1 00:00:02,520 --> 00:00:08,559 Speaker 1: Bloomberg Audio Studios podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:17,640 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:17,800 --> 00:00:19,280 Speaker 2: Let's take a look at some of the stocks on 5 00:00:19,320 --> 00:00:19,840 Speaker 2: the move today. 6 00:00:19,840 --> 00:00:21,759 Speaker 1: I'm Paul Swingey along with alex Deal and we're joined 7 00:00:21,760 --> 00:00:24,320 Speaker 1: by Bloomberg's Isabelle Lee. Isa, Well, what are you looking at? 8 00:00:24,720 --> 00:00:27,360 Speaker 1: I'm looking at Bristol Myers buying buy in Tech as 9 00:00:27,400 --> 00:00:30,520 Speaker 1: much as eleven billion to license a next generation canter drug. 10 00:00:30,600 --> 00:00:33,040 Speaker 1: So we're looking at buy in tech or bon Tech. 11 00:00:33,040 --> 00:00:33,559 Speaker 2: I've heard it. 12 00:00:33,520 --> 00:00:37,919 Speaker 1: Pronounced both those times. Buy in Tech exactly, me too, 13 00:00:38,000 --> 00:00:40,000 Speaker 1: but I've heard some of the actors say beyond tech. Anyway, 14 00:00:40,080 --> 00:00:43,800 Speaker 1: It's hire by twenty percent. That is the most since 15 00:00:44,920 --> 00:00:47,440 Speaker 1: most since May twenty twenty and the highest since April 16 00:00:47,440 --> 00:00:50,479 Speaker 1: twenty four, twenty twenty five. The stock is BNTX, so 17 00:00:50,520 --> 00:00:52,960 Speaker 1: this is big because competition in the area of oncology 18 00:00:53,120 --> 00:00:55,920 Speaker 1: that really seeks to harness immune system to tech tumors 19 00:00:56,080 --> 00:00:59,640 Speaker 1: has been intendifying. We have Bloomberg Intelligence estimating that global 20 00:00:59,640 --> 00:01:02,560 Speaker 1: sales could hit sixty billion a year by twenty twenty seven, 21 00:01:02,640 --> 00:01:05,120 Speaker 1: so that is really a huge market. So by Intech 22 00:01:05,160 --> 00:01:07,959 Speaker 1: will receive one point five billion upfront and two billion 23 00:01:08,200 --> 00:01:10,640 Speaker 1: in installments through twenty twenty eight, and the company is 24 00:01:10,640 --> 00:01:13,600 Speaker 1: also eligible for around seven billion dollars in milestone payment. 25 00:01:13,680 --> 00:01:16,880 Speaker 1: So we have Bristol Myers also edging slightly higher, but 26 00:01:16,959 --> 00:01:18,520 Speaker 1: definitely not as much as Buy. 27 00:01:18,319 --> 00:01:20,320 Speaker 3: In Tech all right. Also taking a look at Boeing 28 00:01:20,400 --> 00:01:21,800 Speaker 3: getting an upgrade today. 29 00:01:21,680 --> 00:01:23,760 Speaker 1: Getting an upgrade, but shares are just edging higher by 30 00:01:23,800 --> 00:01:25,679 Speaker 1: six tens of one percent, so we're not seeing the 31 00:01:25,720 --> 00:01:28,160 Speaker 1: pop that investors are probably hoping for. But we have 32 00:01:28,200 --> 00:01:31,240 Speaker 1: Back of America upgrading the stock to buy from neutral, 33 00:01:31,280 --> 00:01:34,760 Speaker 1: so the ticker is BA. So the analyst there, Ronald Epstein, 34 00:01:35,000 --> 00:01:37,680 Speaker 1: says that the company's aircraft emerge as a favorite trade 35 00:01:37,720 --> 00:01:40,440 Speaker 1: tool for the Trump administration in recent deals, so this 36 00:01:40,520 --> 00:01:43,160 Speaker 1: includes the one we cut our airways. So Epstein raised 37 00:01:43,160 --> 00:01:45,600 Speaker 1: the price target to a street high of two hundred 38 00:01:45,600 --> 00:01:48,240 Speaker 1: and sixty dollars. That's up from one hundred and eighty five, 39 00:01:48,280 --> 00:01:50,920 Speaker 1: So this implies around a twenty five percent increase from 40 00:01:50,920 --> 00:01:52,080 Speaker 1: where the stock is right now. 41 00:01:53,080 --> 00:01:55,120 Speaker 2: New Core Steal Steel, so. 42 00:01:55,160 --> 00:01:57,400 Speaker 1: This is Alex areas of expertise. We have shares in 43 00:01:57,520 --> 00:02:00,520 Speaker 1: US Steel and aluminum stocks really rallying. And it's interesting 44 00:02:00,520 --> 00:02:02,480 Speaker 1: to see US deal stocks arise in the US, but 45 00:02:02,520 --> 00:02:06,080 Speaker 1: there was in Asia, Australia and Canada sliding. We saw 46 00:02:06,120 --> 00:02:08,359 Speaker 1: that during the market close. I mean, obviously, I think, 47 00:02:08,400 --> 00:02:10,400 Speaker 1: and really a lot of moving parts in this deal. 48 00:02:10,600 --> 00:02:13,320 Speaker 1: We have Trump saying that Selent aluminum tariffs will be 49 00:02:13,400 --> 00:02:16,040 Speaker 1: up to fifty percent from twenty five percent, so that's 50 00:02:16,080 --> 00:02:18,959 Speaker 1: double and he announced this and a US steel plant 51 00:02:19,040 --> 00:02:21,079 Speaker 1: in Pittsburgh on Friday, and he said this will help 52 00:02:21,080 --> 00:02:24,200 Speaker 1: protect American workers. We have BMO Capital upgrading new core 53 00:02:24,320 --> 00:02:27,919 Speaker 1: to outperform and downgrade in Canada's al Goma steal. So 54 00:02:28,280 --> 00:02:31,200 Speaker 1: that's really I think a petrade or a duel we're 55 00:02:31,240 --> 00:02:32,320 Speaker 1: going to seek for sometime. 56 00:02:32,600 --> 00:02:33,919 Speaker 3: And then the thing is you're going to have steel 57 00:02:33,960 --> 00:02:36,920 Speaker 3: prices in the US have to increase enough to make 58 00:02:37,000 --> 00:02:39,239 Speaker 3: the imports viable because the imports are going to be 59 00:02:39,240 --> 00:02:42,320 Speaker 3: so much more expensive and we import more than we produce. 60 00:02:42,520 --> 00:02:46,160 Speaker 3: Like net net there's on rough numbers from twenty twenty four, 61 00:02:46,200 --> 00:02:48,320 Speaker 3: I mean real rough, like back in the omlow calculations. 62 00:02:48,360 --> 00:02:52,120 Speaker 3: Let's say six million net tons. I mean that's not nothing. 63 00:02:52,200 --> 00:02:55,280 Speaker 1: Yeah, And will that affect demand I Don't Know the. 64 00:02:55,320 --> 00:02:59,400 Speaker 2: Stock Movers podcast from Bloomberg Radio. Check back with us 65 00:02:59,480 --> 00:03:02,920 Speaker 2: throughout for the latest roundup of companies making news on 66 00:03:02,960 --> 00:03:06,519 Speaker 2: Wall Street and for the latest market moving headlines. Listen 67 00:03:06,560 --> 00:03:10,760 Speaker 2: to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, 68 00:03:10,760 --> 00:03:14,400 Speaker 2: and on Applecarplay and Android Auto with the Bloomberg Business app.