WEBVTT - Quantum Computing Lower, Fiserv Jumps, Exelixis Soars

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

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<v Speaker 2>Stock Movers podcast, 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 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. AH Paul Sweeney alongside alex Steel Aren't

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<v Speaker 3>turned by Bloomers denitza a COVID to what are you

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<v Speaker 3>looking at today?

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<v Speaker 1>Let's start with Quantum Computing. Obviously, that was one of

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<v Speaker 1>the biggest winner of last year. The ticker is QUBT.

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<v Speaker 1>Shares decline about nine percent after reaching an agreement with

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<v Speaker 1>institutional investors for the purchase and sale of about fourteen

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<v Speaker 1>million shares. This will be gross proceeds around two hundred

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<v Speaker 1>million before expenses. That's a very interesting stock. Last year

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<v Speaker 1>it was up seventeen hundred percent. Quantum Computing has obviously

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<v Speaker 1>it's been a crazy it's been a really big buzz

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<v Speaker 1>and among retail investors and others. There's so many metfs

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<v Speaker 1>and a whole ecosystem around it. But the end of

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<v Speaker 1>the year the company said it was awarded the contract

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<v Speaker 1>with NASA. The whole technology of computing has incredible promise,

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<v Speaker 1>processing power of millions time, greater than computers, which would

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<v Speaker 1>be great for great drug discovery, material design, encryption, all that.

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<v Speaker 1>The big issue is that it may take a very

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<v Speaker 1>long time to do that. It's obviously a very expensive

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<v Speaker 1>product process. So this year, the stock is not doing

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<v Speaker 1>well at all after a crazy valley last year. Yeah,

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<v Speaker 1>I mean that is I mean crazy rally is one

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<v Speaker 1>hundred percent definition of that. Also, you're taking a look

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<v Speaker 1>at visce Rep that is a fintech company that struck

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<v Speaker 1>up over two percent. Uh yeah, we're looking at the

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<v Speaker 1>Pfizer if they're launching their own stable coin and stable

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<v Speaker 1>coins real heavy. Yeah, it's been, it's been in the

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<v Speaker 1>news everywhere, and it's coming off legislation. Most surprisingly, I

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<v Speaker 1>wouldn't think about the Senate passing a legislation on stable coins,

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<v Speaker 1>but obviously that's slowly moving through Senate. Of course, it's

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<v Speaker 1>part of the crypto industry supporting presents stromp reelection campaign

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<v Speaker 1>and clearly a legislation coming there. Pfizer is up two

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<v Speaker 1>percent today circle which we've been talking about a lot.

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<v Speaker 1>It's of about fifteen percent. You can even keep track

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<v Speaker 1>as the stock keeps rising. It's up seven hundred and

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<v Speaker 1>ninety percent since it's ipol, this is a circle SRCL

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<v Speaker 1>and Pfizer ticker Pfizerve ticker is FI. So those table

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<v Speaker 1>coins give gain traction in traditional financial circles. With Wolemaker

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<v Speaker 1>passing that legislation, stable coins are usually picked to the

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<v Speaker 1>value of US of usset like the door. That's what

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<v Speaker 1>the legislation offers. And yeah, they've been on a crazy

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<v Speaker 1>run and everyone is wanting to get a piece of

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<v Speaker 1>the pie. Paul, do we need our own stable coin?

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<v Speaker 2>Now it's time? I think we do? We need? I need.

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<v Speaker 3>I needed the IPL allocation at thirty one dollars a share.

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<v Speaker 3>I don't know where that is. I don't see them account,

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<v Speaker 3>so I'll call it all the people on the wall

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<v Speaker 3>stream figure out what's happening. But that is thirty thirty

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<v Speaker 3>one dollars I on June fourth this year, and look

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<v Speaker 3>where we are just a couple of weeks later. Amazing.

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<v Speaker 1>All right, one more, we have Excellence Tickeries e x

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<v Speaker 1>e L. It's climbing after the company reported a positive

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<v Speaker 1>top line results from a trail study on treatment for

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<v Speaker 1>colorectal cancer. The stock is of about twelve percent and

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<v Speaker 1>the year today gain is thirty six percent. Analysts are

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<v Speaker 1>very optimistic. They said that the study is pretty much

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<v Speaker 1>paving the way for the first regulatory approval of the treatment.

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<v Speaker 1>The oncology company on Sunday said that it's in development

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<v Speaker 1>cancer therapy demonstrated a significant improvement in survival rates for

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<v Speaker 1>patients using the trick with a combination with another drug,

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<v Speaker 1>so there is a lot of optimism among analysts. The

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<v Speaker 1>company is having a strong year today gain and it's

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<v Speaker 1>potentially moving to the next phase and getting very close

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<v Speaker 1>to approval.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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