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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Paul Cringing in Time, keen of Monday, first business day

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Speaker 1: of June, staggering into a busy economic week. Right now

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Speaker 1: the Stock Movers. Some of the stocks on the move

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Speaker 1: today with US is Bloomberg's Lisa Matteo, Lisa, what do

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Speaker 1: you have?

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Speaker 3: Okay? Well, start with was rallying this morning, and that's

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Speaker 3: really US deal and aluminum stocks. And this came after

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Speaker 3: President Trump said he's going to be increasing tariffs on

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Speaker 3: steel and aluminum to fifty percent from twenty five percent.

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Speaker 3: He said the new rates would become effective on Wednesday,

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Speaker 3: and that he made that announcement over at US steal.

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Speaker 3: So we look at US Steel ticker X. Their shares

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Speaker 3: are down about half a percent, But then you go

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Speaker 3: to Cleveland Cliffs their ticker CLF up twenty five percent.

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Speaker 3: And then you go down the line and you kind

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Speaker 3: of take a look at some of these other companies

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Speaker 3: like Century Aluminum their ticker c X, they're up sixteen percent.

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Speaker 3: To go to New Core their ticker n UE up

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Speaker 3: thirteen percent, and they actually received an upgrade from BMO

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Speaker 3: Capital Markets too on top of that, so that's giving

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Speaker 3: them a little bit of boost. But yeah, you as

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Speaker 3: steel aluminum stocks really rallying this morning. What's also higher

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Speaker 3: is BYD their share what's not rallying, it's BYD Their

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Speaker 3: shares are down two percent in Hong Kong. So it's

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Speaker 3: bringing losses over the past week to more than seventeen percent.

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Speaker 3: The reason why they're lower it's getting a lot of

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Speaker 3: backlash from its price cuts. It's been making a lot

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Speaker 3: of price cuts. How it's affecting the ev price war.

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Speaker 3: The Chinese government, they say, you know what, it could

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Speaker 3: hurt profit margins, product quality, despital that you have bid

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Speaker 3: price cuts. It really helped them boost sales. I mean

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Speaker 3: it had the best month yet for twenty twenty five.

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Speaker 3: It is it is working for May. And then you

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Speaker 3: think about it too, it's battery passenger electric vehicle sales.

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Speaker 3: They tip the plug in hybrid sales too.

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Speaker 1: Yeah, so you said the questions, have you been in one?

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Speaker 1: No is an miller.

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Speaker 2: He probably has. I mean, as I read about this BIDE,

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Speaker 2: it just feels like outside of the US it seems

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Speaker 2: like BYD is going to just take over the EV

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Speaker 2: market globally outside of the US.

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Speaker 3: The price point, I mean, and they say the.

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Speaker 1: Quality is really there, so I don't know.

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Speaker 3: Yeah, and it's actually the discounting. It's helping other automakers

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Speaker 3: kind of boost their sales too. But China's just not happy.

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Speaker 3: I mean, they're saying it's going to hurt that reputation

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Speaker 3: for made in China and it's going to degrade that a.

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Speaker 1: Bit to be with XOP and the others, to be distinctively,

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Speaker 1: your folks, China came out overnight like I'm thinking nine

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Speaker 1: pm maybe midnight our time, and re tersely when after

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Speaker 1: the president it was two terse paragraphs. So we'll see. Yeah.

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Speaker 3: Now, well, so the healthcare space is the last one

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Speaker 3: I want to head upon. Yes, Bristol Meyers Square, they're

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Speaker 3: going to pay byon Tach up to eleven point one

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Speaker 3: billion dollars to license this next generation cancer drug. So

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Speaker 3: you had Byon Tech their ticker BNTX up about thirteen percent,

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Speaker 3: Brissel Meyers squib their ticker BMY up about one percent.

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Speaker 3: But what it includes, it's about one and a half

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Speaker 3: billion upfront payment two billion of installments for twenty twenty

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Speaker 3: eight up to seven and a half billion, and milestone payments,

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Speaker 3: and they're going to be splitting those development manufacturing costs

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Speaker 3: profits equally. But it's just part of this bigger trend

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Speaker 3: that we're seeing in pharmaceutical companies that are investing in,

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Speaker 3: you know, oncology treatments. I mean, Merk's key Trude is

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Speaker 3: a prime example of that. I mean, they have been

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Speaker 3: doing phenomenal with that drug and global sales they're really

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Speaker 3: expected to start booming, reaching about sixty billion a year

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Speaker 3: in this particular market by twenty twenty seven.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout today for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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