WEBVTT - AstraZeneca Potential Merger; Nvidia and Intel; SpaceX Reports Soon

0:00:02.520 --> 0:00:07.360
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:16.200
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.480 --> 0:00:18.360
<v Speaker 3>Let's take a look now at some of the stocks

0:00:18.480 --> 0:00:21.280
<v Speaker 3>on the move today. I'm Karen Moscow. We're joined by

0:00:21.280 --> 0:00:25.720
<v Speaker 3>a Bloombergy Stocks reporter, Isabelle Lee. Isabelle, Good morning, and

0:00:25.760 --> 0:00:30.080
<v Speaker 3>we're starting off today A mega pharma deal, A possibility

0:00:30.080 --> 0:00:31.880
<v Speaker 3>of that happening to start up us off on a

0:00:31.920 --> 0:00:33.840
<v Speaker 3>Monday morning. What are you talking about here?

0:00:34.240 --> 0:00:37.120
<v Speaker 1>Good morning, Karen. It is indeed a mega merger for

0:00:37.159 --> 0:00:39.319
<v Speaker 1>this Monday. I mean it's still in talks, but if

0:00:39.320 --> 0:00:42.280
<v Speaker 1>it does happen, it'll be the it would rack us

0:00:42.320 --> 0:00:46.400
<v Speaker 1>the largest ever pharma deal. This is Bristol Meyer and Astroseneca.

0:00:46.479 --> 0:00:50.120
<v Speaker 1>And you see the shares of asergenicas actually down in

0:00:50.159 --> 0:00:52.360
<v Speaker 1>pre market trade by around four and a half percent

0:00:52.479 --> 0:00:55.360
<v Speaker 1>if I'm looking at this correctly. Sometimes on a Monday morning,

0:00:55.360 --> 0:00:58.040
<v Speaker 1>I'm a little skeptical with my eyes. But the companies

0:00:58.040 --> 0:01:01.920
<v Speaker 1>said they've held early stage discuss about combining, and then

0:01:02.080 --> 0:01:04.400
<v Speaker 1>you see that it's really unclear if discussions are ongoing

0:01:04.520 --> 0:01:06.480
<v Speaker 1>or whether they will result in a transaction. This is

0:01:06.480 --> 0:01:09.400
<v Speaker 1>according to people familiar with the matter. But the thing

0:01:09.440 --> 0:01:12.480
<v Speaker 1>to note is that these are two cancer powerhouses, and

0:01:12.520 --> 0:01:15.039
<v Speaker 1>they would form the world's biggest drug maker with about

0:01:15.040 --> 0:01:17.319
<v Speaker 1>one hundred and seven billion dollars in annual revenue if

0:01:17.360 --> 0:01:20.560
<v Speaker 1>this happens. Analysts the work questioning whether it's this transaction

0:01:20.600 --> 0:01:24.240
<v Speaker 1>would even make sense because Astroseneca is really fast growing,

0:01:24.280 --> 0:01:26.080
<v Speaker 1>so maybe it can do it on its own. But

0:01:26.319 --> 0:01:27.800
<v Speaker 1>you see the stock they're kind of moving in the

0:01:27.840 --> 0:01:29.440
<v Speaker 1>opposite direction now, Karen.

0:01:29.520 --> 0:01:32.800
<v Speaker 3>All right, Well, we're also watching chip stocks following last

0:01:32.840 --> 0:01:37.240
<v Speaker 3>month's route. I mean the Philadelphia Stock Exchange Semiconductor Index.

0:01:37.360 --> 0:01:40.240
<v Speaker 3>That was a pretty good plunge last month. What are

0:01:40.240 --> 0:01:40.959
<v Speaker 3>you looking at here?

0:01:41.480 --> 0:01:43.800
<v Speaker 1>It is a pretty good plunge. I think it's actually

0:01:43.880 --> 0:01:46.320
<v Speaker 1>the worst month since two thousand and eight. They entered

0:01:46.319 --> 0:01:48.720
<v Speaker 1>bear market territory around mid month, and that's when you

0:01:48.760 --> 0:01:52.040
<v Speaker 1>drop more than twenty percent from their late June record high.

