Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a
Speaker 3: comeback Monday, and one of the stocks in the midst
Speaker 3: of the comeback is the biggest of all. Valerie, good morning.
Speaker 1: Hey, good morning, Nathan. Happy Monday. Yes, Nvidia is leading
Speaker 1: the gains across the mag seven on this broad rebound,
Speaker 1: on these hopes of this government shutdown ending really taking
Speaker 1: a lot of the focus and the worries about this
Speaker 1: AI trade. I guess off the main path at the moment.
Speaker 1: Nvidia up three point two percent now. It did have
Speaker 1: its worst week last week since early April. It was
Speaker 1: down around seven percent on the week last week, so
Speaker 1: we're making up nearly half of the losses with this
Speaker 1: pre market move for Nvidiao. Overnight, we did have the
Speaker 1: CEO Jensen Kwang. He was in Taipei, his third visit
Speaker 1: to Taiwan in the last three months, meeting with TSMC
Speaker 1: asking for additional supply from TSMC, with the CEO saying
Speaker 1: he has asked them for more chip supplies to keep
Speaker 1: up with booming AI demands. So there's also a positive
Speaker 1: sentiment as well at the back of this on this rebound.
Speaker 3: Althoth though, I guess there is a one sector in
Speaker 3: particular that's seeing some negative sentiment around the government shutdown
Speaker 3: getting resolved.
Speaker 1: Yeah, that's the health insurance sector is really on a
Speaker 1: back foot. We have the likes of Senting down over
Speaker 1: eight percent, OSCAR health down eight and a half, and
Speaker 1: this comes after that Democrats are looking like they will
Speaker 1: concede in the shutdown fight without securing a win for
Speaker 1: healthcare payments. When it comes to the Affordable Care Act
Speaker 1: subsidies now scenting an OSCAR are some of the biggest
Speaker 1: providers of coverage under ACA, also known as Obambacare. We
Speaker 1: also had President Trump out in a series of truth
Speaker 1: social posts saying that the hundreds of billions of dollars
Speaker 1: and federal funding that goes to these health insurers under
Speaker 1: ACA should be sent directly to the public instead. So
Speaker 1: double whammy for these health insurance name the whole sector
Speaker 1: really on a back foot, sent in an OSCAR being
Speaker 1: the main losers.
Speaker 3: And staying in the healthcare sector of sorts. Could it
Speaker 3: be that the met Sarah saga is coming to an
Speaker 3: end along with the government shutdown.
Speaker 1: Yeah, it does seem like Pfizer has ended the bidding
Speaker 1: war for a met Sarah that's the obesit startup that
Speaker 1: was both eyed by Peiser and by Novo Nordis. We're
Speaker 1: seeing some share price moves off the back of this,
Speaker 1: mostly due to met Sarah down nearly fifteen percent in
Speaker 1: the pre market. Maybe it seemed that the market had
Speaker 1: priced in that Novo Nordisk would continue the bidding war,
Speaker 1: maybe raised Met Sarah's valuation further, but they declined to
Speaker 1: give any further offer over the weekend. So it does
Speaker 1: seem like Pfizer has sealed the deal. In a deal
Speaker 1: it could be worth up to ten billion dollars now.
Speaker 1: Pfeiser and Nova Nordisk have been heavily eyeing this obesity
Speaker 1: startup to aid their efforts in the drug space Pfizer's
Speaker 1: own in house drug failings earlier this year, and then
Speaker 1: Novo is also dealing with the loss of its patent
Speaker 1: for ozepic. So perhaps the saga is over, But does
Speaker 1: seem like Matsara is losing in today's trade, down fifteen percent.
Speaker 3: And finally, Valerie looks like robin Hood Markets is making
Speaker 3: some news this morning.
Speaker 1: It is so Robinhood is up four percent now. Cryptolink
Speaker 1: stocks are generally doing well. Bitcoin is rallied over the weekend,
Speaker 1: up over two and a half percent since Friday. But
Speaker 1: there's also a very interesting report out from the FT
Speaker 1: that Robinhood plans to offer investors access to private AI
Speaker 1: companies via a new fund managed by its subsidiary, Robinhood Ventures.
Speaker 1: The CEO was saying to the FT, he is keen
Speaker 1: to deliver exposure to private AI companies for its customers,
Speaker 1: regardless of this bubble chat. He wants to do it
Speaker 1: to keep relevant with their customer base. And we're seeing
Speaker 1: the stock react positively this morning, up four percent for
Speaker 1: robin Hood.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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