WEBVTT - Nvidia Moves Higher; Pfizer in Shutdown Flux; Rumble Rises

0:00:02.520 --> 0:00:08.720
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.600 --> 0:00:15.880
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.920 --> 0:00:18.840
<v Speaker 3>Let's take a look at some stocks on the move today.

0:00:18.840 --> 0:00:22.159
<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a

0:00:22.200 --> 0:00:25.880
<v Speaker 3>comeback Monday, and one of the stocks in the midst

0:00:25.920 --> 0:00:30.280
<v Speaker 3>of the comeback is the biggest of all. Valerie, good morning.

0:00:30.200 --> 0:00:33.320
<v Speaker 1>Hey, good morning, Nathan. Happy Monday. Yes, Nvidia is leading

0:00:33.320 --> 0:00:36.920
<v Speaker 1>the gains across the mag seven on this broad rebound,

0:00:37.159 --> 0:00:39.920
<v Speaker 1>on these hopes of this government shutdown ending really taking

0:00:40.400 --> 0:00:42.680
<v Speaker 1>a lot of the focus and the worries about this

0:00:42.800 --> 0:00:46.120
<v Speaker 1>AI trade. I guess off the main path at the moment.

0:00:46.240 --> 0:00:49.760
<v Speaker 1>Nvidia up three point two percent now. It did have

0:00:49.840 --> 0:00:53.000
<v Speaker 1>its worst week last week since early April. It was

0:00:53.040 --> 0:00:55.480
<v Speaker 1>down around seven percent on the week last week, so

0:00:55.480 --> 0:00:58.640
<v Speaker 1>we're making up nearly half of the losses with this

0:00:58.720 --> 0:01:02.000
<v Speaker 1>pre market move for Nvidiao. Overnight, we did have the

0:01:02.040 --> 0:01:05.880
<v Speaker 1>CEO Jensen Kwang. He was in Taipei, his third visit

0:01:05.920 --> 0:01:08.680
<v Speaker 1>to Taiwan in the last three months, meeting with TSMC

0:01:09.280 --> 0:01:13.040
<v Speaker 1>asking for additional supply from TSMC, with the CEO saying

0:01:13.120 --> 0:01:15.399
<v Speaker 1>he has asked them for more chip supplies to keep

0:01:15.480 --> 0:01:18.480
<v Speaker 1>up with booming AI demands. So there's also a positive

0:01:18.520 --> 0:01:21.399
<v Speaker 1>sentiment as well at the back of this on this rebound.

0:01:21.120 --> 0:01:23.520
<v Speaker 3>Althoth though, I guess there is a one sector in

0:01:23.560 --> 0:01:28.039
<v Speaker 3>particular that's seeing some negative sentiment around the government shutdown

0:01:28.040 --> 0:01:28.759
<v Speaker 3>getting resolved.

0:01:29.440 --> 0:01:34.120
<v Speaker 1>Yeah, that's the health insurance sector is really on a

0:01:34.200 --> 0:01:37.120
<v Speaker 1>back foot. We have the likes of Senting down over

0:01:37.160 --> 0:01:40.520
<v Speaker 1>eight percent, OSCAR health down eight and a half, and

0:01:40.600 --> 0:01:43.800
<v Speaker 1>this comes after that Democrats are looking like they will

0:01:43.880 --> 0:01:47.120
<v Speaker 1>concede in the shutdown fight without securing a win for

0:01:47.200 --> 0:01:49.720
<v Speaker 1>healthcare payments. When it comes to the Affordable Care Act

0:01:49.800 --> 0:01:52.760
<v Speaker 1>subsidies now scenting an OSCAR are some of the biggest

0:01:52.760 --> 0:01:57.080
<v Speaker 1>providers of coverage under ACA, also known as Obambacare. We

0:01:57.120 --> 0:01:59.800
<v Speaker 1>also had President Trump out in a series of truth

0:02:00.040 --> 0:02:02.800
<v Speaker 1>social posts saying that the hundreds of billions of dollars

0:02:03.120 --> 0:02:06.160
<v Speaker 1>and federal funding that goes to these health insurers under

0:02:06.200 --> 0:02:09.320
<v Speaker 1>ACA should be sent directly to the public instead. So

0:02:09.440 --> 0:02:12.000
<v Speaker 1>double whammy for these health insurance name the whole sector

0:02:12.040 --> 0:02:14.320
<v Speaker 1>really on a back foot, sent in an OSCAR being

0:02:14.320 --> 0:02:15.440
<v Speaker 1>the main losers.

