WEBVTT - Pfizer Gains, CoreWeave Climbs, Firefly Aerospace Plunges on Rocket Explosion

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Masser along with Tim Stenevic. Let's take a

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<v Speaker 3>look at some stocks on the move today with us

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<v Speaker 3>as Bloomberg TV Markets correspondent Nora Melnda in the house.

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<v Speaker 3>And yes we are watching the drug names in particular

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<v Speaker 3>Pfeiser cannot stop.

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<v Speaker 4>We see Peiser is the second biggest gainer in the

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<v Speaker 4>S and P five hundred today. Let's take our pfe

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<v Speaker 4>Of course, we know this stock has really been in

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<v Speaker 4>focus largely Trump involved today, so essentially they're going to

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<v Speaker 4>be getting a three year reprieve, specifically as it relates

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<v Speaker 4>to those pharma tariffs here, and of course we know

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<v Speaker 4>this has been promised and coming in terms of the tariffs,

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<v Speaker 4>so the fact that they are able to miss that

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<v Speaker 4>aspect is of course a positive. Here we're looking at

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<v Speaker 4>shares of Peiser up about six point seven or six

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<v Speaker 4>point five percent, and I know that it's highest here. That

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<v Speaker 4>is its biggest internting gained since May twenty twenty four,

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<v Speaker 4>so really seeing some strong gains here. Of course, they

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<v Speaker 4>also talked about the fact that they're going to be

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<v Speaker 4>selling some of their drugs at a discounted price, slashing

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<v Speaker 4>it by about fifty percent. That discount there and this

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<v Speaker 4>of course will be marketed here on trump r X,

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<v Speaker 4>which is a direct to consumer webs is.

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<v Speaker 3>The expectation they're going to make it up on volume

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<v Speaker 3>and so because it's a price cut. So I'm trying

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<v Speaker 3>and I understand it sounds like they're also maybe cutting

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<v Speaker 3>out the PBMs and the middleman.

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<v Speaker 4>But I'm a little kind of the logistics here.

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<v Speaker 3>I'm a little confused.

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<v Speaker 1>I think the message is also one of playing politics.

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<v Speaker 1>And I don't mean that in any sort of pejorative way.

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<v Speaker 1>I mean in a way that look at the reprieve

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<v Speaker 1>that they were able to get as a result of

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<v Speaker 1>what the White House doing what the White House wants

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<v Speaker 1>it to do.

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<v Speaker 3>But I feel like this, I don't know.

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<v Speaker 1>You also see peers higher, Yeah, I'm really higher right

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<v Speaker 1>now by five percent is aps six percent?

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<v Speaker 4>Definitely positivity all across that industry right now as you

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<v Speaker 4>look at what the market's doing right now. But I

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<v Speaker 4>wanted to move over into some of those recent IPOs

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<v Speaker 4>so CORBYV. That's ticker CRWV. We know that this one

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<v Speaker 4>IPO just back in March. Here we're looking at shares

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<v Speaker 4>the same.

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<v Speaker 3>It's not having a good year, I mean, I.

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<v Speaker 4>Mean shares of core Weave, you know, when we're looking

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<v Speaker 4>today though in the green I'm being sarcastic, up as

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<v Speaker 4>much as sixteen percent in trading today. And this of

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<v Speaker 4>course is after it set up a deal here fourteen

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<v Speaker 4>billion dollars with Meta. This of course highlights the demand

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<v Speaker 4>for artificial intelligence. I mean, this is the story that

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<v Speaker 4>we've been hearing over and over again. Doesn't matter what

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<v Speaker 4>industry we're talking about. AI is the story here. But

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<v Speaker 4>this deal with Meta Platforms runs through December twenty thirty one,

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<v Speaker 4>with an option to extend through twenty thirty two here

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<v Speaker 4>with additional capacity. This should help diversify core Weave's business

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<v Speaker 4>away from Microsoft.

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<v Speaker 1>It's really interesting because it's a lot of like strange

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<v Speaker 1>bedfellows here when it comes to who's buying what. This

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<v Speaker 1>goes to show you've got to diversify your sources of

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<v Speaker 1>this because this is a finite resource. People want compute

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<v Speaker 1>and they want it.

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<v Speaker 4>Now, only adding to their games of two hundred and

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<v Speaker 4>forty two percent.

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<v Speaker 3>Only they were having a good year.

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<v Speaker 1>They are having a great year.

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<v Speaker 4>Fantastic year.

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<v Speaker 3>Let's get to ticker a fly.

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<v Speaker 4>Yeah, so not doing so hot today. We're actually looking

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<v Speaker 4>at shares of Firefly Aerospace down today in trading. And

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<v Speaker 4>of course this is the company that IPO just early August.

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<v Speaker 4>Lots of IPO activity as we're seeing here across different industries,

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<v Speaker 4>but chairs of Firefly Aerospace are falling today, in particular

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<v Speaker 4>after there was an explosion when they were testing one

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<v Speaker 4>of their rockets, and so of course that mishap is

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<v Speaker 4>really sort of delaying a lot of the expectations that

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<v Speaker 4>they had in regards to some of the plan launches

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<v Speaker 4>for both their Flight seven and Flight eight by year

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<v Speaker 4>end tier, so that schedule now looking a bit unlikely.

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<v Speaker 4>We're hearing from analysts across Wall Street. But this marks

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<v Speaker 4>the second mishap that we've experienced here with Firefly Aerospace.

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<v Speaker 4>They had Flight six that was lost just back in April,

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<v Speaker 4>so all personnel are safe here, but of course this

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<v Speaker 4>did result in the loss of a rocket stage. Here

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<v Speaker 4>shares her down for their worst day on record.

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<v Speaker 2>The stockmover's report from Bloomberg Radio Check back with us

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<v Speaker 2>news on Wall Street, and for the latest market moving headlines.

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