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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some of the movers on

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Speaker 1: this Thursday with us as Bloomberg News cross at reporter

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Speaker 1: Emily Graffeo, Emily, Eli Lilly, that's the first name you

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Speaker 1: have for us in this one really selling off today.

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Speaker 3: Yeah, it was down as much as twelve percent.

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Speaker 4: It's paired some of those losses, but it's still down

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Speaker 4: right now about ten percent. They had earnings, so they

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Speaker 4: cut their full year earnings outlook. But I think what's

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Speaker 4: capturing actually more attention is that CBS is dropping their

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Speaker 4: zep bound weight loss drug from their list of preferred drugs.

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Speaker 4: And this is really a blow to Eli Lilly because

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Speaker 4: they negotiated a deal with one of their top competitors,

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Speaker 4: Novo Nordisk, and they're now going to make Novo's wagov

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Speaker 4: more widely available to those CBS members. So this is

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Speaker 4: not a good day to be long Eli Lilly, but

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Speaker 4: good for Novo.

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Speaker 1: I don't feel like the back and forth with these drugs.

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Speaker 1: You kind of see this right as different things, different developments,

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Speaker 1: and some of them you know you'll see gaining the clining.

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Speaker 3: It just kind of moves around.

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Speaker 5: Well, there's this like price war going on.

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Speaker 6: I mean, earlier this week, Novo reached this deal with

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Speaker 6: Hymns and Hers along with two other telehealth providers, to

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Speaker 6: sell a month supply of we govy starting at four

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Speaker 6: hundred ninety nine dollars, that's before subscription fees. Lily announced

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Speaker 6: an expanded partnership with Weight Watchers on April twenty ninth

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Speaker 6: that was at at reaching customers who are looking for

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Speaker 6: lower cost treatment options. So there's a lot of back

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Speaker 6: and forth in the space.

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Speaker 4: Yeah, Novo actually was up as much as three point

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Speaker 4: five percent today. It's in the red now, which is

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Speaker 4: interesting because earlier in the trading session it was very

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Speaker 4: clear like this is good.

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Speaker 3: For Elay Lily, this is bad for Novo.

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Speaker 4: Healthcare is the worst performing sector in the S and

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Speaker 4: P five hundred today, so just broadly that sector's lower.

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Speaker 1: All right, Let's talk about another one that is definitely

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Speaker 1: selling off as well, Qualcom.

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Speaker 4: Okay, so Qualcomm shares are falling. The chip maker gave

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Speaker 4: a tepid revenue forecast. It actually wasn't that bad. I

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Speaker 4: mean they said revenue will be nine point nine billion

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Speaker 4: to ten point seven billion, with the midpoint of that

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Speaker 4: range is actually below the estimates, which were ten point

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Speaker 4: three to three So, I mean, we're just talking numbers here.

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Speaker 4: But they are the biggest maker of chips that run smartphones.

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Speaker 4: So there's a lot of focus on Qualcomm amid the

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Speaker 4: trade war. We have Apple earnings coming up. I imagine

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Speaker 4: we'll be focusing on this as well, like just how

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Speaker 4: much is this company going to be affected by tariffs

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Speaker 4: and global trade?

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Speaker 3: So, yeah, that's in focus right now.

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Speaker 6: Okay, In a name that's not necessarily a tech name,

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Speaker 6: but one that's getting a lot of attention right now,

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Speaker 6: Carrier Global is on your radar.

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Speaker 4: Yeah. I had to flag this because the headline today

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Speaker 4: Carrier Global mitigates tariffs helped by price increases. They said

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Speaker 4: in their on a call with investors they're fully mitigating

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Speaker 4: tariff exposure through essentially raising prices. I hadn't heard of

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Speaker 4: this company, but it's it's fairly large. It's sixty sixty

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Speaker 4: in market cap. They manufacture HVAC equipment, and I guess

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Speaker 4: they've figured out a way to mitigate that that terraff response.

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Speaker 4: But like it's at the it's good for the shareholders,

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Speaker 4: it's good for the stock price. But now for all

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Speaker 4: the customers that have to buy these hvacs, you know,

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Speaker 4: equipment parts, they have.

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Speaker 5: To well, essentially say more.

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Speaker 6: It's a company that has pricing power, right, I mean

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Speaker 6: thinking about it in the context of other companies and

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Speaker 6: how they're dealing with UH passing along these prices. If

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Speaker 6: they do find price increases, do they pass them on

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Speaker 6: to the consumer? Do they absorb them? It depends on

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Speaker 6: what you're selling.

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Speaker 1: I mean, the CEO said, right, we're fully mitigating our

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Speaker 1: tarraff exposure through supply chain and productivity actions with the

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Speaker 1: balance of about three hundred million dollars via price. So

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Speaker 1: it sounds like they've got multiple approaches where they are

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Speaker 1: able to do things.

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Speaker 3: You know, and make it and make it work.

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Speaker 4: Yeah, I mean, they raise their earnings outlook for the year.

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Speaker 4: The stock was down about eight percent through the year,

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Speaker 4: but right now it's it's much higher. Let's see, so.

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Speaker 3: I'm just getting it to load now up.

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Speaker 4: Twelve percent, highest jump, biggest jump since April twenty twenty.

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Speaker 1: Yeah, and it's up about three percent year to date. Yeah,

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Speaker 1: I think that's kind of interesting. No offense, but I

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Speaker 1: need my air conditioning.

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Speaker 5: Everybody does in the United States, it gets called that

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Speaker 5: is one.

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Speaker 6: Of the narratives that we've talked about, Carol, that has

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Speaker 6: emerged in recent years is the idea of these climate

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Speaker 6: control companies, right, that you indoor climate control.

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Speaker 5: Yeah, like that's you know, that's.

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Speaker 6: Not discretionary, right, That's something that's a necessity, especially as

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Speaker 6: different parts of the world get warmer.

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Speaker 3: Yeah.

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Speaker 4: I mean in high school when I was trying to

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Speaker 4: save on gas, I would definitely just keep the windows

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Speaker 4: down in the car instead of turning the air conditioning on.

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Speaker 4: But yeah, I would say it's somewhat of a consumer stable.

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Speaker 3: Here's you a lot crazy?

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Speaker 5: What about your apartment in the summer?

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Speaker 3: The air conditioning songs are?

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Speaker 2: You know?

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Speaker 3: Yeah, I'm more respectable adult now.

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