Speaker 1: Bloomberg Audio, Studios, podcasts, radio news.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol master Long, which Tim Stank. Let's get to
Speaker 1: some stocks on the move on this Thursday. Bloomberg News
Speaker 1: crossset reporter Isabelle Lee is in the house. Do we
Speaker 1: start with something that will make Matt Miller happy? Okay?
Speaker 3: What things make him happy? Is it's airline Lula Lemon.
Speaker 2: No, but we'll.
Speaker 1: Get to it later. We'll get pod stock. Sorry, man,
Speaker 1: that's not even on the list.
Speaker 3: It was surprised.
Speaker 1: It was because we know President Trump's at the executive
Speaker 1: order changing the drug classification.
Speaker 3: Yes there, to move cannabis into a less restrictive federal category.
Speaker 2: Sorry.
Speaker 3: Is that in motion a regulatory shift that could alter
Speaker 3: the legal and the commercial landscape for drugs. Basically, he's
Speaker 3: instructing the Justice Department to begin steps needed to shift
Speaker 3: cannabis to a tier reserve for drugs with accepted medical uses.
Speaker 3: I'm looking at till Ray and kind of be tail Ray,
Speaker 3: t l r Y and kind of b c GC.
Speaker 3: But booth shares are edging lower by one point three
Speaker 3: percent and three and a half percent, respectively, which.
Speaker 1: Was priced in. Maybe that's a good explanation. I mean,
Speaker 1: look what happened earlier this week, like what happened last year.
Speaker 1: How many days have there been gainers where I'm like, care,
Speaker 1: we got to do pot stock? Yeah, I mean it
Speaker 1: was that happen.
Speaker 3: They slipped into negative chill.
Speaker 1: It was up twenty two percent earlier today.
Speaker 3: Yes, and now it's yeah, maybe it's price and it's
Speaker 3: down three point eighteen percent. I have to cross that up.
Speaker 1: All of my grainers. Less to be claire and fully transparent.
Speaker 1: Matt just likes to talk about it, and so I
Speaker 1: just don't want to.
Speaker 3: You know, good, that's a good save. I I like
Speaker 3: talking about it. Pod stocks, it's just want to.
Speaker 1: Talk like talking about them. I like talking about chips,
Speaker 1: do you I like talking about chips? Sounds like sounds
Speaker 1: like we got a micro micro.
Speaker 3: I love this rumble dumble. So Micron ticker is m you.
Speaker 3: The stock is up by just eleven percent, and that's
Speaker 3: after the chip maker gave an outlook that was eighty
Speaker 3: percent hired and estimates. I was here yesterday and we
Speaker 3: were talking about it and the optimism is continuing. This
Speaker 3: is the highest in at least eight months, and the
Speaker 3: stock is up by nearly one hundred and seventy percent
Speaker 3: this year. So the CEO of Micron said its position
Speaker 3: as an essential AI enabler. And again we were talking
Speaker 3: about this Carol is because of the intense demand and
Speaker 3: supply can't need it. And it's good for Micron because
Speaker 3: then it puts them in a good spot. Totally.
Speaker 1: Okay, before I let you go, just give us twenty
Speaker 1: seconds on Lulu. Shares are surging today.
Speaker 3: Shares are surging. I love Lululemon, the product, but the
Speaker 3: stock is up by four percent. We have news that
Speaker 3: activist investor Elliott Management has built a stake of one
Speaker 3: billion dollars in the company. And this comes after the
Speaker 3: company has really been struggling to turn around their business
Speaker 3: after the exit of their CEO. Elliott for months has
Speaker 3: been working with Jane Nielsen, so she's the former CFO
Speaker 3: and CEO at the Ralph Lauren. In fact, sources told
Speaker 3: Wall Street Journal that they want Jane Nielsen to potentially
Speaker 3: be the CEO.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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Speaker 2: making news on Wall Street, and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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