1 00:00:02,520 --> 00:00:07,000 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 00:00:16,400 --> 00:00:18,200 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,239 --> 00:00:21,960 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel, starting off 6 00:00:21,960 --> 00:00:25,560 Speaker 3: talking about Critical Metals. But this is a stock, not 7 00:00:25,920 --> 00:00:27,600 Speaker 3: a metal. Good morning gallery. 8 00:00:27,880 --> 00:00:29,840 Speaker 1: Yeah, it's right, this is a company. It is a 9 00:00:29,960 --> 00:00:33,040 Speaker 1: rare earth miner named Critical Metals in the headlines today, 10 00:00:33,159 --> 00:00:35,760 Speaker 1: up ten and a half percent after a twenty six 11 00:00:35,800 --> 00:00:41,040 Speaker 1: percent jump in yesterday's session, on a four day winning streak. Essentially, 12 00:00:41,080 --> 00:00:43,879 Speaker 1: this is all around what's going on with Greenland. The 13 00:00:43,920 --> 00:00:48,560 Speaker 1: miner's biggest project is a rare earth deposit in southern Greenland. 14 00:00:49,080 --> 00:00:53,000 Speaker 1: And as President Trump ratches it up this pressure discussing 15 00:00:53,040 --> 00:00:56,120 Speaker 1: this range of options for acquiring Greenland, excitement about the 16 00:00:56,160 --> 00:00:59,840 Speaker 1: stock continues. Perhaps the US would lean more on this 17 00:01:00,040 --> 00:01:02,520 Speaker 1: company in order to extract those rare ers from Greenland 18 00:01:02,600 --> 00:01:03,920 Speaker 1: they seem to desire so much. 19 00:01:04,800 --> 00:01:07,480 Speaker 3: And we got to talk as well about the biggest 20 00:01:07,600 --> 00:01:11,839 Speaker 3: mover in the pre market session this morning. Ventix Biosciences 21 00:01:11,920 --> 00:01:13,760 Speaker 3: must be a merger Wednesday. 22 00:01:14,680 --> 00:01:17,880 Speaker 1: Well, let's see if that comes to fruition. Ventex Biosciences 23 00:01:18,200 --> 00:01:21,960 Speaker 1: up sixty three percent in the pre market trade. Wall 24 00:01:22,000 --> 00:01:25,080 Speaker 1: Street Journal is reporting that Eli Lilly is in advanced 25 00:01:25,160 --> 00:01:28,800 Speaker 1: talks to acquire the company for more than one billion dollars, 26 00:01:28,840 --> 00:01:33,319 Speaker 1: which would be twice it's market cap now. Ventex specializes 27 00:01:33,440 --> 00:01:37,200 Speaker 1: in developing pills that can treat inflammatory diseases. It's one 28 00:01:37,200 --> 00:01:39,959 Speaker 1: of the hottest spaces in drug development this year. It 29 00:01:39,959 --> 00:01:43,680 Speaker 1: could treat diseases like Crohn's and rheumatory to arthritis. The 30 00:01:43,720 --> 00:01:46,600 Speaker 1: Wallster Journal is saying the deal could be announced imminently, 31 00:01:46,640 --> 00:01:48,680 Speaker 1: and with that one billion dollar price tag, it does 32 00:01:48,720 --> 00:01:51,400 Speaker 1: seem to be exciting. The stock this morning with Ventex 33 00:01:51,400 --> 00:01:53,920 Speaker 1: Bioscience is hired by sixty four percent. 34 00:01:54,200 --> 00:01:56,320 Speaker 3: Yeah, so we'll see if that does indeed come to fruition. 35 00:01:56,480 --> 00:01:59,680 Speaker 3: This is an interesting one valerie Strategy, the company formerly 36 00:01:59,680 --> 00:02:02,880 Speaker 3: known as micro Strategy, on the rise even though the 37 00:02:03,440 --> 00:02:06,200 Speaker 3: asset that it's focused on is on the decline. 38 00:02:06,200 --> 00:02:06,600 Speaker 2: This morning. 39 00:02:06,680 --> 00:02:11,240 Speaker 3: Christ to Big Bitcoin Depository, what's going on with Strategy 40 00:02:11,240 --> 00:02:11,760 Speaker 3: this morning? 