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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The stock Movers podcast,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Stock Movers it's a podcast usually popular for us. Thank you.

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Speaker 2: There's a number of them per day. Lisa Mateo does

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Speaker 2: absolute best stock movers of anyone out on YouTube, podcasts,

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Speaker 2: Apple podcasts, Spotify and the rest. Lisa, what do you

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Speaker 2: have on stock movers?

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Speaker 3: Okay, I'm starting with EchoStar ticker SATs. Their shares have

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Speaker 3: been up as much as forty seven percent, so really

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Speaker 3: on the move. As you know, they owned the Dish

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Speaker 3: network pay TV business. But earlier this month there was

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Speaker 3: that story, right they were getting ready to file for

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Speaker 3: potential bankruptcy filing facing an FCC review of its spectrum licenses,

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Speaker 3: a bankruptcy filing that actually offered them some protection from

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Speaker 3: regulatory actions. But now you have the Wall Street Journal

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Speaker 3: reporting that President Trump is urging the company the chairman

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Speaker 3: of the FCC to kind of resolve that dispute over

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Speaker 3: their spectrum licenses.

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Speaker 2: So this is it.

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Speaker 4: This is Charlie Ergan, help us, Paul.

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Speaker 2: This has been a train wreck for longer than trains

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Speaker 2: have been in.

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Speaker 4: Power ten fifteen years ago. He said the DirecTV. But

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Speaker 4: he recognized that the DirecTV and Dish businesses were going down,

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Speaker 4: so he said, let me pivot my company Dish. So

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Speaker 4: he went out and bought wireless spectrum. So when you

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Speaker 4: buy wireless spectrum, and he spent you know, thirty billion

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Speaker 4: dollars to do it, you got to build a network.

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Speaker 4: And he hasn't built a network. And now the government's saying,

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Speaker 4: either build a network or give our spectrum back to us.

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Speaker 4: He's got thirty billion of debt, got about billion and

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Speaker 4: a half of EBATAH, terrible credit situation. He's got to

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Speaker 4: do something. But now he's presumably he went to the

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Speaker 4: president and got the president and kind of said to

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Speaker 4: the FCC, give us a little.

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Speaker 2: Bit of a break here, we'll do something Dish next.

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Speaker 2: What are you go?

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Speaker 3: Okay? Yes, US Steel and nip On Steel their shares

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Speaker 3: are both higher. As you know. Nip On Steel they

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Speaker 3: won that conditional US approval. They had that fourteen point

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Speaker 3: one billion dollar purchase of US Steel, So it's really

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Speaker 3: setting the stage for the deal to close this week.

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Speaker 3: We shall see, but you have US Steel take her

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Speaker 3: ex up five percent nip On Steel, they rose as

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Speaker 3: much as five percent, that was the most, and over

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Speaker 3: two weeks it's kind of paired down. It's about about

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Speaker 3: up about one and a half percent now. But it

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Speaker 3: comes big concessions for the US government, including that golden share.

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Speaker 3: It gives you know, Washington a major saying decisions control

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Speaker 3: over some board seats too, and nip On Steel shareholders

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Speaker 3: are now going to kind of weigh those benefits of

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Speaker 3: the acquisition.

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Speaker 2: Well, what's going what's the backstory?

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Speaker 4: What's that?

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Speaker 2: What's the backstory? Everybody needs votes in western Pennsylvania? Right,

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Speaker 2: is it just that simple?

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Speaker 1: Yeah?

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Speaker 4: But I mean we.

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Speaker 2: Can't win on Ohio unless we take Youngstown, Right, that simple?

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Speaker 4: Gary and Nana so money US Steel back in the.

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Speaker 3: News, Yeah they are. They are also who's in the

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Speaker 3: news too?

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Speaker 1: It so you can tell this.

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Speaker 2: Stock movers isn't normal because she wrote this on a

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Speaker 2: grand standard a softball game Sunday with frozen figures.

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Speaker 3: A hand shares a roach there down in Switzerland too,

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Speaker 3: it pausius to this treatment. It was for muscular dystrophe

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Speaker 3: after two fatal liver failures. But the real store behind

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Speaker 3: it is the partner for that gene therapy errupt A

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Speaker 3: therapeut because they're down forty one percent, so that's the

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Speaker 3: real stock over this morning, so not in the right direction,

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Speaker 3: down forty one percent. And finally, I just want to

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Speaker 3: get to Victoria's Secret before we go take a vs COO.

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Speaker 3: Their shares up three percent, so it's actually being targeted

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Speaker 3: by another activist investor who's looking to shake up the business.

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Speaker 3: Barrington Capital Group has apparently built a stake in the company.

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Speaker 3: They want to make changes to the board, the strategy.

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Speaker 3: I mean, you look at Victoria's Secret, but it's under

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Speaker 3: a lot of pressure. They have competition from companies like

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Speaker 3: Skims who were kind of inching in on their territory.

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Speaker 3: You had one of their largest investors, BBRC International, they

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Speaker 3: caught for call for a board overhaul. They have a

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Speaker 3: new CEO. They're trying to get a younger audience and

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Speaker 3: that's something they're trying to do too. And then you

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Speaker 3: remember that security incident they had right it took its

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Speaker 3: e commerce operation offline for like three days. So they've

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Speaker 3: been going through a lot. The stock is on declined

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Speaker 3: about fifty six percent this year through Friday, so it's

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Speaker 3: leaving it with the market value about one point four

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Speaker 3: five billion dollars, but it's been taking a lot of hits,

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Speaker 3: and now this one is starting to bring those years

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Speaker 3: up a little bit higher, up three percent.

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Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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