WEBVTT - Revolution Medicines Rises, HPE Soars on Strong Outlook, MGM Resorts Higher

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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 1>I'm Tim Stenebeck along with Emily Graffeo. Let's take a

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<v Speaker 1>look at some stocks on the move today. We are

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<v Speaker 1>joined by Bloomberg News equity supporter Apalon Parnell, who has

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<v Speaker 1>a lot of a big background in biotech innovation.

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<v Speaker 3>How are you Yeah, very good. I mean, we can

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<v Speaker 3>also start off.

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<v Speaker 1>With that wherever you want.

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<v Speaker 4>Let's start up a revolution medicine. Let's tick her RVMD.

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<v Speaker 4>A lot of great news out of there, rising three

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<v Speaker 4>point nine percent to hit a record high at the close,

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<v Speaker 4>and that's after releasing some really great results for its

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<v Speaker 4>pancreatic cancer drug. Don't want to say too much, but

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<v Speaker 4>essentially Bloomberg Intelligence is writing that the results mean that

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<v Speaker 4>they could open up nearly a five billion dollar market

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<v Speaker 4>to help out patients in that area.

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<v Speaker 1>Yeah. We spoke with Rod wang Or at RTW Investments

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<v Speaker 1>and he was at this conference today when this data

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<v Speaker 1>wasn't were unveiled. He said there was a standing ovation

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<v Speaker 1>in the crowd before the presentation was even over, and

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<v Speaker 1>he said that there's a chance that within what the

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<v Speaker 1>next five years, he thinks that the life expectancy will

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<v Speaker 1>be doubled again. But it starts from such a low point,

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<v Speaker 1>I mean six seven months to thirteen months at this point.

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<v Speaker 1>But he did say maybe within our lifetimes we'll see

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<v Speaker 1>an actual cure for it. He said, a non zero

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<v Speaker 1>chance exactly.

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<v Speaker 3>It would be really awesome.

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<v Speaker 4>Plus, I mean it's a pill as opposed to having

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<v Speaker 4>to go into a center to get an actual drip,

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<v Speaker 4>which is also a game changer for a lot of families.

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<v Speaker 3>Well, there's another stock on the move in the after hours.

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<v Speaker 4>HPE Yes, HP Enterprise, currently surging thirty six percent in

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<v Speaker 4>after hours trading. That's after the tech company reported really

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<v Speaker 4>great results and also had full year profit outlook that

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<v Speaker 4>topped expectations. Worth noting that the bar was really high

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<v Speaker 4>coming into the print, especially since Dell.

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<v Speaker 3>Had really great results last week.

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<v Speaker 4>But I mean, AI growth and demand, the usual things

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<v Speaker 4>very much at play here the wars.

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<v Speaker 3>Yeah, that's stock absolutely on fire right now.

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<v Speaker 1>Yeah, more than thirty after hours, and it's doubled, it

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<v Speaker 1>almost doubled going into this year.

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<v Speaker 3>That's right.

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<v Speaker 1>Yeah, I'm sorry it's almost doubled this year. Going into

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<v Speaker 1>this print, I.

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<v Speaker 3>Want to make a segue to casinos, but I we'll

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<v Speaker 3>we'll just go right to you because that's your next time.

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<v Speaker 1>Some people, Yeah, I don't.

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<v Speaker 3>Know MGM Resort. Yes, MGM Resorts.

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<v Speaker 4>That ticker MGM opened or finished the day up sixteen

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<v Speaker 4>percent to end at its highest level since twenty twenty three.

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<v Speaker 4>And that's after people proposed to buy the remaining shares.

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<v Speaker 4>That's Barry Diller's company. And yeah, what's also really interesting

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<v Speaker 4>is this is happening a week after their rival, Caesars

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<v Speaker 4>was also taken private. Barclay's writing in the note that

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<v Speaker 4>they view this price as generally fair given also what

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<v Speaker 4>they saw from Caesar's deal last week.

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<v Speaker 2>The Stockmover's Report from Bloomberg Radio. Check back with us

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

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