1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,160 Speaker 3: Time to take a look at some of the stocks 5 00:00:18,160 --> 00:00:21,160 Speaker 3: on the move today. We're joined by Bloomberg's Isabelle Lee. 6 00:00:21,280 --> 00:00:23,200 Speaker 3: It's a normal trading day today in the New York 7 00:00:23,160 --> 00:00:24,279 Speaker 3: Stock Exchange, right. 8 00:00:24,400 --> 00:00:28,440 Speaker 1: Absolutely, yes, normal, But the London Stock Market is closed, 9 00:00:28,440 --> 00:00:31,960 Speaker 1: so it's very quiet out there for boxing for the 10 00:00:32,000 --> 00:00:33,400 Speaker 1: whole world. Yes, boxing day. 11 00:00:33,800 --> 00:00:34,919 Speaker 3: Okay, that's quiet. 12 00:00:34,680 --> 00:00:35,360 Speaker 1: For the whole world. 13 00:00:35,760 --> 00:00:39,160 Speaker 3: Let's start with one of our favorite stocks here because 14 00:00:39,159 --> 00:00:43,680 Speaker 3: it's always the most active, in Vidia in the pre market. 15 00:00:43,880 --> 00:00:46,720 Speaker 1: In Vidia, Yes, this is a favorite. It's the world's 16 00:00:46,800 --> 00:00:52,159 Speaker 1: largest company. It's higher but maybe five one percent in 17 00:00:52,240 --> 00:00:55,320 Speaker 1: pre market trading. So they agreed to a licensing deal 18 00:00:55,360 --> 00:00:58,440 Speaker 1: with AI startup GROX. So this furthers and vidious investments 19 00:00:58,440 --> 00:01:02,160 Speaker 1: and companies connected to the AI boom. So the chip maker, 20 00:01:02,200 --> 00:01:03,920 Speaker 1: as we know, has paid for the right to use 21 00:01:03,960 --> 00:01:07,480 Speaker 1: GROS technology and will integrate its hip design into future products. 22 00:01:07,520 --> 00:01:10,200 Speaker 1: So some of the startups executives are leaving to join 23 00:01:10,280 --> 00:01:12,840 Speaker 1: in video to help with that effort. GROK will continue 24 00:01:12,880 --> 00:01:15,640 Speaker 1: us an independent company, but they will name a new CEO. 25 00:01:16,040 --> 00:01:18,520 Speaker 1: So in Vida's technology, as we know, already dominates data 26 00:01:18,560 --> 00:01:21,560 Speaker 1: centers and the popularity of their offerings really has just 27 00:01:21,600 --> 00:01:25,200 Speaker 1: made in Video the richest company in the chip industry. 28 00:01:25,240 --> 00:01:26,679 Speaker 1: So In Video said it will use some of that 29 00:01:26,760 --> 00:01:30,600 Speaker 1: cash to religious advance their uptake of AI across the economy. 30 00:01:30,640 --> 00:01:33,200 Speaker 1: So why Grock Because Grock has slow latency chips and 31 00:01:33,240 --> 00:01:36,959 Speaker 1: are extremely responsive to inputs. I'm going to pretend that 32 00:01:37,000 --> 00:01:38,000 Speaker 1: I really understand it. 33 00:01:38,280 --> 00:01:41,959 Speaker 3: Yes, okay, you'll explain that to me some other time. 34 00:01:42,560 --> 00:01:45,160 Speaker 3: I've never heard of this company. Is it Citus or 35 00:01:46,280 --> 00:01:47,680 Speaker 3: Citus Space? 36 00:01:48,200 --> 00:01:49,880 Speaker 1: I thought it was Citus and then I listened to 37 00:01:49,880 --> 00:01:52,160 Speaker 1: a video and it said Cidus when the video was 38 00:01:52,200 --> 00:01:55,440 Speaker 1: introducing the CEO. So take cars, sid you it's up 39 00:01:55,480 --> 00:01:57,280 Speaker 1: eight ten to one percent. This is a space and 40 00:01:57,360 --> 00:02:02,200 Speaker 1: defense technology company developments there there recently announced plans to 41 00:02:02,240 --> 00:02:05,960 Speaker 1: offer to sell shares if they're common class A common 42 00:02:06,000 --> 00:02:08,680 Speaker 1: stock in a proposed public offering at one dollars and 43 00:02:08,720 --> 00:02:10,920 Speaker 1: thirty cents a share, So they will use that for 44 00:02:11,000 --> 00:02:15,079 Speaker 1: sales and marketing, operational cost, product development, et cetera. Think 45 00:02:15,120 --> 00:02:17,920 Speaker 1: equities acting as a sole placement agent for the offering, 46 00:02:18,600 --> 00:02:21,520 Speaker 1: and last week the company was named a contract awarding 47 00:02:21,560 --> 00:02:26,480 Speaker 1: on the Missile Defense Agency's Shield IDQ program. I also 48 00:02:26,600 --> 00:02:30,079 Speaker 1: had to look that up and I got into a 49 00:02:30,160 --> 00:02:33,880 Speaker 1: rabbit hole into the Defense Department's website. Basically, that's a 50 00:02:33,880 --> 00:02:36,600 Speaker 1: one hundred and fifty one billion dollars sealing contract. Focus 51 00:02:36,639 --> 00:02:43,200 Speaker 1: on just really delivering innovative defensive capabilities to efforts that 52 00:02:43,240 --> 00:02:45,440 Speaker 1: are militaristic. You could just think of it like that. 53 00:02:45,600 --> 00:02:48,560 Speaker 1: So the stock has rallied though, around two hundred percent 54 00:02:48,600 --> 00:02:49,400 Speaker 1: in the past month. 55 00:02:49,639 --> 00:02:53,800 Speaker 3: All right, let's end up with bio Biohaven shares ticker 56 00:02:53,880 --> 00:02:56,720 Speaker 3: symbol bh V, and what do they do. 57 00:02:57,080 --> 00:03:02,639 Speaker 1: Bioheavens shares job fourteen percent. They're in the healthcare industry. 58 00:03:02,720 --> 00:03:06,600 Speaker 1: So shares are slumping because a mid stage study of 59 00:03:06,639 --> 00:03:10,280 Speaker 1: the company's experimental drug for the treatment of major depressive 60 00:03:10,280 --> 00:03:14,400 Speaker 1: disorder missed the primary endpoint. So City said that data 61 00:03:14,440 --> 00:03:17,280 Speaker 1: was disappointing. They had a by rating, but investors had 62 00:03:17,360 --> 00:03:21,040 Speaker 1: quote very low expectations of the study working. Raymond James, 63 00:03:21,080 --> 00:03:23,519 Speaker 1: who also had a by rating, said that investors they 64 00:03:23,520 --> 00:03:27,640 Speaker 1: focused on the focal epilepsy opportunity and RBC said that 65 00:03:27,680 --> 00:03:30,560 Speaker 1: the trial miss could be a clearing event, so to speak. 66 00:03:30,840 --> 00:03:33,959 Speaker 1: So the company does not plan on additional psychiat clinical 67 00:03:34,000 --> 00:03:38,840 Speaker 1: trials and will, in said, focus on obesity, immunology and 68 00:03:38,880 --> 00:03:40,840 Speaker 1: epilepsy in twenty twenty six. 69 00:03:41,040 --> 00:03:42,920 Speaker 3: So does everybody want to venture a guess as to 70 00:03:43,440 --> 00:03:46,160 Speaker 3: what trading volume is going to be like today? We 71 00:03:46,160 --> 00:03:47,320 Speaker 3: should like to put that out there. 72 00:03:47,400 --> 00:03:50,440 Speaker 1: There will be ten people on Wall Street. 73 00:03:50,440 --> 00:03:54,480 Speaker 2: The stock mover's report from Bloomberg Radio. Check back with 74 00:03:54,560 --> 00:03:57,160 Speaker 2: us throughout the day for the latest roundup of companies 75 00:03:57,200 --> 00:04:00,360 Speaker 2: making news on Wall Street and for the latest market 76 00:04:00,360 --> 00:04:04,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 77 00:04:04,880 --> 00:04:08,400 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 78 00:04:08,480 --> 00:04:09,920 Speaker 2: the Bloomberg Business app.