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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move. That I am Paul Sweeney alongside Scarlett Foo.

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Speaker 3: We're joined by Bloomers Isabelle Lee, Isabel What are you

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Speaker 3: looking at it?

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Speaker 1: Well, look at TSMC. The stock is down, the adr

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Speaker 1: is down by around one and a half percent. The

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Speaker 1: ticker is ts M. So the US has revoked their

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Speaker 1: authorization to freely ship essential gear to its main Chinese

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Speaker 1: chip making base, so this potentially curtails production capabilities. The

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Speaker 1: site is located in Nanjing, which is an older generation facility,

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Speaker 1: So American officials recently informed TSMC of their decision to

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Speaker 1: end the so called VEU are Validated end user So

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Speaker 1: what is this? It means that TSMC suppliers will have

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Speaker 1: to apply for individual approvals when they want to ship

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Speaker 1: semiconductor equipment covered by US export controls instead of a

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Speaker 1: blanket authoryation. So obviously this is bad news and it

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Speaker 1: mirror steps the US took to revoke VU designations for

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Speaker 1: sk high. Next a South Korean company. And also I'm

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Speaker 1: forgetting what's that one company? Samsung? Yes, thank you, Paul.

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Speaker 1: So the waivers are set to explain about four months. Again.

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Speaker 1: This is I think just sits at the geopolitical attention.

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Speaker 1: So the stock is down.

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Speaker 4: You think if they pay fifteen percent of the sales

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Speaker 4: to the US government they can get this thing going again.

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Speaker 3: That might be the way back into it.

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Speaker 1: I don't know.

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Speaker 3: I just grew up in a world of globalization, and

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Speaker 3: I don't know, so this is all. This is a

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Speaker 3: foreign world, a lot of yeah, you know, putting up

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Speaker 3: trade barriers all over the place.

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Speaker 1: That's what they say, the de globalization, the opposite of

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Speaker 1: what we work so hard towards.

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Speaker 3: Yep, yeah, okay.

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Speaker 4: And PepsiCo is in the headlines today as well because

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Speaker 4: an activist investor, Elliott Management, one of the biggest, is

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Speaker 4: targeting it.

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Speaker 1: Yes, so Elliott took a four ballon stick in the company.

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Speaker 1: The stock is now up by more than two percent.

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Speaker 1: Ticker is PEP so this makes Ellott one of its

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Speaker 1: largest investors. So we all know that Pepsi has struggled

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Speaker 1: recently in the face of freely just stiff competition with Coke,

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Speaker 1: and changing consumer tastes. Coke is their biggest rival, and

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Speaker 1: Elliott said in the letter to Pepsi board that PepsiCo

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Speaker 1: strategic and financial challenges have led to poor results. They

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Speaker 1: also commented on their underperformance and they're meaningfully discounted valuation,

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Speaker 1: So Elliott se is a path for a price increase

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Speaker 1: of more than fifty percent from today's level. So investors

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Speaker 1: are likely definitely going to cheer that because fifty percent

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Speaker 1: is a huge jump. We have Bloomberg Intelligence analyst Kenneth

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Speaker 1: Shea writing that Elliott's seake could renew calls for Pepsi

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Speaker 1: to revisit a separation of its global food and snacks

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Speaker 1: and beverageous business. But for now, yeah, we.

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Speaker 3: Canshake coming up in a couple minutes. Now, I'm a

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Speaker 3: coke person, BEPU Pepsi in front of me. I'm just

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Speaker 3: as happy I could care less plan Caterpillar.

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Speaker 1: Caterpillar is down by six times of one percent. They

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Speaker 1: reported earnings last week, but it seems like Wall Street

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Speaker 1: analysts are still continuing to weigh in on the company's

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Speaker 1: expectations that tariffs would have an even greater impact on

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Speaker 1: its business, and again Caterpillar is viewed as a bell

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Speaker 1: weather for global economy because it's sales on heavy equipment, construction, mining,

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Speaker 1: and and basically a lot more other things. So DA Davidson,

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Speaker 1: for instance, acknowledges that the tiff instability could last all

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Speaker 1: four years under the current presidential administration. DIIWA Capital Markets

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Speaker 1: said that Caterpillar may not see any impact of higher

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Speaker 1: typs on sales and revenue, but they're still cutting the

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Speaker 1: revenue estimate for the second half of twenty twenty five,

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Speaker 1: so not a lot of good news there, and you

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Speaker 1: see the stock under pressure by six tens of one percent.

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Speaker 1: Ticker is CAT.

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Speaker 2: The stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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