1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,800 --> 00:00:18,960 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,200 --> 00:00:22,920 Speaker 3: I'm Tom Keene with David Gura and Bloomberg's Lisa Monteo. 6 00:00:23,040 --> 00:00:24,160 Speaker 4: Do you leave with Tesla? 7 00:00:24,480 --> 00:00:25,840 Speaker 2: We have to, you have to. 8 00:00:25,920 --> 00:00:26,960 Speaker 3: It's sharking. 9 00:00:27,600 --> 00:00:29,479 Speaker 5: So it's all about the filing, right. It shows Elon 10 00:00:29,560 --> 00:00:32,239 Speaker 5: Musk bought about a billion dollars worth of shares. It 11 00:00:32,280 --> 00:00:35,479 Speaker 5: shows that it was to revocable trust this past Friday. 12 00:00:35,880 --> 00:00:38,360 Speaker 5: But it's about the timing, right because you have, you know, 13 00:00:38,400 --> 00:00:41,680 Speaker 5: the news and that pay proposal from Tesla's board for Musk, 14 00:00:41,760 --> 00:00:45,519 Speaker 5: you know, about a billion dollar, about a trillion dollars 15 00:00:46,000 --> 00:00:48,160 Speaker 5: if he hits these certain milestones, right, if the company 16 00:00:48,200 --> 00:00:50,800 Speaker 5: does reach that, Bloomberg reporting the last time that he 17 00:00:50,920 --> 00:00:53,440 Speaker 5: bought Tesla stock in the open market, it was February 18 00:00:53,520 --> 00:00:55,720 Speaker 5: twenty twenty. That's when he acquired Twitter. 19 00:00:55,880 --> 00:00:57,360 Speaker 4: Really the last time maybe that was the. 20 00:00:57,320 --> 00:00:59,800 Speaker 5: Last time, yeah, and that was because of the Twitter acquisition. 21 00:01:00,760 --> 00:01:04,120 Speaker 5: So if they do carry over into the regular trading season, 22 00:01:04,200 --> 00:01:07,120 Speaker 5: the stock will return the positive territory for twenty twenty five, 23 00:01:07,600 --> 00:01:10,440 Speaker 5: having recovered from a forty five percent decline out of 24 00:01:10,480 --> 00:01:11,200 Speaker 5: early April. 25 00:01:11,280 --> 00:01:13,400 Speaker 3: So does this have to do with any of your 26 00:01:13,440 --> 00:01:16,399 Speaker 3: reporting and the fact he's going to make a trillion 27 00:01:16,480 --> 00:01:17,839 Speaker 3: dollars somewhere out there. 28 00:01:18,319 --> 00:01:18,880 Speaker 1: That was the one. 29 00:01:18,959 --> 00:01:20,880 Speaker 5: Yeah, It's kind of like right after that, you know, 30 00:01:20,920 --> 00:01:24,240 Speaker 5: we had the Tesla board member on Bloomberg just going. 31 00:01:24,240 --> 00:01:26,000 Speaker 1: To wish a pause here just to say what a 32 00:01:26,080 --> 00:01:28,000 Speaker 1: coup that was for Ed lad alone. Carolina Hide to 33 00:01:28,000 --> 00:01:30,120 Speaker 1: talk to Rom Denholm, who's the share of the Tesla board. 34 00:01:30,200 --> 00:01:31,679 Speaker 1: Very rare interview that was. 35 00:01:31,640 --> 00:01:34,520 Speaker 4: Only Caroline, luckily had nothing to do with it. 36 00:01:34,920 --> 00:01:36,400 Speaker 1: That's going to call in and just get minute. 37 00:01:39,080 --> 00:01:41,160 Speaker 3: If you're wait, please call in. 38 00:01:41,720 --> 00:01:45,400 Speaker 5: Continue. Okay, we'll go to another big one and Vidia. 39 00:01:46,160 --> 00:01:49,680 Speaker 5: Their shares have been down nearly two percent. So the 40 00:01:49,720 --> 00:01:52,400 Speaker 5: big news behind here is China's market regular. They're saying 41 00:01:52,440 --> 00:01:55,600 Speaker 5: in Vidia has violated anti monopoly laws and this is 42 00:01:55,640 --> 00:02:00,120 Speaker 5: related to the acquisition. It's a networking gear maker, Melanox Technology. 43 00:02:00,480 --> 00:02:03,600 Speaker 5: So what happened. Beijing gave the approval for seven billion 44 00:02:03,600 --> 00:02:06,160 Speaker 5: dollar that seven billion dollar acquisition about four years ago. 45 00:02:06,280 --> 00:02:09,280 Speaker 5: So the condition was that in Nvidia not discriminate against 46 00:02:09,320 --> 00:02:12,680 Speaker 5: Chinese companies, but now China is having an issue. They 47 00:02:12,680 --> 00:02:15,639 Speaker 5: didn't say what kind of resolution they're looking for. They 48 00:02:15,680 --> 00:02:17,760 Speaker 5: just said they're going to investigate it further. But I 49 00:02:17,800 --> 00:02:19,600 Speaker 5: mean that the timing them here too. I mean you 50 00:02:19,639 --> 00:02:21,560 Speaker 5: have a lot of pressure in Washington right now. We 51 00:02:21,680 --> 00:02:22,919 Speaker 5: have those officials meeting. 