1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,920 --> 00:00:18,840 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,840 --> 00:00:22,159 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a 6 00:00:22,200 --> 00:00:25,880 Speaker 3: comeback Monday, and one of the stocks in the midst 7 00:00:25,920 --> 00:00:30,280 Speaker 3: of the comeback is the biggest of all. Valerie, good morning. 8 00:00:30,200 --> 00:00:33,320 Speaker 1: Hey, good morning, Nathan. Happy Monday. Yes, Nvidia is leading 9 00:00:33,320 --> 00:00:36,920 Speaker 1: the gains across the mag seven on this broad rebound, 10 00:00:37,159 --> 00:00:39,920 Speaker 1: on these hopes of this government shutdown ending really taking 11 00:00:40,400 --> 00:00:42,680 Speaker 1: a lot of the focus and the worries about this 12 00:00:42,800 --> 00:00:46,120 Speaker 1: AI trade. I guess off the main path at the moment. 13 00:00:46,240 --> 00:00:49,760 Speaker 1: Nvidia up three point two percent now. It did have 14 00:00:49,840 --> 00:00:53,000 Speaker 1: its worst week last week since early April. It was 15 00:00:53,040 --> 00:00:55,480 Speaker 1: down around seven percent on the week last week, so 16 00:00:55,480 --> 00:00:58,640 Speaker 1: we're making up nearly half of the losses with this 17 00:00:58,720 --> 00:01:02,000 Speaker 1: pre market move for Nvidiao. Overnight, we did have the 18 00:01:02,040 --> 00:01:05,880 Speaker 1: CEO Jensen Kwang. He was in Taipei, his third visit 19 00:01:05,920 --> 00:01:08,680 Speaker 1: to Taiwan in the last three months, meeting with TSMC 20 00:01:09,280 --> 00:01:13,040 Speaker 1: asking for additional supply from TSMC, with the CEO saying 21 00:01:13,120 --> 00:01:15,399 Speaker 1: he has asked them for more chip supplies to keep 22 00:01:15,480 --> 00:01:18,480 Speaker 1: up with booming AI demands. So there's also a positive 23 00:01:18,520 --> 00:01:21,399 Speaker 1: sentiment as well at the back of this on this rebound. 24 00:01:21,120 --> 00:01:23,520 Speaker 3: Althoth though, I guess there is a one sector in 25 00:01:23,560 --> 00:01:28,039 Speaker 3: particular that's seeing some negative sentiment around the government shutdown 26 00:01:28,040 --> 00:01:28,759 Speaker 3: getting resolved. 27 00:01:29,440 --> 00:01:34,120 Speaker 1: Yeah, that's the health insurance sector is really on a 28 00:01:34,200 --> 00:01:37,120 Speaker 1: back foot. We have the likes of Senting down over 29 00:01:37,160 --> 00:01:40,520 Speaker 1: eight percent, OSCAR health down eight and a half, and 30 00:01:40,600 --> 00:01:43,800 Speaker 1: this comes after that Democrats are looking like they will 31 00:01:43,880 --> 00:01:47,120 Speaker 1: concede in the shutdown fight without securing a win for 32 00:01:47,200 --> 00:01:49,720 Speaker 1: healthcare payments. When it comes to the Affordable Care Act 33 00:01:49,800 --> 00:01:52,760 Speaker 1: subsidies now scenting an OSCAR are some of the biggest 34 00:01:52,760 --> 00:01:57,080 Speaker 1: providers of coverage under ACA, also known as Obambacare. We 35 00:01:57,120 --> 00:01:59,800 Speaker 1: also had President Trump out in a series of truth 36 00:02:00,040 --> 00:02:02,800 Speaker 1: social posts saying that the hundreds of billions of dollars 37 00:02:03,120 --> 00:02:06,160 Speaker 1: and federal funding that goes to these health insurers under 38 00:02:06,200 --> 00:02:09,320 Speaker 1: ACA should be sent directly to the public instead. So 39 00:02:09,440 --> 00:02:12,000 Speaker 1: double whammy for these health insurance name the whole sector 40 00:02:12,040 --> 00:02:14,320 Speaker 1: really on a back foot, sent in an OSCAR being 41 00:02:14,320 --> 00:02:15,440 Speaker 1: the main losers. 