WEBVTT - Comcast and Biolife Climb; SpaceX Ticks Higher

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

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

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis on whatever

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<v Speaker 1>the opposite of a merger Monday is, because that has

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<v Speaker 1>once got Comcast shares right on top of the leaderboard

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<v Speaker 1>this morning. Dan, Good morning, Good morning.

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<v Speaker 3>I wish the opposite of it was that it was Friday,

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<v Speaker 3>but it is still Monday. But yeah, that's right. Comcast

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<v Speaker 3>is announcing plans to separate media and technology units, so

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<v Speaker 3>NBCUniversal and Sky will be spun off into a publicly

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<v Speaker 3>traded company called NBC Universal, and that announcement has those

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<v Speaker 3>shares jumping twenty two percent in the pre market. That's

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<v Speaker 3>Class A underticker CMCSA. The separation is expected to be

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<v Speaker 3>completed in about one year, and Comcast shareholders will own

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<v Speaker 3>shares of both Comcast and NBC Universal when it's spun off.

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<v Speaker 3>Comcast is going to retain about a fifth ownership position

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<v Speaker 3>NBC Universal for up to one year after the spinoff,

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<v Speaker 3>and then after that, it's going to slowly let go

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<v Speaker 3>of that position. And this comes after Comcast spun off

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<v Speaker 3>its cable network VERSUT, which includes brands like CNBC at

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<v Speaker 3>MSN now sorry, MSNBC apologies, and ms NOW. So that

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<v Speaker 3>has those shares that that spinoff has those shares up

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<v Speaker 3>twenty two percent in pre market.

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<v Speaker 1>Okay, we also have Verizon Communications making some news this morning.

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<v Speaker 1>Give us the latest on that.

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<v Speaker 3>Yeah, So, Verizon is creating a joint venture with BT

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<v Speaker 3>also known as Well formerly known as British Telcom, combining

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<v Speaker 3>the international businesses that will have a combined revenue of

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<v Speaker 3>about four billion dollars. Verizon shares undertaker VS are down

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<v Speaker 3>about half eight percent in the pre market. Verizon expects

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<v Speaker 3>to record a loss of seven to eight hundred million

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<v Speaker 3>dollars in the current quarter, and that's in connection to

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<v Speaker 3>how is accounting for the deal. It's classifying that assets

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<v Speaker 3>of that international business as held for sale, which kind

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<v Speaker 3>of adds to those losses. Verizon will pay six hundred

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<v Speaker 3>and twenty five million dollars in cash to the joint

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<v Speaker 3>venture for the distribution to BT, and it sees a

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<v Speaker 3>few other charges going in which overall is going to

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<v Speaker 3>bring down the company to record that loss BT on

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<v Speaker 3>the back of this cut at sale guidance after announcing

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<v Speaker 3>the deal as well. So both companies saying short term

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<v Speaker 3>hit and the stock is taking a little bit of

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<v Speaker 3>one in the pre market.

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<v Speaker 1>Okay, And we've got some potential deal news in the

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<v Speaker 1>healthcare space this morning.

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<v Speaker 3>That's right. Biolife Solutions. This company sells tools and services

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<v Speaker 3>to drug makers that make cell therapies, and it's said

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<v Speaker 3>to have attracted takeover interest from parties including Replegend according

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<v Speaker 3>to people familiar with the matter, those that stock BLFS

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<v Speaker 3>is up about one percent in the pre market, giving

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<v Speaker 3>back some of the earlier gains. It wasn't clear how

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<v Speaker 3>Biolife Science Supplies plans to respond to the takeover interest,

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<v Speaker 3>and the sh shares have gained thirty percent in the

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<v Speaker 3>past year around excitement over innovative treatments in the space

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<v Speaker 3>that it worked for that space in general, there's been

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<v Speaker 3>large consolidation over the past year.

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<v Speaker 1>And finally, we've got to take a look at SpaceX

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<v Speaker 1>this morning because it's getting closer to being included in

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<v Speaker 1>one of the major indexes.

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<v Speaker 3>That's right. So SPACEXSPCX is going to join the Nasdaq

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<v Speaker 3>one hundred before the market open on the seventh, so

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<v Speaker 3>next week, those shares are up about two percent in

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<v Speaker 3>the pre market, about on pace with the general risk

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<v Speaker 3>on tune for the market this morning. The market cap

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<v Speaker 3>of two trillion dollars would make it the seventh largest

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<v Speaker 3>member by that measure in the Nasdaq one hundred, and

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<v Speaker 3>the NASDAK adjusted rules of when stocks could be eligible

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<v Speaker 3>for the index a move scene as a way to

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<v Speaker 3>add this one in earlier than it would typically be done,

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<v Speaker 3>so a lot of this was already baked into the price.

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<v Speaker 3>It's also worth noting that SpaceX is set to join Footsie,

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<v Speaker 3>Russell one hundred indexes today, including the Russell one thousand

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<v Speaker 3>and Bloomberg Intelligence estimate. This will spurt buying about five

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<v Speaker 3>point four billion dollars over these two editions.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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