WEBVTT - Nvidia Rallies and Centene Falls as Shutdown Nears End, Eli Lilly Gains

0:00:02.520 --> 0:00:09.960
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report,

0:00:10.280 --> 0:00:13.520
<v Speaker 1>your roundup of companies making moves in the stock market,

0:00:13.680 --> 0:00:15.880
<v Speaker 1>harnessing the power of Bloomberg Data.

0:00:16.480 --> 0:00:18.880
<v Speaker 2>I'm Jibstebek along with Carol Masser. Let's take a look

0:00:18.880 --> 0:00:20.720
<v Speaker 2>at some stocks on the move today with us as

0:00:20.880 --> 0:00:23.520
<v Speaker 2>Bloomberg News Equities reporter and Deputy team leader for US

0:00:23.520 --> 0:00:27.000
<v Speaker 2>Equities Carmen Reinicky. In Vidia is on your.

0:00:26.960 --> 0:00:30.040
<v Speaker 3>Radar, Yeah, and video shares around a tear today. Right now,

0:00:30.040 --> 0:00:32.280
<v Speaker 3>the stock is up about five point three percent intra

0:00:32.400 --> 0:00:35.280
<v Speaker 3>day trading. It's the largest point contributor to the S

0:00:35.320 --> 0:00:37.360
<v Speaker 3>and P five hundred right now. I think it's about

0:00:37.360 --> 0:00:40.000
<v Speaker 3>twenty eight points on that index. We're really seeing all

0:00:40.040 --> 0:00:42.559
<v Speaker 3>of the AI names though in risk on assets, really

0:00:42.640 --> 0:00:45.480
<v Speaker 3>bouncing back after last week. So in Nvidia last week

0:00:45.520 --> 0:00:48.680
<v Speaker 3>fell more than seven percent. It had his worst week

0:00:48.840 --> 0:00:53.560
<v Speaker 3>since mid April. So we're just seeing, you know, hopes

0:00:53.600 --> 0:00:55.520
<v Speaker 3>that the shutdown is ending, and I think looking ahead

0:00:55.520 --> 0:00:58.200
<v Speaker 3>to maybe some results for in Nvidia next week. Just

0:00:58.400 --> 0:01:01.600
<v Speaker 3>bolstering optimism again. Ones float you know, flying back.

0:01:01.480 --> 0:01:02.840
<v Speaker 1>Into these I will say the socks.

0:01:02.840 --> 0:01:05.960
<v Speaker 3>The Philly Semiconductor Index twenty six of the thirty names

0:01:06.000 --> 0:01:08.080
<v Speaker 3>are higher today, so yes, the risk on trade in

0:01:08.120 --> 0:01:08.560
<v Speaker 3>a big way.

0:01:09.640 --> 0:01:12.160
<v Speaker 1>Big pharma in the news again, Yeah for sure.

0:01:12.200 --> 0:01:14.600
<v Speaker 3>So shares of Eli Lilly, which is ticker ll Y,

0:01:14.760 --> 0:01:17.360
<v Speaker 3>are up four point eight percent right now. They're on

0:01:17.560 --> 0:01:21.880
<v Speaker 3>track for a record high close. So basically Leering Partners

0:01:21.920 --> 0:01:25.480
<v Speaker 3>upgraded the company to outperform from market perform. This is

0:01:25.600 --> 0:01:28.399
<v Speaker 3>after the recent deal with the Trump administration to cut

0:01:28.440 --> 0:01:31.960
<v Speaker 3>prices for obesity drugs in exchange for wider Medicare coverage

0:01:32.520 --> 0:01:34.319
<v Speaker 3>that happened last week, so I think we're just seeing

0:01:34.360 --> 0:01:37.759
<v Speaker 3>so some continued trading on that. The company also said

0:01:37.760 --> 0:01:41.360
<v Speaker 3>that it was going to utilize an AI platform to

0:01:41.400 --> 0:01:44.039
<v Speaker 3>aid in drug discovery, so that could be giving shares

0:01:44.080 --> 0:01:46.560
<v Speaker 3>sort of an extra little boost today if there's investor

0:01:46.600 --> 0:01:52.320
<v Speaker 3>optimism about you know, using artificial intelligence in the healthcare space.

0:01:52.840 --> 0:01:54.920
<v Speaker 3>And you know, I guess on the flip side where

0:01:55.040 --> 0:01:59.480
<v Speaker 3>we're really seeing shares of US healthcare insurance and hospitals

0:02:00.120 --> 0:02:04.000
<v Speaker 3>falling today. So lawmakers they're drawing closer to you know,

0:02:04.160 --> 0:02:06.800
<v Speaker 3>ending the government shutdown, but it looks like that's going

0:02:06.840 --> 0:02:11.720
<v Speaker 3>to be without securiting an extension of you Affordable Care Act. Subsidies,

0:02:11.840 --> 0:02:14.320
<v Speaker 3>and so this is really hitting shares of stocks like

0:02:15.040 --> 0:02:18.519
<v Speaker 3>centeen Corpse CNC. It's down eight point four percent right now,

0:02:18.600 --> 0:02:23.840
<v Speaker 3>worst day since July. Then Molina Healthcare MOH. It's down

0:02:23.880 --> 0:02:26.400
<v Speaker 3>seven and a half percent today. This is the lowest

0:02:26.520 --> 0:02:29.640
<v Speaker 3>actually since April twenty twenty for this stock, So really

0:02:29.639 --> 0:02:31.639
<v Speaker 3>really significant news.

0:02:31.639 --> 0:02:37.160
<v Speaker 1>Here the Stock Movers Report from Bloomberg Radio. Check back

0:02:37.200 --> 0:02:39.440
<v Speaker 1>with us throughout the day for the latest roundup of

0:02:39.480 --> 0:02:42.760
<v Speaker 1>companies making news on Wall Street and for the latest

0:02:42.800 --> 0:02:47.000
<v Speaker 1>market moving headlines. Listen to Bloomberg Radio Live, catch us

0:02:47.040 --> 0:02:50.800
<v Speaker 1>on YouTube, Bloomberg dot com, and on Applecarplay and Android

0:02:50.800 --> 0:02:52.799
<v Speaker 1>Auto with the Bloomberg Business app.