1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,239 --> 00:00:19,640 Speaker 3: I'm Carol Masser along with Tim Stenevic. Let's take a 5 00:00:19,640 --> 00:00:21,560 Speaker 3: look at some stocks on the move today with us 6 00:00:21,560 --> 00:00:25,200 Speaker 3: as Bloomberg TV Markets correspondent Nora Melnda in the house. 7 00:00:25,360 --> 00:00:27,760 Speaker 3: And yes we are watching the drug names in particular 8 00:00:27,800 --> 00:00:29,440 Speaker 3: Pfeiser cannot stop. 9 00:00:29,480 --> 00:00:31,920 Speaker 4: We see Peiser is the second biggest gainer in the 10 00:00:31,960 --> 00:00:34,920 Speaker 4: S and P five hundred today. Let's take our pfe 11 00:00:35,080 --> 00:00:36,760 Speaker 4: Of course, we know this stock has really been in 12 00:00:36,800 --> 00:00:40,400 Speaker 4: focus largely Trump involved today, so essentially they're going to 13 00:00:40,440 --> 00:00:43,920 Speaker 4: be getting a three year reprieve, specifically as it relates 14 00:00:43,920 --> 00:00:46,280 Speaker 4: to those pharma tariffs here, and of course we know 15 00:00:46,360 --> 00:00:48,760 Speaker 4: this has been promised and coming in terms of the tariffs, 16 00:00:48,760 --> 00:00:51,080 Speaker 4: so the fact that they are able to miss that 17 00:00:51,240 --> 00:00:53,640 Speaker 4: aspect is of course a positive. Here we're looking at 18 00:00:53,640 --> 00:00:57,280 Speaker 4: shares of Peiser up about six point seven or six 19 00:00:57,320 --> 00:01:00,560 Speaker 4: point five percent, and I know that it's highest here. That 20 00:01:00,720 --> 00:01:03,800 Speaker 4: is its biggest internting gained since May twenty twenty four, 21 00:01:03,920 --> 00:01:06,440 Speaker 4: so really seeing some strong gains here. Of course, they 22 00:01:06,440 --> 00:01:07,920 Speaker 4: also talked about the fact that they're going to be 23 00:01:07,920 --> 00:01:11,280 Speaker 4: selling some of their drugs at a discounted price, slashing 24 00:01:11,280 --> 00:01:14,080 Speaker 4: it by about fifty percent. That discount there and this 25 00:01:14,200 --> 00:01:17,080 Speaker 4: of course will be marketed here on trump r X, 26 00:01:17,120 --> 00:01:19,000 Speaker 4: which is a direct to consumer webs is. 27 00:01:19,000 --> 00:01:21,120 Speaker 3: The expectation they're going to make it up on volume 28 00:01:21,400 --> 00:01:23,960 Speaker 3: and so because it's a price cut. So I'm trying 29 00:01:24,080 --> 00:01:26,679 Speaker 3: and I understand it sounds like they're also maybe cutting 30 00:01:26,680 --> 00:01:28,400 Speaker 3: out the PBMs and the middleman. 31 00:01:28,480 --> 00:01:32,200 Speaker 4: But I'm a little kind of the logistics here. 32 00:01:32,400 --> 00:01:33,560 Speaker 3: I'm a little confused. 33 00:01:33,680 --> 00:01:38,080 Speaker 1: I think the message is also one of playing politics. 34 00:01:38,080 --> 00:01:40,039 Speaker 1: And I don't mean that in any sort of pejorative way. 35 00:01:40,080 --> 00:01:42,720 Speaker 1: I mean in a way that look at the reprieve 36 00:01:42,760 --> 00:01:44,840 Speaker 1: that they were able to get as a result of 37 00:01:45,560 --> 00:01:47,559 Speaker 1: what the White House doing what the White House wants 38 00:01:47,560 --> 00:01:47,920 Speaker 1: it to do. 39 00:01:48,040 --> 00:01:49,400 Speaker 3: But I feel like this, I don't know. 40 00:01:50,200 --> 00:01:52,760 Speaker 1: You also see peers higher, Yeah, I'm really higher right 41 00:01:52,760 --> 00:01:55,040 Speaker 1: now by five percent is aps six percent? 42 00:01:55,480 --> 00:01:58,160 Speaker 4: Definitely positivity all across that industry right now as you 43 00:01:58,200 --> 00:02:00,680 Speaker 4: look at what the market's doing right now. But I 44 00:02:00,760 --> 00:02:03,680 Speaker 4: wanted to move over into some of those recent IPOs 45 00:02:04,040 --> 00:02:07,600 Speaker 4: so CORBYV. That's ticker CRWV. We know that this one 46 00:02:07,640 --> 00:02:10,520 Speaker 4: IPO just back in March. Here we're looking at shares 47 00:02:10,600 --> 00:02:10,960 Speaker 4: the same. 48 00:02:11,000 --> 00:02:13,800 Speaker 3: It's not having a good year, I mean, I. 49 00:02:13,840 --> 00:02:16,240 Speaker 4: Mean shares of core Weave, you know, when we're looking 