1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,920 --> 00:00:18,200 Speaker 2: I'll think a look at some of the stocks on 5 00:00:18,200 --> 00:00:20,599 Speaker 2: the move today. I'm Alex Steel alongside Paul Sweeney and 6 00:00:20,600 --> 00:00:23,480 Speaker 2: we're joined now by Bloomberg. Zanita Zakova, you're looking at 7 00:00:23,480 --> 00:00:24,959 Speaker 2: Alibaba ad Rs. 8 00:00:25,000 --> 00:00:25,720 Speaker 3: What happened here? 9 00:00:26,040 --> 00:00:28,680 Speaker 2: Yeah, so Alibaba is having a tough day and Apple 10 00:00:28,800 --> 00:00:31,560 Speaker 2: is having a tough day. This is connected with the 11 00:00:31,680 --> 00:00:35,560 Speaker 2: deal that has been going for some time for Ali 12 00:00:35,640 --> 00:00:39,240 Speaker 2: Baba's Ai to be used on Eppo devices in China. 13 00:00:39,760 --> 00:00:42,360 Speaker 2: But now we're hearing a lot of scrutiny from White 14 00:00:42,360 --> 00:00:46,680 Speaker 2: House congressional officials and they're raising more and more concerns 15 00:00:46,720 --> 00:00:50,440 Speaker 2: about that deal. This is coming off the back on 16 00:00:50,479 --> 00:00:55,160 Speaker 2: the back of really tough earnings results from Ali Baba 17 00:00:55,640 --> 00:00:59,560 Speaker 2: and also after a few months of very elevated into 18 00:00:59,640 --> 00:01:03,080 Speaker 2: Seattle after what happened with Deep Seek, and we know 19 00:01:03,160 --> 00:01:05,640 Speaker 2: a lot of analysts were saying that Ali Baba will 20 00:01:05,640 --> 00:01:09,800 Speaker 2: be on one of the front runners of that AI boom, 21 00:01:10,520 --> 00:01:14,680 Speaker 2: especially when it comes to Chinese e commerce readers. So yes, 22 00:01:14,760 --> 00:01:17,360 Speaker 2: they were considered to be the leaders. There was so 23 00:01:17,440 --> 00:01:20,039 Speaker 2: much enthusiasm and now we're seeing a double wammy with 24 00:01:20,200 --> 00:01:24,720 Speaker 2: earnings results and a delay and potentially not happening deal 25 00:01:25,080 --> 00:01:28,119 Speaker 2: with Apple, and both stocks are struggling. People are saying 26 00:01:28,160 --> 00:01:30,600 Speaker 2: the partnership loss may be worse for Apple. 27 00:01:30,680 --> 00:01:35,080 Speaker 3: But we yet to see Novavax, another biotech company, which 28 00:01:35,080 --> 00:01:39,280 Speaker 3: again it's a binary situation. The drug hits, you make 29 00:01:39,319 --> 00:01:41,360 Speaker 3: a ton of money, it doesn't, it goes to zero. 30 00:01:41,480 --> 00:01:42,520 Speaker 3: What happens at Novovak. 31 00:01:42,640 --> 00:01:45,440 Speaker 2: Yeah, incredible vote this year. We've talked about it as 32 00:01:45,480 --> 00:01:47,360 Speaker 2: some of the big losers, some of the big winners. 33 00:01:47,400 --> 00:01:49,720 Speaker 2: Today obviously it's a big winning day. It jumped as 34 00:01:49,800 --> 00:01:52,880 Speaker 2: much as thirty percent. Now some of those games have faded, 35 00:01:52,920 --> 00:01:56,800 Speaker 2: but still thirteen percent. It's just incredible gain. It comes 36 00:01:56,840 --> 00:02:01,400 Speaker 2: off US regulators approving the vaccine for two main groups 37 00:02:01,440 --> 00:02:04,760 Speaker 2: that there was a lot of scrutiny there. So the 38 00:02:04,760 --> 00:02:08,519 Speaker 2: show is approved for adults over twenty over sixty five 39 00:02:08,880 --> 00:02:12,880 Speaker 2: and adults between twelve and sixty four who have at 40 00:02:12,960 --> 00:02:17,840 Speaker 2: least one underlying condition. So a lot of scrutiny was 41 00:02:17,880 --> 00:02:20,040 Speaker 2: coming from Robert. 42 00:02:21,400 --> 00:02:21,440 Speaker 1: F. 43 00:02:21,520 --> 00:02:26,400 Speaker 2: Kennedy. There was obviously a famous CBS interview, which after 44 00:02:26,440 --> 00:02:29,600 Speaker 2: which Novavax suffered a lot and it was not only Novavax, 45 00:02:29,639 --> 00:02:31,840 Speaker 2: it was a lot of those vaccine makers that have 46 00:02:31,919 --> 00:02:34,800 Speaker 2: a pretty tough start of the year. Now that said, 47 00:02:34,800 --> 00:02:37,720 Speaker 2: without approval, a lot of the other vaccine makers are 48 00:02:37,760 --> 00:02:40,680 Speaker 2: also seeing a lift, so there is some optimism after 49 00:02:40,720 --> 00:02:43,640 Speaker 2: a pretty rough start of the year. Novavax is down 50 00:02:43,720 --> 00:02:46,880 Speaker 2: just six percent this year, but it was down sixteen 51 00:02:46,880 --> 00:02:49,400 Speaker 2: percent just on Friday, so one day move makes a 52 00:02:49,400 --> 00:02:50,000 Speaker 2: big difference. 53 00:02:51,240 --> 00:02:55,280 Speaker 1: The Stock mover's report from Bloomberg Radio. Check back with 54 00:02:55,360 --> 00:02:57,960 Speaker 1: us throughout the day for the latest roundup of companies 55 00:02:58,000 --> 00:03:02,000 Speaker 1: making news on Wall Street. For the latest market moving headlines, 56 00:03:02,200 --> 00:03:06,240 Speaker 1: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 57 00:03:06,280 --> 00:03:09,360 Speaker 1: dot com, and on Applecarplay and Android Auto with the 58 00:03:09,360 --> 00:03:10,720 Speaker 1: Bloomberg Business app.