1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,000 --> 00:00:19,760 Speaker 3: Let's take a look at some stocks on the move 5 00:00:19,800 --> 00:00:20,160 Speaker 3: this week. 6 00:00:20,200 --> 00:00:22,159 Speaker 4: I am Carol Master along with Matt Miller with us 7 00:00:22,160 --> 00:00:25,360 Speaker 4: as Christina Quino, Managing editor for Bloomberg Markets Live Blog. 8 00:00:25,760 --> 00:00:28,160 Speaker 3: Let's start with Carnival. 9 00:00:28,560 --> 00:00:31,600 Speaker 1: Carnival, Yeah, that stock is up more than nine percent 10 00:00:31,760 --> 00:00:35,599 Speaker 1: at the moment, and is because it's selling bonds for 11 00:00:35,640 --> 00:00:38,080 Speaker 1: the third time this year, a billion dollars of senior 12 00:00:38,159 --> 00:00:40,800 Speaker 1: unsecured notes, and proceeds of that will be used to 13 00:00:40,840 --> 00:00:42,920 Speaker 1: refinance its debt maturing next year. 14 00:00:43,320 --> 00:00:44,000 Speaker 3: As you may. 15 00:00:43,880 --> 00:00:47,279 Speaker 1: Recall, the chief financial officer, Dervid Bernstein, was saying that 16 00:00:47,440 --> 00:00:50,400 Speaker 1: paying down debt was quote priority one, two and three 17 00:00:50,840 --> 00:00:54,800 Speaker 1: their most recent earnings calls. So investors really appreciating that 18 00:00:54,840 --> 00:00:57,320 Speaker 1: they're able to do this at a particular time when 19 00:00:57,720 --> 00:01:00,320 Speaker 1: the rally in risk assets is really benefiting a man 20 00:01:00,520 --> 00:01:01,520 Speaker 1: for this sort of debt. 21 00:01:01,680 --> 00:01:05,280 Speaker 3: We're talking about the cruise lines, yes, inmndible, these lines. Yeah. 22 00:01:05,360 --> 00:01:07,520 Speaker 4: I think what's interesting is man, they did take on 23 00:01:07,720 --> 00:01:10,480 Speaker 4: a lot of debt during the pandemic. 24 00:01:10,520 --> 00:01:12,480 Speaker 3: We saw that in a big way. And I know Fitch, 25 00:01:12,560 --> 00:01:12,880 Speaker 3: you know. 26 00:01:12,800 --> 00:01:15,760 Speaker 4: Pointing out that it's expected to decline to what twenty 27 00:01:15,760 --> 00:01:17,479 Speaker 4: seven billion at the end of this year from thirty 28 00:01:17,560 --> 00:01:19,080 Speaker 4: six billion in twenty twenty two. 29 00:01:19,480 --> 00:01:20,920 Speaker 3: That has been priority. 30 00:01:20,959 --> 00:01:23,959 Speaker 4: Wanted to talk a lot with the CEO of that company, 31 00:01:24,120 --> 00:01:26,720 Speaker 4: and that has certainly been a priority for them. But 32 00:01:26,880 --> 00:01:29,440 Speaker 4: in the meantime, you know, their business looks pretty good. 33 00:01:29,480 --> 00:01:31,680 Speaker 4: I mean, they're very upbeat about people wanting to take, 34 00:01:32,000 --> 00:01:33,360 Speaker 4: you know, get on a cruise ship. 35 00:01:33,440 --> 00:01:36,440 Speaker 3: Still, yeah, yeah, in a big way. What are the 36 00:01:36,440 --> 00:01:39,800 Speaker 3: other stocks you're looking at? And I'm key RG incredible 37 00:01:39,840 --> 00:01:40,360 Speaker 3: deal today. 38 00:01:40,720 --> 00:01:42,960 Speaker 5: I want to say, like just five minutes into the trade, 39 00:01:43,000 --> 00:01:45,360 Speaker 5: they were up twenty five percent and those. 40 00:01:45,280 --> 00:01:47,600 Speaker 1: Guys haven't really let up at the moment more than 41 00:01:47,640 --> 00:01:50,400 Speaker 1: twenty four percent and we're late into the day in trading. 