50 00:02:16,240 --> 00:02:20,600 Speaker 4: today though in the green I'm being sarcastic, up as 51 00:02:20,680 --> 00:02:23,640 Speaker 4: much as sixteen percent in trading today. And this of 52 00:02:23,680 --> 00:02:26,680 Speaker 4: course is after it set up a deal here fourteen 53 00:02:26,720 --> 00:02:30,040 Speaker 4: billion dollars with Meta. This of course highlights the demand 54 00:02:30,040 --> 00:02:32,239 Speaker 4: for artificial intelligence. I mean, this is the story that 55 00:02:32,280 --> 00:02:34,840 Speaker 4: we've been hearing over and over again. Doesn't matter what 56 00:02:35,000 --> 00:02:37,880 Speaker 4: industry we're talking about. AI is the story here. But 57 00:02:37,960 --> 00:02:42,880 Speaker 4: this deal with Meta Platforms runs through December twenty thirty one, 58 00:02:42,960 --> 00:02:45,560 Speaker 4: with an option to extend through twenty thirty two here 59 00:02:45,560 --> 00:02:49,000 Speaker 4: with additional capacity. This should help diversify core Weave's business 60 00:02:49,120 --> 00:02:50,840 Speaker 4: away from Microsoft. 61 00:02:51,040 --> 00:02:53,440 Speaker 1: It's really interesting because it's a lot of like strange 62 00:02:53,440 --> 00:02:56,400 Speaker 1: bedfellows here when it comes to who's buying what. This 63 00:02:56,480 --> 00:02:58,880 Speaker 1: goes to show you've got to diversify your sources of 64 00:02:58,880 --> 00:03:02,000 Speaker 1: this because this is a finite resource. People want compute 65 00:03:02,000 --> 00:03:02,560 Speaker 1: and they want it. 66 00:03:02,520 --> 00:03:04,720 Speaker 4: Now, only adding to their games of two hundred and 67 00:03:04,760 --> 00:03:05,880 Speaker 4: forty two percent. 68 00:03:06,360 --> 00:03:07,600 Speaker 3: Only they were having a good year. 69 00:03:07,720 --> 00:03:08,880 Speaker 1: They are having a great year. 70 00:03:09,160 --> 00:03:09,840 Speaker 4: Fantastic year. 71 00:03:10,080 --> 00:03:11,679 Speaker 3: Let's get to ticker a fly. 72 00:03:12,000 --> 00:03:14,720 Speaker 4: Yeah, so not doing so hot today. We're actually looking 73 00:03:14,760 --> 00:03:18,880 Speaker 4: at shares of Firefly Aerospace down today in trading. And 74 00:03:18,960 --> 00:03:21,680 Speaker 4: of course this is the company that IPO just early August. 75 00:03:21,840 --> 00:03:26,200 Speaker 4: Lots of IPO activity as we're seeing here across different industries, 76 00:03:26,440 --> 00:03:29,840 Speaker 4: but chairs of Firefly Aerospace are falling today, in particular 77 00:03:29,960 --> 00:03:32,880 Speaker 4: after there was an explosion when they were testing one 78 00:03:32,919 --> 00:03:35,400 Speaker 4: of their rockets, and so of course that mishap is 79 00:03:35,440 --> 00:03:37,680 Speaker 4: really sort of delaying a lot of the expectations that 80 00:03:37,720 --> 00:03:40,560 Speaker 4: they had in regards to some of the plan launches 81 00:03:40,560 --> 00:03:43,240 Speaker 4: for both their Flight seven and Flight eight by year 82 00:03:43,360 --> 00:03:46,080 Speaker 4: end tier, so that schedule now looking a bit unlikely. 83 00:03:46,200 --> 00:03:49,640 Speaker 4: We're hearing from analysts across Wall Street. But this marks 84 00:03:49,640 --> 00:03:52,920 Speaker 4: the second mishap that we've experienced here with Firefly Aerospace. 85 00:03:52,960 --> 00:03:55,840 Speaker 4: They had Flight six that was lost just back in April, 86 00:03:55,960 --> 00:03:59,440 Speaker 4: so all personnel are safe here, but of course this 87 00:03:59,480 --> 00:04:01,880 Speaker 4: did result in the loss of a rocket stage. Here 88 00:04:02,160 --> 00:04:04,760 Speaker 4: shares her down for their worst day on record. 89 00:04:06,480 --> 00:04:10,720 Speaker 2: The stockmover's report from Bloomberg Radio Check back with us 90 00:04:10,720 --> 00:04:13,520 Speaker 2: throughout the day for the latest roundup of companies making 91 00:04:13,600 --> 00:04:17,200 Speaker 2: news on Wall Street, and for the latest market moving headlines. 92 00:04:17,440 --> 00:04:21,440 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 93 00:04:21,480 --> 00:04:24,560 Speaker 2: dot com, and on Applecarplay and Android Auto with the 94 00:04:24,600 --> 00:04:25,960 Speaker 2: Bloomberg Business app.