WEBVTT - eBay Rises, Moderna Trades Higher, Vita Coco Falls

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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 3>I'm Carol Messer, Long items Static. Let's get to some

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<v Speaker 3>stocks on the move as we try to ponder some

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<v Speaker 3>of the bigger meanings of financial markets with us. It

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<v Speaker 3>is Bloomberg News Equities reporter Avalon Pronounce.

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<v Speaker 2>She's back with us.

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<v Speaker 4>Yeah.

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<v Speaker 3>Some stocks in the move today. Yeah.

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<v Speaker 5>Let's start off with eBay.

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<v Speaker 4>Tick her.

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<v Speaker 5>eBay. The shares are up about six point one percent

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<v Speaker 5>after market after the online marketplace reported fourth quarter earning

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<v Speaker 5>sat basically seated expectations across the board, and that's a

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<v Speaker 5>welcome sign for investors at eBay's focus on luxury items

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<v Speaker 5>and also refurbish goods is continuing to help the company

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<v Speaker 5>stand out among a pretty large group of e commerce

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<v Speaker 5>companies right now in the market. Also wanted to draw

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<v Speaker 5>attention to the fact that it plans to buy Deepop

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<v Speaker 5>from et C, which is a pretty big deal since

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<v Speaker 5>I can say at least deep Hop is incredibly popular

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<v Speaker 5>among gen Z and younger shoppers.

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<v Speaker 1>Said that because as a not gen Z person, I

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<v Speaker 1>don't know what it is, but the New York Times

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<v Speaker 1>calls it a secondhand clothing up popular with gen.

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<v Speaker 5>Zh, a very good definition in my opinion. I bought

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<v Speaker 5>a leather jacket from there in the past, but it's

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<v Speaker 5>basically eBay for gen Z.

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<v Speaker 4>And sold it to eBay, yes.

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<v Speaker 5>For roughly one point two billion dollars.

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<v Speaker 3>It's a bunch of these types of sites. Yeah, yes, right,

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<v Speaker 3>I'm trying to think of the other ones. Yeah, okay,

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<v Speaker 3>So got Cary thread up. So many options, right, there's

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<v Speaker 3>so many different options. So is that one like investors?

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<v Speaker 3>I mean, they also gave a good outlook, right their

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<v Speaker 3>first quarter net revenue, so they're kind of on the

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<v Speaker 3>move here, Yes, that's quite it fascinating like they're kind

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<v Speaker 3>of thinking about maybe their next era.

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<v Speaker 1>Yeah.

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<v Speaker 5>And Etsy is also jumping along with that news. It's

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<v Speaker 5>up about fifteen percent after market after this deal. So

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<v Speaker 5>across the board for those who are interested in secondhand

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<v Speaker 5>fashion or also just goods like Etsy, it's kind of

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<v Speaker 5>up across the board.

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<v Speaker 1>Etsy bought deepop in twenty twenty one for one point

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<v Speaker 1>six billion dollars. Now they're selling it for about one

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<v Speaker 1>point two billion dollars.

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<v Speaker 4>Wow. That's a little bit of a haircut.

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<v Speaker 3>Okay, okay, all right, So watching that one, let's go

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<v Speaker 3>to Maderna.

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<v Speaker 5>Yes, Maderna, I'm a healthcare reporter. So it ended up

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<v Speaker 5>about six percent after the FDA agreed to review its

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<v Speaker 5>flu shot and a kind of stunning reversal, especially since

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<v Speaker 5>the flu shot is made with mRNA technology, which has

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<v Speaker 5>been kind of politicized lately in the current environment. But

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<v Speaker 5>that being said, I thought it was really interesting that

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<v Speaker 5>one analyst mentioned that there could be some upside for

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<v Speaker 5>other companies as well, like Unicore, who has been quite

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<v Speaker 5>popular given their Huntington's experimental therapy, which anyone who knows

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<v Speaker 5>about that rare disease, it is fatal in all cases

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<v Speaker 5>and there's no treatments for it. So there's some investors

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<v Speaker 5>who are really hopeful that Unicure also their shares went

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<v Speaker 5>up about eight percent on the news that maybe this

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<v Speaker 5>could be a sign that the FDA will also reverse

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<v Speaker 5>his decision in their case as well.

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<v Speaker 3>And those tickers for in case you care, Maderna of

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<v Speaker 3>course at mr NA and that stuck is up about

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<v Speaker 3>sixty percent year to date, and then Unicure qur E.

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<v Speaker 1>Yeah, like you said, mixed messages though from HHS in

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<v Speaker 1>the FDA in recent months about mRNA and we've seen

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<v Speaker 1>mRNA vaccines and we've seen shares of Moderna really volatile

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<v Speaker 1>on the kind.

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<v Speaker 4>Of confusion that investors are interpreting.

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<v Speaker 5>Yeah, they've taken a beating, especially amongst some critics within

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<v Speaker 5>the FDA who are not necessarily as for vaccines when

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<v Speaker 5>you look at the AHHSS. That being said, the FDA

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<v Speaker 5>has had a lot of shakeups in terms of leadership,

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<v Speaker 5>and so we will see as well, like what which

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<v Speaker 5>way they're going to be turning still unclear.

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<v Speaker 3>A little perspective. I mean, I'm going to go where

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<v Speaker 3>it's obvious, but let's just go there. But back in

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<v Speaker 3>twenty twenty one, Maderna was a four hundred and eighty

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<v Speaker 3>four dollars a share stock. Today it closed just under

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<v Speaker 3>forty seven dollars, so we know how much it has

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<v Speaker 3>pulled back. It's bounced back already this year, but a

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<v Speaker 3>long long way to go.

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<v Speaker 5>Can we talk about coconut water, Yes, yes, Vita Coco

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<v Speaker 5>taker Coco is also kind of continuing along that theme

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<v Speaker 5>of consumer sentiment. Those shares slit about eleven percent at

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<v Speaker 5>the close, which actually moved the stock negative. For the year.

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<v Speaker 5>Before today, Vita Coco was up about seven percent. The

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<v Speaker 5>fall comes after some kind of mixed guidance to a

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<v Speaker 5>certain degree, despite having a pretty good quarter. Analysts called

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<v Speaker 5>out like the increased promotions that they're planning to do

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<v Speaker 5>in the US, some potential timing shifts, and also some

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<v Speaker 5>inventory adjustments as potential mixed signals about where exactly the

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<v Speaker 5>consumer leads. But Evercore analysts still remain fairly bullished. They

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<v Speaker 5>set up in a note today that despite the complexity

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<v Speaker 5>in twenty twenty five, Vita Coco should have potentially the

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<v Speaker 5>US gross story and beverages for this coming year as

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<v Speaker 5>health and wellness continues to be a great trend of

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<v Speaker 5>the US.

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<v Speaker 3>Not a coconut water kind of getting.

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<v Speaker 4>Oh I love coconute.

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<v Speaker 1>Yeah, but I'll be honest, I'm too cheap to buy it,

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<v Speaker 1>so I just like don't buy it.

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<v Speaker 5>When I was yeah, I mean we have it upstairs.

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<v Speaker 4>No, yes, what?

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<v Speaker 5>Yeah?

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<v Speaker 1>Yeah, I think I think that's coconut soda.

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<v Speaker 4>I don't think so we have coconut water. I'm pretty sure.

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<v Speaker 4>All right, I gotta go.

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