1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,880 --> 00:00:19,360 Speaker 1: I'm Carol Masser along with Tim Stanewick. Let's get to 5 00:00:19,440 --> 00:00:21,240 Speaker 1: some stocks on the move with us as the managing 6 00:00:21,360 --> 00:00:24,160 Speaker 1: editor for Bloomberg Markets Live Blog. Christine Naquino back with 7 00:00:24,239 --> 00:00:26,960 Speaker 1: us and looking at some names on the move. Where 8 00:00:26,960 --> 00:00:28,280 Speaker 1: do you want to start, Jeffrey, Let's start. 9 00:00:28,360 --> 00:00:30,520 Speaker 3: Yeah, let's start with Jeffrey's CAW because we did just 10 00:00:30,560 --> 00:00:32,559 Speaker 3: get their results a bit of a mixed bag, so 11 00:00:32,800 --> 00:00:35,400 Speaker 3: the top line quite disappointing, and so we're seeing the 12 00:00:35,440 --> 00:00:38,239 Speaker 3: clients actually in Jeffrey's shares after hours, so it took her, 13 00:00:38,320 --> 00:00:41,440 Speaker 3: jef Those shares are down just over one percent at 14 00:00:41,440 --> 00:00:43,720 Speaker 3: the moment, and really the headline was that EPs miss 15 00:00:43,800 --> 00:00:46,959 Speaker 3: right eighty five cents versus ninety three cents year a year, 16 00:00:46,960 --> 00:00:49,760 Speaker 3: and the estimate was for eighty eight cents. But then 17 00:00:49,760 --> 00:00:51,720 Speaker 3: when you look at their net revenue that is a 18 00:00:51,800 --> 00:00:53,880 Speaker 3: more than five percent year and year at two point 19 00:00:54,080 --> 00:00:57,760 Speaker 3: oh seven billion dollars and slightly hired on the estimates. 20 00:00:57,800 --> 00:01:01,480 Speaker 3: But then Asset Management DOWNFA forty one percent year in year, 21 00:01:01,680 --> 00:01:05,360 Speaker 3: so cocking in one hundred and eighty seven million dollars. 22 00:01:05,480 --> 00:01:09,360 Speaker 3: But in capital markets investment banking up fifteen percent one 23 00:01:09,360 --> 00:01:12,360 Speaker 3: point eighty eight billion, So really across the board results 24 00:01:12,360 --> 00:01:15,080 Speaker 3: here for Jeffries. But the stock I think is going 25 00:01:15,080 --> 00:01:16,360 Speaker 3: with that EPs. 26 00:01:15,959 --> 00:01:18,200 Speaker 1: Miss and that autoparts supplier, right, they did take a 27 00:01:18,280 --> 00:01:21,360 Speaker 1: hit on that, that absolutely dropping quarterly profit. That thirty 28 00:01:21,360 --> 00:01:23,640 Speaker 1: million dollars pre tax loss tied to the collapse of 29 00:01:23,720 --> 00:01:26,319 Speaker 1: the autoparts supplier First Brands Group. So it's something we 30 00:01:26,360 --> 00:01:28,480 Speaker 1: talked about a lot in twenty twenty five, so interesting 31 00:01:29,240 --> 00:01:31,640 Speaker 1: to see that impact. Where shall we go next, Let's 32 00:01:31,400 --> 00:01:33,000 Speaker 1: heart AVV. 33 00:01:33,200 --> 00:01:36,200 Speaker 3: Let's go to AVVY. We love pharma m and a 34 00:01:36,480 --> 00:01:40,200 Speaker 3: news of course, though this one supposedly apparently may not 35 00:01:40,280 --> 00:01:43,840 Speaker 3: be happening, So av shares ticker a BBV, so those 36 00:01:43,840 --> 00:01:46,280 Speaker 3: are down just zero point eight percent eight ten one 37 00:01:46,319 --> 00:01:49,880 Speaker 3: percent after hours. So the latest news here is that 38 00:01:50,240 --> 00:01:53,480 Speaker 3: apparently the company is saying that it's not in talks 39 00:01:53,520 --> 00:01:56,960 Speaker 3: to acquire cancer drug maker Revolution Medicines, because earlier we 40 00:01:57,000 --> 00:01:59,240 Speaker 3: did get a report from the Wall Street Journal saying 41 00:01:59,280 --> 00:02:02,680 Speaker 3: that they could be in advanced talks to purchase Revolution. 42 00:02:02,960 --> 00:02:05,640 Speaker 3: That would have been a deal worth twenty billion dollars and. 43 00:02:05,760 --> 00:02:08,639 Speaker 1: You know start, yeah, exactly, yeah, and. 44 00:02:08,639 --> 00:02:12,320 Speaker 3: So very interesting now that we're getting this response from 45 00:02:12,520 --> 00:02:15,639 Speaker 3: AVI clarifying that they're not in talks at the moment, 46 00:02:15,760 --> 00:02:18,720 Speaker 3: but yeah, the acquisition would have given them a foothold 47 00:02:18,720 --> 00:02:23,120 Speaker 3: in pancreatic cancer market that's expected to expand tenfold to 48 00:02:23,200 --> 00:02:26,160 Speaker 3: more than three billion dollars by twenty thirty five according 49 00:02:26,200 --> 00:02:30,680 Speaker 3: to bloomber Intelligence. And Revolution has drug that is leading 50 00:02:30,720 --> 00:02:33,680 Speaker 3: that sector. So that was what was at stake in 51 00:02:33,800 --> 00:02:36,200 Speaker 3: those potential talks, but as a moment not happening. 52 00:02:36,400 --> 00:02:38,760 Speaker 2: Just very briefly twenty seconds on Raytheon. 53 00:02:38,680 --> 00:02:41,760 Speaker 3: Raytheon, well, the parent company OURTX. Those shares are up 54 00:02:41,919 --> 00:02:44,880 Speaker 3: more than three percent now, but whip sawing after President Trump, 55 00:02:44,880 --> 00:02:47,400 Speaker 3: of course saying on truth Solihow that Raytheon has been 56 00:02:47,400 --> 00:02:49,200 Speaker 3: the least responsive to the needs of the Department of 57 00:02:49,240 --> 00:02:52,760 Speaker 3: the Defense and threatening to cut ties with a defense contractor. 58 00:02:52,960 --> 00:02:55,600 Speaker 3: Earlier declines though, but now seems to be recovering after 59 00:02:55,639 --> 00:02:59,400 Speaker 3: our stim. 60 00:02:57,800 --> 00:03:01,840 Speaker 2: This stock mover's report from Bloemurg Radio. Check back with 61 00:03:01,919 --> 00:03:04,480 Speaker 2: us throughout the day for the latest roundup of companies 62 00:03:04,560 --> 00:03:07,639 Speaker 2: making news on Wall Street and for the latest market 63 00:03:07,680 --> 00:03:12,160 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 64 00:03:12,240 --> 00:03:15,720 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 65 00:03:15,800 --> 00:03:17,280 Speaker 2: the Bloomberg Business app.