's closing share price yesterday,
Speaker 3: this deal would value Universal at about sixty five billion dollars.
Speaker 3: So we'll see if what happens. He did though, he
Speaker 3: already proposed names of who he wants to run it.
Speaker 3: Michael Ovitz, remember him, got he's still around president, former president,
Speaker 3: chairman of Disney. He's saying that he would like him
Speaker 3: to help run Universal Music.
Speaker 4: I mean, the problem with these I've covered these companies
Speaker 4: as public companies, these music companies. Nobody knows how to
Speaker 4: value them, and they just languish and they languish, and
Speaker 4: they're just not very public anties.
Speaker 1: They're just not run, I would suggest, respectfully. Yeah, they're
Speaker 1: not run like a business. There's lots of egos involved
Speaker 1: in you know the rest.
Speaker 4: But my sister worked at Universal Music Group. She had
Speaker 4: George Gershwin's piano in her office.
Speaker 3: I was pretty Oh, that's pretty cool. So I think
Speaker 3: I think the perks must be I'd hope they're cool.
Speaker 4: Yeah, it is and they but they chronically underpay people
Speaker 4: because an other people are just dying to work there.
Speaker 2: Well.
Speaker 3: Also a lot of the artists, how are they getting
Speaker 3: paid right cents on the dollar for what they stream?
Speaker 3: It's it's interesting to see where the music where the
Speaker 3: money flows in these companies. I do Broadcom up three
Speaker 3: point three percent, up one hundred and four percent in
Speaker 3: the past year. Why, it's a chip company that's helping
Speaker 3: to power AI. So today it's agreed to produce future
Speaker 3: versions of AI chips for Google. It also signed an
Speaker 3: expanded deal with Anthropic that's going to give the startup
Speaker 3: access to three and a half a gigawatts worth of
Speaker 3: computing capacity. And on top of all that, it's also
Speaker 3: doing a deal with anthropics rival open Ai. By the way,
Speaker 3: anthropics popularity has soared this year. I mean, we've all
Speaker 3: seen it happen, right. It's Claude app has now become
Speaker 3: the top free US app listed in the Apple Maybe.
Speaker 1: Singh just said that you shut up to them, do Claude?
Speaker 1: And I sort of kind of like, haven't. I'm the
Speaker 1: only one who hasn't.
Speaker 3: And then Broadcom it's not giving a dollar amount on
Speaker 3: what these deals might mean for its bottom line, But
Speaker 3: Mizuho did some of the math and they think that
Speaker 3: Broadcom could pick up twenty one billion dollars in a
Speaker 3: high revenue from Anthropic alone this year and forty two
Speaker 3: billion in twenty twenty seven.
Speaker 4: So these are where these numbers come from. But I
Speaker 4: don't know, all right. I mean, man deep singing is
Speaker 4: that he's like his coverage is just large numbers. Only
Speaker 4: covers is large numbers.
Speaker 3: You know what else we see eye popping numbers are
Speaker 3: healthcare system people are healthcare system. So shares of Humana
Speaker 3: jumping ten percent today, but it's not alone because the
Speaker 3: whole sector, including pharma, is moving higher. CBS up seven percent,
Speaker 3: senteen up four percent, and on and on. This is
Speaker 3: because the federal government now says it's going to pay
Speaker 3: insurers in the Medicare program. And increase of two point
Speaker 3: four percent might not sound like a lot, but compared
Speaker 3: to when they were going to offer them, which was
Speaker 3: basically nothing like a flat increase, this is seen as
Speaker 3: a big deal for these companies.
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