52 00:02:22,760 --> 00:02:25,360 Speaker 3: As a president looks at twice a year reporting, not 53 00:02:25,560 --> 00:02:28,079 Speaker 3: four times a year. Can I point out in Vidia 54 00:02:28,160 --> 00:02:31,440 Speaker 3: is up forty nine percent in the last twelve months. 55 00:02:31,560 --> 00:02:34,800 Speaker 3: You go so to push fear missing now dive you. 56 00:02:34,880 --> 00:02:37,280 Speaker 1: There this And we had the Treasury Secretary Scott Besson 57 00:02:37,320 --> 00:02:39,640 Speaker 1: who's talking to reporters after a meeting that took place 58 00:02:39,680 --> 00:02:42,440 Speaker 1: in Madrid with his h with his Chinese counterparts on 59 00:02:42,440 --> 00:02:44,960 Speaker 1: with Jameson Grew, the US Trade representative, and Scott Besson 60 00:02:45,040 --> 00:02:47,320 Speaker 1: saying after that meeting that the US and China did 61 00:02:47,360 --> 00:02:49,639 Speaker 1: discuss the poor timing, as he put it, of the 62 00:02:49,760 --> 00:02:53,040 Speaker 1: Nvidia investigation that was announced by China today, So roiling 63 00:02:53,080 --> 00:02:53,920 Speaker 1: that as well. 64 00:02:53,919 --> 00:02:56,120 Speaker 5: Exactly do you have one more I have? Yeah, I'll 65 00:02:56,120 --> 00:02:56,920 Speaker 5: give you two quickies. 66 00:02:56,960 --> 00:02:57,240 Speaker 1: Okay. 67 00:02:57,280 --> 00:03:00,160 Speaker 5: So Hymn's and hers health ticker HIMS, their share has 68 00:03:00,240 --> 00:03:03,600 Speaker 5: been down as much as two percent. The reason for 69 00:03:03,680 --> 00:03:06,480 Speaker 5: this is because FDA commissioner he said that their Super 70 00:03:06,480 --> 00:03:10,519 Speaker 5: Bowl commercial breached agency rules. So it highlighted the benefits 71 00:03:10,560 --> 00:03:12,720 Speaker 5: of GLP one drugs, but it did enlist the side 72 00:03:12,760 --> 00:03:13,960 Speaker 5: effects and that's a big no no. 73 00:03:14,200 --> 00:03:16,840 Speaker 1: Madison Muller, our colleague writing a lot about this, really 74 00:03:16,840 --> 00:03:19,280 Speaker 1: getting in front of it, and recommend her writing about 75 00:03:19,280 --> 00:03:21,800 Speaker 1: the Super Bowl ad in particularly, just that the predicament 76 00:03:21,840 --> 00:03:23,359 Speaker 1: this company is in right now, how how it moves 77 00:03:23,400 --> 00:03:25,320 Speaker 1: ahead after all this, I wanted to fly them. 78 00:03:26,200 --> 00:03:27,000 Speaker 5: Can I do one more? 79 00:03:27,080 --> 00:03:27,440 Speaker 3: Please? 80 00:03:27,520 --> 00:03:27,760 Speaker 2: Okay? 81 00:03:27,840 --> 00:03:32,520 Speaker 5: Yes, Corteva, this is sick your CTVA as much as 82 00:03:32,520 --> 00:03:34,840 Speaker 5: one percent. And this is actually a story from the 83 00:03:34,880 --> 00:03:37,480 Speaker 5: Wall Street Journal. Yeah, they said the company is considering 84 00:03:37,560 --> 00:03:41,200 Speaker 5: separating it's seed and the pesticide business into two company. 85 00:03:41,520 --> 00:03:43,080 Speaker 4: Yes, this is the old DuPont. 86 00:03:43,640 --> 00:03:46,040 Speaker 5: Yes, I was just gonna say, yes, old DuPont down 87 00:03:46,080 --> 00:03:46,920 Speaker 5: from twenty nineteen. 88 00:03:47,040 --> 00:03:47,920 Speaker 2: Who comes up with. 89 00:03:47,840 --> 00:03:55,160 Speaker 4: The name Corteva, wonderfully Chapel Hill, Yeah right, what God's 90 00:03:55,240 --> 00:03:58,120 Speaker 4: name is Corteva? When you have the romance of the 91 00:03:58,200 --> 00:04:02,440 Speaker 4: Dow Chemical and DuPont names of Wilmington gone, it's nuts. 92 00:04:03,320 --> 00:04:08,680 Speaker 5: It's a market what is this break so they're gonna split. 93 00:04:08,720 --> 00:04:10,280 Speaker 5: I mean we've seen it right. News of Craft Tie 94 00:04:10,320 --> 00:04:12,120 Speaker 5: talk about it, Warner Brothers talk about doing all the 95 00:04:12,240 --> 00:04:13,320 Speaker 5: it's happening. 96 00:04:13,080 --> 00:04:14,920 Speaker 3: The city and animals like us a snow big deal. 97 00:04:15,160 --> 00:04:17,880 Speaker 4: They do a majority of the soybeans seeds. 98 00:04:17,960 --> 00:04:19,560 Speaker 1: Yes, they grow soybeans. 99 00:04:21,120 --> 00:04:25,160 Speaker 2: This Stock Movers report from Bloomberg Radio. 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