1 00:00:02,520 --> 00:00:07,000 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 00:00:16,480 --> 00:00:18,520 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:18,560 --> 00:00:21,959 Speaker 2: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a 6 00:00:22,000 --> 00:00:25,640 Speaker 2: morning where a lot is happening in the mag seven. 7 00:00:25,800 --> 00:00:30,920 Speaker 2: Some very interesting dynamics there, starting with Nvidia under pressure 8 00:00:30,960 --> 00:00:32,159 Speaker 2: this morning, Valerie, good morning. 9 00:00:32,240 --> 00:00:34,199 Speaker 1: A lot of drama when it comes to the Mag 10 00:00:34,320 --> 00:00:37,440 Speaker 1: seven this morning, and Vidia down two point two percent 11 00:00:37,920 --> 00:00:41,800 Speaker 1: in pre market train after China says a preliminary probe 12 00:00:41,840 --> 00:00:45,800 Speaker 1: has found in Nvidia violated anti monopoly law. This is 13 00:00:45,840 --> 00:00:48,400 Speaker 1: in relation to an acquisition it made back in twenty 14 00:00:48,520 --> 00:00:51,960 Speaker 1: twenty of Melanox, which is a networking chip maker. The 15 00:00:52,040 --> 00:00:55,880 Speaker 1: Chinese regulator said it would investigate further, but didn't clarify 16 00:00:55,960 --> 00:00:58,560 Speaker 1: any remedies it will seek. And it also comes at 17 00:00:58,600 --> 00:01:02,600 Speaker 1: a very suspicious The US and China officials are headed 18 00:01:02,600 --> 00:01:07,000 Speaker 1: into their second day of trade and economic negotiations in Madrid, 19 00:01:07,040 --> 00:01:09,280 Speaker 1: so it does seem to be like China is trying 20 00:01:09,280 --> 00:01:12,640 Speaker 1: to amp up the pressure, perhaps on the US administration 21 00:01:12,800 --> 00:01:15,360 Speaker 1: with this hit to Navidia down two point two percent. 22 00:01:15,480 --> 00:01:18,160 Speaker 3: And on the other side of the coin Valerie, A 23 00:01:18,200 --> 00:01:21,720 Speaker 3: lot of investors buying Tesla this morning. And it's not 24 00:01:21,840 --> 00:01:24,319 Speaker 3: just investors who are he is. 25 00:01:24,319 --> 00:01:28,080 Speaker 1: Not just investors, it's a CEO himself. Tesla shares up 26 00:01:28,160 --> 00:01:31,040 Speaker 1: six and a quarter percent in pre market, really flying 27 00:01:31,080 --> 00:01:34,920 Speaker 1: this morning after a filing showed that on September twelfth, 28 00:01:35,080 --> 00:01:38,840 Speaker 1: just last Friday, CEO Elon Musk purchased two and a 29 00:01:38,920 --> 00:01:44,960 Speaker 1: half million shares of Tesla, which amounts to one billion dollars. Now, 30 00:01:44,959 --> 00:01:48,720 Speaker 1: he hasn't made big splashy trades in Tesla stock since 31 00:01:48,760 --> 00:01:52,040 Speaker 1: twenty twenty two, but back then he was selling Tesla 32 00:01:52,080 --> 00:01:55,080 Speaker 1: shares in order to fund his purchase of Twitter. This 33 00:01:55,240 --> 00:01:59,000 Speaker 1: move means he's already netted around seventy million dollars on 34 00:01:59,120 --> 00:02:01,800 Speaker 1: his new position two and a half million shares of 35 00:02:01,840 --> 00:02:04,800 Speaker 1: Tesla one billion dollars spent by the CEO on Friday, 36 00:02:04,840 --> 00:02:06,960 Speaker 1: and the stock is up six and a half percent. 37 00:02:07,000 --> 00:02:12,160 Speaker 3: And climbing as we speak. Well away from the tech space, valerie, 38 00:02:12,520 --> 00:02:17,280 Speaker 3: Hyms and Hers is dropping this morning. What happened there? 39 00:02:17,600 --> 00:02:20,080 Speaker 1: Yeah, down two point eight percent in pre market trade. 40 00:02:20,120 --> 00:02:23,560 Speaker 1: It came after the FDA chief cited the Hymns and 41 00:02:23,600 --> 00:02:27,480 Speaker 1: Hers Super Bowl ad as an example of the industry's 42 00:02:27,639 --> 00:02:31,880 Speaker 1: misleading adverts, citing how all the upsides were mentioned on 43 00:02:31,919 --> 00:02:35,000 Speaker 1: this GLP one drug that they were advertising, but none 44 00:02:35,000 --> 00:02:38,080 Speaker 1: of the side effects and disclaimers were included, and he 45 00:02:38,200 --> 00:02:41,480 Speaker 1: used the ad to argue that the agency is overdue 46 00:02:41,520 --> 00:02:44,640 Speaker 1: for a crackdown on misleading pharma ads. And comes after 47 00:02:44,680 --> 00:02:49,120 Speaker 1: Trump's executive order last week again puts scrutiny on the sector. 48 00:02:49,200 --> 00:02:51,040 Speaker 1: So Hyms and Hers and the Red down two point 49 00:02:51,080 --> 00:02:51,919 Speaker 1: eight percent. 50 00:02:51,880 --> 00:02:54,880 Speaker 3: And I see you've got Warner Brothers Discovery still on 51 00:02:54,919 --> 00:02:58,000 Speaker 3: your radar this morning after the Emmys. 52 00:02:58,040 --> 00:03:01,200 Speaker 1: Maybe well the Emmys. The big wins at the Emmys 53 00:03:01,240 --> 00:03:03,720 Speaker 1: weren't enough to boost the stock price further. It already 54 00:03:03,800 --> 00:03:07,320 Speaker 1: rallied fifty percent in the last two sessions on the 55 00:03:07,360 --> 00:03:10,440 Speaker 1: back of Paramount being a potential stuoter fraud's assets. But 56 00:03:10,480 --> 00:03:13,960 Speaker 1: Warner brother Discovery it's down one percent this morning, even 57 00:03:14,000 --> 00:03:17,000 Speaker 1: though they're Emmy winnings not boosting the share price. HBO 58 00:03:17,040 --> 00:03:19,920 Speaker 1: Max was a big winner at the Emmys, which is 59 00:03:19,919 --> 00:03:23,120 Speaker 1: owned by Warner Brothers. The medical drama The Pit was 60 00:03:23,200 --> 00:03:25,600 Speaker 1: the most nominated show of the season. 61 00:03:26,840 --> 00:03:30,840 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 62 00:03:30,919 --> 00:03:33,480 Speaker 2: us throughout the day for the latest roundup of companies 63 00:03:33,560 --> 00:03:36,680 Speaker 2: making news on Wall Street and for the latest market 64 00:03:36,720 --> 00:03:41,160 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 65 00:03:41,240 --> 00:03:44,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 66 00:03:44,840 --> 00:03:46,320 Speaker 2: the Bloomberg Business app.