WEBVTT - Constellation and OPCH Jump; SpaceX Most Active

0:00:02.529 --> 0:00:09.930
<v Speaker 1>Bloomberg Audio Studios Podcasts Radio News The Stock Movers Report,

0:00:10.230 --> 0:00:13.129
<v Speaker 1>your roundup of companies making moves in the stock market.

0:00:13.150 --> 0:00:16.070
<v Speaker 1>Let's take a look at some stocks in the move today.

0:00:17.020 --> 0:00:21.600
<v Speaker 2>Let's make a deal. Option Care Health surging after McKesson

0:00:21.820 --> 0:00:25.660
<v Speaker 2>and the private equity firm CDR Rice announcing they're buying

0:00:25.680 --> 0:00:29.200
<v Speaker 2>the medical infusion company. The price tag here, $ 5 billion,

0:00:29.540 --> 0:00:31.300
<v Speaker 2>works out to $ 32. 50 a share. Did you do that

0:00:31.320 --> 0:00:35.880
<v Speaker 2>math in your head? When I close my head, that

0:00:35.920 --> 0:00:38.879
<v Speaker 2>means I'm doing math in my eyes, that is, reflecting

0:00:38.920 --> 0:00:43.100
<v Speaker 2>a total enterprise value of just about $ 5. 8 billion. The

0:00:43.150 --> 0:00:47.010
<v Speaker 2>value of the deal includes OptionCare's debt. OptionCare is the

0:00:47.190 --> 0:00:53.250
<v Speaker 2>largest independent provider of infusion services at home and therapy centers,

0:00:53.930 --> 0:00:57.710
<v Speaker 2>providing medications, fluids, and nutrients to treat ailments like cancer

0:00:57.790 --> 0:01:02.440
<v Speaker 2>and autoimmune diseases to patients across the country. OptionCare Health

0:01:02.760 --> 0:01:05.140
<v Speaker 2>is going to actually remain a separate company. It will

0:01:05.180 --> 0:01:08.720
<v Speaker 2>be led by its own management. And the transaction value

0:01:08.819 --> 0:01:12.539
<v Speaker 2>represents a premium of just about 37% to the closing

0:01:12.640 --> 0:01:16.740
<v Speaker 2>price that we saw yesterday on OptionCare Health. CD &amp;

0:01:16.300 --> 0:01:20.700
<v Speaker 2>R are going to hold a 51% majority interest. McKesson

0:01:21.240 --> 0:01:23.380
<v Speaker 2>investing $ 1. 4 billion. They're going to have a 49% stake

0:01:23.400 --> 0:01:30.870
<v Speaker 2>in this company. Tech companies racing to line up power

0:01:30.970 --> 0:01:35.449
<v Speaker 2>for data centers. Google agreeing to a 20-year deal to

0:01:35.490 --> 0:01:40.690
<v Speaker 2>buy nuclear power from Constellation Energy. So where are they

0:01:40.750 --> 0:01:45.220
<v Speaker 2>going to get this energy from? This is for 890

0:01:45.220 --> 0:01:49.400
<v Speaker 2>megawatts of new power coming online. Constellation spending more than

0:01:49.400 --> 0:01:52.640
<v Speaker 2>$ 4. 3 billion on the build-out. This is going to come

0:01:52.660 --> 0:01:57.510
<v Speaker 2>from the PJM interconnection grid, which serves... Does this mean

0:01:57.630 --> 0:01:58.510
<v Speaker 2>my lights.

0:01:58.310 --> 0:01:59.230
<v Speaker 3>Are going to start flickering?

0:01:59.250 --> 0:02:01.190
<v Speaker 4>Right, that's really the question. John's going to be in

0:02:01.210 --> 0:02:01.650
<v Speaker 4>the dark.

0:02:01.870 --> 0:02:06.270
<v Speaker 2>PJM, the biggest transmission operator in the U.S., immense amount

0:02:06.290 --> 0:02:10.260
<v Speaker 2>of electricity required for AI, is helping to revive interest

0:02:10.419 --> 0:02:13.179
<v Speaker 2>in nuclear energy. And thank God, I was going to

0:02:13.200 --> 0:02:15.580
<v Speaker 2>have a stroke if they mentioned fusion in this, but

0:02:16.260 --> 0:02:16.940
<v Speaker 2>the recent deals.

0:02:17.200 --> 0:02:19.120
<v Speaker 3>No, fusion's been like 100 years.

