1
00:00:02,520 --> 00:00:07,360
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 --> 00:00:16,480
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.

4
00:00:17,720 --> 00:00:19,079
Speaker 3: Let's take a look at some of the stocks on

5
00:00:19,120 --> 00:00:22,239
Speaker 3: the move today, and we're joined by Bloomberg's Valerie tit Tel.

6
00:00:22,560 --> 00:00:26,280
Speaker 3: Here's a trivia question going into today. What was the

7
00:00:26,320 --> 00:00:29,320
Speaker 3: best performing stock in the down Jones industrial average.

8
00:00:29,640 --> 00:00:32,599
Speaker 1: Well, I'll tell you the worst performing stock going on

9
00:00:32,680 --> 00:00:36,280
Speaker 1: so far this morning. United Health down say stock, whopping

10
00:00:36,680 --> 00:00:40,800
Speaker 1: twenty percent. It cut its full year profit outlook and

11
00:00:40,840 --> 00:00:44,479
Speaker 1: posted first quarter results below estimates. The health insurance giant

12
00:00:44,600 --> 00:00:47,800
Speaker 1: had adjusted its earnings in twenty twenty five, saying it's

13
00:00:47,840 --> 00:00:49,919
Speaker 1: going to be in the twenty six to twenty six

14
00:00:50,000 --> 00:00:52,080
Speaker 1: and a half dollars per share range, down from a

15
00:00:52,120 --> 00:00:54,640
Speaker 1: previous range of twenty nine and a half.

16
00:00:54,400 --> 00:00:55,800
Speaker 4: To thirty dollars a share.

17
00:00:56,120 --> 00:00:59,520
Speaker 1: It citened heightened care needs and its Medicare that were

18
00:00:59,560 --> 00:01:02,480
Speaker 1: far above what it had planned for, and the company

19
00:01:02,480 --> 00:01:05,119
Speaker 1: set in its statement that it did not perform up

20
00:01:05,120 --> 00:01:09,080
Speaker 1: to their expectations and they are aggressively addressing challenges. So

21
00:01:09,160 --> 00:01:12,199
Speaker 1: United Health is plunging down some twenty percent in pre market.

22
00:01:12,200 --> 00:01:14,200
Speaker 4: It is dragging the whole sector with it.

23
00:01:14,240 --> 00:01:18,959
Speaker 1: You have Humana down sixteen percent, CVS down nearly nine percent,

24
00:01:19,319 --> 00:01:22,880
Speaker 1: and Signa, another health insurance company down nearly five percent.

25
00:01:23,000 --> 00:01:25,920
Speaker 1: On the back of that disappointing earnings from United.

26
00:01:25,760 --> 00:01:28,600
Speaker 3: Okay and a car rental company in the news this

27
00:01:28,720 --> 00:01:30,000
Speaker 3: morning That's Hurts.

28
00:01:30,080 --> 00:01:34,759
Speaker 1: The shares are rising further here they soaring twenty four

29
00:01:34,880 --> 00:01:38,480
Speaker 1: percent pre market, and it's set to extend Wednesday's record

30
00:01:38,560 --> 00:01:41,840
Speaker 1: fifty six percent rally. This is all due to reports

31
00:01:41,880 --> 00:01:45,120
Speaker 1: that Pershing Square Capital had amassed a position of almost

32
00:01:45,200 --> 00:01:48,160
Speaker 1: twenty percent in the bleagered car rental company and would

33
00:01:48,200 --> 00:01:51,320
Speaker 1: make Pershing Square the company's second largest shareholder.

34
00:01:51,600 --> 00:01:51,760
Speaker 2: Now.

35
00:01:51,840 --> 00:01:54,680
Speaker 1: Hertz has been having some issues that emerge from bankruptcy

36
00:01:54,680 --> 00:01:57,360
Speaker 1: in twenty twenty one and has been working to revamp

37
00:01:57,400 --> 00:02:00,880
Speaker 1: its fleet after a disastrous bet on ten Esla electric

38
00:02:00,960 --> 00:02:03,960
Speaker 1: vehicle rental cars. But it seems like the market is

39
00:02:04,040 --> 00:02:07,480
Speaker 1: very excited about this announcement that Pershing Square has announced

40
00:02:07,560 --> 00:02:11,360
Speaker 1: a twenty percent holding of the beleaguered car rental company.

