1 00:00:00,080 --> 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 00:00:17,160 --> 00:00:19,040 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,079 --> 00:00:21,840 Speaker 1: I'm Tim Staneveek with Isabelle Lee, and we're joined by 6 00:00:21,920 --> 00:00:26,840 Speaker 1: Bloomberg News Acaty's reporter Alexandra Semonova. Alex what is moving? 7 00:00:27,360 --> 00:00:30,920 Speaker 3: Yeah, so I'm looking at Nvidia and AMD. They agreed 8 00:00:30,960 --> 00:00:33,920 Speaker 3: to pay fifteen percent of their revenues from Chinese AI 9 00:00:34,040 --> 00:00:37,160 Speaker 3: chip sales to the US government. This is a really 10 00:00:37,280 --> 00:00:41,680 Speaker 3: unusual deal that threatens to set a precedent for how 11 00:00:41,760 --> 00:00:45,280 Speaker 3: American companies do business in China. For Nvidia, that share 12 00:00:45,320 --> 00:00:48,440 Speaker 3: will come from sales of its H twenty AI accelerator 13 00:00:48,440 --> 00:00:52,160 Speaker 3: in China. President Donald Trump said this to reporters earlier today, 14 00:00:52,200 --> 00:00:54,760 Speaker 3: and for AMD will deliver the same share of sales 15 00:00:55,200 --> 00:00:57,920 Speaker 3: from its M three to oh H chip. This is 16 00:00:57,960 --> 00:01:00,960 Speaker 3: according to what sources we're telling Blomberg. Trump said that 17 00:01:00,960 --> 00:01:04,000 Speaker 3: he originally told Nvidia that it would be twenty percent, 18 00:01:04,640 --> 00:01:08,039 Speaker 3: but he negotiated a little deal. Those are his words, 19 00:01:08,040 --> 00:01:12,240 Speaker 3: not mine, and the arrangement reflects his efforts to engineer 20 00:01:12,800 --> 00:01:16,560 Speaker 3: financial payout for America consistently over and over. We've seen 21 00:01:16,560 --> 00:01:19,640 Speaker 3: that he's been open to negotiations as long as it 22 00:01:19,760 --> 00:01:21,480 Speaker 3: favors the US. 23 00:01:21,840 --> 00:01:23,399 Speaker 1: What about GM, what's going on there? 24 00:01:23,600 --> 00:01:26,720 Speaker 3: Yeah, so GM is actually bringing back some of its 25 00:01:26,800 --> 00:01:31,800 Speaker 3: former employees from its defunct Cruise autonomous vehicle effort. They're 26 00:01:31,800 --> 00:01:34,520 Speaker 3: trying to develop a new driver list car, but right 27 00:01:34,560 --> 00:01:38,480 Speaker 3: now they will actually focus on personal cars versus robotaxis. 28 00:01:38,880 --> 00:01:42,680 Speaker 3: The plan was detailed to employees in a meeting on 29 00:01:42,760 --> 00:01:47,480 Speaker 3: August sixth by Sterling Anderson. This is the former Tesla 30 00:01:47,560 --> 00:01:50,800 Speaker 3: auto pilot chief who joined GM earlier this year. I'm 31 00:01:50,840 --> 00:01:52,680 Speaker 3: kind of excited about this one, guys, because I don't 32 00:01:52,680 --> 00:01:55,440 Speaker 3: know how to drive a car. I'm such a New Yorker, 33 00:01:55,520 --> 00:01:59,320 Speaker 3: so I'm very eager exactly. 34 00:01:59,560 --> 00:02:01,000 Speaker 2: Yeah, there are very. 35 00:02:00,800 --> 00:02:03,320 Speaker 3: Few places in the US. Yeah, where I can live 36 00:02:03,360 --> 00:02:03,880 Speaker 3: without a car. 37 00:02:04,600 --> 00:02:08,079 Speaker 1: I don't have a good segue here. Oh, maybe self 38 00:02:08,120 --> 00:02:10,640 Speaker 1: driving car is good for people who use cannabis. Ye, 39 00:02:11,360 --> 00:02:13,760 Speaker 1: that was Perfectima linked company. 40 00:02:13,919 --> 00:02:17,720 Speaker 3: Yeah, Cannabis linked companies are on a tear today. This 41 00:02:17,760 --> 00:02:21,679 Speaker 3: is after President Trump said that he was considering reclassifying 42 00:02:22,120 --> 00:02:25,800 Speaker 3: marijuana is a less dangerous drug givens, giving the sector 43 00:02:26,120 --> 00:02:27,720 Speaker 3: a much needed boost. If you look at some of 44 00:02:27,760 --> 00:02:30,600 Speaker 3: the companies in the sector, Village Forums International, this is 45 00:02:30,639 --> 00:02:34,280 Speaker 3: a greenhouse production firm, up as much as forty two percent, 46 00:02:34,360 --> 00:02:37,240 Speaker 3: maybe even more. Right now, I haven't checked til Ray Brands. 47 00:02:37,320 --> 00:02:40,080 Speaker 3: Can it be Growth, Aurora, Cannabis, All of these socks 48 00:02:40,280 --> 00:02:44,280 Speaker 3: stocks soaring double digits. The Wall Street Journal actually first 49 00:02:44,280 --> 00:02:48,920 Speaker 3: reported on Friday that Trump spoke to cannabis reclassification in 50 00:02:48,960 --> 00:02:53,359 Speaker 3: a private fundraising event. Cannabis is actually currently labeled as 51 00:02:53,360 --> 00:02:55,760 Speaker 3: a Schedule one drug, so it's in the same category 52 00:02:55,800 --> 00:02:58,200 Speaker 3: as things like heroin and LSD, and they just want 53 00:02:58,240 --> 00:02:59,600 Speaker 3: to make it less serious. 54 00:03:01,080 --> 00:03:05,320 Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us 55 00:03:05,320 --> 00:03:08,160 Speaker 2: throughout the day for the latest roundup of companies making 56 00:03:08,200 --> 00:03:11,840 Speaker 2: news on Wall Street and for the latest market moving headlines. 57 00:03:12,040 --> 00:03:16,040 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 58 00:03:16,080 --> 00:03:19,160 Speaker 2: dot com, and on Applecarplay and Android Auto with the 59 00:03:19,200 --> 00:03:20,560 Speaker 2: Bloomberg Business app.