Metsera Tumbles After Novo Pulls Out of Bidding War With Pfizer

Metsera Tumbles After Novo Pulls Out of Bidding War With Pfizer

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals, discusses Metsera declining to further raise its offer for the US maker of an experimental weight-loss drug, bringing a bidding war with Pfizer Inc. to an end. Novo Nordisk A/S decided to drop out of the running for Metsera after Pfizer matched its latest offer and Metsera said it got a call from the US Federal Trade Commission flagging potential regulatory risks with the proposed Novo deal structure.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the top tech stories. Taiwan Semiconductor Manufacturing Co. reported a 16.9% rise in sales for October, the slowest pace since February 2024. Separately, Nvidia Corp. Chief Executive Officer Jensen Huang said he had asked Taiwan Semiconductor Manufacturing Co. for more chip supplies as artificial intelligence demand remains strong.

-Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses Tyson Foods saying it expects profits to be little changed next year as its beef segment continues to lose money. The company's beef segment is expected to see an adjusted operating loss due to a severe cattle shortage that has driven up prices and constrained volumes.

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McEnearney's Howell on Urban Housing Shift Back to D.C. (Audio)

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Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

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Dennis Gartman: Negative Population Growth Is Problem (Audio)

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Alexandria City Manager Jinks on The City of Millenials (Audio)

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Bloomberg's Barker on Upcoming Net Neutrality Decision (Audio)

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(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: Brad Barker, Senior Government Analyst for Bloomberg Intelligence, on the impending court decision on net neutrality.See omnystudio.com/listener for privacy information.

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Bloomberg's Weixel on House Bill to Combat Zika Virus (Audio)

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Amplify's Magoon Says Online Retail Can Double or Triple(Audio)

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Kimpton's Hurlburt on Renovated Morrison House Hotel (Audio)

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