0:01:52.120 --> 0:01:56.320
<v Speaker 1>Even in Vidia, actually actually even Intel, it was the

0:01:56.360 --> 0:01:58.560
<v Speaker 1>worst major chip name in July. In Vidia, I got

0:01:58.560 --> 0:02:00.640
<v Speaker 1>ahead of myself. This is the stand. That's why I

0:02:00.640 --> 0:02:03.240
<v Speaker 1>got excited. It's essentially flat on the month, but then

0:02:03.280 --> 0:02:05.560
<v Speaker 1>compared to all of its other peers. It's definitely a

0:02:05.600 --> 0:02:08.160
<v Speaker 1>good month for them. I think the key backdrop is

0:02:08.200 --> 0:02:10.440
<v Speaker 1>really July and Mark a severe de rating in the

0:02:10.480 --> 0:02:13.120
<v Speaker 1>Semis trade. I mean, you saw the socks again, worse

0:02:13.200 --> 0:02:16.320
<v Speaker 1>months since GFC, Intel burying the brunt of that run,

0:02:16.440 --> 0:02:18.919
<v Speaker 1>and I think that's really just momentum reversal. I mean,

0:02:19.040 --> 0:02:22.560
<v Speaker 1>Nvidia demonstrated a lot of resilience. It's still flat, but

0:02:22.840 --> 0:02:25.000
<v Speaker 1>I mean it's a new month now, Karen, And if

0:02:25.000 --> 0:02:27.200
<v Speaker 1>you're looking at Intel, it's down by just seven ten

0:02:27.240 --> 0:02:29.160
<v Speaker 1>to one percent in pre market trade.

0:02:29.320 --> 0:02:31.079
<v Speaker 3>All right, it is a new month, as you said,

0:02:31.120 --> 0:02:33.800
<v Speaker 3>but the earnings do continue. And how exciting we're going

0:02:33.840 --> 0:02:36.400
<v Speaker 3>to hear from SpaceX. That's a big eie that comes tomorrow.

0:02:36.800 --> 0:02:40.840
<v Speaker 1>Definitely a biggie and definitely exciting because so it's the

0:02:41.000 --> 0:02:43.840
<v Speaker 1>ernest calls four thirty pm ET. This is SpaceX first

0:02:43.880 --> 0:02:48.239
<v Speaker 1>earnings report as a public company. And Bloomberg's Lauren grashe's

0:02:48.280 --> 0:02:51.080
<v Speaker 1>covered SpaceX for a while now. She was she appeared

0:02:51.080 --> 0:02:52.920
<v Speaker 1>on the weekend show and she said, never has she

0:02:53.120 --> 0:02:55.640
<v Speaker 1>gotten this much access because for the longest time. Of course,

0:02:55.680 --> 0:02:58.720
<v Speaker 1>it's a private company, so everyone will be looking at

0:02:58.840 --> 0:03:01.600
<v Speaker 1>the gauge of progress on Starship, on Starlink, on AI

0:03:01.600 --> 0:03:04.959
<v Speaker 1>infrastructure companies long term growth. I mean, it's SpaceX down

0:03:05.000 --> 0:03:09.120
<v Speaker 1>thirty percent since it went public, so definitely not that

0:03:09.160 --> 0:03:11.720
<v Speaker 1>doesn't bode well for the company. But also I mean

0:03:11.720 --> 0:03:13.520
<v Speaker 1>it's going to be intense because it's the end of

0:03:13.600 --> 0:03:16.320
<v Speaker 1>a lock up of the insider owned stock loan, so

0:03:16.320 --> 0:03:18.840
<v Speaker 1>we're definitely going to see a lot of volatility there.

0:03:19.000 --> 0:03:21.000
<v Speaker 1>For the SPA six shares, it's down by seven tens

0:03:21.040 --> 0:03:23.800
<v Speaker 1>of one percent. Another question is well Elon Musk be

0:03:24.040 --> 0:03:26.280
<v Speaker 1>in the earnings. I mean, you would imagine he would be,

0:03:26.520 --> 0:03:30.760
<v Speaker 1>especially it's the first, but honestly, everything in that company

0:03:30.800 --> 0:03:31.800
<v Speaker 1>is quite hard to predict.

0:03:33.360 --> 0:03:37.400
<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

0:03:37.480 --> 0:03:40.040
<v Speaker 2>us throughout the day for the latest roundup of companies

0:03:40.120 --> 0:03:43.200
<v Speaker 2>making news on Wall Street and for the latest market

0:03:43.240 --> 0:03:47.720
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:03:47.800 --> 0:03:51.320
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:03:51.360 --> 0:03:52.880
<v Speaker 2>the Bloomberg Business app.