41 00:02:11,880 --> 00:02:14,560 Speaker 1: This all has to do with the index inclusion fight. 42 00:02:14,680 --> 00:02:18,200 Speaker 1: So micro Strategy, also known as Strategy four point three 43 00:02:18,280 --> 00:02:22,880 Speaker 1: percent in the pre market trade. MSCI Indexes has shelved 44 00:02:22,880 --> 00:02:27,000 Speaker 1: for now a plan to eject crypto heavy firms like 45 00:02:27,080 --> 00:02:30,480 Speaker 1: Strategy from its major Indexes has decided to keep these 46 00:02:30,520 --> 00:02:34,919 Speaker 1: digital asset treasury companies in its stock market indexes for now, 47 00:02:35,080 --> 00:02:38,200 Speaker 1: but it has says that it had launched a broader 48 00:02:38,280 --> 00:02:42,280 Speaker 1: consultation on how these non operating companies should be treated, 49 00:02:42,320 --> 00:02:45,280 Speaker 1: which does signal that there could still be a potential 50 00:02:45,320 --> 00:02:49,000 Speaker 1: crackdown coming. But we know the index inclusion has been 51 00:02:49,040 --> 00:02:52,440 Speaker 1: really important for these crypto heavy firms. So we're seeing 52 00:02:52,480 --> 00:02:56,200 Speaker 1: micro Strategy rally this morning, maybe in relief that the 53 00:02:56,280 --> 00:02:58,280 Speaker 1: exclusion is not coming anytime soon. 54 00:02:58,520 --> 00:03:01,480 Speaker 3: And finally, chip heavy firs are kind of taking a breather, 55 00:03:01,560 --> 00:03:04,440 Speaker 3: but they've been on quite the run latelyve out. 56 00:03:04,440 --> 00:03:07,400 Speaker 1: Yeah, especially memory chips. We're one of the main gainers 57 00:03:07,639 --> 00:03:10,280 Speaker 1: in the equity market session yesterday, and we're seeing some 58 00:03:10,320 --> 00:03:14,360 Speaker 1: of that rally in these memory and data storage companies today. 59 00:03:14,440 --> 00:03:17,240 Speaker 1: So the likes of sand Disk that was up nearly 60 00:03:17,320 --> 00:03:20,000 Speaker 1: thirty percent in the session yesterday is down one point 61 00:03:20,000 --> 00:03:23,239 Speaker 1: three percent, though it still has rallied near fifty percent 62 00:03:23,320 --> 00:03:25,560 Speaker 1: so far this year. Isn't that crazy, Nathan, given the 63 00:03:25,560 --> 00:03:29,360 Speaker 1: stock rallied five hundred percent last year, one of the 64 00:03:29,360 --> 00:03:32,720 Speaker 1: best performing stocks in the S and P five hundred 65 00:03:32,760 --> 00:03:35,200 Speaker 1: But we are seeing a breather for the memory chip 66 00:03:35,240 --> 00:03:39,200 Speaker 1: industry and the storage industry. The next big kicker is Samsung, 67 00:03:39,320 --> 00:03:42,320 Speaker 1: due to report preliminary earnings tomorrow in the Asia session. 68 00:03:42,360 --> 00:03:46,640 Speaker 1: Will be hotly watched for as a guide on how 69 00:03:46,680 --> 00:03:51,200 Speaker 1: they're looking at how their profits could be guided next year, 70 00:03:51,240 --> 00:03:53,080 Speaker 1: given they're a key player in the memory space. 71 00:03:54,320 --> 00:03:58,320 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 72 00:03:58,400 --> 00:04:00,480 Speaker 2: us throughout the day for the latest found up of 73 00:04:00,520 --> 00:04:03,800 Speaker 2: companies making news on Wall Street and for the latest 74 00:04:03,840 --> 00:04:08,040 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 75 00:04:08,080 --> 00:04:11,800 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 76 00:04:11,840 --> 00:04:13,800 Speaker 2: Auto with the Bloomberg Business app.