WEBVTT - Eli Lilly Gains on Experimental Shot, Gemini Space Station Rises, Oracle Sinks on 3Q Forecast

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Jim Steneveec along with Carol Master. Let's take a

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<v Speaker 1>look at some stocks on the move today with us

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<v Speaker 1>as Bloomberg News Cross Asset reporter Isabel Lee. Isabelle. A

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<v Speaker 1>lot of stocks moving today. One to the upside, Eli Lilly.

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<v Speaker 3>We have to talk about Eli Lilly. So the stock

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<v Speaker 3>was hired by around three percent. Now it's paired by

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<v Speaker 3>some of those games, but still up by one and

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<v Speaker 3>a half percent. So investors are cheering a next generation

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<v Speaker 3>obesity shot that helps patients lose as much as twenty

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<v Speaker 3>three percent of their body weights a lot. I know,

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<v Speaker 3>I was computing in my head and I was like,

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<v Speaker 3>that is a lot.

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<v Speaker 4>It's a lot.

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<v Speaker 3>No matter how much you weigh, that is a lot. Yeah,

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<v Speaker 3>And this could potentially make the experimental drug the most

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<v Speaker 3>potent weight loss medicine yet. So patients on the highest

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<v Speaker 3>dose of the drug lost nearly a quarter over the

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<v Speaker 3>weight in sixty eight weeks, so that's more than a year.

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<v Speaker 3>And the study participants experience a sixty two percent reduction

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<v Speaker 3>in knee pain. And I was talking to an author

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<v Speaker 3>of the story at Madison Muller and I was telling

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<v Speaker 3>her that, you know, when you think about weight loss,

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<v Speaker 3>people usually associated with superficiality or looks, but it actually

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<v Speaker 3>really helps people who have medical problems, and it can

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<v Speaker 3>help you with your lifestyle improvement and just overall make

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<v Speaker 3>you healthier. And why is this a big deal Because

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<v Speaker 3>the obesity market is expected to hit around one hundred

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<v Speaker 3>billion dollars by twenty thirty, which is massive.

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<v Speaker 4>I mean, listen, we have just talked about how overweight

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<v Speaker 4>the American population is and diabetes. How many Americans are

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<v Speaker 4>either pre diabetic or diabetic. It's a large proportion, I

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<v Speaker 4>want to say, like forty or fifty percent of our

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<v Speaker 4>population easily. And so if you think about what this

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<v Speaker 4>can do in terms of for some people who are

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<v Speaker 4>having a hard time losing weight who are diabetic, this

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<v Speaker 4>can be a game changer. And we kid with madisone

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<v Speaker 4>all the time, like is this the drug that's going

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<v Speaker 4>to fix all that ailss? But it kind of gets

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<v Speaker 4>down to that point that it being overweight is I

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<v Speaker 4>know it's hard for some people in terms of weight management.

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<v Speaker 4>But it is a much healthier thing to be is

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<v Speaker 4>not be overweight.

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<v Speaker 3>Yes, the ticker is Lly and the company's shot that

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<v Speaker 3>zep bound is alth I did a most popular But

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<v Speaker 3>of course Lily is trying to develop and raising develop

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<v Speaker 3>drugs that are more effective, and the competition there is

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<v Speaker 3>also intense.

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<v Speaker 1>I was looking at Yeah, what are you looking at?

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<v Speaker 4>Over thirty eight million Americans have diabetes roughly one intent.

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<v Speaker 4>So it's not maybe.

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<v Speaker 3>Look up good job. That's a lot of.

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<v Speaker 4>Silly little thing called Google.

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<v Speaker 3>Yeah, not chat, GPTWO.

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<v Speaker 1>No, I didn't get there. I didn't get there.

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<v Speaker 4>But it says over one point three billion. This is

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<v Speaker 4>a Bloomberg story. Actually this is a couple of years ago.

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<v Speaker 4>Over one point three billion globally will have diabetes by

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<v Speaker 4>twenty to fifty. So that's a lot of folks. All right,

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<v Speaker 4>So Eli, Lilly a gainer.

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<v Speaker 1>What about Gemini space station the fintech firm.

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<v Speaker 3>This is a big gainer up by twenty five percent.

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<v Speaker 3>So Gemini, when you think about it, where you're a

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<v Speaker 3>crypto show, why oh nothing.

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<v Speaker 4>Because I have to do gainers. But I should have

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<v Speaker 4>done this one anyway, Go.

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<v Speaker 3>Ahead and Carol, it's twenty five percent.

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<v Speaker 1>You get to say Gemini space station exactly.

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<v Speaker 3>So, Tim, who is the crypto show, you would know

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<v Speaker 3>that when you hear Gemini, you think it's like a

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<v Speaker 3>crypto exchange. But then no, of course they're trying to

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<v Speaker 3>also muscle their way into the fast moving field of

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<v Speaker 3>prediction markets.

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<v Speaker 1>I knew you were going to say that they can't.

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<v Speaker 3>They their application for a derivative exchange was approved better

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<v Speaker 3>c of TC, so now they're clearly expanding and according

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<v Speaker 3>to their website, it will allow soon existing u AS

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<v Speaker 3>customers to trade events contract And this is interesting because

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<v Speaker 3>increasingly cryptonated firms like poly market have been straddling digital

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<v Speaker 3>assets prediction markets. Now a lot are trying to do both,

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<v Speaker 3>and many firms have really expressed interest in this.

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<v Speaker 1>I want to know when they're going to build the

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<v Speaker 1>space station.

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<v Speaker 4>Yspace station ticker g E M I why are they

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<v Speaker 4>Semini space station?

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<v Speaker 1>I still think of it as being called Gemini, but

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<v Speaker 1>the official name is Gemini Space winkle loss.

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<v Speaker 3>Yeah, right, some people should winkle y because it's the

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<v Speaker 3>plural of winkle monkele pize.

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<v Speaker 4>Can I just say forty two percent of the float

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<v Speaker 4>is short on this puppy. Oh, so that's a little

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<v Speaker 4>bit of negative since just gonna put that out there,

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<v Speaker 4>even though it's flying high today, Oracle not flying high today.

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<v Speaker 3>Not flying high. Down by ten percent, that's I think

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<v Speaker 3>the most since at least January, erasing more than one

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<v Speaker 3>hundred billion dollars in market value, and at one point

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<v Speaker 3>was on track to close with its steepest one day

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<v Speaker 3>drop since two thousand and one.

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<v Speaker 4>It's a long time twenty four years ago.

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<v Speaker 3>So again this comes after, of course, the company said

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<v Speaker 3>that its capital expenditure is about to reach fifty billion

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<v Speaker 3>dollars by the end of the fiscal year ending in

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<v Speaker 3>May twenty twenty six. Annual revenue will be around sixty

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<v Speaker 3>seven billion dollars. So this is interesting because again it's

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<v Speaker 3>like AI hopes and dreams. I've talked to some analysts

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<v Speaker 3>and they were like, Oracle gave investors everything they want

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<v Speaker 3>on paper, but of course you still hope for more

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<v Speaker 3>and more. And cloud sales increased Acid revenue, but both

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<v Speaker 3>fell short of estimates, and the latest support just really

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<v Speaker 3>makes you think of the reversal fortunes of Oracle, which

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<v Speaker 3>earlier this year was just having a blistering rally. Remember

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<v Speaker 3>its co founder Larry Ellison was at one point the

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<v Speaker 3>richest men Honors, richer than Elon Musk. Yeah, but now

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<v Speaker 3>we're seeing shares down by ten percent. Ticker is ourcl.

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