Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Now, let's see where the action is stock movers today.
Speaker 1: We can do that with Bloomberg's Christine, what are you
Speaker 1: looking at all? Right, Paul, Let's kick it off with
Speaker 1: some magnificent seven this Monday morning. So alphabet at chicker
Speaker 1: goog so currently shares not about a half a percent here,
Speaker 1: but is the parent company of Google. And apparently Google
Speaker 1: is planning to announce its new generation of custom design
Speaker 1: chips known as tensor processing units or TPUs at the
Speaker 1: Google Cloud Next conference in Las Vegas this week. So
Speaker 1: these new chips will apparently be dedicated to inference, which
Speaker 1: is which that means that they're going to be running
Speaker 1: AI models after these models have been trained. So separately,
Speaker 1: also we have the information reporting that Google has assembled
Speaker 1: a quote team of researchers and engineers to improve its
Speaker 1: AI coding models, supposedly in response partly to anthropics recent
Speaker 1: and model releases. So lots of stuff going on at Google,
Speaker 1: but not doing too much for it shares at the moment,
Speaker 1: since they're down a little. It takes a lot to
Speaker 1: move a company's stock like Google, Right, you need more
Speaker 1: than just you know, strike team.
Speaker 2: Let's stay with the AI them. What else do you have?
Speaker 1: Yeah, let's take a look at Adobe as wells car
Speaker 1: this morning. So that's doing quite well this morning. So
Speaker 1: take her adve and those shares are up more than
Speaker 1: two point eight percent right now.
Speaker 2: And this is.
Speaker 1: Because we did get Adobe saying that it will expand
Speaker 1: its agentic ecosystem across leading technology companies. It's partnering with
Speaker 1: companies including a WS Andthropic, Google Cloud, IBM, Microsoft and
Speaker 1: video open Ai, the whole suite of the hot speed
Speaker 1: of hyperscalers and while Street Journal also reporting on this
Speaker 1: move with the additional detail that it's AI agents could
Speaker 1: apparently help enterprise customers automate functions such as digital marketing.
Speaker 1: So this is quite a gamble for them, presumably because
Speaker 1: the stock has fallen thirty percent this year. They've definitely
Speaker 1: been caught up in the AI disruption narrative that has
Speaker 1: played a lot of software stocks. So we'll see if
Speaker 1: this new agentic ecosystem is the answer to its worries.
Speaker 2: All right, Lastly, we've got Compass Pathways.
Speaker 1: Compass Pathways, that's right, Paul, So Comp's Pathways. It is
Speaker 1: a PLC. It's a UK company, but it has ADRs.
Speaker 1: That ticker is CMPs. It is a pharmaceutical company and
Speaker 1: it develops the active substance science cybin for treatment of
Speaker 1: patients with depression, amongst other ailments. And it is roaring
Speaker 1: at the moment. Shares are up thirty nine percent, at
Speaker 1: least the ADRs are, and that is because President Trump
Speaker 1: sign an executive order to expedite research and access in psychedelics.
Speaker 1: So the new order will direct the FDA they're going
Speaker 1: to expedite review vouchers to psychedelics with a so called
Speaker 1: breakthrough designation. That means it shortens the review time to
Speaker 1: one to two months from six to ten months. So
Speaker 1: that's quite a lead there and potentially some potential breakthroughs
Speaker 1: for these companies.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
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