1
00:00:02,520 --> 00:00:08,800
Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

2
00:00:08,880 --> 00:00:13,119
Speaker 2: Stock Movers podcast, your roundup of companies making moves in

3
00:00:13,200 --> 00:00:16,480
Speaker 2: the stock market, harnessing the power of Bloomberg data.

4
00:00:17,480 --> 00:00:18,920
Speaker 1: Let's take a look at some stocks on the move

5
00:00:18,960 --> 00:00:20,880
Speaker 1: this past week, because there was a lot going on

6
00:00:20,960 --> 00:00:24,240
Speaker 1: with us as Bloomberg News Crossouse that reported Denita Zikova.

7
00:00:24,920 --> 00:00:25,799
Speaker 1: Where shall we begin.

8
00:00:26,560 --> 00:00:29,760
Speaker 3: Let's start with one stock in the Magnificent seven that

9
00:00:29,840 --> 00:00:34,080
Speaker 3: didn't enjoy the rally we're cheering. It's Apple. We had

10
00:00:34,120 --> 00:00:38,360
Speaker 3: the earnings report much awaited, but it didn't fail to

11
00:00:38,440 --> 00:00:41,080
Speaker 3: sue the biggest concern investors have, and of course this

12
00:00:41,240 --> 00:00:45,000
Speaker 3: is tariff costs and a slow dining in China. Apple

13
00:00:45,080 --> 00:00:50,440
Speaker 3: expects nine hundred million in higher costs from tariffs. Apple

14
00:00:50,479 --> 00:00:54,120
Speaker 3: received at least two downgrades on Friday, so we got

15
00:00:54,240 --> 00:00:57,400
Speaker 3: the earnings report Thursday Friday to downgrades. One of them

16
00:00:57,400 --> 00:01:01,360
Speaker 3: is coming from Jeffrey's. Stock is now underperform and this

17
00:01:01,520 --> 00:01:04,520
Speaker 3: is one of the rare bears when it comes to Apple.

18
00:01:04,880 --> 00:01:08,360
Speaker 3: The company is saying tariff impact, we'll expand over time

19
00:01:08,480 --> 00:01:12,000
Speaker 3: to create more earnings. Downside. We also saw a downgrade

20
00:01:12,000 --> 00:01:15,160
Speaker 3: that the Rows and Blood Securities. The stock is now

21
00:01:15,240 --> 00:01:19,080
Speaker 3: neutral from Buy Shares Phil about two percent this week,

22
00:01:19,240 --> 00:01:22,600
Speaker 3: which compared to the three percent search of SMP is

23
00:01:22,680 --> 00:01:25,640
Speaker 3: quite a lot. And here today losses are extending to

24
00:01:25,680 --> 00:01:28,280
Speaker 3: about eighteen percent, So a pretty rough start of the year.

25
00:01:28,360 --> 00:01:30,440
Speaker 1: Considering the drop that it had on Friday, that's not

26
00:01:30,520 --> 00:01:32,759
Speaker 1: so bad for the week overall, right, No.

27
00:01:32,800 --> 00:01:35,560
Speaker 3: But considering the move we saw in Magnificent seven and

28
00:01:35,600 --> 00:01:38,720
Speaker 3: the NASDAC, it's definitely lagging behind, right.

29
00:01:38,520 --> 00:01:41,040
Speaker 1: It's notable. Okay, what about in the healthcare space.

30
00:01:41,080 --> 00:01:43,720
Speaker 3: I feel like there was a lot going on this week, right,

31
00:01:43,840 --> 00:01:47,279
Speaker 3: we were talking about war when it comes to those

32
00:01:48,040 --> 00:01:52,320
Speaker 3: HG drugs, Yes, exactly. It's the competition is heating up

33
00:01:52,720 --> 00:01:54,960
Speaker 3: and things are not so pretty Elia Lelly.

34
00:01:54,800 --> 00:01:58,000
Speaker 1: JLP one but I call them HG one, Yeah, just

35
00:01:58,080 --> 00:02:01,120
Speaker 1: making up drugs. No, their GLP one on drugs, Yes.

36
00:02:00,960 --> 00:02:04,600
Speaker 3: Exactly, gop one. So Eli Lilly had a pretty tough week.

37
00:02:04,960 --> 00:02:07,680
Speaker 3: It dropped about seven percent this week. Of course, the

38
00:02:07,760 --> 00:02:10,239
Speaker 3: big hit came on Thursday when we got those news

39
00:02:10,280 --> 00:02:14,120
Speaker 3: from CVS announcing a plan to drop its blogbuster weight

40
00:02:14,160 --> 00:02:18,119
Speaker 3: loss drug zip bound and making their rival we gov

41
00:02:18,360 --> 00:02:23,240
Speaker 3: more widely available. So it's an interesting thing that actually

42
00:02:24,240 --> 00:02:27,400
Speaker 3: the novel drug, which is we gov, is more expensive.

43
00:02:27,600 --> 00:02:31,359
Speaker 3: It's around thirteen hundred dollars for a month of supply,

44
00:02:31,760 --> 00:02:35,160
Speaker 3: while Eli Levy is zip bound is cheaper. But this

45
00:02:35,400 --> 00:02:40,200
Speaker 3: is where wegov becomes more competitive because they have they

46
00:02:40,240 --> 00:02:43,639
Speaker 3: can lower the prices. They have more negotiation power over here.

