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Stock's on the Move. I'm Charlie Pellett with a weekly roundup of some of the stocks are significant movements this week and joining us now Bloomberg's Natalia Keneshevich. Well, let's begin with Warner Brothers Discovery. It is the stock that keeps on giving in terms of business reporters. What were some of the big stories, some of the big news and indeed the big move involving w b D.
Yeah, so shares are down today by one point five percent on a weekly basis. They posted again of three point seven percent. So the latest news comes from the report of New York Post which is saying that Paramounts Guidance could walk away from its thirty dot dollars per share cash bit and instead could litigate against the company's
board for how it handled the process. People inside Paramounts Guidance alerged that directors and management ignored their six old cash offer for the company and favored Netflix's cash stock bits throughout the bidding process. So we have lots of news. Potentially we may hear more before the end of the year, but anyway, investors have until late January to make the final decision.
Indeed, Warner Brothers Discovery a year to date up one hundred seventy two percent. Well, some of the other stocks on significant moves. A company called Sable sooc on the ticker tell us a little bit about the news involving Sable.
Right, So the stock is down by thirteen percent today. However, earlier this week it posted a thirty six percent gain after US regulators issue an emergency special permit for the part of this contested California pipeline, basically paving the way for Sable Offshore to begin pumping crude at its offshore oil rigs. However, today Environmental Defense Center and Center for Biological Diversity filed an emergency motion to hold the restart
of this pipeline. Environmental groups are saying that westarting the pipeline system would invite another oil disaster on the Central Coast. So lots of moves in the stocks, and potentially we will see.
More, all right, and then from Sable over to in video always making news. And by the way, this stock up almost forty two percent year to date. What were some of the big news, some of the big stories, some of the big news surrounding in video.
Yeah, so in video is also up by five point three percent on a weekly basis, and this is the biggest gain since early October. So today we've learned that Nvidia is up after the chip maker agreed to a licensing deal with the AI startup Grock. Analysts are really positive on this news. So the company paid for the right to use Grogs technology and will integrate its chip design into future products. Some of the startup executives are
leaving to join Nvidia to help with that effort. Grock meanwhile, will continue as an independent company with a new CEO. The deal has received multiple positive, i would say commentaries from Wall Street analysts. For example, Bernstein is saying that the move appears strategic and nature for Nvidia is the leverage their increasingly powerful balance sheet to maintain dominance in
key assets. But it also seems to be more like a grab for technology in human capital by Nvidia rather than straight purchase.
All right, there you have it, Natalia Kenjevich, We thank you very much. Stocks on the move I'm Charlie Pellett, and this is Bloomberg.
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