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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock mover's report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenebeck, Romain, Bostik, and Scarlett, Foo.

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Speaker 3: S and P five DRED three hundred and ninety nine

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Speaker 3: names gaining ground in today's session. A lot of the

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Speaker 3: uptick towards the last ten to fifteen minutes of trading

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Speaker 3: one hundred and two Scarlet to the downside two unchanged.

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Speaker 4: Yeah, pretty lopsided advanced decline line. And you see that

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Speaker 4: reflected in the IMAP as well. This is eleven sectors

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Speaker 4: in the S and P five hundred and only one

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Speaker 4: sector finishing in the red, one of the smaller sectors,

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Speaker 4: and that is energy. In fact, you have twenty two

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Speaker 4: out of the twenty three big cap energy names losing ground.

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Speaker 4: Kinder Morgan was the only one to buck the decline.

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Speaker 3: All right, fascinating a lot of green there. I'm Tesla

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Speaker 3: definitely an owperformer. Number one gainor folks in the S

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Speaker 3: and P five hundred and NASDAQ one hundred. That's stack

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Speaker 3: up about eight and a quarter percent in today's session.

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Speaker 3: Biggest intry day rise since late April, the company coming

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Speaker 3: out launching it's much anticipated in long promise, Long long

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Speaker 3: long promise driver less taxi service to some riders. On Sunday,

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Speaker 3: analysts highlighting the low key and limited nature of the

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Speaker 3: rollout of the service in Austin, Texas, the debut was

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Speaker 3: quote unquote largely uneventful, which is always good, free of

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Speaker 3: major missteps, with the start of revenue service making a

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Speaker 3: critical milestone stone excuse me for bulls in the stock,

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Speaker 3: and they definitely moved into it in a big way.

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Speaker 3: Northern Trust want to point out that one up about

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Speaker 3: eight percent in today's session, shares rallying initially after The

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Speaker 3: Wall Street Journal came out earlier today and reported that

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Speaker 3: Bank of New York Mellon had approached the company in

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Speaker 3: recent days on a possible merger. So, if indeed we

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Speaker 3: see some kind of tie up between these two, you're

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Speaker 3: talking about two of the largest custodians custodian banks in

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Speaker 3: the world with a combined entity scale that would help

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Speaker 3: it and beat with global asset managers like black Rock

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Speaker 3: and Vanguard. So we'll be keeping our eye on that one.

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Speaker 3: And then I had to throw in circle Internet. I mean,

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Speaker 3: why not up another nine point six percent at its

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Speaker 3: highs It had rallied twenty four percent today, gaining almost

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Speaker 3: ten percent in today's session. So we're talking about a

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Speaker 3: sixty four to sixty five billion dollar market cap company

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Speaker 3: up about ninety percent or so in the past three

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Speaker 3: trading days. And it's up with it eight hundred percent

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Speaker 3: since its IPO on June fifth. So yeah, there you go.

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Speaker 5: Circle.

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Speaker 1: Hey, by the way, we're gonna have the Circle co

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Speaker 1: founder Sean Nevill on the program night.

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Speaker 3: All right, good booking.

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Speaker 5: All right, let's talk about some of the decliners today.

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Speaker 5: YMS and hear Hers Health fell more than thirty four percent.

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Speaker 5: Today was the most intra day ever. This after Novo

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Speaker 5: Nordis scrapped its partnership with Hymns and Hers it has

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Speaker 5: been selling compounded obesity drugs. On marketing concerns. Novo Nordisks

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Speaker 5: said Hymns was quote using deceptive marketing to sell copycat

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Speaker 5: versions of its obesity blockbuster we GOVI him CEO Andrew

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Speaker 5: Dudham on X called novo executive comments quote misleading. He

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Speaker 5: said Novo had been pressure Hymns to steer patients to

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Speaker 5: a govy regardless of whether it was clinically best for patients.

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Speaker 5: He said, quote we refused to be strong armed, and

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Speaker 5: that Hymns will continue to offer a wide range of treatments.

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Speaker 5: Interestingly enough, we saw Novo down five and a half percent.

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Speaker 1: I'm abstually fascinated by this story because, I mean, it

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Speaker 1: does seemed like the perfect marriage, right, I mean, you

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Speaker 1: talk about this idea of people wanting better access to

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Speaker 1: the drugs they want, not necessarily having to go through

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Speaker 1: the traditional doctor process, and of course Novo and other

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Speaker 1: drug companies wanting a more of a direct line to

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Speaker 1: their consumers. The fact that I don't know, something went

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Speaker 1: on behind the scenes that either Novo wasn't happy with

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Speaker 1: or maybe it was Hyms and Hers wasn't happy with,

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Speaker 1: I think says a lot. And it makes you wonder

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Speaker 1: about what these partnerships might look like in the future.

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Speaker 5: Yeah. I think it also says a lot that the

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Speaker 5: fact that Novos ADRs fell, you know, more than five

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Speaker 5: percent as a result of this too. Obviously investors thought

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Speaker 5: it was good a good way for the company to

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Speaker 5: get this medication into more hands. So yeah, again, we'll

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Speaker 5: see what those partnerships do look like in the future.

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Speaker 5: Moving on to super microcomputer, shares fell nine point eight

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Speaker 5: percent this after the company said it plans to off

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Speaker 5: for two billion dollars in convertible senior notes due in

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Speaker 5: twenty thirty. The company plans to use the proceeds to

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Speaker 5: repurchase shares as well as fund growth and business expansion.

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Speaker 5: This according to an announcement earlier today. And finally, ADRs

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Speaker 5: of Compass Pathways, this is a psychedelic drug company, this

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Speaker 5: medication company, a pharmaceutical company. We should not It's based

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Speaker 5: in the UK. Psychedelic drugs, right, yeah, it sounds like

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Speaker 5: I am right down forty nine percent. It's supposed to

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Speaker 5: treat a form of depression, but the trial disappointed investors.

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Speaker 5: The company said it's psilocybin drug reduced depression symptoms by

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Speaker 5: three point six percent on a rating scale compared to

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Speaker 5: a placebo but Wall Street wanted to see better results.

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Speaker 5: The study saw two hundred data adults for a change

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Speaker 5: in their symptoms at six weeks. This, according to a

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Speaker 5: statement from Compass Today. Once again, shares down forty nine percent.

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Speaker 6: Eight rs biotech special Right there, All right, guys, let's

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Speaker 6: get to the bond market here. So really interesting action

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Speaker 6: buying across the curve, particularly in the front end. Healds

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Speaker 6: down six spaces points. But the journey was really interesting.

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Speaker 6: So off the bat you had Michelle Bowman of the

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Speaker 6: FED speaking around ten o'clock this morning. I'm talking about

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Speaker 6: if inflation kept coming down in July, cut could be

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Speaker 6: in the cards. She also talked about the supplemental leverage

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Speaker 6: ratio that maybe the Fed will be discussing that on Wednesday.

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Speaker 6: That would reduce potentially the amount of money that banks

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Speaker 6: need to hold to account for risk. Right now, that

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Speaker 6: risk involves treasuries, which as we know, should be a

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Speaker 6: risk free asset, and if they can make that the

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Speaker 6: case and not have to hold money against treasuries, then

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Speaker 6: maybe they can actually buy more and have more money

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Speaker 6: to free up loan. So that all kind of playing

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Speaker 6: out within the treasury market. Clearly we marked the bottom though,

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Speaker 6: as we started to get these headlines out of President

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Speaker 6: Trump about potentially moving towards peace.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live catch US on YouTube,

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Speaker 5: Mm hmm