Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move.
Speaker 1: You can do that today with the Pride of the
Speaker 1: University of Virginia. Emily GRAFAA, proces asset.
Speaker 3: Reporter for Bloomberg News.
Speaker 1: Emily, what are you looking at today?
Speaker 3: Okay, So I'm looking at shares of Dominion Energy. I'm
Speaker 3: one of the biggest movers in the stock market today.
Speaker 3: The ticker is just d got it, single ticker puppeted
Speaker 3: one exactly. The stock is up about ten percent right now,
Speaker 3: highest level since twenty twenty two. On some deal news,
Speaker 3: Next Era Energy agreed to buy the utility company in
Speaker 3: an all stock transaction valued at about sixty seven billion dollars.
Speaker 3: So we are seeing Next Era shares falling. The combined
Speaker 3: company will operate under the name Next Era Energy. I
Speaker 3: hope I'm saying that right. I think Next Era, Next Era,
Speaker 3: Next Era.
Speaker 1: Ok.
Speaker 3: It's going to trade on the New York Stock Exchange
Speaker 3: under the ticker ne Couple analysts morning though, talking about
Speaker 3: how it's not a done deal. There are still some
Speaker 3: regulatory hurdles that this needs to clear. Bloomberg Intelligence specifically
Speaker 3: saying that this acquisition of Dominion would create the largest
Speaker 3: US electricity utility holding company, but it could face a
Speaker 3: difficult approval process given next to eras prior utility m
Speaker 3: and a setbacks. So watching for that.
Speaker 1: All right, So massive massive MNA deal to start this week.
Speaker 1: Next up on your list.
Speaker 3: We're generon. So these shares are down about eighteen percent
Speaker 3: year to date and down about eleven percent today. This,
Speaker 3: of course, is a biotech company, the ticker r e
Speaker 3: g N. A big move down today, the shares tumbling
Speaker 3: on a key late stage melanoma study a failure. This
Speaker 3: was coming late on Friday. But they've had a series
Speaker 3: of challenges for the US biotech and the latest one
Speaker 3: this failure of this melanoma study.
Speaker 2: Got it all right.
Speaker 3: Last one's Hive Digital Technology.
Speaker 1: So were these people?
Speaker 3: Yeah, okay, so this is a smaller cap company, but
Speaker 3: I wanted to flag it because the shares are currently
Speaker 3: up about twenty eight percent. This is a cryptocurrency mining firm,
Speaker 3: the ticker Hive. They said this morning that their cloud
Speaker 3: and data subsidiary buzz HPC is building a three hundred
Speaker 3: twenty one mega want ai data center in Toronto. Listen,
Speaker 3: this is something that we've seen a couple other cryptomners do.
Speaker 3: They're like trying to get into data centers and it's
Speaker 3: something that the equity investors seem to like, and we're
Speaker 3: seeing that this morning.
Speaker 1: I know, but everyone jumps on this bandwagon. At some
Speaker 1: point you're kind of like, really.
Speaker 3: You just don't want to be the last one. Yeah, exactly.
Speaker 3: But yeah, they have a lot of infrastructure, they like
Speaker 3: have this capacity. I guess they have the.
Speaker 2: Power to it goes up.
Speaker 1: Let's sell some stuck. Yeah, it's a game of musical
Speaker 1: chairs right when the music socks, just make sure you.
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Speaker 2: of companies making news on Wall Street and for the
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