Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's get a look at some stocks on the move.
Speaker 3: I'm Carol master Long with Tim Staneveek with us as
Speaker 3: Bloomberg News Equities reporter Natalia Kenny Javic. She's here in studio.
Speaker 3: Where shall we begin.
Speaker 4: Let's start with QXO. So we got news today. The
Speaker 4: stock is done by four point two percent the tickers QXOH.
Speaker 4: The company said that it will acquire Top Build Company
Speaker 4: for approximately seventeen billion dollars that represent about twenty three
Speaker 4: percent premium from the closing price on April seventeen. Now,
Speaker 4: this transaction is expected to close in the third quarter
Speaker 4: of this year. If the deal gets through, so we
Speaker 4: could see the second largest publicly treated company from the
Speaker 4: building product distribution sector. And also it would be a
Speaker 4: big step for the company to generate fifty billion dollars
Speaker 4: in revenues.
Speaker 3: This is what Brad Jacobs right. You know his history,
Speaker 3: this is what he does right, and he has been
Speaker 3: on a mission right to build out this company. We
Speaker 3: knew he was going to be doing a bunch of
Speaker 3: acquisitions and this is a big step forward for it.
Speaker 4: That's true. Some analysts, however, say that they were a
Speaker 4: little bit surprised, and they also say that competitors like
Speaker 4: home Deepook could also you know, rivals over this bit.
Speaker 4: So for example, home Deepook would offer all cash deals.
Speaker 4: So we will see how that plays out. But anyway,
Speaker 4: keep in mind that all stocks from this sector have
Speaker 4: been so volatile, first of all because of the rates uncertainty,
Speaker 4: and also not too many people are buying homes.
Speaker 3: Yeah, although are they not They're not right, but they
Speaker 3: might be. We you know, I was just talking with
Speaker 3: somebody about kind of the refresh cycle that homes if
Speaker 3: you look at them historically. I'm pulling some data on this.
Speaker 3: Are older, are getting older, and we.
Speaker 1: All are buying stuff for the home.
Speaker 3: So if you're staying in your home.
Speaker 1: Maybe they're buying a new couch or doing some some stools.
Speaker 3: Or doing some you know, reworkhouse, new kitchen, your bathroom.
Speaker 1: You know.
Speaker 4: Yeah, I don't know if that's the case for New
Speaker 4: York when people just rent apartments, so yeah, I don't know.
Speaker 3: Yeah, some people buy them, Yeah, just a few.
Speaker 1: No, no easy transition to this next one.
Speaker 3: Well, no, actually there is. Everybody who's watching it is
Speaker 3: like are they on something?
Speaker 1: Oh okay, maybe that's it. We can talk about synthetic psilocybin.
Speaker 1: How's that?
Speaker 4: Yes, So psychedelic related stocks, guys. Today we see a
Speaker 4: huge move. One of them is compos Pathways the ticket CMPs.
Speaker 4: The stock is up by more than forty percent today.
Speaker 4: This came after President Donald Trump signed an executive order
Speaker 4: that basically expedites research and access to different substances outside
Speaker 4: of the United States to treat post traumatics stress disorder
Speaker 4: that can actually happen right if you rebuild your home.
Speaker 4: So now we see that some of those stocks are
Speaker 4: really moving much higher, and analysts are saying basically, after
Speaker 4: the company does a research trial, then it applies for
Speaker 4: FDA for the approval typically takes six to ten months.
Speaker 4: Now it's going to be somewhere between one and two months.
Speaker 4: So it's a huge up side with.
Speaker 3: The Compass Pathways CEO Kabi or notth on later on,
Speaker 3: and we're going to talk about this. He's come on
Speaker 3: a lot and talked about this process. But you know,
Speaker 3: you read the stories about it and for some people.
Speaker 3: This could be the difference whether it's PTSD, but also
Speaker 3: drug addictions, different types of addictions. So it's really interesting. Hey,
Speaker 3: thirty seconds.
Speaker 1: Clear for me.
Speaker 4: The Tackers RMI, the stock is down by almost eighteen percent.
Speaker 4: CEO cfour are departing, departing. So now some analysts are
Speaker 4: saying this is a good development because the company has
Speaker 4: recently lost one of its key tenants. And I have
Speaker 4: to say the firm went public in September of twenty
Speaker 4: twenty five. Since then, the stock is done by more
Speaker 4: than seventy percent.
Speaker 1: Their power firm looking to go nuclear.
Speaker 4: Data center read so it provides power for data center
Speaker 4: and it's building a huge facility in Texas that is
Speaker 4: supposed to be powered by nuclear reactors.
Speaker 1: So go find it. By Rick Perry from our energy secretary.
Speaker 3: Nice job on that, well done. Thank you for weaving
Speaker 3: that together and for putting up with us. We really
Speaker 3: appreciate it. The Italia Kenny Javich joining us here in studio.
Speaker 3: Check out our Stock Movers podcast five minute episodes, winners, Losers.
Speaker 3: Find it wherever you get your podcasts.
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day. For the latest roundup of companies
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