1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:19,799 Speaker 3: I'm Charlie Pellet in the Bloomberg newsroom, and now let's 5 00:00:19,800 --> 00:00:21,959 Speaker 3: take a look at some stocks on the move. Joining 6 00:00:22,040 --> 00:00:26,319 Speaker 3: us is Bloomberg Equities reporter Alex Semenova. Got to begin 7 00:00:26,440 --> 00:00:30,320 Speaker 3: with in Vidia shares. The stock is up again today. 8 00:00:30,680 --> 00:00:35,840 Speaker 3: What's behind the move in in video ticker NVDA? 9 00:00:36,240 --> 00:00:38,560 Speaker 1: Hey, Charlie, so, of course we do have to start 10 00:00:38,560 --> 00:00:41,879 Speaker 1: with the world's largest publicly traded company. It is up 11 00:00:41,920 --> 00:00:44,560 Speaker 1: about one point three percent right now after the company 12 00:00:44,600 --> 00:00:48,920 Speaker 1: agreed to a licensing deal with AI startup Grock. The 13 00:00:48,960 --> 00:00:52,080 Speaker 1: company has paid for the right to use Rock's technology 14 00:00:52,120 --> 00:00:55,440 Speaker 1: and we'll integrate its chip design into its future products. 15 00:00:55,680 --> 00:00:58,200 Speaker 1: Really interesting some of the moves that will happen around 16 00:00:58,320 --> 00:01:01,480 Speaker 1: this arrangement. Some of the star executives are leaving to 17 00:01:01,560 --> 00:01:04,319 Speaker 1: join in Nvidia to help with this effort, and GROC 18 00:01:04,360 --> 00:01:08,920 Speaker 1: will continue as an independent company with the new CEO. Obviously, 19 00:01:08,959 --> 00:01:11,959 Speaker 1: investors are liking this deal given the stock reaction, but 20 00:01:12,000 --> 00:01:13,760 Speaker 1: I also like to read off some of the Wall 21 00:01:13,800 --> 00:01:18,199 Speaker 1: Street analyst commentary. Bernstein said that the move appears strategic 22 00:01:18,280 --> 00:01:22,240 Speaker 1: in nature for Nvidia, as they leverage their increasingly powerful 23 00:01:22,319 --> 00:01:25,720 Speaker 1: balance sheet to maintain dominance in key areas. And then 24 00:01:25,800 --> 00:01:29,600 Speaker 1: Cantor Fitzgerald says that the news offers both offense and 25 00:01:29,720 --> 00:01:33,200 Speaker 1: defense and only enhances in Video's full system stack. 26 00:01:33,680 --> 00:01:36,119 Speaker 3: And here today should point out that in Vidia shares 27 00:01:36,200 --> 00:01:39,880 Speaker 3: up by forty two percent. A lot of focus on 28 00:01:40,040 --> 00:01:43,280 Speaker 3: gold and silver, a lot of focus on the records there, 29 00:01:43,319 --> 00:01:47,119 Speaker 3: but also if we're talking metals, you cannot ignore the 30 00:01:47,200 --> 00:01:51,920 Speaker 3: moves that we have seen recently in copper twelve thousand, 31 00:01:52,120 --> 00:01:55,960 Speaker 3: one hundred dollars a ton thereabout on copper. Let's talk 32 00:01:56,040 --> 00:02:00,520 Speaker 3: miners now, two companies in specific, Kerr and also Freeport 33 00:02:00,640 --> 00:02:04,000 Speaker 3: CDE and FCX on the ticker symbols. 34 00:02:03,600 --> 00:02:06,720 Speaker 1: There ind Charlie, these mining stocks have been on the 35 00:02:06,760 --> 00:02:09,960 Speaker 1: move in recent trading sessions. Just looking at Core today 36 00:02:10,040 --> 00:02:13,760 Speaker 1: and Freeport, they're both up as these metals hit record 37 00:02:13,840 --> 00:02:19,240 Speaker 1: highs amid rising geopolitical tensions. Jeffrey's analyst Chris Lafermina expects 38 00:02:19,400 --> 00:02:21,880 Speaker 1: that copper mining stocks will continue to have a strong 39 00:02:21,919 --> 00:02:25,320 Speaker 1: performance in twenty twenty six. He says we are bullish 40 00:02:25,360 --> 00:02:27,600 Speaker 1: on the outlook for the copper price based on a 41 00:02:27,639 --> 00:02:31,400 Speaker 1: combination of serious supply constraints in the industry and growing 42 00:02:31,520 --> 00:02:35,079 Speaker 1: global demands. So expected to see these moves continue into 43 00:02:35,120 --> 00:02:35,639 Speaker 1: the new year. 44 00:02:35,880 --> 00:02:38,200 Speaker 3: Indeed, and I'm looking at the year to date column 45 00:02:38,280 --> 00:02:43,280 Speaker 3: for Kerr up by two hundred and thirty three percent 46 00:02:43,400 --> 00:02:47,040 Speaker 3: in credit. All right, from miners, now to biotech. Let 47 00:02:47,120 --> 00:02:51,680 Speaker 3: us talk about Biohaven, which is a clinical stage biopharmaceutical company. 