0:02:21.300 --> 0:02:26.100
<v Speaker 2>Recent deals have focused on existing facilities, as new reactors

0:02:26.139 --> 0:02:28.639
<v Speaker 2>can take a decade or more to permit and build.

0:02:29.260 --> 0:02:31.710
<v Speaker 2>You'll recall Amazon had a similar deal with Constellation.

0:02:31.780 --> 0:02:36.110
<v Speaker 3>The geographies on this, as you correctly, because John Tucker's prepared,

0:02:36.210 --> 0:02:41.590
<v Speaker 3>unlike Alexis, Illinois, Pennsylvania, and New Jersey. So why don't

0:02:41.610 --> 0:02:43.720
<v Speaker 3>they in the same press release say, and we will

0:02:43.750 --> 0:02:49.270
<v Speaker 3>provide immediate electric bill relief, To the public affected by

0:02:49.350 --> 0:02:52.760
<v Speaker 3>Google data centers. I don't understand why they're not doing that.

0:02:52.780 --> 0:02:54.620
<v Speaker 4>Well, wasn't Trump trying to have, I thought we were

0:02:54.639 --> 0:02:56.200
<v Speaker 4>doing something like this where they were supposed to foot

0:02:56.240 --> 0:02:59.639
<v Speaker 4>the bill and not have taxpayers do it.

0:02:59.940 --> 0:03:02.139
<v Speaker 3>John, I'm shocked the way this has been handled.

0:03:02.690 --> 0:03:06.010
<v Speaker 2>Yeah. And it's just like in terms of you'll recall

0:03:06.030 --> 0:03:08.070
<v Speaker 2>that with the Microsoft deal, they're going to restart one

0:03:08.090 --> 0:03:11.430
<v Speaker 2>of the reactors at Three Mile Island. Right. So, I mean,

0:03:11.830 --> 0:03:14.070
<v Speaker 2>I would like to meet the press agent who's coming

0:03:14.130 --> 0:03:14.669
<v Speaker 2>up with this.

0:03:14.690 --> 0:03:16.889
<v Speaker 4>Can I just say this with all of the investment

0:03:16.930 --> 0:03:19.329
<v Speaker 4>going into AI and the question has been for a

0:03:19.350 --> 0:03:21.220
<v Speaker 4>long time, show me the money. How do you like

0:03:21.260 --> 0:03:24.850
<v Speaker 4>this new report from Andreessen Horowitz? only four and a

0:03:24.889 --> 0:03:27.690
<v Speaker 4>half percent of consumers in the country have a personal

0:03:27.790 --> 0:03:29.500
<v Speaker 4>subscription for AI.

0:03:29.760 --> 0:03:31.360
<v Speaker 3>Yeah, this is a huge deal. So most people.

0:03:31.260 --> 0:03:33.820
<v Speaker 2>Are not paying for AI. I'll either steal it or

0:03:33.860 --> 0:03:34.620
<v Speaker 2>get it for free.

0:03:34.720 --> 0:03:36.660
<v Speaker 4>You pay though, Tom, don't you?

0:03:36.740 --> 0:03:40.600
<v Speaker 3>I do. I have perplexity. Mr. Secunda pulled me aside

0:03:40.680 --> 0:03:42.780
<v Speaker 3>and he said, just shut up and get perplexity. And

0:03:43.540 --> 0:03:45.180
<v Speaker 3>It's changed my life. Do you have time for one more?

0:03:45.580 --> 0:03:48.880
<v Speaker 2>Let's do SpaceX. It was the most active in pre-market trading.

0:03:49.340 --> 0:03:52.330
<v Speaker 2>And part of it is this. NASA close to announcing

0:03:52.530 --> 0:03:56.630
<v Speaker 2>a bulk purchase of rocket launches to fuel its $ 30

0:03:56.590 --> 0:03:59.720
<v Speaker 2>billion drive to build a permanent base on the moon

0:04:00.180 --> 0:04:02.040
<v Speaker 2>for humans to live and work.

0:04:03.490 --> 0:04:07.529
<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

0:04:07.610 --> 0:04:10.130
<v Speaker 1>us throughout the day for the latest roundup of companies

0:04:10.230 --> 0:04:14.170
<v Speaker 1>making news on Wall Street. And for the latest market-moving headlines,

0:04:14.470 --> 0:04:19.000
<v Speaker 1>listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com,

0:04:19.220 --> 0:04:22.180
<v Speaker 1>and on Apple CarPlay and Android Auto with the Bloomberg

0:04:22.220 --> 0:04:22.859
<v Speaker 1>Business app.