WEBVTT - Intel Rises, Tango Therapeutics Soars, Strategy Gains As it Resumes Buying Bitcoin

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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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. We

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<v Speaker 1>can do that with Judy la Group from a Bloomberg News.

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<v Speaker 2>Judy, you look at today, Good morning, I am looking

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<v Speaker 2>at war stocks. I'm going to break. There was a

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<v Speaker 2>little bit here this morning it was reported that Intel

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<v Speaker 2>is in an agreement with Google. Google has offered to

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<v Speaker 2>buy three million specialized AI chips from Intel for twenty

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<v Speaker 2>twenty eight. And so Intel stock is absolutely responding to

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<v Speaker 2>this news. It's up twelve percent on the day, its

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<v Speaker 2>largest increase in about a month. And Intel has really

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<v Speaker 2>been on a tear year to date. It has gone

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<v Speaker 2>up about it's doubled quite frankly, So a really again

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<v Speaker 2>interesting space to watch. What has not been said about

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<v Speaker 2>AI of course, so that news is continuing to affect markets,

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<v Speaker 2>which I think is incredibly interesting to see.

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<v Speaker 1>All right, good stuff, Thank you for that. What's next

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<v Speaker 1>on your list, Judy.

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<v Speaker 2>Sure Scarlett Tango Therapeutics so Tago Therapeutics recently announced the

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<v Speaker 2>successful clinical trial for pancreatic cancer. The stock is up

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<v Speaker 2>on the day forty eight percent, and you're to date.

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<v Speaker 2>As of Friday's closed, the stock itself had more than doubled.

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<v Speaker 2>But today the stock is up close to an all

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<v Speaker 2>time high price. It's on track rather for an all

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<v Speaker 2>time high price. And the zoo Ho analysts were really

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<v Speaker 2>quite excited about this crolinicultural. They called it quote a

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<v Speaker 2>clear signal of synergy, and it's the drug itself actually

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<v Speaker 2>is positioned for compelling sort of getting rid of chemo

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<v Speaker 2>for some patients, and so that is definitely a game changer.

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<v Speaker 2>And again is face to watch there.

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<v Speaker 1>Stocks up two hundred percent year to date, up five

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<v Speaker 1>hundred percent on a trilly twelve month basis. It's a binary.

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<v Speaker 2>You go to those biotech sas absolutely binary. One more

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<v Speaker 2>sure strategy. So this is i'll call it, you know,

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<v Speaker 2>this is now four stocks I've got, so i'll call

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<v Speaker 2>it four and a half here. So we're looking at strategy,

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<v Speaker 2>but we're also looking at it in tandem with bitcoin.

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<v Speaker 2>So strategy itself is up five percent on the day,

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<v Speaker 2>and Bitcoin is up four percent, which is its largest

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<v Speaker 2>gain since April. And all of this movement is really

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<v Speaker 2>coming as a result of Strategy last week selling bitcoin

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<v Speaker 2>for the first time since twenty twenty two, and that

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<v Speaker 2>really moved sort of bitcoin buyers and sellers, really sort

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<v Speaker 2>of shaking up the market. And so now Strategy this

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<v Speaker 2>morning has announced that it had purchased one hundred and

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<v Speaker 2>one million dollars in bitcoin according to a filing. So

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<v Speaker 2>as a result of that Bitcoin and Strategy, you're seeing

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<v Speaker 2>both up. So again a lot of moving and shaking

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<v Speaker 2>in crypto today. Definitely space to watch.

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<v Speaker 1>As Wellmover's report from Bloomberg Radio. Check back with us

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