1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,520 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:18,560 --> 00:00:20,760 Speaker 1: at some of the stocks on the move today. I'm 5 00:00:20,760 --> 00:00:23,520 Speaker 1: Paul Swooney along with alex Steel and we're joined by Bloomers. 6 00:00:23,520 --> 00:00:24,800 Speaker 1: They need to Ceco, but they need so what are 7 00:00:24,800 --> 00:00:25,600 Speaker 1: you looking at this one. 8 00:00:25,720 --> 00:00:27,800 Speaker 2: Let's start with a quick check on Boeing. Obviously, it's 9 00:00:27,840 --> 00:00:30,520 Speaker 2: coming off the devastating news of the crash with the 10 00:00:30,600 --> 00:00:33,519 Speaker 2: plane heading to on them from India. The stock is 11 00:00:33,560 --> 00:00:38,360 Speaker 2: down about six percent today. Along with that, we're seeing 12 00:00:38,400 --> 00:00:42,280 Speaker 2: General Electric, We're seeing Spirit Aero Systems. We're seeing a 13 00:00:42,280 --> 00:00:47,760 Speaker 2: lot of those avier companies suffering devastating crash. More than 14 00:00:47,760 --> 00:00:50,720 Speaker 2: two hundred people have been found aat and obviously we're 15 00:00:50,760 --> 00:00:53,760 Speaker 2: getting more and more developments on that. It's raising a 16 00:00:53,800 --> 00:00:57,840 Speaker 2: lot of questions about the safety of CEV aviation. We 17 00:00:57,920 --> 00:01:01,920 Speaker 2: know the twenty twenty four pretty bad year. Twenty twenty 18 00:01:01,920 --> 00:01:04,479 Speaker 2: five had a rough start. There were more and more 19 00:01:04,560 --> 00:01:09,759 Speaker 2: questions about buoying and clearly those questions are coming back. 20 00:01:10,400 --> 00:01:15,160 Speaker 2: The motor was from General Electric, so those dogs are 21 00:01:15,280 --> 00:01:19,920 Speaker 2: susing pressure. So the devastating story and indeed raising a 22 00:01:19,920 --> 00:01:23,600 Speaker 2: lot of questions going forward for cevil Aviation. Yeah, absolutely, 23 00:01:23,760 --> 00:01:25,560 Speaker 2: all right, what else you're a gonna We're looking at 24 00:01:25,560 --> 00:01:30,120 Speaker 2: game Stop as well. The stock tumbled more than nineteen percent. 25 00:01:30,160 --> 00:01:34,199 Speaker 2: It's about twenty percent now if we look here today, 26 00:01:34,520 --> 00:01:37,960 Speaker 2: it's down twenty seven percent. Pretty rough start of the year. 27 00:01:38,240 --> 00:01:44,240 Speaker 2: They're implementing that's strategy, Stone Front strategy from Michael Saylor, 28 00:01:44,400 --> 00:01:47,400 Speaker 2: and they're applying to offer about one point seventy five 29 00:01:47,880 --> 00:01:50,560 Speaker 2: billion worth of convertible bonds. They made a lot of 30 00:01:50,680 --> 00:01:53,840 Speaker 2: changes in March, and it seems like this hasn't reflected 31 00:01:53,840 --> 00:01:56,640 Speaker 2: that wech on their share price. The updated a policy 32 00:01:56,680 --> 00:02:01,920 Speaker 2: to allow executive and directors to promise security is a collateral. 33 00:02:02,320 --> 00:02:07,360 Speaker 2: They also allowed in their investment policy to invest treasury 34 00:02:07,360 --> 00:02:11,520 Speaker 2: reserve assets in bitcoin. So those two big changes were 35 00:02:11,560 --> 00:02:13,960 Speaker 2: supposed to help the company with Clearly investors are not 36 00:02:14,360 --> 00:02:18,080 Speaker 2: reacting well to that big loss here today. Of course, 37 00:02:18,080 --> 00:02:21,280 Speaker 2: this is a retail favorite, so things move very fast 38 00:02:21,320 --> 00:02:24,360 Speaker 2: than fortunes change. But so far the news today are 39 00:02:24,400 --> 00:02:31,360 Speaker 2: not takeaway by investors. Anything else we have Beyontech buying CureVac. 40 00:02:31,480 --> 00:02:33,960 Speaker 2: That's a very interesting one where the two companies have 41 00:02:34,000 --> 00:02:38,600 Speaker 2: been rivals for many years and now Beyondech is buying 42 00:02:38,600 --> 00:02:42,560 Speaker 2: it for one point twenty five billion all sock transaction. 43 00:02:44,040 --> 00:02:48,320 Speaker 2: So Beyontech won the race with Pfizer when it comes 44 00:02:48,360 --> 00:02:52,960 Speaker 2: to becoming one of the leading biotechs in Europe. Cure 45 00:02:53,080 --> 00:02:56,440 Speaker 2: back Shot never made it to the market actually, but 46 00:02:56,520 --> 00:03:01,000 Speaker 2: they have pivoted away from infection diseases workocusing instead on 47 00:03:01,240 --> 00:03:05,519 Speaker 2: cancer IMU therapies, so that acquisition is adding to be 48 00:03:05,600 --> 00:03:10,200 Speaker 2: intech effort in that stock is just over one percent today, 49 00:03:10,240 --> 00:03:12,960 Speaker 2: but here today pretty strong, a pretty strong gain of 50 00:03:13,000 --> 00:03:17,400 Speaker 2: six percent, so some good news for vaccine makers. 51 00:03:18,560 --> 00:03:22,680 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 52 00:03:22,760 --> 00:03:25,519 Speaker 1: us throughout the day for the latest roundup of companies 53 00:03:25,560 --> 00:03:28,600 Speaker 1: making news on Wall Street and for the latest market 54 00:03:28,639 --> 00:03:33,000 Speaker 1: moving headlines. 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