Metsera Tumbles After Novo Pulls Out of Bidding War With Pfizer

Metsera Tumbles After Novo Pulls Out of Bidding War With Pfizer

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

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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Episoder(3354)

Dick’s Projects Sales Growth at Namesake Stores, Foot Locker

Dick’s Projects Sales Growth at Namesake Stores, Foot Locker

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Nvidia Invests $2 Billion in Nebius for New Data Center Deal

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Ackman’s Pershing Square Seeks Up to $10 Billion in NYSE IPO

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10 Mar 17min

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Live Nation Reaches DOJ Settlement in Antitrust Case

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9 Mar 22min

BlackRock’s $26 Billion Private Credit Fund Limits Withdrawls

BlackRock’s $26 Billion Private Credit Fund Limits Withdrawls

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6 Mar 20min

Morgan Stanley Cuts Jobs Across All of Its Business Lines

Morgan Stanley Cuts Jobs Across All of Its Business Lines

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Market news and in-depth company research.Bloomberg Intelligence hosted by Paul Sweeney and Isabelle Lee-Herman Chan, Senior Ana...

5 Mar 24min

CrowdStrike Issues Sales Outlook Meeting Wall Street Views

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4 Mar 23min

Target Surprises With Upbeat Forecast on Improving Demand

Target Surprises With Upbeat Forecast on Improving Demand

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