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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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

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

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Speaker 1: Well, let's take a look at some of the stocks

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Speaker 1: on the move today with us as Bloomberg News Cross

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Speaker 1: Asset reporter Emily Graffe. Oh, she's here in our Bloomberg

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Speaker 1: BusinessWeek a studio. What is on your radar today, Emily?

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Speaker 3: Okay.

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Speaker 4: So it's definitely a more rotational type of day because

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Speaker 4: when you look at the sector level, consumer staples, utilities, energies,

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Speaker 4: those are the sectors that are outperforming, whereas infotech is

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Speaker 4: one of the worst performers in the SP five hundred.

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Speaker 4: When you look under the hood, I'm watching Maderna. It's

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Speaker 4: down over seven percent to the lowest level since March

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Speaker 4: twenty twenty, which is never a good no.

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Speaker 1: I remember Moderna and that was enough for the news

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Speaker 1: that you know, you got one of the shots working

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Speaker 1: for the COVID.

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Speaker 4: Vaccine right right, So that stock is down thirty percent

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Speaker 4: to date. Specifically, today, we have a number of vaccine

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Speaker 4: makers falling after a top regulator at the USFDA left,

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Speaker 4: which is I guess casting uncertainty about the future of vaccines,

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Speaker 4: the future of regulation. The regulator was Peter Marx and

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Speaker 4: he was overseeing the review and approval of vaccines and

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Speaker 4: other medications. He actually cited friction with the views of

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Speaker 4: Robert F. Kennedy Junior. Wall Street is saying this is

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Speaker 4: kind of creating uncertainty and it's a significant negative for

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Speaker 4: biotech and biopharma, at least according to BMO Capital Markets.

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Speaker 3: Those analysts said in the notes.

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Speaker 4: Were positive on the confirmation of this new FDA commissioner,

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Speaker 4: but politicization of the FDA runs counter to the agency's mission.

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Speaker 4: But the stock is down a lot, maybe a little

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Speaker 4: bit of just again fear and uncertainty about this regime

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Speaker 4: change at the FDA.

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Speaker 5: Interesting biotechs and looking at the spider s and p

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Speaker 5: Biotech ETF down about four percent, So I mean, are

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Speaker 5: really taking it on the chin. But it's the group overall, right,

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Speaker 5: a little bit nervous.

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Speaker 3: Yeah, that's right.

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Speaker 4: I'm also watching shares of Celsius Holdings, the energy drink maker.

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Speaker 3: Going in the other direction, going in the other direction.

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Speaker 4: So right now it's up about seven percent, called six

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Speaker 4: percent highest. It did hit its highest level since September, though,

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Speaker 4: after an upgrade from Truerst Securities. Their rationale for this

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Speaker 4: was this caught my eye. So they said they upgraded

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Speaker 4: the stock from by to hold, saying that the company

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Speaker 4: is now going to have a stronger position in the

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Speaker 4: women's segment of the energy drink category.

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Speaker 3: Why are you looking at me?

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Speaker 2: I don't know. I don't know.

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Speaker 3: I mean, you're a woman. I'm a woman.

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Speaker 4: So they acquired a Lani new which is an energy

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Speaker 4: drink brand.

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Speaker 3: I've never heard of it. I googled it.

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Speaker 4: The cans are pink. They had partnered with Kim Kardashian

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Speaker 4: a couple of years ago.

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Speaker 5: Will be that easy that just because it's a pink can,

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Speaker 5: we're going to drink it. I'm just going to tell

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Speaker 5: you no.

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Speaker 4: Yeah, I don't know. Anyway, though, the stock is higher,

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Speaker 4: and it seems like this upgrade in this Wall Street

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Speaker 4: note is the reason why, or there's you know, some

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Speaker 4: correlation here, but.

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Speaker 5: Instead, really well, this year, that's like thirty five percent.

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Speaker 3: A lot of people drink Celsius.

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Speaker 4: I mean I see men and women drink I don't,

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Speaker 4: but like I see every flavor at my local bodega.

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Speaker 3: And I do see both people drinking, men and women drink.

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Speaker 1: Okay, this year you said, what thirty something thirty five percent? Okay,

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Speaker 1: down fifty two percent last year that said, that said

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Speaker 1: it was up fifty seven percent and twenty three thirty

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Speaker 1: nine percent in twenty two, and then you go back

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Speaker 1: to twenty twenty, it was up close at nine hundred

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Speaker 1: and forty percent.

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Speaker 4: So yeah, this is like a I mean, I guess

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Speaker 4: if you're trying to make a new energy drink brand,

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Speaker 4: the Legacy Ones, red Bull Monster, I mean, they are

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Speaker 4: pretty masculine, so.

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Speaker 3: You're branching out right, they're branching at it.

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Speaker 5: Yes, stock I should say, it's almost twenty percent or

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Speaker 5: twenty percent of the float is shorted, so there's you know,

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Speaker 5: there's some negative tone there.

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Speaker 1: Okamlier I know there is an IPO on your radar today.

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Speaker 4: Okay, news Max, I can't like not bring this up

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Speaker 4: because the stock has skyrocketed this company. IPO today moved

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Speaker 4: as much as six hundred eighty three percent higher in

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Speaker 4: the debut session. This is a conservative media outlet. People

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Speaker 4: want the shares. I guess it is reached good today, IPO.

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Speaker 3: Well, it's I mean, it's kind of hard to deal.

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Speaker 4: At least if you look at Bloomberg News's coverage, there

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Speaker 4: could be some retail buying in the stock. It has

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Speaker 4: kind of been moving around though it was halted for

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Speaker 4: trading for volatility, Yeah, which is what you would expect

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Speaker 4: if a stock moves up over six hundred percent.

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Speaker 5: I mean, I ten right opened at fourteen and it's

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Speaker 5: now at sixty six and change. It's it's really kind

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Speaker 5: of interesting to track on the Bloomberg right.

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Speaker 1: Because it's kind of when it's seventy eight dollars.

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Speaker 3: It's pretty wid dollar marketing right now.

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Speaker 1: So so you know, the message I think maybe for

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Speaker 1: the folks who did this IPO is there was so

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Speaker 1: much a man maybe they left some money on the table, hmm.

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Speaker 4: Pricing It could have priced it higher if you look

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Speaker 4: at what Bloomberg's Bailey Lipschultz has written today. He's our

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Speaker 4: IPO reporter. He said, individual investors appear to be pushing

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Speaker 4: into the stock. The company is among the thirty most

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Speaker 4: actively traded on Fidelities platform, which is one of the

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Speaker 4: biggest brokerages for retail clients.

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Speaker 5: And I don't think it's making any money.

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Speaker 3: I guess we'll have to wait and see.

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Speaker 5: Ours is the mania for a loss making cable public company.

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Speaker 5: Yeah right, so we'll wait so that first earnings is

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Speaker 5: firstly interesting.

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Speaker 1: Everyone knows media and it's an amazing business.

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Speaker 3: Of course, look at us, a good bunch of stocks.

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Speaker 5: Thank you so much, really appreciate it. Bloomberg News crossuse

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Speaker 5: at reporter Emily Graffeo.

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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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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

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Speaker 2: Bloomberg dot com, and on Apple, our Play and Android

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Speaker 2: Atto with the Bloomberg Business app.

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Speaker 1: Mm hmm