47
00:02:44,120 --> 00:02:47,240
Speaker 3: And what we've seen this week is a tough, tough

48
00:02:47,600 --> 00:02:51,560
Speaker 3: start for Eli Lilly, which actually here today still is

49
00:02:51,639 --> 00:02:54,360
Speaker 3: up seven percent. It had a very very strong start

50
00:02:54,360 --> 00:02:56,800
Speaker 3: of the year. But we're seeing that war heating up

51
00:02:56,840 --> 00:02:58,160
Speaker 3: and putting pressure on Ali Lily.

52
00:02:58,360 --> 00:03:00,760
Speaker 1: Our Madison Muller has been doing the whole team, the

53
00:03:00,760 --> 00:03:02,440
Speaker 1: healthcare team, but we've talked with her about it in

54
00:03:02,560 --> 00:03:05,400
Speaker 1: terms of a price war among these GLP one drugs.

55
00:03:05,520 --> 00:03:07,720
Speaker 1: I have to say, when it comes to drug pricing

56
00:03:07,800 --> 00:03:10,560
Speaker 1: and the negotiations, I never quite get. Okay, So it's

57
00:03:10,600 --> 00:03:12,240
Speaker 1: better to come in higher and then I guess you

58
00:03:12,240 --> 00:03:16,120
Speaker 1: have more room for negotiating. Like that whole thing with PBMs,

59
00:03:16,120 --> 00:03:19,320
Speaker 1: pharmacy benefit managers and stuff I just don't get. I mean,

60
00:03:19,400 --> 00:03:22,280
Speaker 1: just tell us what it costs, charge us, make some

61
00:03:22,360 --> 00:03:24,359
Speaker 1: money on it, and let's move on. That's kind of

62
00:03:24,360 --> 00:03:26,040
Speaker 1: how I would like to see it. But nonetheless, you

63
00:03:26,040 --> 00:03:28,560
Speaker 1: saw some big moves on that. Spotify also on the

64
00:03:28,600 --> 00:03:29,119
Speaker 1: move this week.

65
00:03:29,200 --> 00:03:32,480
Speaker 3: Yes, Spotify is an interesting story of reversal. It started

66
00:03:32,480 --> 00:03:35,360
Speaker 3: the week on Tuesday with a pretty bad start after

67
00:03:35,480 --> 00:03:38,560
Speaker 3: earnings report. It wasn't necessarily such a bad earnings report.

68
00:03:38,640 --> 00:03:42,280
Speaker 3: We saw a massive growth in subscribers around two hundred

69
00:03:42,320 --> 00:03:45,640
Speaker 3: and seven million sub seventy million subscribers, but there was

70
00:03:45,680 --> 00:03:49,520
Speaker 3: a profit miss this which was the reason why the

71
00:03:49,520 --> 00:03:52,560
Speaker 3: stock fell a lot, and investors didn't really pay attention

72
00:03:52,600 --> 00:03:55,760
Speaker 3: to that subscriber number. But then on Friday we had

73
00:03:55,920 --> 00:03:59,080
Speaker 3: news that Apple has approved the company's US up updates,

74
00:03:59,200 --> 00:04:03,520
Speaker 3: which is allowing users to access pricing directly at Spotify.

75
00:04:03,840 --> 00:04:06,920
Speaker 3: So that lifted the stock hire and Spotify is actually

76
00:04:07,080 --> 00:04:10,640
Speaker 3: up this week after a pretty pretty rough day on Tuesday,

77
00:04:10,840 --> 00:04:14,360
Speaker 3: and the ear to date when is pretty big, it's

78
00:04:14,360 --> 00:04:18,200
Speaker 3: about forty percent, and this comes after two very strong ears.

79
00:04:18,200 --> 00:04:21,520
Speaker 3: The company raised prices, but still it's it's doing well.

80
00:04:21,560 --> 00:04:23,320
Speaker 3: It's growing podcasts, YouTube. You know.

81
00:04:23,720 --> 00:04:27,919
Speaker 1: So the app is on the Apple app, but you

82
00:04:27,960 --> 00:04:29,560
Speaker 1: can pay for it externally.

83
00:04:29,720 --> 00:04:32,200
Speaker 3: You can you can use it on the Spotify app,

84
00:04:32,200 --> 00:04:35,279
Speaker 3: and you can go beyond just Apple pay right. You

85
00:04:35,320 --> 00:04:37,960
Speaker 3: can use more methods of payments.

86
00:04:37,600 --> 00:04:40,520
Speaker 1: Which means the other story is like less service revenue

87
00:04:40,560 --> 00:04:42,440
Speaker 1: potentially right for Apple, that's the other side.

88
00:04:42,520 --> 00:04:46,000
Speaker 3: Yeah, Apple fail, as you said, going full circle.

89
00:04:47,680 --> 00:04:49,960
Speaker 1: All right, so appreciate some movers on the week of

90
00:04:50,040 --> 00:04:53,000
Speaker 1: ra all Bloomberg News process a reporter Deniza Sekova.

91
00:04:53,960 --> 00:04:58,080
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

92
00:04:58,200 --> 00:05:00,320
Speaker 2: us throughout the day for the latest round end up

93
00:05:00,320 --> 00:05:03,160
Speaker 2: of companies making news on Wall Street and for the

94
00:05:03,240 --> 00:05:07,640
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live. Catch

95
00:05:07,720 --> 00:05:10,800
Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and

96
00:05:10,800 --> 00:05:13,239
Speaker 2: Android Auto with the Bloomberg Business app.