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: You want to take a look at some of the
Speaker 2: stocks on the move today, and Noram Linda joins us.
Speaker 2: She's an equities reporter on the BN side. But I'm
Speaker 2: sure you know her from this show and many others
Speaker 2: where she.
Speaker 1: Helps out so much.
Speaker 2: Nora, I guess Apple is one of the main stocks
Speaker 2: or Washington day, the biggest corporate news story. What are
Speaker 2: we seeing there?
Speaker 3: Definitely? I mean I'm looking at shares of Apple. They're
Speaker 3: down about one point seven percent right now in trading.
Speaker 2: But of course we know the.
Speaker 3: Biggest news of the day is the debut of the
Speaker 3: iPhone seventeen lineup? How do we already make it to seventeen? Matt,
Speaker 3: which iPhone do you have?
Speaker 2: I have? I think the fifteen, So I try and
Speaker 2: upgrade every two years or at least.
Speaker 3: You see my assumption that you had an Apple product.
Speaker 3: I didn't even you could have had an answer, yes.
Speaker 2: Well no, I'm a normal human dating well, one of
Speaker 2: those people who shuns the Apple ecosystem and prefers to
Speaker 2: use like to be alternative to the other people, or
Speaker 2: do the other people use Unix or something.
Speaker 3: I have no idea what they're doing on that side,
Speaker 3: but we do have the debut, and of course that's
Speaker 3: really what's been in focus today. And apparently it has
Speaker 3: a skinnier air model here. And of course we know
Speaker 3: that we always see the updates the camera technology and
Speaker 3: all the sort, but we are seeing shares sliding just
Speaker 3: a tad today. But I do want to move to
Speaker 3: some of the names in the green that I am
Speaker 3: keeping an eye on. Look at chairs of Neby. It
Speaker 3: says ticker in bis. Some of these names, it's so
Speaker 3: interesting I kind of had to do a deep dive
Speaker 3: into them. But this company's in focus up as much
Speaker 3: as fifty four percent today, So what's really really charging
Speaker 3: higher here? Essentially this is an AI software company. What
Speaker 3: we do is the ticker is nbnbis. Yes, this is
Speaker 3: a company a lot of people had.
Speaker 2: Never heard of.
Speaker 3: See that's what I'm saying. I had to do my research.
Speaker 2: It is essentially the new yandex.
Speaker 3: Apparently so and so. I mean, of course the focus
Speaker 3: today is the deal that they had with Microsoft. And
Speaker 3: this is the fact that they have a deal that's
Speaker 3: worth at least seventeen point four billion dollars, but could
Speaker 3: be as much as nineteen point four billion. And we
Speaker 3: were seeing other companies that were also rallying after the
Speaker 3: news because essentially people have this bet that you know, hey,
Speaker 3: if they're getting a deal with Microsoft, maybe so many
Speaker 3: other ones can too, like Core, Weave, Taro Wolf. So
Speaker 3: we are seeing a broad based rally here. But let's
Speaker 3: move back over to Tormaline, that's ticker TRML. We're seeing
Speaker 3: another deal here, So novard Is is hoping to buy
Speaker 3: or they are buying US biotech company Tormaline, one I
Speaker 3: had to dig into as well. It's about one point
Speaker 3: two billion dollars, so it's a small biotech company. But
Speaker 3: if you look at the moves that it's making today,
Speaker 3: it's up fifty eight percent, so really really on a
Speaker 3: tear here looking at shares year to date, up as
Speaker 3: much as one hundred and thirty four percent so far
Speaker 3: this year. So I mean, these are some small biotech companies,
Speaker 3: but lots of activity going on there.
Speaker 2: Tormaline TRML the ticker there. TECK is the ticker for
Speaker 2: tech Resources based out of Canada. Trades here, what's this
Speaker 2: story with this miner, Well, this is the story. It's
Speaker 2: actually and smelter, I should say absolutely so this smelter.
Speaker 3: Is a really big deal here. It's one of the
Speaker 3: biggest mining deals that we're seeing in over a decade. Here,
Speaker 3: we're seeing shares of Tech Resources tick her Teck for
Speaker 3: their seeing their best day since April. Here, shares are
Speaker 3: up as much as eighteen percent in trading. But essentially,
Speaker 3: Anglo American agreed that they would buy the Canadian and
Speaker 3: minor and we're really seeing a lot of the street
Speaker 3: kind of rallying behind this, a lot of optimism right now.
Speaker 3: But this will actually create a company of worth more
Speaker 3: than fifteen billion dollars.
Speaker 1: Here, Matt this stock mover's report from Bloomberg Radio. Check
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