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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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Speaker 1: your roundup of companies making moves in the stock market

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Speaker 1: harnessing the power of Bloomberg data.

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Speaker 2: Let's take a look at some stocks on the move today.

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Speaker 2: We're joined by Bloomberg Surveillance. Is Lisa Matteo Lisa.

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Speaker 3: All right.

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Speaker 4: I want to start with news Max because the stock's

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Speaker 4: still extending its games. This is ef for Jump seven

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Speaker 4: hundred and thirty five percent. They had its IPO debut Monday,

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Speaker 4: and Max that's a ticker NMAX. They raised seventy five

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Speaker 4: million dollars in the offering. Their share price gives a

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Speaker 4: company a market value of more than ten point seven

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Speaker 4: billion dollars, and it was actually among the twenty five

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Speaker 4: most actively traded on Fidelities platform. But what's really interesting

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Speaker 4: the founder, Christopher Ruddy. He's now billionaire. He's sitting on

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Speaker 4: three point three billion dollar fortune. And the News at

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Speaker 4: Work actually lost seventy two million in twenty twenty four.

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Speaker 4: That was on revenue of about one hundred and seventy

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Speaker 4: one million. But shares are still on the rise this morning.

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Speaker 3: That's amazing. I mean that kind of came out of

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Speaker 3: nowhere for me. I mean, but you know they're showing

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Speaker 3: some growth here and this is like a MEMI thing. Now.

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Speaker 4: They were saying in the article, they were saying it

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Speaker 4: seemed like that, you know, it seemed like the whole game,

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Speaker 4: you know, games kind of exploded, but its shares are

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Speaker 4: still higher right now.

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Speaker 3: Yeah, it's a it's a thing. I mean, they got

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Speaker 3: I was just going to the last calendar twenty four

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Speaker 3: one hundred and seventy one million revenue, so not not

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Speaker 3: making money.

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Speaker 2: The share price the lead manager was digital offering. Is

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Speaker 2: that the shadow corporation.

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Speaker 3: I don't know, I don't know who those folks are,

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Speaker 3: but we've got the stock out out the door.

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Speaker 2: And it was a whole road show.

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Speaker 4: Yeah, and then we want to go to Live Nation.

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Speaker 4: The shares have been down nearly like twelve two percent

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Speaker 4: before the bell. But the whole reason why President Trump

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Speaker 4: he signed that executive order cracking down on concert ticket

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Speaker 4: scalpers and fees, and they really drive up the costs

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Speaker 4: for people like us attending live events. It directs the

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Speaker 4: FEC to work with the DOJ to kind of ensure

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Speaker 4: that competition laws aren'tforced. But he signed the executive order.

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Speaker 4: Kid Rock by his side. Kid Rock was saying, those

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Speaker 4: computer bought purchases of tickets, they're hurting artists and their fans.

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Speaker 4: But you if you remember former President Joe Biden, he

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Speaker 4: targeted what he called junk fees. So it's kind of

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Speaker 4: like playing more off of that, like those hidden charges

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Speaker 4: at raizor prices not only concert ticket but for things

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Speaker 4: like hotels and different things.

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Speaker 3: Like I mean, stock is down eighteen percent year to date,

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Speaker 3: but over the trailing twelve months it's off seventy two percent,

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Speaker 3: So just really okay, getting.

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Speaker 2: Worst Taylor Swift fit into this.

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Speaker 4: Well, that was what sparked the concerts when when President

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Speaker 4: Joe Biden kind of stepped in because of all the

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Speaker 4: ridiculous money. I mean, how much were those tickets going for?

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Speaker 2: Sometimes like surveillance Swift concert coordinator and get worse, Silverman

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Speaker 2: who sold outrageous she sold a son to get her

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Speaker 2: daughter to go. You know rock stars.

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Speaker 4: Tylor pointed it, you gotta do what you gotta do.

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Speaker 4: Johnson and Johnson, Uh, those shares they've been down more

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Speaker 4: than about four percent before them. So the reason behind

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Speaker 4: this is that federal judge rejected its third attempt third

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Speaker 4: attempt to use that bankruptcy to set up this multi

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Speaker 4: billion dollar trust to resolve all its TALC related lawsuits.

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Speaker 4: So specifically we're talking about they were trying to use

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Speaker 4: that small J and J unit, it was called a

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Speaker 4: red River TALC to reserve those lawsuits instead of facing

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Speaker 4: trials around the country in different courts. So that's the reason.

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Speaker 3: Did they remove the TA compounder off the shelves because

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Speaker 3: didn't they all grow up using that?

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Speaker 1: Yeah?

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Speaker 3: Correct?

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Speaker 4: Correct? And it was like this two week trial in Houston,

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Speaker 4: and that's what they were trying to do for all

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Speaker 4: these lawsuits. I mean, it would have set aside like

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Speaker 4: nine billion dollars for the victims.

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Speaker 3: I just I don't know, all right, I'm with Paul.

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Speaker 2: I don't get it.

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Speaker 1: I don't get it.

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Speaker 4: I thought we all sure.

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Speaker 2: I don't want to say jokes about it.

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Speaker 3: I don't understand.

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Speaker 4: Sure, it's a serious, Yeah, it's a serious center. And

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Speaker 4: then another one that point that's standing out to me.

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Speaker 4: It's this company. It's a lithium eye on battery maker,

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Speaker 4: micro Vast. It shares up as much as twenty six percent,

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Speaker 4: so that's why it stayed out to me. But it's

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Speaker 4: revenue twenty twenty four beat guidance growing demand for lithium

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Speaker 4: ion battery, so that was the reason for that. There's

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Speaker 4: also a few upgrades and down grades. When you look

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Speaker 4: at Southwest Delta American Airlines, they're all lower this morning.

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Speaker 4: That was a downgrade from Jeffrey's uncertainty love that word

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Speaker 4: around consumer corporate spending. And then you have Kroger two.

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Speaker 4: Melia analyst downgraded that from sell to hold.

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Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with

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