1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,479 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,480 --> 00:00:21,279 Speaker 1: I'm Tim Stenek along with Isabel Lee, and we're joined 6 00:00:21,280 --> 00:00:25,919 Speaker 1: by Bloomberg News equities reporter Bailey lip Schultz. Bailey some 7 00:00:26,800 --> 00:00:28,800 Speaker 1: a lot of stocks to choose from today's stocks, a 8 00:00:28,800 --> 00:00:31,640 Speaker 1: lot of options. First summer too, so like yesterday where 9 00:00:31,680 --> 00:00:33,400 Speaker 1: it was like what am I going to find that's 10 00:00:33,400 --> 00:00:36,160 Speaker 1: actually moving in one direction? You had a nice little 11 00:00:36,280 --> 00:00:38,160 Speaker 1: group to choose from. Today I need to pick from. 12 00:00:38,280 --> 00:00:42,680 Speaker 3: Want to start with Echo Star ticker SATs. This is 13 00:00:42,800 --> 00:00:47,400 Speaker 3: a stock that jumped Tim seventy percent to a record high, 14 00:00:47,440 --> 00:00:50,120 Speaker 3: biggest jump since two thousand and eight. This coming after 15 00:00:50,479 --> 00:00:53,519 Speaker 3: agreeing with AT and T to sell Spectrum licenses for 16 00:00:53,560 --> 00:00:56,000 Speaker 3: about twenty three billion dollars and a deal that will 17 00:00:56,040 --> 00:00:59,920 Speaker 3: help the company stave off bankruptcy fend off regulatory concern 18 00:01:00,080 --> 00:01:02,280 Speaker 3: about its airways sale. So a big step in the 19 00:01:02,360 --> 00:01:05,280 Speaker 3: right direction for the company, according to the company. The 20 00:01:05,319 --> 00:01:07,839 Speaker 3: deal is expected to close by mid twenty twenty six. 21 00:01:08,160 --> 00:01:10,800 Speaker 3: But we also did get News after hours. The stock 22 00:01:10,880 --> 00:01:14,120 Speaker 3: up now almost eight percent on top of that seventy 23 00:01:14,160 --> 00:01:18,080 Speaker 3: percent gain. This coming after a Semipore report that Elon 24 00:01:18,200 --> 00:01:22,120 Speaker 3: Musk's Starlink and T Mobile have also expressed interest in 25 00:01:22,160 --> 00:01:24,800 Speaker 3: acquiring Some are all of the spectrum controlled by the firm, 26 00:01:25,080 --> 00:01:27,240 Speaker 3: So a lot of uncertainty, and I do love a 27 00:01:27,280 --> 00:01:29,560 Speaker 3: bidding war when we're talking about socks that are rallying. 28 00:01:29,640 --> 00:01:32,040 Speaker 3: So big step forward for this company that has been 29 00:01:32,120 --> 00:01:36,000 Speaker 3: really again dealing with bankruptcy concerns, uncertainty around debt load 30 00:01:36,400 --> 00:01:37,080 Speaker 3: and it's path forward. 31 00:01:37,200 --> 00:01:39,000 Speaker 1: It's pretty wild to see a move such as this. 32 00:01:39,200 --> 00:01:41,280 Speaker 1: It's up more than one hundred percent so far this year. 33 00:01:41,360 --> 00:01:43,600 Speaker 1: A big part of that is what happened today. Of course, 34 00:01:43,920 --> 00:01:46,560 Speaker 1: the previous all time high Bailey was reached back in 35 00:01:46,640 --> 00:01:49,760 Speaker 1: January of twenty eighteen. Now it has been surpassed by 36 00:01:49,760 --> 00:01:53,160 Speaker 1: today's all time high now fourteen point six billion dollar 37 00:01:53,240 --> 00:01:55,760 Speaker 1: company A to B Charlie Ergan right exactly. 38 00:01:55,800 --> 00:01:57,080 Speaker 3: And this is one thing we keep an eye on. 39 00:01:57,120 --> 00:01:58,760 Speaker 3: The bonds. I know this is a sock segment, but 40 00:01:58,800 --> 00:02:01,800 Speaker 3: the dish Yes bonds that were due in twenty twenty 41 00:02:01,880 --> 00:02:03,600 Speaker 3: nine soaring as much as twelve cents on the dollar 42 00:02:03,680 --> 00:02:06,040 Speaker 3: and eighty three cents, so still par would actually be 43 00:02:06,080 --> 00:02:07,919 Speaker 3: closer to one hundred, but one of the biggest gainers 44 00:02:07,920 --> 00:02:11,120 Speaker 3: in the junk market junk bond market, excuse me, ten 45 00:02:11,200 --> 00:02:14,200 Speaker 3: times more than the average for that group of assets. 