1 00:00:02,560 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,600 --> 00:00:12,480 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,520 --> 00:00:15,920 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,800 --> 00:00:18,880 Speaker 1: We'll take a look at some of the stocks on 5 00:00:18,920 --> 00:00:21,560 Speaker 1: the move today and Paul Sweeney alongside Isabelle Lee and 6 00:00:21,600 --> 00:00:24,000 Speaker 1: we're joined by Bloomberg Dena. It's a Coviddnita. 7 00:00:24,000 --> 00:00:25,280 Speaker 2: What are you looking at today in the market. 8 00:00:25,400 --> 00:00:27,880 Speaker 1: Let's start with one of the big gainers. Serrepta is 9 00:00:27,880 --> 00:00:30,280 Speaker 1: seeing a big spike today. Of course, this comes after 10 00:00:30,480 --> 00:00:33,959 Speaker 1: US regulators reverse course and recommended that patient who can 11 00:00:34,000 --> 00:00:38,680 Speaker 1: walk will be allowed the gene therapy. Elevedus Surreptor shares 12 00:00:38,720 --> 00:00:43,200 Speaker 1: are up about twenty five percent the ticker CRPT. The 13 00:00:43,320 --> 00:00:46,640 Speaker 1: ten days ago they they requested the company to poso shipments. 14 00:00:46,680 --> 00:00:49,000 Speaker 1: Of course, there were three deaths that were linked to 15 00:00:49,040 --> 00:00:52,880 Speaker 1: the gene therapy. The company initially refused then post the shipments. 16 00:00:53,080 --> 00:00:55,680 Speaker 1: This caused a massive sell off in the stock. The 17 00:00:55,840 --> 00:01:00,000 Speaker 1: FDA move today comes after pressure from patient out because 18 00:01:00,120 --> 00:01:04,440 Speaker 1: groups who argued that families deserve the treatment. That's it, 19 00:01:04,840 --> 00:01:08,399 Speaker 1: This is not necessary green light going forward. RBC Capital 20 00:01:08,480 --> 00:01:12,080 Speaker 1: Market says the move takes the edge of solvency, but 21 00:01:12,240 --> 00:01:14,800 Speaker 1: won't eliminate the challenges for the company. And if you 22 00:01:14,840 --> 00:01:17,280 Speaker 1: look at the stock price, that's clearly reflected. The stock 23 00:01:17,360 --> 00:01:20,400 Speaker 1: price is down more than eighty percent iEAR to date. 24 00:01:20,800 --> 00:01:23,360 Speaker 2: What about UPS, that's also seeing in the right. I 25 00:01:23,400 --> 00:01:25,639 Speaker 2: think shares are down almost ten percent. 26 00:01:26,120 --> 00:01:30,080 Speaker 1: Yes, your to date the company is down twenty four percent. Today, 27 00:01:30,160 --> 00:01:33,920 Speaker 1: another difficult day. The parts of carrier decline to provide 28 00:01:33,959 --> 00:01:37,360 Speaker 1: full year revenue or operating profit guidance, and it's coming 29 00:01:37,440 --> 00:01:41,480 Speaker 1: off macroeconomic uncertainty. The tickery is, of course, UPS is 30 00:01:41,640 --> 00:01:46,760 Speaker 1: underscourse challenges for the courier's effort to reconfigure its network. 31 00:01:46,800 --> 00:01:49,560 Speaker 1: We know it's been reducing headcounts, it's been kind of 32 00:01:49,800 --> 00:01:54,240 Speaker 1: moving towards small volumes, closing, concilidating futilities and all of 33 00:01:54,320 --> 00:01:58,480 Speaker 1: that so far is not really working. There is, of course, 34 00:01:58,520 --> 00:02:01,560 Speaker 1: consumer pleasure. That's one thing. The CEO pointed, said that 35 00:02:01,600 --> 00:02:05,200 Speaker 1: consumers are trading down in the face of tariffs. They're 36 00:02:05,240 --> 00:02:08,240 Speaker 1: also strigging to re capture that big volume they had 37 00:02:08,280 --> 00:02:11,639 Speaker 1: during the pandemic. Obviously everyone was home, everyone was shopping. 38 00:02:11,919 --> 00:02:14,880 Speaker 1: It's no longer the same thing, So more pressure today 39 00:02:15,000 --> 00:02:18,600 Speaker 1: after a pretty rough start of the year. Whirlpool another 40 00:02:18,680 --> 00:02:22,200 Speaker 1: difficult one. We're talking about outlook. They slash their twenty 41 00:02:22,240 --> 00:02:25,520 Speaker 1: twenty five outlook and the stock tumbout eleven percent. The 42 00:02:25,560 --> 00:02:29,080 Speaker 1: ticker is WHR. The company is saying that the boost 43 00:02:29,120 --> 00:02:31,840 Speaker 1: it expects from making the majority of its appliances in 44 00:02:31,880 --> 00:02:34,760 Speaker 1: the US is yet to materialize. They said about eighty 45 00:02:34,800 --> 00:02:37,960 Speaker 1: percent of their production is in the US, which obviously 46 00:02:38,040 --> 00:02:40,800 Speaker 1: with the tariffs, should favor the company, but we're not 47 00:02:40,840 --> 00:02:43,200 Speaker 1: seeing that. The company is down more than twenty percent 48 00:02:43,280 --> 00:02:46,920 Speaker 1: year to date. One factor is that, in anticipation of 49 00:02:47,000 --> 00:02:50,280 Speaker 1: the tariffs, a lot of Asian makers have increased their 50 00:02:50,320 --> 00:02:55,200 Speaker 1: export in North America, and that's created a historic oversupply. 51 00:02:55,520 --> 00:02:59,480 Speaker 2: The stock mover's report from Bloomberg Radio. Check back with 52 00:02:59,560 --> 00:03:02,560 Speaker 2: us throughout today for the latest roundup of companies making 53 00:03:02,639 --> 00:03:06,240 Speaker 2: news on Wall Street and for the latest market moving headlines. 54 00:03:06,480 --> 00:03:10,480 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 55 00:03:10,520 --> 00:03:13,600 Speaker 2: dot com, and on Applecarplay and Android Auto with the 56 00:03:13,639 --> 00:03:15,000 Speaker 2: Bloomberg Business app.