1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,040 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,040 --> 00:00:18,640 Speaker 1: at some of the stocks on the move today. I'm 5 00:00:18,640 --> 00:00:23,560 Speaker 1: post when alongside Scarlett Film were joined by Bloombergs not Avi. 6 00:00:24,400 --> 00:00:29,160 Speaker 2: Hi, guys, So let's start with regional banks. So true 7 00:00:29,200 --> 00:00:32,360 Speaker 2: is financial deticular as TFC shares are up by three 8 00:00:32,360 --> 00:00:37,040 Speaker 2: point four percent today just a dps netterest non interest 9 00:00:37,080 --> 00:00:41,319 Speaker 2: income came about expectations. The bank also reported lower than 10 00:00:41,400 --> 00:00:45,720 Speaker 2: expected provisions for credit losses, and it kept unchanged its 11 00:00:45,760 --> 00:00:50,440 Speaker 2: full year pre tax and pre provision outlook. Analysts, of course, 12 00:00:50,479 --> 00:00:54,520 Speaker 2: attributed strong results to strong fees coming from investment banking 13 00:00:54,600 --> 00:00:58,920 Speaker 2: division and on the earning scoll, the management said that 14 00:00:58,960 --> 00:01:02,760 Speaker 2: the bank had noakssure to trickle or holdings and had 15 00:01:02,880 --> 00:01:06,440 Speaker 2: some exposure to first brands. Overall, when we look at 16 00:01:06,480 --> 00:01:09,800 Speaker 2: regional banks these results, yes, there is a lot of volatility, 17 00:01:09,880 --> 00:01:12,760 Speaker 2: but one of the highlights is that they show still 18 00:01:12,840 --> 00:01:16,120 Speaker 2: shows strong demand for car loans and it's kind of 19 00:01:16,200 --> 00:01:19,560 Speaker 2: a little bit erasing some concerns about the strength that 20 00:01:19,640 --> 00:01:22,920 Speaker 2: the US consumer and low income consumers specifically. 21 00:01:23,200 --> 00:01:25,920 Speaker 1: Yeah, we see the KRE the ETF that tracts regional 22 00:01:25,959 --> 00:01:28,640 Speaker 1: banks recovering a little bit, up one point three percent 23 00:01:28,680 --> 00:01:31,800 Speaker 1: after plunging six point two percent yesterday. Yeah, let's talk 24 00:01:31,840 --> 00:01:32,600 Speaker 1: about Micron. 25 00:01:33,319 --> 00:01:36,640 Speaker 2: Yeah, so Micron, the tickets MU shares are down by 26 00:01:37,080 --> 00:01:40,720 Speaker 2: two percent today. Reuters reported that the chip maker plans 27 00:01:40,760 --> 00:01:44,880 Speaker 2: to stop supplying server chips to data centers in China, 28 00:01:45,240 --> 00:01:48,560 Speaker 2: and that of course, could come after the company kind 29 00:01:48,600 --> 00:01:51,960 Speaker 2: of failed to recover from this twenty twenty three bank. 30 00:01:52,400 --> 00:01:55,480 Speaker 2: As a reminder, in twenty twenty three, China announced that 31 00:01:55,600 --> 00:02:02,040 Speaker 2: Micron products caused significant security risks to its information infrastructure. Meanwhile, 32 00:02:02,080 --> 00:02:06,200 Speaker 2: sources told told Reuters that Micron will continue to sell 33 00:02:06,240 --> 00:02:11,000 Speaker 2: to len Novo and another Chinese customer with significant data 34 00:02:11,000 --> 00:02:14,000 Speaker 2: centers outside the company, and also will still be supplying 35 00:02:14,080 --> 00:02:19,040 Speaker 2: chips to auto and mobile phone sectors and customers in China. Meanwhile, 36 00:02:19,040 --> 00:02:24,040 Speaker 2: we saw some analysts upgrade today, specifically from Mizuho Securities. 37 00:02:24,560 --> 00:02:27,799 Speaker 2: The analyst raised price target to two hundred and forty 38 00:02:27,919 --> 00:02:31,880 Speaker 2: dollars from one ninety five. The stock is currently trading 39 00:02:31,919 --> 00:02:33,640 Speaker 2: a one ninety eight. 40 00:02:35,160 --> 00:02:36,520 Speaker 1: Novo Nord desk. 41 00:02:37,240 --> 00:02:40,520 Speaker 2: Yeah, so drugmakers are in focus today. Obviously the tickers 42 00:02:40,680 --> 00:02:45,560 Speaker 2: n Ovo B The stock is down by six percent. 43 00:02:45,680 --> 00:02:48,720 Speaker 2: This is, if I'm not mistaken, the largest drop since July. 44 00:02:49,280 --> 00:02:52,280 Speaker 2: Of course, it comes after a President Donald Trump said 45 00:02:52,360 --> 00:02:56,080 Speaker 2: that prices of ozempic could come down to just one 46 00:02:56,160 --> 00:03:00,839 Speaker 2: hundred and fifty dollars a month of Other drugmakers such 47 00:03:00,840 --> 00:03:04,520 Speaker 2: as Li Lilly are also under pressure. So just as 48 00:03:04,520 --> 00:03:08,320 Speaker 2: a reminder, US list price of ozembek is roughly about 49 00:03:08,360 --> 00:03:11,720 Speaker 2: one thousand dollars on a monthly supply. However, when we 50 00:03:11,760 --> 00:03:14,600 Speaker 2: look at analysts comments, we see that BMO is saying 51 00:03:14,600 --> 00:03:19,079 Speaker 2: that negotiated price may not present such a huge fundamental 52 00:03:19,240 --> 00:03:24,200 Speaker 2: change to Nova's business because ozembek actual price after deducting 53 00:03:24,280 --> 00:03:30,079 Speaker 2: all insurer discounts is likely approximately sixty to seventy percent 54 00:03:30,520 --> 00:03:34,040 Speaker 2: lower than the published price. But anyway, stock is under pressure, 55 00:03:34,080 --> 00:03:37,000 Speaker 2: down almost sixty percent of the past twelve months. 56 00:03:37,880 --> 00:03:41,920 Speaker 1: The Stock Mover's report from Bloomberg Radio. 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