Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg data. Let's take a look
Speaker 1: at some of the stocks on the move today. We
Speaker 1: can do that with Bloombergs and not Italie Kenny, Djevich Tali.
Speaker 2: What are you looking at today? Let's start with banks, guys.
Speaker 2: Shares of JP Morgan are now flat parents some earlier losses,
Speaker 2: so we know that the company posted highest ever for
Speaker 2: all the revenue for the first three months of the year.
Speaker 2: What is interesting is that revenue was up by in
Speaker 2: both equity and fixed income space, up twenty percent from
Speaker 2: a year earlier. It just highlights how traders nicely navigated
Speaker 2: this volatile environment now. JP Morgan also lowered full year
Speaker 2: net interest income guidance to back to one of three
Speaker 2: billion dollars, but held outlook excluding markets for NII stady.
Speaker 2: In terms of deal making, investment making venue was up
Speaker 2: by thirty eight percent year of a year, so it
Speaker 2: looks like this year is a year of IPO for
Speaker 2: JP Morgan. CEO, of course, highlighted some uncertainty related to
Speaker 2: the geopolitical.
Speaker 1: Development, right, and the big IPOs haven't even happened yet
Speaker 1: this year, so there's more money to be made. All right,
Speaker 1: let's talk about your second stock.
Speaker 2: JJ, Yes, the tickets J ANDJ. The stock is also flat,
Speaker 2: but earnings results were really positive. So the company reported
Speaker 2: first quart of sales above expectations. Overall sales growth was
Speaker 2: ten percent up from a year ago. Boosted also its
Speaker 2: outlook for the year, led by strong growth in some areas,
Speaker 2: including cancer medicines. Now, it is interesting that the solid
Speaker 2: results basically highlight how big drug makers, including JJ, are
Speaker 2: navigating this environment, despite the fact that some of them,
Speaker 2: including JJ, had to make the deal with the White
Speaker 2: House to lower drug prices. So again, the management highlighted
Speaker 2: that the drug maker expects to be excluded from the
Speaker 2: new pharmaceutical tariffs announced in early earlier this month because
Speaker 2: again it made a deal with the Trump administration to
Speaker 2: provide discounts. One more, one more yeah, so a global star.
Speaker 2: This is one of the biggest movers today the tickers gsat.
Speaker 2: The stock is up by almost ten percent after Amazon
Speaker 2: agreed to buy the company for ninety dollars a share.
Speaker 2: So Amazon is building its own lower orbit satellite network
Speaker 2: called Amazon Leo, so it is a bit to compete
Speaker 2: with ill umusks Starling. So Amazon is pitching Leo for
Speaker 2: retail and also business customers. So we'll see how this
Speaker 2: plays out, but for now, investors and analysts are pretty
Speaker 2: optimistic about that and Global Star is a relatively small company.
Speaker 2: It provides mobile voice data communications services viaset.
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