Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some of the stocks on the move today. I'm
Speaker 1: Paul Swooney along with alex Steel and we're joined by Bloomers.
Speaker 1: They need to Ceco, but they need so what are
Speaker 1: you looking at this one.
Speaker 2: Let's start with a quick check on Boeing. Obviously, it's
Speaker 2: coming off the devastating news of the crash with the
Speaker 2: plane heading to on them from India. The stock is
Speaker 2: down about six percent today. Along with that, we're seeing
Speaker 2: General Electric, We're seeing Spirit Aero Systems. We're seeing a
Speaker 2: lot of those avier companies suffering devastating crash. More than
Speaker 2: two hundred people have been found aat and obviously we're
Speaker 2: getting more and more developments on that. It's raising a
Speaker 2: lot of questions about the safety of CEV aviation. We
Speaker 2: know the twenty twenty four pretty bad year. Twenty twenty
Speaker 2: five had a rough start. There were more and more
Speaker 2: questions about buoying and clearly those questions are coming back.
Speaker 2: The motor was from General Electric, so those dogs are
Speaker 2: susing pressure. So the devastating story and indeed raising a
Speaker 2: lot of questions going forward for cevil Aviation. Yeah, absolutely,
Speaker 2: all right, what else you're a gonna We're looking at
Speaker 2: game Stop as well. The stock tumbled more than nineteen percent.
Speaker 2: It's about twenty percent now if we look here today,
Speaker 2: it's down twenty seven percent. Pretty rough start of the year.
Speaker 2: They're implementing that's strategy, Stone Front strategy from Michael Saylor,
Speaker 2: and they're applying to offer about one point seventy five
Speaker 2: billion worth of convertible bonds. They made a lot of
Speaker 2: changes in March, and it seems like this hasn't reflected
Speaker 2: that wech on their share price. The updated a policy
Speaker 2: to allow executive and directors to promise security is a collateral.
Speaker 2: They also allowed in their investment policy to invest treasury
Speaker 2: reserve assets in bitcoin. So those two big changes were
Speaker 2: supposed to help the company with Clearly investors are not
Speaker 2: reacting well to that big loss here today. Of course,
Speaker 2: this is a retail favorite, so things move very fast
Speaker 2: than fortunes change. But so far the news today are
Speaker 2: not takeaway by investors. Anything else we have Beyontech buying CureVac.
Speaker 2: That's a very interesting one where the two companies have
Speaker 2: been rivals for many years and now Beyondech is buying
Speaker 2: it for one point twenty five billion all sock transaction.
Speaker 2: So Beyontech won the race with Pfizer when it comes
Speaker 2: to becoming one of the leading biotechs in Europe. Cure
Speaker 2: back Shot never made it to the market actually, but
Speaker 2: they have pivoted away from infection diseases workocusing instead on
Speaker 2: cancer IMU therapies, so that acquisition is adding to be
Speaker 2: intech effort in that stock is just over one percent today,
Speaker 2: but here today pretty strong, a pretty strong gain of
Speaker 2: six percent, so some good news for vaccine makers.
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