46 00:02:14,440 --> 00:02:17,640 Speaker 1: We just did bond math in stock movers tough, I 47 00:02:17,680 --> 00:02:19,040 Speaker 1: love it. I can't do it again. I mean no 48 00:02:19,160 --> 00:02:23,160 Speaker 1: asset moves in isolation and so understandable. Sounds like a 49 00:02:23,160 --> 00:02:25,840 Speaker 1: cross asset thing. Somebody would say, what else are you 50 00:02:25,880 --> 00:02:26,320 Speaker 1: looking at? 51 00:02:26,400 --> 00:02:28,560 Speaker 3: Bailey best performer in the s and P five hundred 52 00:02:28,680 --> 00:02:31,000 Speaker 3: A bit of a larger company that you probably have 53 00:02:31,040 --> 00:02:34,720 Speaker 3: heard of, Eli Lilly ticker l Y. Guys, this is 54 00:02:34,760 --> 00:02:38,000 Speaker 3: almost a seven hundred billion dollar company rallying more than 55 00:02:38,280 --> 00:02:42,919 Speaker 3: five point eight percent today after news that it's experimental 56 00:02:42,960 --> 00:02:46,440 Speaker 3: obesity pill helped patients lose nine point six percent of 57 00:02:46,440 --> 00:02:49,399 Speaker 3: their body weight in a trial. Big discussions around weight 58 00:02:49,440 --> 00:02:53,600 Speaker 3: loss drugs. Obviously you've heard of ozempic Munjaro, while the 59 00:02:53,720 --> 00:02:56,679 Speaker 3: race for oral medications has been a big driver for 60 00:02:56,720 --> 00:02:59,640 Speaker 3: both Eli Lilly and competitor Novo Nordisk. So this is 61 00:02:59,680 --> 00:03:01,960 Speaker 3: a big step in the right direction for Lily. Again, 62 00:03:02,160 --> 00:03:05,359 Speaker 3: not too long ago. Earlier this month, the first trial 63 00:03:05,560 --> 00:03:08,600 Speaker 3: disappointed investors who were expecting higher weight loss lower rates 64 00:03:08,600 --> 00:03:09,320 Speaker 3: of side effects. 65 00:03:09,440 --> 00:03:12,360 Speaker 1: This looking better well. Speaking of healthcare, United Health Group 66 00:03:12,360 --> 00:03:15,440 Speaker 1: also on your radar today some news there, Yeah, quick Air. 67 00:03:15,320 --> 00:03:17,080 Speaker 3: Lower only down one and a half percent, so not 68 00:03:17,120 --> 00:03:19,600 Speaker 3: one of the worst performers. This coming after Bloomberg broke 69 00:03:19,639 --> 00:03:22,359 Speaker 3: the news oh that the Justice Department Criminal Division digging 70 00:03:22,400 --> 00:03:26,480 Speaker 3: into United Health ticker UNH their prescription management service as 71 00:03:26,480 --> 00:03:29,160 Speaker 3: well as how it reimburses its own doctors under an 72 00:03:29,200 --> 00:03:34,320 Speaker 3: ongoing probe. So continuing to see concerns for the largest 73 00:03:34,400 --> 00:03:37,080 Speaker 3: US health insurer. This is a stock that in the 74 00:03:37,160 --> 00:03:39,960 Speaker 3: last twelve months was down almost fifty percent, even after 75 00:03:40,040 --> 00:03:42,440 Speaker 3: rallying more than ten percent when we saw that Warren 76 00:03:42,440 --> 00:03:45,040 Speaker 3: Buffet's Berkshire Hathway to a number of other well known 77 00:03:45,040 --> 00:03:48,240 Speaker 3: investors disclosed positions in the company. But again, UNH down 78 00:03:48,240 --> 00:03:49,520 Speaker 3: one and a half percent today. 79 00:03:50,760 --> 00:03:54,800 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 80 00:03:54,880 --> 00:03:57,480 Speaker 2: us throughout the day for the latest roundup of companies 81 00:03:57,520 --> 00:04:00,640 Speaker 2: making news on Wall Street and for the is market 82 00:04:00,640 --> 00:04:05,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 83 00:04:05,200 --> 00:04:08,720 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 84 00:04:08,800 --> 00:04:10,240 Speaker 2: the Bloomberg Business App