1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,800 Speaker 1: I'm Jim Steneveec along with Carol Master. Let's take a 5 00:00:18,800 --> 00:00:20,800 Speaker 1: look at some stocks on the move today with us 6 00:00:20,800 --> 00:00:24,159 Speaker 1: as Bloomberg News Cross Asset reporter Isabel Lee. Isabelle. A 7 00:00:24,160 --> 00:00:27,480 Speaker 1: lot of stocks moving today. One to the upside, Eli Lilly. 8 00:00:27,840 --> 00:00:30,000 Speaker 3: We have to talk about Eli Lilly. So the stock 9 00:00:30,120 --> 00:00:32,440 Speaker 3: was hired by around three percent. Now it's paired by 10 00:00:32,520 --> 00:00:34,159 Speaker 3: some of those games, but still up by one and 11 00:00:34,200 --> 00:00:37,440 Speaker 3: a half percent. So investors are cheering a next generation 12 00:00:37,560 --> 00:00:40,960 Speaker 3: obesity shot that helps patients lose as much as twenty 13 00:00:41,000 --> 00:00:42,839 Speaker 3: three percent of their body weights a lot. I know, 14 00:00:42,880 --> 00:00:44,479 Speaker 3: I was computing in my head and I was like, 15 00:00:44,560 --> 00:00:45,320 Speaker 3: that is a lot. 16 00:00:45,440 --> 00:00:46,120 Speaker 4: It's a lot. 17 00:00:46,280 --> 00:00:48,520 Speaker 3: No matter how much you weigh, that is a lot. Yeah, 18 00:00:48,600 --> 00:00:51,720 Speaker 3: And this could potentially make the experimental drug the most 19 00:00:51,760 --> 00:00:54,880 Speaker 3: potent weight loss medicine yet. So patients on the highest 20 00:00:54,920 --> 00:00:56,600 Speaker 3: dose of the drug lost nearly a quarter over the 21 00:00:56,640 --> 00:00:59,440 Speaker 3: weight in sixty eight weeks, so that's more than a year. 22 00:01:00,400 --> 00:01:03,480 Speaker 3: And the study participants experience a sixty two percent reduction 23 00:01:03,520 --> 00:01:05,600 Speaker 3: in knee pain. And I was talking to an author 24 00:01:05,720 --> 00:01:07,559 Speaker 3: of the story at Madison Muller and I was telling 25 00:01:07,560 --> 00:01:09,080 Speaker 3: her that, you know, when you think about weight loss, 26 00:01:09,080 --> 00:01:14,080 Speaker 3: people usually associated with superficiality or looks, but it actually 27 00:01:14,200 --> 00:01:17,240 Speaker 3: really helps people who have medical problems, and it can 28 00:01:17,280 --> 00:01:20,440 Speaker 3: help you with your lifestyle improvement and just overall make 29 00:01:20,520 --> 00:01:23,080 Speaker 3: you healthier. And why is this a big deal Because 30 00:01:23,080 --> 00:01:25,479 Speaker 3: the obesity market is expected to hit around one hundred 31 00:01:25,520 --> 00:01:28,440 Speaker 3: billion dollars by twenty thirty, which is massive. 32 00:01:28,640 --> 00:01:32,280 Speaker 4: I mean, listen, we have just talked about how overweight 33 00:01:32,360 --> 00:01:35,760 Speaker 4: the American population is and diabetes. How many Americans are 34 00:01:35,800 --> 00:01:39,560 Speaker 4: either pre diabetic or diabetic. It's a large proportion, I 35 00:01:39,600 --> 00:01:41,440 Speaker 4: want to say, like forty or fifty percent of our 36 00:01:41,720 --> 00:01:45,679 Speaker 4: population easily. And so if you think about what this 37 00:01:45,800 --> 00:01:48,600 Speaker 4: can do in terms of for some people who are 38 00:01:48,600 --> 00:01:51,280 Speaker 4: having a hard time losing weight who are diabetic, this 39 00:01:51,360 --> 00:01:53,320 Speaker 4: can be a game changer. And we kid with madisone 40 00:01:53,320 --> 00:01:55,040 Speaker 4: all the time, like is this the drug that's going 41 00:01:55,080 --> 00:01:57,440 Speaker 4: to fix all that ailss? But it kind of gets 42 00:01:57,440 --> 00:02:00,520 Speaker 4: down to that point that it being overweight is I 43 00:02:00,560 --> 00:02:02,800 Speaker 4: know it's hard for some people in terms of weight management. 