WEBVTT - Alphabet Drops, Adobe Gains, Compass Pathways Rises on Trump's Order Ease FDA Restrictions on Psychedelics 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Now, let's see where the action is stock movers today.

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<v Speaker 1>We can do that with Bloomberg's Christine, what are you

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<v Speaker 1>looking at all? Right, Paul, Let's kick it off with

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<v Speaker 1>some magnificent seven this Monday morning. So alphabet at chicker

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<v Speaker 1>goog so currently shares not about a half a percent here,

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<v Speaker 1>but is the parent company of Google. And apparently Google

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<v Speaker 1>is planning to announce its new generation of custom design

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<v Speaker 1>chips known as tensor processing units or TPUs at the

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<v Speaker 1>Google Cloud Next conference in Las Vegas this week. So

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<v Speaker 1>these new chips will apparently be dedicated to inference, which

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<v Speaker 1>is which that means that they're going to be running

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<v Speaker 1>AI models after these models have been trained. So separately,

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<v Speaker 1>also we have the information reporting that Google has assembled

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<v Speaker 1>a quote team of researchers and engineers to improve its

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<v Speaker 1>AI coding models, supposedly in response partly to anthropics recent

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<v Speaker 1>and model releases. So lots of stuff going on at Google,

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<v Speaker 1>but not doing too much for it shares at the moment,

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<v Speaker 1>since they're down a little. It takes a lot to

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<v Speaker 1>move a company's stock like Google, Right, you need more

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<v Speaker 1>than just you know, strike team.

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<v Speaker 2>Let's stay with the AI them. What else do you have?

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<v Speaker 1>Yeah, let's take a look at Adobe as wells car

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<v Speaker 1>this morning. So that's doing quite well this morning. So

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<v Speaker 1>take her adve and those shares are up more than

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<v Speaker 1>two point eight percent right now.

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<v Speaker 2>And this is.

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<v Speaker 1>Because we did get Adobe saying that it will expand

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<v Speaker 1>its agentic ecosystem across leading technology companies. It's partnering with

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<v Speaker 1>companies including a WS Andthropic, Google Cloud, IBM, Microsoft and

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<v Speaker 1>video open Ai, the whole suite of the hot speed

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<v Speaker 1>of hyperscalers and while Street Journal also reporting on this

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<v Speaker 1>move with the additional detail that it's AI agents could

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<v Speaker 1>apparently help enterprise customers automate functions such as digital marketing.

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<v Speaker 1>So this is quite a gamble for them, presumably because

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<v Speaker 1>the stock has fallen thirty percent this year. They've definitely

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<v Speaker 1>been caught up in the AI disruption narrative that has

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<v Speaker 1>played a lot of software stocks. So we'll see if

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<v Speaker 1>this new agentic ecosystem is the answer to its worries.

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<v Speaker 2>All right, Lastly, we've got Compass Pathways.

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<v Speaker 1>Compass Pathways, that's right, Paul, So Comp's Pathways. It is

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<v Speaker 1>a PLC. It's a UK company, but it has ADRs.

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<v Speaker 1>That ticker is CMPs. It is a pharmaceutical company and

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<v Speaker 1>it develops the active substance science cybin for treatment of

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<v Speaker 1>patients with depression, amongst other ailments. And it is roaring

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<v Speaker 1>at the moment. Shares are up thirty nine percent, at

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<v Speaker 1>least the ADRs are, and that is because President Trump

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<v Speaker 1>sign an executive order to expedite research and access in psychedelics.

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<v Speaker 1>So the new order will direct the FDA they're going

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<v Speaker 1>to expedite review vouchers to psychedelics with a so called

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<v Speaker 1>breakthrough designation. That means it shortens the review time to

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<v Speaker 1>one to two months from six to ten months. So

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<v Speaker 1>that's quite a lead there and potentially some potential breakthroughs

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<v Speaker 1>for these companies.

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