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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel, starting off
Speaker 3: talking about Critical Metals. But this is a stock, not
Speaker 3: a metal. Good morning gallery.
Speaker 1: Yeah, it's right, this is a company. It is a
Speaker 1: rare earth miner named Critical Metals in the headlines today,
Speaker 1: up ten and a half percent after a twenty six
Speaker 1: percent jump in yesterday's session, on a four day winning streak. Essentially,
Speaker 1: this is all around what's going on with Greenland. The
Speaker 1: miner's biggest project is a rare earth deposit in southern Greenland.
Speaker 1: And as President Trump ratches it up this pressure discussing
Speaker 1: this range of options for acquiring Greenland, excitement about the
Speaker 1: stock continues. Perhaps the US would lean more on this
Speaker 1: company in order to extract those rare ers from Greenland
Speaker 1: they seem to desire so much.
Speaker 3: And we got to talk as well about the biggest
Speaker 3: mover in the pre market session this morning. Ventix Biosciences
Speaker 3: must be a merger Wednesday.
Speaker 1: Well, let's see if that comes to fruition. Ventex Biosciences
Speaker 1: up sixty three percent in the pre market trade. Wall
Speaker 1: Street Journal is reporting that Eli Lilly is in advanced
Speaker 1: talks to acquire the company for more than one billion dollars,
Speaker 1: which would be twice it's market cap now. Ventex specializes
Speaker 1: in developing pills that can treat inflammatory diseases. It's one
Speaker 1: of the hottest spaces in drug development this year. It
Speaker 1: could treat diseases like Crohn's and rheumatory to arthritis. The
Speaker 1: Wallster Journal is saying the deal could be announced imminently,
Speaker 1: and with that one billion dollar price tag, it does
Speaker 1: seem to be exciting. The stock this morning with Ventex
Speaker 1: Bioscience is hired by sixty four percent.
Speaker 3: Yeah, so we'll see if that does indeed come to fruition.
Speaker 3: This is an interesting one valerie Strategy, the company formerly
Speaker 3: known as micro Strategy, on the rise even though the
Speaker 3: asset that it's focused on is on the decline.
Speaker 2: This morning.
Speaker 3: Christ to Big Bitcoin Depository, what's going on with Strategy
Speaker 3: this morning?
Speaker 1: This all has to do with the index inclusion fight.
Speaker 1: So micro Strategy, also known as Strategy four point three
Speaker 1: percent in the pre market trade. MSCI Indexes has shelved
Speaker 1: for now a plan to eject crypto heavy firms like
Speaker 1: Strategy from its major Indexes has decided to keep these
Speaker 1: digital asset treasury companies in its stock market indexes for now,
Speaker 1: but it has says that it had launched a broader
Speaker 1: consultation on how these non operating companies should be treated,
Speaker 1: which does signal that there could still be a potential
Speaker 1: crackdown coming. But we know the index inclusion has been
Speaker 1: really important for these crypto heavy firms. So we're seeing
Speaker 1: micro Strategy rally this morning, maybe in relief that the
Speaker 1: exclusion is not coming anytime soon.
Speaker 3: And finally, chip heavy firs are kind of taking a breather,
Speaker 3: but they've been on quite the run latelyve out.
Speaker 1: Yeah, especially memory chips. We're one of the main gainers
Speaker 1: in the equity market session yesterday, and we're seeing some
Speaker 1: of that rally in these memory and data storage companies today.
Speaker 1: So the likes of sand Disk that was up nearly
Speaker 1: thirty percent in the session yesterday is down one point
Speaker 1: three percent, though it still has rallied near fifty percent
Speaker 1: so far this year. Isn't that crazy, Nathan, given the
Speaker 1: stock rallied five hundred percent last year, one of the
Speaker 1: best performing stocks in the S and P five hundred
Speaker 1: But we are seeing a breather for the memory chip
Speaker 1: industry and the storage industry. The next big kicker is Samsung,
Speaker 1: due to report preliminary earnings tomorrow in the Asia session.
Speaker 1: Will be hotly watched for as a guide on how
Speaker 1: they're looking at how their profits could be guided next year,
Speaker 1: given they're a key player in the memory space.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest found up of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
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