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Speaker 2: The Stock Movers Report, your roundup of companies making moves
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Speaker 1: Paul Sweni and Scarlett Food here with you on this Friday.
Speaker 1: This is Bloomberg Intelligence and we are keeping our eye
Speaker 1: on the market drivers here and normal Linda Bloomberg Television
Speaker 1: Markets correspondent has our big Movers of the hour and
Speaker 1: Nora get Us started with the world's biggest asset manager, Blackrock.
Speaker 3: Whils some potential m and a action going on here.
Speaker 3: So Blackrocks Global Infrastructure Partners is allegedly in advanced talks
Speaker 3: to acquire aligned data centers. This could be valued at
Speaker 3: about forty billion dollars here in this particular transaction. Of course,
Speaker 3: we know this is taker BLK really interesting activity going
Speaker 3: on in terms of the stock performance right now IP
Speaker 3: about three tenths of a percent. But they did note
Speaker 3: in the story here that we have out on the
Speaker 3: Bloomberg terminal that has spokesperson for black Rock declined to
Speaker 3: comment here, but we do know that GIP hasn't reached
Speaker 3: a final agreement for aligned data centers and some details
Speaker 3: could potentially change, and as we know, since talks are ongoing,
Speaker 3: there's no guarantee that this ends in a transaction, but
Speaker 3: definitely some interesting news percolating here for black Rock.
Speaker 1: All right, how about the by Do over in China.
Speaker 3: Yes by Dow looking at the ad rs right now
Speaker 3: up about one point three percent as we speak, but
Speaker 3: earlier off as much as two point seven percent, which
Speaker 3: hit its highest intra day level since twenty twenty three.
Speaker 3: And this is some news of course coming out of
Speaker 3: Morgan Stanley raising the price target on the company to
Speaker 3: one forty from one hundred, which it had before. They
Speaker 3: did maintain the equal weight rating there, but they do
Speaker 3: expect core ads to remain under pressure here for the company,
Speaker 3: but they've seen bullish sentiment, particularly in aiicloud, driving the
Speaker 3: stock to rerate and particular with its proprietary AI chip value.
Speaker 3: Is what the analyst there is talking about. And the
Speaker 3: new target here is slightly under what we do know
Speaker 3: the stock hit yesterday which it closed out about one
Speaker 3: forty point two three, So that's getting a bit of
Speaker 3: a boos here. If you look at sharers of by Do,
Speaker 3: the ADRs up sixty nine percent so far, you're today.
Speaker 1: And Rivian Bloomberg reporting something not so long ago. The
Speaker 1: stock is down about nine tens one percent.
Speaker 3: Right, we have auto automakers largely in focus over the
Speaker 3: past couple of days here and Rivian ticker riv in
Speaker 3: really in focus today, in particular after plans to do
Speaker 3: a redesign of its door in terms of addressing safety
Speaker 3: issues in particular, so reworking at key element there of
Speaker 3: its vehicle doors, and that's what you're seeing h of course,
Speaker 3: kind of affecting the stock today. Here's her down about
Speaker 3: seven tens of percent.
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