WEBVTT - Boeing GameStop Fall, BioNTech Rise on CureVac Acquisition 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some of the stocks on the move today. I'm

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<v Speaker 1>Paul Swooney along with alex Steel and we're joined by Bloomers.

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<v Speaker 1>They need to Ceco, but they need so what are

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<v Speaker 1>you looking at this one.

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<v Speaker 2>Let's start with a quick check on Boeing. Obviously, it's

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<v Speaker 2>coming off the devastating news of the crash with the

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<v Speaker 2>plane heading to on them from India. The stock is

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<v Speaker 2>down about six percent today. Along with that, we're seeing

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<v Speaker 2>General Electric, We're seeing Spirit Aero Systems. We're seeing a

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<v Speaker 2>lot of those avier companies suffering devastating crash. More than

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<v Speaker 2>two hundred people have been found aat and obviously we're

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<v Speaker 2>getting more and more developments on that. It's raising a

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<v Speaker 2>lot of questions about the safety of CEV aviation. We

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<v Speaker 2>know the twenty twenty four pretty bad year. Twenty twenty

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<v Speaker 2>five had a rough start. There were more and more

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<v Speaker 2>questions about buoying and clearly those questions are coming back.

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<v Speaker 2>The motor was from General Electric, so those dogs are

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<v Speaker 2>susing pressure. So the devastating story and indeed raising a

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<v Speaker 2>lot of questions going forward for cevil Aviation. Yeah, absolutely,

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<v Speaker 2>all right, what else you're a gonna We're looking at

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<v Speaker 2>game Stop as well. The stock tumbled more than nineteen percent.

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<v Speaker 2>It's about twenty percent now if we look here today,

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<v Speaker 2>it's down twenty seven percent. Pretty rough start of the year.

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<v Speaker 2>They're implementing that's strategy, Stone Front strategy from Michael Saylor,

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<v Speaker 2>and they're applying to offer about one point seventy five

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<v Speaker 2>billion worth of convertible bonds. They made a lot of

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<v Speaker 2>changes in March, and it seems like this hasn't reflected

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<v Speaker 2>that wech on their share price. The updated a policy

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<v Speaker 2>to allow executive and directors to promise security is a collateral.

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<v Speaker 2>They also allowed in their investment policy to invest treasury

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<v Speaker 2>reserve assets in bitcoin. So those two big changes were

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<v Speaker 2>supposed to help the company with Clearly investors are not

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<v Speaker 2>reacting well to that big loss here today. Of course,

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<v Speaker 2>this is a retail favorite, so things move very fast

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<v Speaker 2>than fortunes change. But so far the news today are

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<v Speaker 2>not takeaway by investors. Anything else we have Beyontech buying CureVac.

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<v Speaker 2>That's a very interesting one where the two companies have

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<v Speaker 2>been rivals for many years and now Beyondech is buying

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<v Speaker 2>it for one point twenty five billion all sock transaction.

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<v Speaker 2>So Beyontech won the race with Pfizer when it comes

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<v Speaker 2>to becoming one of the leading biotechs in Europe. Cure

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<v Speaker 2>back Shot never made it to the market actually, but

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<v Speaker 2>they have pivoted away from infection diseases workocusing instead on

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<v Speaker 2>cancer IMU therapies, so that acquisition is adding to be

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<v Speaker 2>intech effort in that stock is just over one percent today,

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<v Speaker 2>but here today pretty strong, a pretty strong gain of

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<v Speaker 2>six percent, so some good news for vaccine makers.

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<v Speaker 1>The Stock Movers podcast from Bloomberg Radio. Check back with

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