42 00:01:50,440 --> 00:01:53,680 Speaker 1: So yeah, a lot of investors really really liking that deal. 43 00:01:54,240 --> 00:01:56,360 Speaker 1: Just a reminder, you know, they're they're agreeing to buy 44 00:01:56,480 --> 00:01:59,760 Speaker 1: a fleet of natural gas fired power plants for about 45 00:01:59,800 --> 00:02:00,960 Speaker 1: twelve billion dollars. 46 00:02:01,000 --> 00:02:03,600 Speaker 3: This is essentially an AI bet right because they're. 47 00:02:03,520 --> 00:02:05,360 Speaker 1: Betting that the fuel will be crucial to meet the 48 00:02:05,400 --> 00:02:09,040 Speaker 1: electricity demand from data centers. That's still a really hot 49 00:02:09,160 --> 00:02:12,480 Speaker 1: part of the AI sector at the moment. And you 50 00:02:12,520 --> 00:02:15,520 Speaker 1: know with this purchase energy also saying that it's adjusted 51 00:02:15,560 --> 00:02:18,880 Speaker 1: earnings per share will now expand at fourteen percent on 52 00:02:18,960 --> 00:02:21,760 Speaker 1: a compound annual growth rate over five years, up from 53 00:02:21,840 --> 00:02:25,320 Speaker 1: previously ten percent. So yeah, substantial gain there, and you 54 00:02:25,320 --> 00:02:27,440 Speaker 1: can see what OSCCA is really soaring today. 55 00:02:27,480 --> 00:02:29,320 Speaker 4: Can I just say one of the big things at 56 00:02:29,320 --> 00:02:31,360 Speaker 4: Milican too was the AI data center. 57 00:02:31,440 --> 00:02:34,480 Speaker 3: People said, yep, they're still spending. They're spending like crazy there, right, 58 00:02:34,600 --> 00:02:37,040 Speaker 3: because so Mira Panda today. 59 00:02:36,960 --> 00:02:40,960 Speaker 5: She was fantastic on Bloomberg Surveillance was saying that companies 60 00:02:41,080 --> 00:02:46,160 Speaker 5: outside of megacap tech docs, outside of the AI spend 61 00:02:46,800 --> 00:02:51,720 Speaker 5: are not boosting capex but rather buying shares back. So 62 00:02:51,800 --> 00:02:54,079 Speaker 5: I thought that was really interesting. Everyone else you have 63 00:02:54,280 --> 00:02:59,440 Speaker 5: to pay for your data center, but everything else is optional, 64 00:02:59,480 --> 00:03:02,200 Speaker 5: and maybe a CFO is going to prefer to buy. 65 00:03:02,040 --> 00:03:03,960 Speaker 4: Shares, right if you have to make difference, race or 66 00:03:03,960 --> 00:03:05,959 Speaker 4: make or make choices energy. By the way, the number 67 00:03:06,000 --> 00:03:08,600 Speaker 4: one gainer in the S and P five hundred signa 68 00:03:08,680 --> 00:03:09,720 Speaker 4: going to the other direction. 69 00:03:09,520 --> 00:03:12,600 Speaker 1: Signa exactly one of the sauces that is in red 70 00:03:12,760 --> 00:03:15,560 Speaker 1: at the moment, down more than six percent. And that's 71 00:03:15,639 --> 00:03:19,000 Speaker 1: after President Donald Trump's book earlier proposing his plan to 72 00:03:19,120 --> 00:03:21,880 Speaker 1: cut out the drug industry middlemen as a way to 73 00:03:21,919 --> 00:03:25,040 Speaker 1: reduce drug costs. A very interesting right in the President's 74 00:03:25,080 --> 00:03:28,079 Speaker 1: executive order, focusing not so much on the makers of 75 00:03:28,120 --> 00:03:32,200 Speaker 1: these drugs, but the middlemen involved in the process of 76 00:03:32,200 --> 00:03:33,720 Speaker 1: selling them and getting them to the public. 