1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:19,520 Speaker 1: Bloomberg's normal Inda here with some stocks on the move 5 00:00:19,560 --> 00:00:22,200 Speaker 1: today and Nora get us started with Verizon. 6 00:00:22,000 --> 00:00:26,120 Speaker 3: Yes, Verizon and EchoStar in focus ticker VZ for Verizon 7 00:00:26,160 --> 00:00:30,040 Speaker 3: and SATs here for EchoStar. We're looking at the two 8 00:00:30,080 --> 00:00:33,800 Speaker 3: companies right now. We've got echo Star shares jumping after 9 00:00:33,920 --> 00:00:36,600 Speaker 3: news that it will be engaging in some talks to 10 00:00:36,640 --> 00:00:40,239 Speaker 3: sell some of its wireless spectrum to Verizon Communications. If 11 00:00:40,280 --> 00:00:42,360 Speaker 3: you look more broadly, this stock has really been on 12 00:00:42,400 --> 00:00:45,160 Speaker 3: a tear this year, up two hundred and thirty percent 13 00:00:45,240 --> 00:00:47,519 Speaker 3: so far here today. And of course this news with 14 00:00:47,760 --> 00:00:50,600 Speaker 3: Verizon in terms of the conversations that they're having definitely 15 00:00:50,600 --> 00:00:53,240 Speaker 3: follows what we were looking at back in late August 16 00:00:53,280 --> 00:00:56,240 Speaker 3: about AT and T buying some spectrum licenses from EchoStar 17 00:00:56,560 --> 00:00:59,240 Speaker 3: for about twenty three billion dollars in cash here, so 18 00:00:59,440 --> 00:01:01,200 Speaker 3: we know echo Star really has relationships with a few 19 00:01:01,240 --> 00:01:04,920 Speaker 3: of these other companies AT and T, SpaceX as well, 20 00:01:05,000 --> 00:01:08,160 Speaker 3: so lots to really dig into for this company. Really 21 00:01:08,200 --> 00:01:10,920 Speaker 3: seeing some strong gains here for investors. 22 00:01:12,000 --> 00:01:13,000 Speaker 1: Again about time. 23 00:01:13,080 --> 00:01:16,120 Speaker 2: We've waited for a dozen years for these returns, So 24 00:01:16,240 --> 00:01:17,399 Speaker 2: there we go. Okay, what else? 25 00:01:17,680 --> 00:01:21,680 Speaker 3: Also looking at shares of Spotify, that's take our spot here, 26 00:01:22,240 --> 00:01:24,959 Speaker 3: sliding down as much as five point six percent. That's 27 00:01:25,000 --> 00:01:28,520 Speaker 3: the worst since July here in terms of daily performance. 28 00:01:28,720 --> 00:01:31,320 Speaker 3: And this is after news that at CEO Daniel Eck 29 00:01:31,480 --> 00:01:34,800 Speaker 3: is stepping aside after leading the company for almost two 30 00:01:34,880 --> 00:01:37,560 Speaker 3: decades here he was one of the co founders of 31 00:01:37,600 --> 00:01:40,840 Speaker 3: the company, but they will be promoting two people here 32 00:01:40,880 --> 00:01:43,319 Speaker 3: that were co presidents. They will be jointly running the 33 00:01:43,360 --> 00:01:45,960 Speaker 3: company moving forward here. But of course, this has really 34 00:01:45,959 --> 00:01:48,200 Speaker 3: been a challenging time more broadly when you think about 35 00:01:48,240 --> 00:01:52,200 Speaker 3: Spotify and a lot of these streaming different platforms here, 36 00:01:52,280 --> 00:01:54,400 Speaker 3: especially as you think about AI kind of coming in 37 00:01:54,480 --> 00:01:57,240 Speaker 3: and kind of challenging the order here. So it's a 38 00:01:57,240 --> 00:01:59,560 Speaker 3: bit of a time of flux right now, especially with 39 00:02:00,040 --> 00:02:03,600 Speaker 3: growth slowing to its lowest rate in years, especially as 40 00:02:03,640 --> 00:02:05,800 Speaker 3: we have streaming kind of maturing in some of those 41 00:02:05,800 --> 00:02:08,880 Speaker 3: major markets here. So definitely a lot going on there 42 00:02:08,919 --> 00:02:11,239 Speaker 3: with Spotify seeing a slide of as much as five 43 00:02:11,280 --> 00:02:12,440 Speaker 3: point six percent. 44 00:02:12,240 --> 00:02:14,760 Speaker 1: And I'm just bracing myself for more price hikes from 45 00:02:14,760 --> 00:02:18,919 Speaker 1: Spotify as well. I know, speaking of prices, Noura, you're 46 00:02:18,960 --> 00:02:23,120 Speaker 1: looking at Pfizer because there's reports and expectations that it 47 00:02:23,160 --> 00:02:25,960 Speaker 1: will cut some drug prices in a deal with President Trump, right, 48 00:02:26,000 --> 00:02:26,320 Speaker 1: I mean. 49 00:02:26,240 --> 00:02:28,680 Speaker 3: They So there is this expectation here. So we are 50 00:02:28,720 --> 00:02:31,880 Speaker 3: seeing shares of Pfizer charging higher here up about two 51 00:02:31,919 --> 00:02:35,720 Speaker 3: point seven percent right now. That's Tacker Pfe here, And 52 00:02:35,760 --> 00:02:38,280 Speaker 3: so this is the announcement about plans to lower prescription 53 00:02:38,360 --> 00:02:40,680 Speaker 3: drug prices. Of course, we know this is an event 54 00:02:40,720 --> 00:02:44,640 Speaker 3: alongside Trump and including across the board reductions on US 55 00:02:44,720 --> 00:02:47,480 Speaker 3: prices more broadly, but Americans that are enrolled in the 56 00:02:47,560 --> 00:02:51,000 Speaker 3: US Medicare insurance program will received the most favored nation 57 00:02:51,320 --> 00:02:54,840 Speaker 3: pricing on some of Pfizer's medicines, and Pfiser role launch 58 00:02:54,919 --> 00:02:58,119 Speaker 3: direct to consumer sales of drugs at substantial discounts through 59 00:02:58,320 --> 00:02:59,440 Speaker 3: Trump Our ex. 60 00:03:00,280 --> 00:03:01,560 Speaker 2: Trump our X. That's a thing. 61 00:03:01,720 --> 00:03:02,239 Speaker 3: That's a thing. 62 00:03:03,919 --> 00:03:08,160 Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us 63 00:03:08,160 --> 00:03:11,000 Speaker 2: throughout the day for the latest roundup of companies making 64 00:03:11,040 --> 00:03:14,680 Speaker 2: news on Wall Street and for the latest market moving headlines. 65 00:03:14,880 --> 00:03:18,880 Speaker 2: Listen to Bloomberg Radio Live Catch us on YouTube, Bloomberg 66 00:03:18,919 --> 00:03:22,000 Speaker 2: dot com, and on Applecarplay and Android Auto with the 67 00:03:22,040 --> 00:03:23,400 Speaker 2: Bloomberg Business app.