1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:18,040 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,079 --> 00:00:18,880 Speaker 2: the move today on holps. 6 00:00:18,880 --> 00:00:22,040 Speaker 3: When you alongside Norman Linda, we're joined by Bloomberg's Natalia 7 00:00:22,239 --> 00:00:24,800 Speaker 3: Kenya Jevic. Natalia, what are you looking at today? Let's 8 00:00:24,800 --> 00:00:29,240 Speaker 3: start with Circle Internet guys, the tickers CrCL. The stock 9 00:00:29,360 --> 00:00:32,400 Speaker 3: is up by six percent. We spoke about preview yesterday, 10 00:00:32,479 --> 00:00:35,800 Speaker 3: so the company delivered. We saw that results were positive. 11 00:00:35,880 --> 00:00:38,760 Speaker 3: Adjusted IBIDAK came at one hundred and twenty six million 12 00:00:39,080 --> 00:00:42,479 Speaker 3: expectations for one twenty one. There was also beat in 13 00:00:42,560 --> 00:00:45,839 Speaker 3: total revenue, which gained fifty three percent on a year 14 00:00:45,880 --> 00:00:51,080 Speaker 3: of a year basis. Analysts, of course highlighted its company 15 00:00:51,159 --> 00:00:55,800 Speaker 3: stable Coin USDC, so the circulation outlook was very ambitious, 16 00:00:55,960 --> 00:01:00,080 Speaker 3: and the company said that there was sixty one one 17 00:01:00,160 --> 00:01:04,360 Speaker 3: point three billion US disease in circulation at the end 18 00:01:04,400 --> 00:01:07,520 Speaker 3: of this quarter. This is a ninety percent year of 19 00:01:07,600 --> 00:01:09,960 Speaker 3: a year increase, so we do see the demand for 20 00:01:10,080 --> 00:01:14,960 Speaker 3: stable coins is growing. Still, the company posted a net 21 00:01:15,120 --> 00:01:18,760 Speaker 3: loss of more than one four hundred million dollars and 22 00:01:19,120 --> 00:01:23,440 Speaker 3: shares rose to one hundred and seventy dollars. The IPO price, 23 00:01:23,480 --> 00:01:26,120 Speaker 3: as a reminder, was thirty one dollars. 24 00:01:26,280 --> 00:01:31,920 Speaker 1: Wow, just amazing rip there for that name Tillray Brands. 25 00:01:32,000 --> 00:01:34,160 Speaker 3: Right, so this is a cannabis story. We do see 26 00:01:34,200 --> 00:01:40,640 Speaker 3: the Tillery Brands shares. The ticker is tlirry, so shares 27 00:01:40,680 --> 00:01:44,480 Speaker 3: are up by almost nineteen percent, So this company, as 28 00:01:44,520 --> 00:01:48,320 Speaker 3: well as other cannabis linked stocks, are moving higher. We 29 00:01:48,400 --> 00:01:51,280 Speaker 3: saw that President Douland Trump said that he was considering 30 00:01:51,520 --> 00:01:56,160 Speaker 3: reclassifying marijuana as a less dangerous drug. So Trump said 31 00:01:56,160 --> 00:01:59,840 Speaker 3: that he may announce a change in the next few weeks. 32 00:02:00,520 --> 00:02:04,320 Speaker 3: So right now, cannabis is labeled as a Schedule one drug, 33 00:02:04,480 --> 00:02:08,960 Speaker 3: basically in the same category as heroin or LSD. Analysts 34 00:02:09,040 --> 00:02:13,640 Speaker 3: are saying, so this potential reclassification could lift the entire 35 00:02:13,800 --> 00:02:17,560 Speaker 3: market and of course help those companies with better access 36 00:02:17,720 --> 00:02:19,440 Speaker 3: to capital. Definitely. 37 00:02:19,440 --> 00:02:23,079 Speaker 2: I mean looking at sharers of Tory Brands down twenty 38 00:02:23,200 --> 00:02:25,480 Speaker 2: five percent this year, so it'll be interesting to see 39 00:02:25,480 --> 00:02:28,000 Speaker 2: whether or not these developments really create a lift for 40 00:02:28,080 --> 00:02:30,679 Speaker 2: this company and others in the sector. Here, you're also 41 00:02:30,760 --> 00:02:31,880 Speaker 2: looking at venture Global. 42 00:02:32,400 --> 00:02:34,280 Speaker 3: Yeah, so this is the energy story and this is 43 00:02:34,320 --> 00:02:38,160 Speaker 3: also another IPO story. So the company posted earning, so 44 00:02:38,280 --> 00:02:41,320 Speaker 3: on the one hand, shares are up by two point 45 00:02:41,400 --> 00:02:45,920 Speaker 3: seven percent. The ticker is v G. The company posted 46 00:02:46,120 --> 00:02:50,520 Speaker 3: higher profit revenue modern double so revenue roads to three 47 00:02:50,600 --> 00:02:54,560 Speaker 3: point one billion dollars from one point one billion, and 48 00:02:54,720 --> 00:02:58,440 Speaker 3: the company also, of course saw an increased profit driven 49 00:02:58,560 --> 00:03:04,720 Speaker 3: by higher LNG sales volumes at one of its facilities. However, 50 00:03:05,080 --> 00:03:08,120 Speaker 3: keep in mind so the company went public in early 51 00:03:08,200 --> 00:03:11,680 Speaker 3: twenty twenty five, and there was lots of concerns about 52 00:03:11,760 --> 00:03:15,359 Speaker 3: companies fundamentals, and the stock is still down by more 53 00:03:15,400 --> 00:03:17,680 Speaker 3: than fifty percent since its IPO. 54 00:03:19,360 --> 00:03:23,280 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 55 00:03:23,440 --> 00:03:26,000 Speaker 1: us throughout the day for the latest roundup of companies 56 00:03:26,080 --> 00:03:29,120 Speaker 1: making news on Wall Street and for the latest market 57 00:03:29,240 --> 00:03:33,680 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 58 00:03:33,800 --> 00:03:37,240 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 59 00:03:37,360 --> 00:03:38,760 Speaker 1: the Bloomberg Business app.