41
00:02:11,400 --> 00:02:14,120
Speaker 1: That's Hurts, adding to gains up twenty five percent in

42
00:02:14,200 --> 00:02:14,800
Speaker 1: pre market.

43
00:02:14,919 --> 00:02:19,440
Speaker 3: And in the pharmaceutical space, the objective for a lot

44
00:02:19,480 --> 00:02:21,160
Speaker 3: of these companies trying to get a pill that you

45
00:02:21,240 --> 00:02:25,240
Speaker 3: can take, one of these GLP weight reduction pills, and

46
00:02:25,520 --> 00:02:27,000
Speaker 3: Lily has some news on that front.

47
00:02:27,000 --> 00:02:30,440
Speaker 1: This one great news out from Lily, the shares arising

48
00:02:30,560 --> 00:02:34,440
Speaker 1: thirteen percent in pre market. Their oral GLP one demonstrated

49
00:02:34,480 --> 00:02:37,360
Speaker 1: statistically significant efficacy in its.

50
00:02:37,200 --> 00:02:38,840
Speaker 4: First phase three trial.

51
00:02:38,919 --> 00:02:42,480
Speaker 1: Participants loss and average of sixteen pounds at the highest dose,

52
00:02:42,520 --> 00:02:45,640
Speaker 1: and the company stated that the safety of the oral

53
00:02:45,680 --> 00:02:48,920
Speaker 1: GLP one is consistent with the injectibles. On the back

54
00:02:49,000 --> 00:02:52,280
Speaker 1: of this, we also have its competitor, Viking Therapeutics, falling

55
00:02:52,360 --> 00:02:55,160
Speaker 1: seven percent. This is another competitor who is also working

56
00:02:55,200 --> 00:02:57,280
Speaker 1: on an oral GLP one drug, but it seems like

57
00:02:57,280 --> 00:03:01,480
Speaker 1: Lily has beat them in these phase successful first phase

58
00:03:01,480 --> 00:03:03,200
Speaker 1: three trial for its oral GLP one.

59
00:03:03,360 --> 00:03:05,360
Speaker 4: Shares of Lily up eleven and a half percent.

60
00:03:05,560 --> 00:03:08,320
Speaker 3: And some tariff related news with respect to stocks.

61
00:03:08,800 --> 00:03:10,240
Speaker 4: Hey, yeah, this one's a bit negative.

62
00:03:10,280 --> 00:03:14,280
Speaker 1: This is Alcoa, the largest US aluminum producer. Shares are

63
00:03:14,320 --> 00:03:17,639
Speaker 1: falling nearly three percent in pre market trade after they

64
00:03:17,680 --> 00:03:21,200
Speaker 1: said the company will incur twenty million dollars in losses

65
00:03:21,760 --> 00:03:24,560
Speaker 1: due to the duties that went into effect on metal imports.

66
00:03:25,080 --> 00:03:29,000
Speaker 1: The company incurred these costs on imports from Canada, and

67
00:03:29,040 --> 00:03:32,320
Speaker 1: Alcoa also warned that it expects tariff costs to increase

68
00:03:32,560 --> 00:03:35,880
Speaker 1: ninety million dollars in the second quarter. The disclosure is

69
00:03:35,920 --> 00:03:38,680
Speaker 1: one of the first indications here that US companies are

70
00:03:38,680 --> 00:03:42,600
Speaker 1: being adversely affected by the Trump Administration's trade war. That's Alcoa,

71
00:03:42,680 --> 00:03:44,920
Speaker 1: the largest US aluminum producer.

72
00:03:44,640 --> 00:03:46,000
Speaker 4: Down three percent in pre market.

73
00:03:47,160 --> 00:03:51,280
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

74
00:03:51,360 --> 00:03:54,119
Speaker 2: us throughout the day for the latest roundup of companies

75
00:03:54,160 --> 00:03:57,200
Speaker 2: making news on Wall Street and for the latest market

76
00:03:57,240 --> 00:04:01,600
Speaker 2: moving headlines. Listen to Bloomberg Radio. Catch us on YouTube,

77
00:04:01,640 --> 00:04:04,920
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

78
00:04:04,960 --> 00:04:06,400
Speaker 2: the Bloomberg Business app.

79
00:04:11,320 --> 00:04:11,760
Speaker 4: Mm hmm