WEBVTT - Dominion Energy Gains, Regeneron Tumbles, Hive Digital Technologies Rises as Subsidiary Plans High-Capacity Data Center

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move.

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<v Speaker 1>You can do that today with the Pride of the

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<v Speaker 1>University of Virginia. Emily GRAFAA, proces asset.

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<v Speaker 3>Reporter for Bloomberg News.

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<v Speaker 1>Emily, what are you looking at today?

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<v Speaker 3>Okay, So I'm looking at shares of Dominion Energy. I'm

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<v Speaker 3>one of the biggest movers in the stock market today.

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<v Speaker 3>The ticker is just d got it, single ticker puppeted

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<v Speaker 3>one exactly. The stock is up about ten percent right now,

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<v Speaker 3>highest level since twenty twenty two. On some deal news,

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<v Speaker 3>Next Era Energy agreed to buy the utility company in

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<v Speaker 3>an all stock transaction valued at about sixty seven billion dollars.

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<v Speaker 3>So we are seeing Next Era shares falling. The combined

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<v Speaker 3>company will operate under the name Next Era Energy. I

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<v Speaker 3>hope I'm saying that right. I think Next Era, Next Era,

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<v Speaker 3>Next Era.

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<v Speaker 1>Ok.

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<v Speaker 3>It's going to trade on the New York Stock Exchange

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<v Speaker 3>under the ticker ne Couple analysts morning though, talking about

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<v Speaker 3>how it's not a done deal. There are still some

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<v Speaker 3>regulatory hurdles that this needs to clear. Bloomberg Intelligence specifically

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<v Speaker 3>saying that this acquisition of Dominion would create the largest

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<v Speaker 3>US electricity utility holding company, but it could face a

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<v Speaker 3>difficult approval process given next to eras prior utility m

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<v Speaker 3>and a setbacks. So watching for that.

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<v Speaker 1>All right, So massive massive MNA deal to start this week.

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<v Speaker 1>Next up on your list.

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<v Speaker 3>We're generon. So these shares are down about eighteen percent

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<v Speaker 3>year to date and down about eleven percent today. This,

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<v Speaker 3>of course, is a biotech company, the ticker r e

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<v Speaker 3>g N. A big move down today, the shares tumbling

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<v Speaker 3>on a key late stage melanoma study a failure. This

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<v Speaker 3>was coming late on Friday. But they've had a series

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<v Speaker 3>of challenges for the US biotech and the latest one

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<v Speaker 3>this failure of this melanoma study.

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<v Speaker 2>Got it all right.

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<v Speaker 3>Last one's Hive Digital Technology.

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<v Speaker 1>So were these people?

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<v Speaker 3>Yeah, okay, so this is a smaller cap company, but

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<v Speaker 3>I wanted to flag it because the shares are currently

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<v Speaker 3>up about twenty eight percent. This is a cryptocurrency mining firm,

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<v Speaker 3>the ticker Hive. They said this morning that their cloud

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<v Speaker 3>and data subsidiary buzz HPC is building a three hundred

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<v Speaker 3>twenty one mega want ai data center in Toronto. Listen,

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<v Speaker 3>this is something that we've seen a couple other cryptomners do.

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<v Speaker 3>They're like trying to get into data centers and it's

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<v Speaker 3>something that the equity investors seem to like, and we're

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<v Speaker 3>seeing that this morning.

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<v Speaker 1>I know, but everyone jumps on this bandwagon. At some

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<v Speaker 1>point you're kind of like, really.

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<v Speaker 3>You just don't want to be the last one. Yeah, exactly.

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<v Speaker 3>But yeah, they have a lot of infrastructure, they like

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<v Speaker 3>have this capacity. I guess they have the.

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<v Speaker 2>Power to it goes up.

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<v Speaker 1>Let's sell some stuck. Yeah, it's a game of musical

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<v Speaker 1>chairs right when the music socks, just make sure you.

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<v Speaker 2>Have a c the Stockmover's Report from Bloomberg Radio. Check

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