42 00:02:15,480 --> 00:02:17,880 Speaker 3: And staying in the healthcare sector of sorts. Could it 43 00:02:17,960 --> 00:02:21,600 Speaker 3: be that the met Sarah saga is coming to an 44 00:02:21,720 --> 00:02:23,520 Speaker 3: end along with the government shutdown. 45 00:02:23,720 --> 00:02:26,200 Speaker 1: Yeah, it does seem like Pfizer has ended the bidding 46 00:02:26,240 --> 00:02:29,280 Speaker 1: war for a met Sarah that's the obesit startup that 47 00:02:29,400 --> 00:02:33,120 Speaker 1: was both eyed by Peiser and by Novo Nordis. We're 48 00:02:33,120 --> 00:02:35,160 Speaker 1: seeing some share price moves off the back of this, 49 00:02:35,320 --> 00:02:38,640 Speaker 1: mostly due to met Sarah down nearly fifteen percent in 50 00:02:38,720 --> 00:02:41,440 Speaker 1: the pre market. Maybe it seemed that the market had 51 00:02:41,480 --> 00:02:45,160 Speaker 1: priced in that Novo Nordisk would continue the bidding war, 52 00:02:45,280 --> 00:02:49,200 Speaker 1: maybe raised Met Sarah's valuation further, but they declined to 53 00:02:49,240 --> 00:02:51,520 Speaker 1: give any further offer over the weekend. So it does 54 00:02:51,520 --> 00:02:54,200 Speaker 1: seem like Pfizer has sealed the deal. In a deal 55 00:02:54,200 --> 00:02:56,799 Speaker 1: it could be worth up to ten billion dollars now. 56 00:02:56,880 --> 00:03:01,360 Speaker 1: Pfeiser and Nova Nordisk have been heavily eyeing this obesity 57 00:03:01,400 --> 00:03:04,440 Speaker 1: startup to aid their efforts in the drug space Pfizer's 58 00:03:04,520 --> 00:03:07,280 Speaker 1: own in house drug failings earlier this year, and then 59 00:03:07,320 --> 00:03:09,800 Speaker 1: Novo is also dealing with the loss of its patent 60 00:03:09,840 --> 00:03:12,720 Speaker 1: for ozepic. So perhaps the saga is over, But does 61 00:03:12,720 --> 00:03:15,839 Speaker 1: seem like Matsara is losing in today's trade, down fifteen percent. 62 00:03:15,760 --> 00:03:19,120 Speaker 3: And finally, Valerie looks like robin Hood Markets is making 63 00:03:19,160 --> 00:03:20,040 Speaker 3: some news this morning. 64 00:03:20,280 --> 00:03:23,160 Speaker 1: It is so Robinhood is up four percent now. Cryptolink 65 00:03:23,160 --> 00:03:26,400 Speaker 1: stocks are generally doing well. Bitcoin is rallied over the weekend, 66 00:03:26,520 --> 00:03:28,880 Speaker 1: up over two and a half percent since Friday. But 67 00:03:28,919 --> 00:03:31,440 Speaker 1: there's also a very interesting report out from the FT 68 00:03:31,800 --> 00:03:36,560 Speaker 1: that Robinhood plans to offer investors access to private AI 69 00:03:36,640 --> 00:03:40,880 Speaker 1: companies via a new fund managed by its subsidiary, Robinhood Ventures. 70 00:03:41,160 --> 00:03:44,000 Speaker 1: The CEO was saying to the FT, he is keen 71 00:03:44,080 --> 00:03:47,800 Speaker 1: to deliver exposure to private AI companies for its customers, 72 00:03:47,800 --> 00:03:50,200 Speaker 1: regardless of this bubble chat. He wants to do it 73 00:03:50,720 --> 00:03:53,720 Speaker 1: to keep relevant with their customer base. And we're seeing 74 00:03:53,720 --> 00:03:56,000 Speaker 1: the stock react positively this morning, up four percent for 75 00:03:56,120 --> 00:03:56,640 Speaker 1: robin Hood. 76 00:03:57,960 --> 00:04:02,000 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 77 00:04:02,080 --> 00:04:04,640 Speaker 2: us throughout the day for the latest roundup of companies 78 00:04:04,720 --> 00:04:07,840 Speaker 2: making news on Wall Street and for the latest market 79 00:04:07,840 --> 00:04:12,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:04:12,400 --> 00:04:15,920 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:04:15,960 --> 00:04:17,440 Speaker 2: the Bloomberg Business app.