WEBVTT - Chime, Boston Scientific Falls, Compass Pathways Rises

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<v Speaker 1>Bloomberg Audio Studios. Podcasts. Radio. News. The Stock Movers Report.

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<v Speaker 1>Your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg data.

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<v Speaker 2>I'm Carol Master along with Tim Stenevik. Let's do that

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<v Speaker 2>with our own Bloomberg News Equities Reporter, Avalon Purnell. She's

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<v Speaker 2>here in our studio.

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<v Speaker 1>All right.

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<v Speaker 2>So let's talk post-market, time financial on your radar.

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<v Speaker 3>Yes, that's ticker C-H-Y-M. Currently jumping nearly 10% post-market. And

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<v Speaker 3>that's after the fintech firm announced that it is buying

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<v Speaker 3>Stride Bank for about $ 590 million in cash. Vital Knowledge

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<v Speaker 3>actually saying in a note that this deal will help

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<v Speaker 3>to merge Chime's IT infrastructure with Stride's bank charter and

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<v Speaker 3>banking infrastructure. Worth noting, obviously, Stride has been one of

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<v Speaker 3>Chime's bank partners for at least more than seven years,

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<v Speaker 3>and they're expecting this deal to be immediately accretive to

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<v Speaker 3>their profit, already boosting their third quarter and full-year guidance,

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<v Speaker 3>though the deal is not expected to be completed until

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<v Speaker 3>the first half of 2027.

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<v Speaker 4>So these fintechs haven't necessarily been banks. What they've done

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<v Speaker 4>is partnered with banks because from a regulatory perspective, it

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<v Speaker 4>was easier to do that. But I guess if you

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<v Speaker 4>buy a bank, you can then become a bank.

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<v Speaker 2>Says John has for years offered customers checking accounts and

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<v Speaker 2>other products and will now be able to do so

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<v Speaker 2>in a lower cost fashion by becoming a bank itself.

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<v Speaker 1>Yeah.

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<v Speaker 4>I bet Paige Smith is all over this story.

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<v Speaker 2>Yeah.

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<v Speaker 4>She wrote this story. Okay.

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<v Speaker 2>There it is. Well done.

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<v Speaker 4>Well done.

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<v Speaker 2>Look at that. Namaskaran over there.

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<v Speaker 4>Excuse me?

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<v Speaker 1>Exactly.

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<v Speaker 4>All right. From Chime, where are we going next?

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<v Speaker 3>Boston Scientific, that's ticker BSX. Not as good news there.

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<v Speaker 3>They fell nearly 6% and their worst day since May.

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<v Speaker 3>And that's after the medical devices firm said that it's

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<v Speaker 3>unlikely that the company will be able to meet its

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<v Speaker 3>previously provided guidance for the full year following some cyber

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<v Speaker 3>attacks that it experienced at the end of August. Raymond

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<v Speaker 3>James also noting that they... are back operational. However, the

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<v Speaker 3>fact that they did not actually quantify how much this

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<v Speaker 3>is going to weigh, that's really the big problem for

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<v Speaker 3>investors ahead.

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<v Speaker 1>Cyber attacks.

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<v Speaker 2>This is the world we're living in.

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<v Speaker 4>This is crazy.

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<v Speaker 2>Yeah. But I also think about what it means for

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<v Speaker 2>not being able to produce maybe everything they need to,

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<v Speaker 2>and certainly for patients and how that impacts them. So

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<v Speaker 2>something certainly we're watching. All right, let's go to another post-market, psychedelics.

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<v Speaker 1>Yes. Good way to wrap up.

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<v Speaker 3>Compass Pathways, that's ticker CMPS, currently gaining about 3.9% post-market.

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<v Speaker 3>And that's after Bloomberg reports that the FDA is planning

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<v Speaker 3>to tap Mike Davis to remain in charge of CEDAR,

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<v Speaker 3>which is a really important branch of the FDA that

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<v Speaker 3>oversees the safety, quality, and effectiveness of drugs. And considering

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<v Speaker 3>Compass is actually in the lead for potentially getting the

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<v Speaker 3>first psychedelic treatment approved, it's definitely something that we're going

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<v Speaker 3>to be keeping an eye on and is moving that stock.

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<v Speaker 2>We've talked to Kabir Nath a lot.

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<v Speaker 4>We have, yeah.

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<v Speaker 2>The CEO of Compass.

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<v Speaker 4>Yeah, interesting.

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<v Speaker 2>Stock's up 103% year-to-date. Okay.

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<v Speaker 4>OK, there's this is interesting. Also, the Trump administration cemented

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<v Speaker 4>the FDA senior leadership naming officials in charge of regulating drugs,

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<v Speaker 4>vaccine and tobacco. One of those people actually has a

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<v Speaker 4>background in psychedelics, I believe.

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<v Speaker 3>Yes, that's Mike Davis.

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<v Speaker 1>Yeah.

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<v Speaker 3>There it is.

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<v Speaker 2>See, I was listening, which is why I didn't repeat it.

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<v Speaker 4>But there's like several of them.

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<v Speaker 2>Yeah.

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<v Speaker 1>Yes.

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<v Speaker 2>No, but, but it speaks to, you're right. You know,

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<v Speaker 2>both of you, like, um, what the administration does and

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<v Speaker 2>who's appointed and who might have kind of a sympathetic ear, right.

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<v Speaker 2>To a certain industry. I missed you, Carol.

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<v Speaker 4>So glad you're back.

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<v Speaker 2>Are you on psychedelic drugs?

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<v Speaker 1>I'm just kidding. I'm just kidding.

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<v Speaker 3>He doesn't even drink.

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<v Speaker 4>Increasingly.

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<v Speaker 2>What?

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<v Speaker 1>You are?

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<v Speaker 4>No. No, I'm just, you know, increasingly looked at by

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<v Speaker 4>some members of the FDA.

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<v Speaker 1>Yeah.

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<v Speaker 4>As perhaps suitable for treatment for certain things.

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<v Speaker 1>Ooh. The Stock Movers Report from Bloomberg Radio. Check back

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