Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovek, Romain Bostik, and Katie Greifel.
Speaker 3: All Right, guys, let's go to some of the individual
Speaker 3: gainers in today's session, and that includes Eli Lilly. You
Speaker 3: did see that stock gaining about four point eight percent
Speaker 3: in today's session. Double dose of news today's sending shares
Speaker 3: of Lily hired today. First up, the early morning news
Speaker 3: at Nova Nordk's next generation ob City shot falling short
Speaker 3: of Eli Lily's blockbuster rival drug. So that certainly weighed
Speaker 3: on Novo, but gave some momentum to the upside for
Speaker 3: Eli Lilly. They continue to really dominate in the GLP
Speaker 3: one space. We were just talking with our Madison Mueller. Secondly,
Speaker 3: the FDA has approved a label expansion for zepbound, which
Speaker 3: is of course Eli Lilly's drug, to include the four
Speaker 3: dove single patient use QuickPen. It just gives basically patients
Speaker 3: another way to use their medication. So that was seen
Speaker 3: certainly as a plus side for Eli Lilly. Let's go
Speaker 3: to a name we don't talk about a lot our
Speaker 3: Selects tickers ACLX. This one definitely rallying in today's session,
Speaker 3: up about seventy seven percent here at the close after
Speaker 3: Gilead Science has agreed to buy this US cancer focused
Speaker 3: biotech for as much as seven point eight billion as
Speaker 3: it looks to boost its drug pipeline. So we've often
Speaker 3: seen this move among some of the drug players. Gilead,
Speaker 3: which owns about eleven and a half percent of our
Speaker 3: Selects's outstanding stock, will pay one hundred and fifteen per
Speaker 3: share in cash, with a contingent payment of five dollars
Speaker 3: per share dependent on future sales. That was the statement
Speaker 3: to put out the price that was almost double ar
Speaker 3: selecx's Friday closing price. And then Domino's Pizza up more
Speaker 3: than seven percent out of highs today but finishing with
Speaker 3: a gain of about four percent in today's session after
Speaker 3: the company reported a larger than a expected rise in
Speaker 3: comparable sales as consumers were drawn to the pizza chain's
Speaker 3: budget friendly pies. So that include stuffed crust pizzas and
Speaker 3: its best deal ever pizza promotion. Wow yeah, all right, well,
Speaker 3: let meet some.
Speaker 4: Pizza, not all delivery related.
Speaker 3: It's been a while.
Speaker 4: Did you get it delivered?
Speaker 3: No, it's been a while, but I've had other pizza delivery.
Speaker 4: Okay, Well, speaking of deliveries, we saw a big sell
Speaker 4: off here in any delivery payments and software stocks. Wanted
Speaker 4: to highlight door Dash that stock was down over six
Speaker 4: percent and all coming after that report we were talking
Speaker 4: about from Cincrini Research where they lay out the potential
Speaker 4: risks that AI could pose to various segments of the
Speaker 4: global economy. It's a situation where a lot of white
Speaker 4: collar jobs would be replaced by AI, and they said
Speaker 4: prepare for potential left hair risks as AI makes the
Speaker 4: economy increasingly weird. I also want to point out shares
Speaker 4: of Yeah, that's what they said inreasingly weird. They use
Speaker 4: the word weird, weird, interesting, weird things are going on Romain.
Speaker 4: I don't know, maybe AI had a hand in writing
Speaker 4: this and the word that they came up with not
Speaker 4: quite short, but Cintriny research.
Speaker 2: Okay.
Speaker 4: Also looking at shares of Gap, that stock falling closing
Speaker 4: the day down about six percent. We saw a lot
Speaker 4: of retailers. Gap was one of them closing after Trump
Speaker 4: said he will increase the global US terra freight to
Speaker 4: fifteen percent. Gap was one of the worst performers among
Speaker 4: its peers, with trading volumes about double the average for
Speaker 4: a normal day. And then finally IBM shares sinking thirteen percent,
Speaker 4: biggest one day decline in this stock since two thousand,
Speaker 4: the shares plunging after the AI startup. Anthropic said that
Speaker 4: its clawed code tool can help with modernizing COBOL. I
Speaker 4: think I'm saying that right, which is a dated programming
Speaker 4: language that's mainly run on IBM computers. So a big
Speaker 4: shock here too, again speaking to that AI trade and
Speaker 4: the AI disruption romain.
Speaker 1: Yeah, I do want to take a look at Yiltza
Speaker 1: for a second though, And right before we came to you,
Speaker 1: we had the CIO Citizens Private Wealth was talking about
Speaker 1: a bit of more of an embrace here of bonds,
Speaker 1: and you certainly saw that here on this day, probably
Speaker 1: one of the more meaningful moves we've seen with regards
Speaker 1: to prices meeting prices going up and yields going down.
Speaker 1: Your ten uere down about five basis points here on
Speaker 1: the day, four basis points on your two year yield
Speaker 1: and about thirty excuse me, about two basis points on
Speaker 1: your thirty year yield, So a bit of a shift down,
Speaker 1: not quite fully parallel, but a bit of a shift
Speaker 1: down in the yield curve. Here on this Monday afternoon.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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