Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting off
Speaker 1: with the biggest upside mover in the pre market. You
Speaker 1: cannot ignore what is happening with New Valent this morning,
Speaker 1: Dan Happy Merger Tuesday.
Speaker 3: Good morning morning, Nathan. That's right, Merger Tuesday, and New
Speaker 3: Veland is at the core of it. Up thirty nine
Speaker 3: percent in the pre market underticker and UVL that says
Speaker 3: GSK is agreeing to buy the Cambridge, mass based biotech
Speaker 3: company for one hundred and twenty four dollars a share.
Speaker 3: Those shares are a one hundred and twenty three giver
Speaker 3: take in pre market, so just very close to that
Speaker 3: offer price. The British company is looking to rebuild its
Speaker 3: cancer pipeline and GSK had return to that mark in
Speaker 3: twenty nineteen. It has seen slow growth there, so it's
Speaker 3: looking to Neuvalent to help expand that out. Neuvealent designs
Speaker 3: precisely targeted oncologicals for patients, and it has two medicines
Speaker 3: in late stage trials. The FDA is set to decide
Speaker 3: on regulatory approval for both this year, and GSK says
Speaker 3: those two treatments could be blockbusters if given the green light.
Speaker 3: So this is a way for GSK to try to
Speaker 3: get back into the cancer space.
Speaker 1: Okay, So while we keep an eye on that massive
Speaker 1: move for New Valen, we got to keep an eye
Speaker 1: on Apple as well. After the kickoff of the Worldwide
Speaker 1: Developers Conference. How our investors receiving that this morning, Dan.
Speaker 3: They're still not convinced. Apple is down about three tenths
Speaker 3: of a percent in pre market ticker AAPL. And that's right.
Speaker 3: The company used yesterday's Worldwide Developer Conference to lay the
Speaker 3: foundation for its new products, and the centerpiece was a
Speaker 3: new operating systems. It's an overhauled assistant and they're calling
Speaker 3: it Serie AI. This was a chance to push back
Speaker 3: about some skepticism over Apple's AI offering. The company has
Speaker 3: struggled to deliver many ambitious features on schedule and others
Speaker 3: just fell short arrivals, like Open AI and anthropics products.
Speaker 3: And off the back of this, we're seeing mixed analyst reviews.
Speaker 3: You have Wedbush on one side, they're pretty bullish saying quote,
Speaker 3: unveiled an AI strategy that will unleash the true monetization
Speaker 3: opportunity end quote. But then you have something like Vital
Speaker 3: Knowledge coming out and saying quote to the extent anyone
Speaker 3: was hoping to be blown away by the updated Apple intelligence,
Speaker 3: the Monday keynote was a disappointment end quote. So there's
Speaker 3: a lot of mixed reviews on this and a lot
Speaker 3: of the issue seems to be around timelines. This is
Speaker 3: a long term strategy and the Wall Street is trying
Speaker 3: to figure out how it will play out for the stock.
Speaker 1: Well, it looks like there's a lot more conviction around
Speaker 1: another stock that's part of the AI play that's Applied Digital,
Speaker 1: with a big move this morning, Dan.
Speaker 3: Up nearly eleven percent in the pre market APLD. Applied
Speaker 3: Digital is a neo cloud company that's a fancy name
Speaker 3: for a company that provides special specialized AI infrastruct sure
Speaker 3: and it announced a new deal. It said signed a
Speaker 3: fifteen year lease with a US based hyperscaler and the
Speaker 3: deal is for two hundred and ten megawatts at its
Speaker 3: Delta Forge two campus. That's five point two billion dollars
Speaker 3: in base turm term revenue, and that could be up
Speaker 3: to nearly thirteen billion dollars over thirty year return. This
Speaker 3: is very interesting becoming because it comes at Delta Forge two,
Speaker 3: which is not anticipated to open until about twenty twenty eight.
Speaker 3: So this is a sign of strong demand. These hyperscalers
Speaker 3: are booking out this platfor this can compute two years out.
Speaker 3: That has other hyperscalers up. Core Weave up three percent,
Speaker 3: Nebius up four percent in the pre market.
Speaker 1: Just time to tell us how Veil Resorts is doing
Speaker 1: after earnings.
Speaker 3: Yeah, it's going down the slope this morning. Four percent
Speaker 3: of bad joke, But the ski resort operator is cutting
Speaker 3: its net income guidance for the full year company seas
Speaker 3: twenty twenty six, even a decline of fourteen percent from
Speaker 3: its original forecast issued in September. Historically challenging weather conditions.
Speaker 3: Anyone who went out West, it was the worst snowfall
Speaker 3: in a long long time. The resorts of the Rockies
Speaker 3: saw twenty four percent dropping visits. That's really weighing on
Speaker 3: the shares this morning.
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