1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,439 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,480 --> 00:00:22,040 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on what 6 00:00:22,239 --> 00:00:25,239 Speaker 1: is not just a jobs Friday? Apparently it is a 7 00:00:25,480 --> 00:00:29,560 Speaker 1: deals Friday, particularly around the deal that we saw from 8 00:00:29,800 --> 00:00:33,640 Speaker 1: Meta Platforms this morning. Good morning, Valerie, Hey, Good morning Nathan. 9 00:00:33,720 --> 00:00:33,879 Speaker 2: Yeah. 10 00:00:33,960 --> 00:00:38,360 Speaker 3: Meta inking more deals with nuclear power plant providers. We're 11 00:00:38,360 --> 00:00:42,519 Speaker 3: seeing the likes of Oaklow Energy surge over seventeen percent 12 00:00:42,600 --> 00:00:45,720 Speaker 3: of the back of this news. Vistra Energy also surging 13 00:00:45,800 --> 00:00:49,960 Speaker 3: twelve percent in pre market. Meta has signed more multi 14 00:00:49,960 --> 00:00:53,400 Speaker 3: gigawatt nuclear power deals for its data centers, and will 15 00:00:53,440 --> 00:00:56,800 Speaker 3: now make Meta the biggest buyer of nuclear power among 16 00:00:56,880 --> 00:01:01,400 Speaker 3: its Hyperscaler appears the agreements today announced could end up 17 00:01:01,440 --> 00:01:04,840 Speaker 3: totally more than six gigawatts, which is essentially the average 18 00:01:04,840 --> 00:01:08,440 Speaker 3: power demand of New York City now. Zuckerberg last year 19 00:01:08,560 --> 00:01:11,240 Speaker 3: told investors that he sees more of a risk posed 20 00:01:11,520 --> 00:01:14,720 Speaker 3: to his company by underspending on AI infrastructure than he 21 00:01:14,800 --> 00:01:17,959 Speaker 3: does by overspending on it. He's sticking to his words 22 00:01:17,959 --> 00:01:21,000 Speaker 3: today with these big deals announced. We're seeing nuclear and 23 00:01:21,120 --> 00:01:23,720 Speaker 3: uranium stocks also surging on the back of this. It's 24 00:01:23,760 --> 00:01:25,240 Speaker 3: a broad based sector move. 25 00:01:25,640 --> 00:01:29,160 Speaker 1: Yeah, seriously, and we might have a deal as well, 26 00:01:29,160 --> 00:01:31,680 Speaker 1: and I stress might in the pharma space. 27 00:01:32,200 --> 00:01:34,840 Speaker 3: Yeah, biotech, it's hot this month and hot this year. 28 00:01:34,920 --> 00:01:39,840 Speaker 3: Revolution Medicine surging fifteen percent. The Financial Times reporting that 29 00:01:39,920 --> 00:01:42,679 Speaker 3: merk is in talks to buy the cancer drug maker. 30 00:01:43,120 --> 00:01:45,679 Speaker 3: Mark has been on a buying spree in the last 31 00:01:45,959 --> 00:01:48,720 Speaker 3: year to fill an impending revenue hall in one of 32 00:01:48,760 --> 00:01:52,840 Speaker 3: its cancer treatments as losing patent protection. Now Revolution Medicines 33 00:01:53,080 --> 00:01:55,800 Speaker 3: has a market value of near nineteen billions, would mark 34 00:01:55,840 --> 00:01:59,520 Speaker 3: another big spending deal in the red hot biotech sector 35 00:01:59,520 --> 00:02:00,559 Speaker 3: in the last few months. 36 00:02:00,560 --> 00:02:03,960 Speaker 1: We're seeing some big moves as well among mortgage lenders 37 00:02:04,040 --> 00:02:09,240 Speaker 1: after some more comments from President Trump affecting the markets exactly. 38 00:02:09,320 --> 00:02:12,560 Speaker 3: Another stock move off the back of President Trump's words. 39 00:02:12,560 --> 00:02:15,720 Speaker 3: Home lending stocks really surging this morning. We have the 40 00:02:15,800 --> 00:02:19,519 Speaker 3: likes of loan depot hire by seventeen percent in pre market, 41 00:02:19,639 --> 00:02:24,160 Speaker 3: Rocket mortgage hire by six percent, rising alongside mortgage bonds 42 00:02:24,400 --> 00:02:27,359 Speaker 3: after the US President said he was directing Fanny May 43 00:02:27,440 --> 00:02:30,640 Speaker 3: and Freddie Mack to purchase two hundred billion dollars of 44 00:02:30,680 --> 00:02:33,480 Speaker 3: mortgage backed securities in order to bring down the cost 45 00:02:33,520 --> 00:02:36,880 Speaker 3: of housing, bring down mortgage rates, and lower mortgage rates 46 00:02:36,880 --> 00:02:38,960 Speaker 3: means more mortgage activity for these lenders. 47 00:02:39,400 --> 00:02:41,519 Speaker 1: A lot of upside movers this morning, but we got 48 00:02:41,520 --> 00:02:45,400 Speaker 1: to highlight one downside mover. Nuclear power may be hot, 49 00:02:45,440 --> 00:02:48,079 Speaker 1: but electric cars are not. 50 00:02:48,760 --> 00:02:51,840 Speaker 3: Yeah, that's right, GM falling two percent in pre market. 51 00:02:51,919 --> 00:02:55,800 Speaker 3: It's taking another six billion dollars in charges tied to 52 00:02:55,880 --> 00:03:02,080 Speaker 3: EV production cutbacks. Financial fallout is really spreading among the 53 00:03:02,080 --> 00:03:05,079 Speaker 3: weakening market for evs that has seen rivals such as 54 00:03:05,120 --> 00:03:08,360 Speaker 3: Ford also take massive ride offs. Big questions for the 55 00:03:08,360 --> 00:03:11,360 Speaker 3: EV industry ahead. Have we already passed the peak? EV 56 00:03:11,639 --> 00:03:13,600 Speaker 3: is at the beginning of the end of the industry, 57 00:03:13,600 --> 00:03:15,679 Speaker 3: as we're seeing multiple car makers being able to pull 58 00:03:15,720 --> 00:03:16,840 Speaker 3: back from the US market. 59 00:03:18,160 --> 00:03:22,200 Speaker 2: This stock Moover's report from Bloomberg Radio. Check back with 60 00:03:22,280 --> 00:03:24,840 Speaker 2: us throughout the day for the latest roundup of companies 61 00:03:24,919 --> 00:03:28,040 Speaker 2: making news on Wall Street and for the latest market 62 00:03:28,040 --> 00:03:32,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 63 00:03:32,600 --> 00:03:36,120 Speaker 2: Bloomberg dot com, and on Applecarplay. And Android Auto with 64 00:03:36,200 --> 00:03:37,680 Speaker 2: the Bloomberg Business App.