77 00:03:33,760 --> 00:03:36,720 Speaker 4: And so now we're negotiating the pricing exactly a big 78 00:03:36,760 --> 00:03:38,600 Speaker 4: part of write what they do, and as. 79 00:03:38,520 --> 00:03:41,160 Speaker 1: Part of what has Republicans are going to be trying 80 00:03:41,200 --> 00:03:45,400 Speaker 1: to do the reviving measures that would primarily prohibit spread pricing, 81 00:03:45,720 --> 00:03:49,680 Speaker 1: which is essentially pharmacy benefit manager's profiting by paying pharmacies 82 00:03:50,000 --> 00:03:53,400 Speaker 1: less than what they charged state medicaid plans for medication. 83 00:03:53,560 --> 00:03:54,360 Speaker 3: So, you know, this was. 84 00:03:54,360 --> 00:03:57,320 Speaker 1: Something that was considered by Congress last year, ultimately didn't pass, 85 00:03:57,400 --> 00:04:00,480 Speaker 1: but maybe now with renewed efforts behind it, with a 86 00:04:00,480 --> 00:04:04,320 Speaker 1: president throwing his weight behind it, possibly getting it undershot there. 87 00:04:04,600 --> 00:04:06,640 Speaker 5: And that's why we see CBS down as well. I'm 88 00:04:06,640 --> 00:04:08,880 Speaker 5: siging on CBS to the biggest losers on the S 89 00:04:08,920 --> 00:04:11,760 Speaker 5: and P. If you sort it by percentage terms. 90 00:04:12,200 --> 00:04:12,400 Speaker 1: You know. 91 00:04:12,840 --> 00:04:16,760 Speaker 5: When Dave Rix, who's the CEO of Eli Lillyeah, was 92 00:04:16,839 --> 00:04:20,159 Speaker 5: on with David Rubinstein, he was saying the same thing, like, 93 00:04:20,200 --> 00:04:23,080 Speaker 5: it's not us man, it's the middleman, you know. And 94 00:04:23,279 --> 00:04:27,080 Speaker 5: Trump today also was referring to this magical mini middleman 95 00:04:27,200 --> 00:04:29,520 Speaker 5: who's such a great businessman and makes so much money. 96 00:04:29,560 --> 00:04:32,839 Speaker 3: I guess these are the middleman. All I know is 97 00:04:32,920 --> 00:04:34,960 Speaker 3: you go to pick up a prescription or something and 98 00:04:34,960 --> 00:04:35,719 Speaker 3: then it's like there's a. 99 00:04:35,720 --> 00:04:37,200 Speaker 4: Keep one on this, and there's a deal on this, 100 00:04:37,320 --> 00:04:40,240 Speaker 4: and it's like, I never it's just kind of it's 101 00:04:40,240 --> 00:04:40,560 Speaker 4: too much. 102 00:04:40,560 --> 00:04:43,040 Speaker 5: For when I lived in Germany, I just moved back 103 00:04:43,040 --> 00:04:45,440 Speaker 5: here in twenty twenty two. I would go to get 104 00:04:45,480 --> 00:04:48,080 Speaker 5: my medicine at the pharmacy and they would say seven 105 00:04:48,120 --> 00:04:50,960 Speaker 5: euros and twenty four cents and I would say, is 106 00:04:51,000 --> 00:04:54,160 Speaker 5: there some mistake? Can I not please pay you another 107 00:04:54,200 --> 00:04:57,680 Speaker 5: few hundred euros? And no, that's just how much it was. 108 00:04:58,000 --> 00:05:02,080 Speaker 5: So they did something right, we did something wrong. It's 109 00:05:02,120 --> 00:05:03,840 Speaker 5: like a bunch of friends going out to dinner and 110 00:05:03,880 --> 00:05:05,799 Speaker 5: we buy every single time. 111 00:05:07,240 --> 00:05:11,600 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 112 00:05:11,640 --> 00:05:14,560 Speaker 2: throughout the day for the latest roundup of companies making 113 00:05:14,640 --> 00:05:18,200 Speaker 2: news on Wall Street, and for the latest market moving headlines. 114 00:05:18,360 --> 00:05:22,279 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 115 00:05:22,320 --> 00:05:25,120 Speaker 2: dot com, and on Applecarplay and Android Auto with the 116 00:05:25,160 --> 00:05:26,520 Speaker 2: Bloomberg Business App.