44 00:02:02,920 --> 00:02:07,000 Speaker 4: But it is a much healthier thing to be is 45 00:02:07,080 --> 00:02:07,920 Speaker 4: not be overweight. 46 00:02:08,000 --> 00:02:10,480 Speaker 3: Yes, the ticker is Lly and the company's shot that 47 00:02:10,600 --> 00:02:12,600 Speaker 3: zep bound is alth I did a most popular But 48 00:02:12,680 --> 00:02:15,600 Speaker 3: of course Lily is trying to develop and raising develop 49 00:02:15,639 --> 00:02:17,679 Speaker 3: drugs that are more effective, and the competition there is 50 00:02:17,720 --> 00:02:18,480 Speaker 3: also intense. 51 00:02:19,440 --> 00:02:21,240 Speaker 1: I was looking at Yeah, what are you looking at? 52 00:02:21,880 --> 00:02:24,960 Speaker 4: Over thirty eight million Americans have diabetes roughly one intent. 53 00:02:25,080 --> 00:02:26,080 Speaker 4: So it's not maybe. 54 00:02:26,200 --> 00:02:28,120 Speaker 3: Look up good job. That's a lot of. 55 00:02:28,280 --> 00:02:29,520 Speaker 4: Silly little thing called Google. 56 00:02:29,880 --> 00:02:32,080 Speaker 3: Yeah, not chat, GPTWO. 57 00:02:32,560 --> 00:02:34,520 Speaker 1: No, I didn't get there. I didn't get there. 58 00:02:35,440 --> 00:02:37,440 Speaker 4: But it says over one point three billion. This is 59 00:02:37,440 --> 00:02:39,760 Speaker 4: a Bloomberg story. Actually this is a couple of years ago. 60 00:02:39,919 --> 00:02:42,960 Speaker 4: Over one point three billion globally will have diabetes by 61 00:02:42,960 --> 00:02:45,320 Speaker 4: twenty to fifty. So that's a lot of folks. All right, 62 00:02:45,360 --> 00:02:46,720 Speaker 4: So Eli, Lilly a gainer. 63 00:02:46,960 --> 00:02:49,560 Speaker 1: What about Gemini space station the fintech firm. 64 00:02:49,960 --> 00:02:53,480 Speaker 3: This is a big gainer up by twenty five percent. 65 00:02:53,880 --> 00:02:55,600 Speaker 3: So Gemini, when you think about it, where you're a 66 00:02:55,639 --> 00:02:59,280 Speaker 3: crypto show, why oh nothing. 67 00:02:59,080 --> 00:03:00,800 Speaker 4: Because I have to do gainers. But I should have 68 00:03:00,800 --> 00:03:01,680 Speaker 4: done this one anyway, Go. 69 00:03:01,639 --> 00:03:04,680 Speaker 3: Ahead and Carol, it's twenty five percent. 70 00:03:04,600 --> 00:03:07,000 Speaker 1: You get to say Gemini space station exactly. 71 00:03:07,160 --> 00:03:09,320 Speaker 3: So, Tim, who is the crypto show, you would know 72 00:03:09,360 --> 00:03:11,200 Speaker 3: that when you hear Gemini, you think it's like a 73 00:03:11,200 --> 00:03:13,920 Speaker 3: crypto exchange. But then no, of course they're trying to 74 00:03:13,960 --> 00:03:16,200 Speaker 3: also muscle their way into the fast moving field of 75 00:03:16,240 --> 00:03:17,000 Speaker 3: prediction markets. 76 00:03:17,040 --> 00:03:18,640 Speaker 1: I knew you were going to say that they can't. 77 00:03:18,880 --> 00:03:22,519 Speaker 3: They their application for a derivative exchange was approved better 78 00:03:22,600 --> 00:03:25,880 Speaker 3: c of TC, so now they're clearly expanding and according 79 00:03:25,880 --> 00:03:28,359 Speaker 3: to their website, it will allow soon existing u AS 80 00:03:28,360 --> 00:03:31,680 Speaker 3: customers to trade events contract And this is interesting because 81 00:03:31,720 --> 00:03:36,080 Speaker 3: increasingly cryptonated firms like poly market have been straddling digital 82 00:03:36,120 --> 00:03:40,040 Speaker 3: assets prediction markets. Now a lot are trying to do both, 83 00:03:40,080 --> 00:03:42,880 Speaker 3: and many firms have really expressed interest in this. 84 00:03:43,000 --> 00:03:44,160 Speaker 1: I want to know when they're going to build the 85 00:03:44,160 --> 00:03:44,920 Speaker 1: space station. 