Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: I'm Tim Keen with Paul Sweeney and Bloomberg's Alexis Christophers.
Speaker 3: If you want to take a look at some stocks
Speaker 3: on the move today, We've got five Serve up four
Speaker 3: and a half percent after The Wall Street Journal reported
Speaker 3: that big Wall Street banks have held preliminary talks about
Speaker 3: a deal to acquire a debit network owned by the
Speaker 3: financial technology company. That's because owning a network can mean
Speaker 3: exemption from a federal law that caps debit card fees. Still,
Speaker 3: no certainty of deal here is going to happen. The
Speaker 3: Journal reports several of the banks that looked at the
Speaker 3: Pfiserve network have already decided it would be unlikely for
Speaker 3: them to move forward. Nevertheless, though, we have got shares
Speaker 3: of Pfiser hire this morning. Also on the move, speaking
Speaker 3: of higher shares of Kreinetics Pharmaceuticals up nine twenty nine percent.
Speaker 3: This is after Vertex Pharmaceuticals agree to buy the endochronology
Speaker 3: company for ten billion dollars in cash. That works out
Speaker 3: to about eighty five dollars a share, and at that
Speaker 3: price it's a one hundred and two percent premium to
Speaker 3: where Creinetic stock closed yesterday, and it is a big
Speaker 3: day for SpaceX. That stock is joining the Nasdaq one
Speaker 3: hundred still has to wait about a year to join
Speaker 3: the S and P five hundred. Also, Wall Street pretty
Speaker 3: bullish on SpaceX. At least six brokers, including Goldman, Sax,
Speaker 3: Morgan Stanley, and Ubs, have initiated coverage with the equivalent
Speaker 3: of a buy rating. Morgan Stanley's price target of six
Speaker 3: hundred dollars is the highest on Wall Street and implies
Speaker 3: an eighty seven percent gain in the stock price. Guy so,
Speaker 3: big day for space.
Speaker 1: Acc the Stock Movers report from Bloomberg Radio. Check back
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