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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 2: I'm Tom Keen and Bloomberg's Lisa Matteo.

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Speaker 4: Lisa, what do you have? Yeah, you're right on that.

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Speaker 4: So we'll start with EchoStar.

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Speaker 3: SATs is a ticker, so it rows as much as

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Speaker 3: sixty four percent before the bellots pair down, kind of

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Speaker 3: a bit since then sell it more than about twenty percent.

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Speaker 3: But Elon Musk SpaceX that owns a Starlink satellite network.

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Speaker 3: He's agreed to buy wireless Spectrum from the company for

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Speaker 3: seventeen billion dollars in cash and stock. That's the reason

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Speaker 3: for the big surge. So how it benefits EchoStar Well,

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Speaker 3: EchoStar is going to use the proceeds from the deal

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Speaker 3: to retire some of its debt fund initiatives for growth.

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Speaker 3: And then what does SpaceX get out of the deal?

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Speaker 4: Right?

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Speaker 3: So SpaceX satellite operators like spaces who want to provide

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Speaker 3: direct to service mobile service from space, they usually need

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Speaker 3: to team up with at least one mobile company that

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Speaker 3: holds its ground based mobile licenses, but SpaceX they currently

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Speaker 3: have a partnership with Team Mobile. But this spectrum deal

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Speaker 3: that's going to allow it to offer its own direct

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Speaker 3: to device offerings more independently.

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Speaker 4: So that's how SpaceX is benefit from this.

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Speaker 1: I should say this is coming just a few weeks

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Speaker 1: after this announcement from AT and T back in late

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Speaker 1: August that they were going to buy a large swath

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Speaker 1: of spectrum from Ecostar as well. I think that deal

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Speaker 1: valued to twenty three billion dollars. So I guess the

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Speaker 1: big question with that one, Tom is is this going

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Speaker 1: to get regulatory approval? Charlie Ergan's been trying to offload

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Speaker 1: all of this. Today a new chapter in that story,

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Speaker 1: and again the open question is are those deals going

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Speaker 1: to get through?

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Speaker 2: I'll have to see.

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Speaker 4: And of course this goes after the pay discussion.

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Speaker 1: What forty eight hours ago of elon.

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Speaker 4: Musk Next, what do you go? Okay?

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Speaker 3: So I want to start with a few more socks

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Speaker 3: joining the S and P five hundred later this month

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Speaker 3: because their shares are seeing a boost from it. So

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Speaker 3: we have app love and their shares have been up

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Speaker 3: as much as nine percent rob Hood up as much

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Speaker 3: as eight percent, MCRE up as much as two percent.

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Speaker 3: Who will they replace, Okay, they'll replace Market Access, Caesar's Entertainment,

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Speaker 3: and Phase Energy. That'll take place on September twenty second,

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Speaker 3: And then you have Bloomberg Intelligence. They're saying that robin

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Speaker 3: Hood's addition to the S and P five hundred is

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Speaker 3: going to expand its shareholder base. But it also talks

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Speaker 3: about which industry is about how the inclusion into the

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Speaker 3: benchmark is just becoming more important for companies because it's

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Speaker 3: like a world more and more dominated by this passive

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Speaker 3: by passive investment funds. So that's kind of the points

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Speaker 3: that they make on that summit. Therapeutics, it's it's ticker

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Speaker 3: SMMT some therapeutics. Their shares have been down, yeah, more

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Speaker 3: than twenty five percent.

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Speaker 4: New data.

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Speaker 3: It's because of this closely watched lung cancer drug. It disappointed.

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Speaker 3: The drug was seen as this possible revival to the

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Speaker 3: world's top selling cancer therapy. The company released the data

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Speaker 3: right and the data showed an improving favorable trend, helping

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Speaker 3: patients from North America to Europe live longer. But analysts

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Speaker 3: started to flag some discrepant between Chinese and Western data.

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Speaker 3: So what this says it kind of dims the hopes

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Speaker 3: for the drugs first approval beyond China, and that's why

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Speaker 3: those shares are taking a hit ye down as much

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Speaker 3: as twenty five percent.

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Speaker 4: Not good for that. Some big earning news coming out tomorrow.

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Speaker 4: Oracle reports tomorrow.

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Speaker 3: Yes, ticker oh RCL be aware for it. It shares

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Speaker 3: a bit as much as three percent before the open.

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Speaker 3: Morgan Stanley analysts, they kind of raise the target on Oracle.

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Speaker 3: But what analysts are looking for tomorrow. The cloud business

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Speaker 3: has been booming, right, but they want to assess the

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Speaker 3: impact of profit metrics. So wall Stree, you'll be looking

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Speaker 3: to put more numbers around some of the big opportunities

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Speaker 3: that the company has talked about, and they want to

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Speaker 3: see if this is really going to play out because

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Speaker 3: earlier the summer they talked about you know how they

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Speaker 3: ink this cloud services agreement with an unnamed company could

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Speaker 3: add about thirty billion to its annual revenue starting in

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Speaker 3: fiscal twenty twenty eight. So they're going to take a

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Speaker 3: step back and say, Okay, is this really going to happen.

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Speaker 2: The Stock Mover's report from Blueloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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