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Speaker 1: Bloomberg Audio Studios podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I'm Jim stand back along with Carold Master. Let's take

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Speaker 1: a look at some stocks on the move today with

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Speaker 1: us is the Bloomberg News processt reporter Danitza Sokova, Denis,

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Speaker 1: are you taking us back in time? Yeah, today twenty

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Speaker 1: twenty one.

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Speaker 3: Right back in time to twenty twenty one and even further.

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Speaker 4: But I don't want to go talking about I don't

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Speaker 4: want to go there.

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Speaker 5: Yeah, same, same, I'll go further back talking about Pokemon cards.

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Speaker 3: So we're looking at games stop.

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Speaker 1: I'm sure that.

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Speaker 5: We're looking at GameStop. It's down as much as twenty

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Speaker 5: five percent. There are two developments. So first, the company

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Speaker 5: is focusing on collectibles and specifically trading card business. We

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Speaker 5: know it's been very popular for Pokemon cards. There have

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Speaker 5: been lines, people have uh. It's made up twenty nine

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Speaker 5: percent of the revenue in the first quarter.

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Speaker 3: It's been a big part of the business.

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Speaker 5: But investors, needless to say, they didn't take that very well.

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Speaker 5: The big drug started earlier this morning when we heard

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Speaker 5: the company announced plans to offer one point seventy five

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Speaker 5: billion worth of convertible bonds, which would make the video

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Speaker 5: game retail or one of the biggest issues of equitylingk securities.

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Speaker 5: We know this is a very popular trade book. More

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Speaker 5: and more people have been using it, but the name

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Speaker 5: that obviously comes to mind is Michael Sayers and his

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Speaker 5: company's strategy. They allowed this to happen in March, and

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Speaker 5: this is the second time they.

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Speaker 3: Do it, but it hasn't been taken well.

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Speaker 5: The company is down about thirty percent year to date,

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Speaker 5: so pretty well starts.

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Speaker 4: It's like borrowing money to buy bitcoin coin exactly right,

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Speaker 4: pretty much, and you know, as long as bitcoin keeps

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Speaker 4: going up and up and up, it's usually.

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Speaker 3: Good first strategies.

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Speaker 4: He's been great, but you know, if some that happens

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Speaker 4: not so good. I'm just going to point out, for

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Speaker 4: Game Stop, almost twelve percent of the float is shorted,

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Speaker 4: so investors continue to you know, have a little bit

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Speaker 4: of a skeptical view on this one. First to say.

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Speaker 1: That you just did, Yeah, I'm going to stock versus

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Speaker 1: left the barn, all right. A couple of stocks in

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Speaker 1: the biopharma space that you've got your eye on.

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Speaker 5: Yeah, let's talk about Beyond Tech. The ticker is b

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Speaker 5: and t X, and then cure Vacs the ticker is

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Speaker 5: cv AC. So Beyontech agreed to buy cure Vac, which

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Speaker 5: was a former rival. When it comes to the COVID vaccines,

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Speaker 5: we know obviously Beyond Tech partnered with Pfizer and became

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Speaker 5: one of the biggest vaccines in Europe, and then cure

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Speaker 5: Vax vaccine actually wasn't approved, but they have pivoted away

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Speaker 5: from infectious disease work and focused on cancer immunio therapies,

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Speaker 5: which is something Beyond Tech is expanding.

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Speaker 3: So clearly that's a good acquisition for them.

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Speaker 5: What we're seeing is that the reaction for BioNTech wasn't

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Speaker 5: that big. It was about two point half percent now

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Speaker 5: it's flat. But Cure of Acts had a great day.

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Speaker 5: It was up forty percent, now it's thirty something.

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Speaker 4: It helps to be the target right exactly.

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Speaker 5: Exactly, and obviously the company after covid didn't get the

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Speaker 5: same type of boost as most vaccine makers that were approved,

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Speaker 5: So that's a much needed relief there.

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Speaker 1: What M and A Usually it's M and A Monday,

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Speaker 1: but it's Thursday and we're getting some news.

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Speaker 4: Yeah, maybe you know, let's leve at the gate.

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Speaker 1: Maybe, hey, Oracle also on your radar today.

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Speaker 5: Yes, another big winner dicker is all our cl sort

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Speaker 5: of record high and it's based on a seventy percent

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Speaker 5: projected gain in cloud infrastructure. So the stock is about

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Speaker 5: fourteen percent today, twenty percent year today, So you can

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Speaker 5: see how one day move really changed the picture for

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Speaker 5: the stock. The company has been gaining traction in its

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Speaker 5: effort to become a major player in cloud computing, and

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Speaker 5: it's kind of an interesting niche.

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Speaker 3: In the AI. AI is just right renting out computing.

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Speaker 5: Power and storage, and it has struck very important partnership. First,

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Speaker 5: it has the open Ai partnership the Stargate. It also

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Speaker 5: has a partnership with Amazon. It has a partnership with

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Speaker 5: Meta Platforms with Ewan musk ex Ai. So clearly a

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Speaker 5: lot of optimism. The company had quite a few difficult months,

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Speaker 5: but that cloud computing business is definitely adding a big

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Speaker 5: boost and the stock is a twenty percent here todate.

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Speaker 3: I love this.

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Speaker 4: I feel like coming off of that Cisco event that

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Speaker 4: we did in San Diego, we talked so much about

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Speaker 4: You know Cisco historically networking routers, but really infrastructure, and

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Speaker 4: they seem to be firing on a lot of cylinders

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Speaker 4: when it comes to the AI infrastructure build.

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Speaker 1: Yeah, and here you have Oracle CEO saying that Oracle

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Speaker 1: could become one of the world's largest cloud infrastructure companies,

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Speaker 1: remaining performance obligations reaching one hundred and thirty eight billion

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Speaker 1: dollars in the quarter that ended May thirty first. It's

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Speaker 1: pretty remarkable, Yeah.

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Speaker 4: Helota, I think he's the number one gainer in the

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Speaker 4: S and P five hundred. So now the stock's up

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Speaker 4: about twenty percent year today.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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