48 00:02:52,200 --> 00:02:56,120 Speaker 3: Shares we're lower in the early going, little change right now, 49 00:02:56,360 --> 00:02:59,440 Speaker 3: tell us about the news today involving Biohaven. 50 00:03:00,120 --> 00:03:03,840 Speaker 1: Really incredible move for this company. In today's trading session 51 00:03:03,880 --> 00:03:06,280 Speaker 1: in the pre market, it was down something like twelve 52 00:03:06,320 --> 00:03:09,960 Speaker 1: percent and now it's up just slightly. It was sinking 53 00:03:10,000 --> 00:03:13,800 Speaker 1: earlier after a mid stage study of the company's experimental 54 00:03:13,880 --> 00:03:17,919 Speaker 1: drug BHV seven thousand and four the treatment of major 55 00:03:17,960 --> 00:03:22,320 Speaker 1: depressive disorder, missed its primary end point. City said that 56 00:03:22,400 --> 00:03:26,480 Speaker 1: the data wor disappointing, but investors had very low expectations 57 00:03:26,520 --> 00:03:31,600 Speaker 1: of the study working. According to analyst Samantha Semencow, investors 58 00:03:31,639 --> 00:03:34,760 Speaker 1: have been more focused on the upcoming late stage epilepsy 59 00:03:34,800 --> 00:03:37,600 Speaker 1: study data for this company, so that probably made it 60 00:03:37,640 --> 00:03:41,600 Speaker 1: really easy to kind of shrug off that disappointing study result. 61 00:03:41,720 --> 00:03:44,880 Speaker 1: The company does not plan on any additional psychiatric clinical 62 00:03:44,880 --> 00:03:46,160 Speaker 1: trials into twenty twenty six. 63 00:03:46,520 --> 00:03:51,240 Speaker 3: BHVN on the ticker for Biohan and they are based 64 00:03:51,240 --> 00:03:55,360 Speaker 3: in New Haven, Connecticut. All right, from Biotech Now over 65 00:03:55,520 --> 00:03:59,440 Speaker 3: to Tesla. Tesla shares today? What are they doing and 66 00:03:59,480 --> 00:04:01,520 Speaker 3: what's the new involving Tesla? 67 00:04:01,640 --> 00:04:05,200 Speaker 1: So Tesla is down about one point four percent today. 68 00:04:05,240 --> 00:04:09,880 Speaker 1: This comes on the heels of Tesla facing renewed scrutiny 69 00:04:10,000 --> 00:04:14,840 Speaker 1: after auto safety regulators opened a probe into the emergency 70 00:04:14,920 --> 00:04:19,000 Speaker 1: releases in certain model three vehicles. The National Highway Traffic 71 00:04:19,040 --> 00:04:22,839 Speaker 1: Safety Administration said its evaluating claims that the mechanical door 72 00:04:22,880 --> 00:04:28,000 Speaker 1: release is hidden, unlabeled, and not intuitive to locate during 73 00:04:28,000 --> 00:04:32,640 Speaker 1: an emergency, so posing a danger for Tesla drivers. Klous, 74 00:04:32,640 --> 00:04:35,839 Speaker 1: a Tesla owner in Georgia, says that he was trapped 75 00:04:36,080 --> 00:04:39,520 Speaker 1: in his vehicle in twenty twenty three and requested a 76 00:04:39,600 --> 00:04:44,800 Speaker 1: defect a defect investigation. N HTSA said that it hasn't 77 00:04:44,839 --> 00:04:47,400 Speaker 1: decided whether to grant or deny the petition. 78 00:04:48,800 --> 00:04:52,840 Speaker 2: The stock movers report from Bloomberg Radio check back with 79 00:04:52,920 --> 00:04:55,520 Speaker 2: us throughout the day for the latest roundup of companies 80 00:04:55,560 --> 00:04:58,680 Speaker 2: making news on Wall Street, and for the latest market 81 00:04:58,680 --> 00:05:03,160 Speaker 2: moving headlines into Bloomberg Radio Live. Catch us on YouTube, 82 00:05:03,240 --> 00:05:06,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 83 00:05:06,839 --> 00:05:08,280 Speaker 2: the Bloomberg Business App.