WEBVTT - Critical Metals Rally; Vertyx Biosciences Soars; Strategy Climbs

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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 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel, starting off

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<v Speaker 3>talking about Critical Metals. But this is a stock, not

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<v Speaker 3>a metal. Good morning gallery.

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<v Speaker 1>Yeah, it's right, this is a company. It is a

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<v Speaker 1>rare earth miner named Critical Metals in the headlines today,

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<v Speaker 1>up ten and a half percent after a twenty six

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<v Speaker 1>percent jump in yesterday's session, on a four day winning streak. Essentially,

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<v Speaker 1>this is all around what's going on with Greenland. The

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<v Speaker 1>miner's biggest project is a rare earth deposit in southern Greenland.

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<v Speaker 1>And as President Trump ratches it up this pressure discussing

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<v Speaker 1>this range of options for acquiring Greenland, excitement about the

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<v Speaker 1>stock continues. Perhaps the US would lean more on this

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<v Speaker 1>company in order to extract those rare ers from Greenland

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<v Speaker 1>they seem to desire so much.

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<v Speaker 3>And we got to talk as well about the biggest

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<v Speaker 3>mover in the pre market session this morning. Ventix Biosciences

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<v Speaker 3>must be a merger Wednesday.

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<v Speaker 1>Well, let's see if that comes to fruition. Ventex Biosciences

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<v Speaker 1>up sixty three percent in the pre market trade. Wall

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<v Speaker 1>Street Journal is reporting that Eli Lilly is in advanced

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<v Speaker 1>talks to acquire the company for more than one billion dollars,

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<v Speaker 1>which would be twice it's market cap now. Ventex specializes

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<v Speaker 1>in developing pills that can treat inflammatory diseases. It's one

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<v Speaker 1>of the hottest spaces in drug development this year. It

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<v Speaker 1>could treat diseases like Crohn's and rheumatory to arthritis. The

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<v Speaker 1>Wallster Journal is saying the deal could be announced imminently,

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<v Speaker 1>and with that one billion dollar price tag, it does

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<v Speaker 1>seem to be exciting. The stock this morning with Ventex

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<v Speaker 1>Bioscience is hired by sixty four percent.

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<v Speaker 3>Yeah, so we'll see if that does indeed come to fruition.

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<v Speaker 3>This is an interesting one valerie Strategy, the company formerly

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<v Speaker 3>known as micro Strategy, on the rise even though the

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<v Speaker 3>asset that it's focused on is on the decline.

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<v Speaker 2>This morning.

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<v Speaker 3>Christ to Big Bitcoin Depository, what's going on with Strategy

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<v Speaker 3>this morning?

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<v Speaker 1>This all has to do with the index inclusion fight.

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<v Speaker 1>So micro Strategy, also known as Strategy four point three

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<v Speaker 1>percent in the pre market trade. MSCI Indexes has shelved

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<v Speaker 1>for now a plan to eject crypto heavy firms like

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<v Speaker 1>Strategy from its major Indexes has decided to keep these

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<v Speaker 1>digital asset treasury companies in its stock market indexes for now,

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<v Speaker 1>but it has says that it had launched a broader

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<v Speaker 1>consultation on how these non operating companies should be treated,

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<v Speaker 1>which does signal that there could still be a potential

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<v Speaker 1>crackdown coming. But we know the index inclusion has been

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<v Speaker 1>really important for these crypto heavy firms. So we're seeing

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<v Speaker 1>micro Strategy rally this morning, maybe in relief that the

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<v Speaker 1>exclusion is not coming anytime soon.

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<v Speaker 3>And finally, chip heavy firs are kind of taking a breather,

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<v Speaker 3>but they've been on quite the run latelyve out.

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<v Speaker 1>Yeah, especially memory chips. We're one of the main gainers

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<v Speaker 1>in the equity market session yesterday, and we're seeing some

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<v Speaker 1>of that rally in these memory and data storage companies today.

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<v Speaker 1>So the likes of sand Disk that was up nearly

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<v Speaker 1>thirty percent in the session yesterday is down one point

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<v Speaker 1>three percent, though it still has rallied near fifty percent

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<v Speaker 1>so far this year. Isn't that crazy, Nathan, given the

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<v Speaker 1>stock rallied five hundred percent last year, one of the

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<v Speaker 1>best performing stocks in the S and P five hundred

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<v Speaker 1>But we are seeing a breather for the memory chip

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<v Speaker 1>industry and the storage industry. The next big kicker is Samsung,

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<v Speaker 1>due to report preliminary earnings tomorrow in the Asia session.

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<v Speaker 1>Will be hotly watched for as a guide on how

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<v Speaker 1>they're looking at how their profits could be guided next year,

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<v Speaker 1>given they're a key player in the memory space.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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