0:02:15.480 --> 0:02:17.880
<v Speaker 3>And staying in the healthcare sector of sorts. Could it

0:02:17.960 --> 0:02:21.600
<v Speaker 3>be that the met Sarah saga is coming to an

0:02:21.720 --> 0:02:23.520
<v Speaker 3>end along with the government shutdown.

0:02:23.720 --> 0:02:26.200
<v Speaker 1>Yeah, it does seem like Pfizer has ended the bidding

0:02:26.240 --> 0:02:29.280
<v Speaker 1>war for a met Sarah that's the obesit startup that

0:02:29.400 --> 0:02:33.120
<v Speaker 1>was both eyed by Peiser and by Novo Nordis. We're

0:02:33.120 --> 0:02:35.160
<v Speaker 1>seeing some share price moves off the back of this,

0:02:35.320 --> 0:02:38.640
<v Speaker 1>mostly due to met Sarah down nearly fifteen percent in

0:02:38.720 --> 0:02:41.440
<v Speaker 1>the pre market. Maybe it seemed that the market had

0:02:41.480 --> 0:02:45.160
<v Speaker 1>priced in that Novo Nordisk would continue the bidding war,

0:02:45.280 --> 0:02:49.200
<v Speaker 1>maybe raised Met Sarah's valuation further, but they declined to

0:02:49.240 --> 0:02:51.520
<v Speaker 1>give any further offer over the weekend. So it does

0:02:51.520 --> 0:02:54.200
<v Speaker 1>seem like Pfizer has sealed the deal. In a deal

0:02:54.200 --> 0:02:56.799
<v Speaker 1>it could be worth up to ten billion dollars now.

0:02:56.880 --> 0:03:01.360
<v Speaker 1>Pfeiser and Nova Nordisk have been heavily eyeing this obesity

0:03:01.400 --> 0:03:04.440
<v Speaker 1>startup to aid their efforts in the drug space Pfizer's

0:03:04.520 --> 0:03:07.280
<v Speaker 1>own in house drug failings earlier this year, and then

0:03:07.320 --> 0:03:09.800
<v Speaker 1>Novo is also dealing with the loss of its patent

0:03:09.840 --> 0:03:12.720
<v Speaker 1>for ozepic. So perhaps the saga is over, But does

0:03:12.720 --> 0:03:15.839
<v Speaker 1>seem like Matsara is losing in today's trade, down fifteen percent.

0:03:15.760 --> 0:03:19.120
<v Speaker 3>And finally, Valerie looks like robin Hood Markets is making

0:03:19.160 --> 0:03:20.040
<v Speaker 3>some news this morning.

0:03:20.280 --> 0:03:23.160
<v Speaker 1>It is so Robinhood is up four percent now. Cryptolink

0:03:23.160 --> 0:03:26.400
<v Speaker 1>stocks are generally doing well. Bitcoin is rallied over the weekend,

0:03:26.520 --> 0:03:28.880
<v Speaker 1>up over two and a half percent since Friday. But

0:03:28.919 --> 0:03:31.440
<v Speaker 1>there's also a very interesting report out from the FT

0:03:31.800 --> 0:03:36.560
<v Speaker 1>that Robinhood plans to offer investors access to private AI

0:03:36.640 --> 0:03:40.880
<v Speaker 1>companies via a new fund managed by its subsidiary, Robinhood Ventures.

0:03:41.160 --> 0:03:44.000
<v Speaker 1>The CEO was saying to the FT, he is keen

0:03:44.080 --> 0:03:47.800
<v Speaker 1>to deliver exposure to private AI companies for its customers,

0:03:47.800 --> 0:03:50.200
<v Speaker 1>regardless of this bubble chat. He wants to do it

0:03:50.720 --> 0:03:53.720
<v Speaker 1>to keep relevant with their customer base. And we're seeing

0:03:53.720 --> 0:03:56.000
<v Speaker 1>the stock react positively this morning, up four percent for

0:03:56.120 --> 0:03:56.640
<v Speaker 1>robin Hood.

0:03:57.960 --> 0:04:02.000
<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

0:04:02.080 --> 0:04:04.640
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:04.720 --> 0:04:07.840
<v Speaker 2>making news on Wall Street and for the latest market

0:04:07.840 --> 0:04:12.320
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:12.400 --> 0:04:15.920
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:15.960 --> 0:04:17.440
<v Speaker 2>the Bloomberg Business app.