Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Masser along with Tim Stenevic. Let's take a
Speaker 3: look at some stocks on the move today with us
Speaker 3: as Bloomberg TV Markets correspondent Nora Melnda in the house.
Speaker 3: And yes we are watching the drug names in particular
Speaker 3: Pfeiser cannot stop.
Speaker 4: We see Peiser is the second biggest gainer in the
Speaker 4: S and P five hundred today. Let's take our pfe
Speaker 4: Of course, we know this stock has really been in
Speaker 4: focus largely Trump involved today, so essentially they're going to
Speaker 4: be getting a three year reprieve, specifically as it relates
Speaker 4: to those pharma tariffs here, and of course we know
Speaker 4: this has been promised and coming in terms of the tariffs,
Speaker 4: so the fact that they are able to miss that
Speaker 4: aspect is of course a positive. Here we're looking at
Speaker 4: shares of Peiser up about six point seven or six
Speaker 4: point five percent, and I know that it's highest here. That
Speaker 4: is its biggest internting gained since May twenty twenty four,
Speaker 4: so really seeing some strong gains here. Of course, they
Speaker 4: also talked about the fact that they're going to be
Speaker 4: selling some of their drugs at a discounted price, slashing
Speaker 4: it by about fifty percent. That discount there and this
Speaker 4: of course will be marketed here on trump r X,
Speaker 4: which is a direct to consumer webs is.
Speaker 3: The expectation they're going to make it up on volume
Speaker 3: and so because it's a price cut. So I'm trying
Speaker 3: and I understand it sounds like they're also maybe cutting
Speaker 3: out the PBMs and the middleman.
Speaker 4: But I'm a little kind of the logistics here.
Speaker 3: I'm a little confused.
Speaker 1: I think the message is also one of playing politics.
Speaker 1: And I don't mean that in any sort of pejorative way.
Speaker 1: I mean in a way that look at the reprieve
Speaker 1: that they were able to get as a result of
Speaker 1: what the White House doing what the White House wants
Speaker 1: it to do.
Speaker 3: But I feel like this, I don't know.
Speaker 1: You also see peers higher, Yeah, I'm really higher right
Speaker 1: now by five percent is aps six percent?
Speaker 4: Definitely positivity all across that industry right now as you
Speaker 4: look at what the market's doing right now. But I
Speaker 4: wanted to move over into some of those recent IPOs
Speaker 4: so CORBYV. That's ticker CRWV. We know that this one
Speaker 4: IPO just back in March. Here we're looking at shares
Speaker 4: the same.
Speaker 3: It's not having a good year, I mean, I.
Speaker 4: Mean shares of core Weave, you know, when we're looking
Speaker 4: today though in the green I'm being sarcastic, up as
Speaker 4: much as sixteen percent in trading today. And this of
Speaker 4: course is after it set up a deal here fourteen
Speaker 4: billion dollars with Meta. This of course highlights the demand
Speaker 4: for artificial intelligence. I mean, this is the story that
Speaker 4: we've been hearing over and over again. Doesn't matter what
Speaker 4: industry we're talking about. AI is the story here. But
Speaker 4: this deal with Meta Platforms runs through December twenty thirty one,
Speaker 4: with an option to extend through twenty thirty two here
Speaker 4: with additional capacity. This should help diversify core Weave's business
Speaker 4: away from Microsoft.
Speaker 1: It's really interesting because it's a lot of like strange
Speaker 1: bedfellows here when it comes to who's buying what. This
Speaker 1: goes to show you've got to diversify your sources of
Speaker 1: this because this is a finite resource. People want compute
Speaker 1: and they want it.
Speaker 4: Now, only adding to their games of two hundred and
Speaker 4: forty two percent.
Speaker 3: Only they were having a good year.
Speaker 1: They are having a great year.
Speaker 4: Fantastic year.
Speaker 3: Let's get to ticker a fly.
Speaker 4: Yeah, so not doing so hot today. We're actually looking
Speaker 4: at shares of Firefly Aerospace down today in trading. And
Speaker 4: of course this is the company that IPO just early August.
Speaker 4: Lots of IPO activity as we're seeing here across different industries,
Speaker 4: but chairs of Firefly Aerospace are falling today, in particular
Speaker 4: after there was an explosion when they were testing one
Speaker 4: of their rockets, and so of course that mishap is
Speaker 4: really sort of delaying a lot of the expectations that
Speaker 4: they had in regards to some of the plan launches
Speaker 4: for both their Flight seven and Flight eight by year
Speaker 4: end tier, so that schedule now looking a bit unlikely.
Speaker 4: We're hearing from analysts across Wall Street. But this marks
Speaker 4: the second mishap that we've experienced here with Firefly Aerospace.
Speaker 4: They had Flight six that was lost just back in April,
Speaker 4: so all personnel are safe here, but of course this
Speaker 4: did result in the loss of a rocket stage. Here
Speaker 4: shares her down for their worst day on record.
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