86 00:03:46,480 --> 00:03:49,240 Speaker 4: Yspace station ticker g E M I why are they 87 00:03:49,520 --> 00:03:50,360 Speaker 4: Semini space station? 88 00:03:50,400 --> 00:03:51,960 Speaker 1: I still think of it as being called Gemini, but 89 00:03:51,960 --> 00:04:00,480 Speaker 1: the official name is Gemini Space winkle loss. 90 00:03:58,200 --> 00:04:00,520 Speaker 3: Yeah, right, some people should winkle y because it's the 91 00:04:00,560 --> 00:04:02,400 Speaker 3: plural of winkle monkele pize. 92 00:04:02,920 --> 00:04:04,760 Speaker 4: Can I just say forty two percent of the float 93 00:04:04,800 --> 00:04:08,480 Speaker 4: is short on this puppy. Oh, so that's a little 94 00:04:08,480 --> 00:04:10,760 Speaker 4: bit of negative since just gonna put that out there, 95 00:04:11,160 --> 00:04:15,240 Speaker 4: even though it's flying high today, Oracle not flying high today. 96 00:04:15,040 --> 00:04:17,719 Speaker 3: Not flying high. Down by ten percent, that's I think 97 00:04:17,760 --> 00:04:20,279 Speaker 3: the most since at least January, erasing more than one 98 00:04:20,360 --> 00:04:23,159 Speaker 3: hundred billion dollars in market value, and at one point 99 00:04:23,360 --> 00:04:25,960 Speaker 3: was on track to close with its steepest one day 100 00:04:26,040 --> 00:04:27,960 Speaker 3: drop since two thousand and one. 101 00:04:27,960 --> 00:04:29,839 Speaker 4: It's a long time twenty four years ago. 102 00:04:30,040 --> 00:04:32,240 Speaker 3: So again this comes after, of course, the company said 103 00:04:32,279 --> 00:04:34,760 Speaker 3: that its capital expenditure is about to reach fifty billion 104 00:04:34,800 --> 00:04:36,839 Speaker 3: dollars by the end of the fiscal year ending in 105 00:04:36,880 --> 00:04:39,839 Speaker 3: May twenty twenty six. Annual revenue will be around sixty 106 00:04:39,839 --> 00:04:42,680 Speaker 3: seven billion dollars. So this is interesting because again it's 107 00:04:42,760 --> 00:04:45,600 Speaker 3: like AI hopes and dreams. I've talked to some analysts 108 00:04:45,640 --> 00:04:47,960 Speaker 3: and they were like, Oracle gave investors everything they want 109 00:04:48,000 --> 00:04:50,600 Speaker 3: on paper, but of course you still hope for more 110 00:04:50,640 --> 00:04:53,919 Speaker 3: and more. And cloud sales increased Acid revenue, but both 111 00:04:54,040 --> 00:04:56,960 Speaker 3: fell short of estimates, and the latest support just really 112 00:04:57,000 --> 00:05:00,000 Speaker 3: makes you think of the reversal fortunes of Oracle, which 113 00:05:00,080 --> 00:05:02,799 Speaker 3: earlier this year was just having a blistering rally. Remember 114 00:05:03,120 --> 00:05:05,479 Speaker 3: its co founder Larry Ellison was at one point the 115 00:05:05,600 --> 00:05:09,440 Speaker 3: richest men Honors, richer than Elon Musk. Yeah, but now 116 00:05:09,560 --> 00:05:13,800 Speaker 3: we're seeing shares down by ten percent. Ticker is ourcl. 117 00:05:14,920 --> 00:05:18,960 Speaker 2: The stock moover's report from Bloomberg Radio. Check back with 118 00:05:19,040 --> 00:05:21,600 Speaker 2: us throughout the day for the latest roundup of companies 119 00:05:21,680 --> 00:05:24,800 Speaker 2: making news on Wall Street and for the latest market 120 00:05:24,800 --> 00:05:29,279 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 121 00:05:29,360 --> 00:05:32,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 122 00:05:32,960 --> 00:05:34,440 Speaker 2: the Bloomberg Business app.