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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock mover's report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostik, and Scarlett Foo.

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Speaker 3: Let's take a look at some of the gainers on

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Speaker 3: this day. Today, Apply Digital up more than forty eight percent.

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Speaker 3: It's a digital infrastructure company, i e. Cloud services for

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Speaker 3: high performance computing. Shares surge and get this, it was

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Speaker 3: only the biggest jump going back to September. This after

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Speaker 3: the company entered ad to two lease agreements with core

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Speaker 3: Weave in North Dakota. I remember Corewave is the cloud

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Speaker 3: services company, so under these agreements, Applied Digital will deliver

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Speaker 3: two hundred and fifty megawatts of critical IT load to

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Speaker 3: host Corewave's AI and high performance computing infrastructure at its

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Speaker 3: North Dakota Center campus. Also, keep an eye on what

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Speaker 3: happened with a steel and aluminum stocks today. A host

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Speaker 3: of these companies moved higher. I picked out in particular,

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Speaker 3: Steel Dynamics higher by ten percent today. This after President

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Speaker 3: Trump said he would be increasing tariffs on steel and

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Speaker 3: aluminum by fifty percent from twenty five percent. The President

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Speaker 3: did say on Friday that the move would help protect

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Speaker 3: American workers. This was as he visited a US steel

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Speaker 3: plant earlier this or late last week, I should say.

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Speaker 3: The President also said he would raise aluminum rates in

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Speaker 3: a post on True Social. That post said the new

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Speaker 3: rates would become effective this coming Wednesday.

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Speaker 1: Why did you choose steel Dynamics and not the others.

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Speaker 3: To steal that it was the best performer When I

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Speaker 3: looked in the S and P five hundred on a

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Speaker 3: percentage basis, okay, yes, in the S and P five Okay, yeah,

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Speaker 3: there is about it. It was actually a hard decision.

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Speaker 3: I in fact even looked at some stee ETFs if

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Speaker 3: I wanted to do one of those. Yeah, but it

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Speaker 3: was only moving higher by like two and a half

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Speaker 3: three percent. I thought this was a more dramatic move.

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Speaker 1: So, all right, twenty three percent on the day that

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Speaker 1: was one in twenty sixteen.

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Speaker 3: But that's not in the sperlative. It's not in the

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Speaker 3: S and P five hundred, Oh my gosh. And the

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Speaker 3: market cap is only a fraction of such an need

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Speaker 3: us of what steel Dynamics is. So yeah, there is

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Speaker 3: a method.

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Speaker 2: To trust me.

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Speaker 3: Kap bias Hey, there is a little merger action happening.

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Speaker 3: M and a Monday blueprint and Medicines Corporation higher today,

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Speaker 3: just surging twenty six percent. So Nofie agreeing to buy

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Speaker 3: the company for at least nine point one billion dollars.

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Speaker 3: Sonofie's looking to further expand its rare imminological disease portfolio.

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Speaker 3: The company plans to finance the transaction with the combination

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Speaker 3: of cash on hand and proceeds from new dead All.

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Speaker 4: Right, and looking at the decliners right now. DraftKings following

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Speaker 4: as much as eight point five percent, but it actually

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Speaker 4: ended the day down six percent after Illinois lawmakers proposed

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Speaker 4: a sports betting tax increase in the fiscal twenty twenty

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Speaker 4: six budget. Flutter Entertainment was also lower, but the DraftKings

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Speaker 4: drop perhaps more significant here. This was a surprise move

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Speaker 4: from Illinois following last year's unexpected boost. According to analysts

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Speaker 4: at truesst In Oppenheimer. They say that online sports betting

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Speaker 4: operators will have to pay a twenty five cent fine

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Speaker 4: on the first twenty million waiters accepted, and then a

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Speaker 4: fifty cent charge thereafter. I'm also looking at shares.

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Speaker 1: I just want to say too. We caught up with

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Speaker 1: Davi Katz at Jeffrey because I was kind of confused

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Speaker 1: as a wildly shares are reacting so much, and he

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Speaker 1: said the bigger issue here was that that if Illinois

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Speaker 1: does this, then it gives sort of a I guess

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Speaker 1: a green light for other states to follow suit, and

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Speaker 1: that would be the real risk. That's his view, not mine, right.

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Speaker 4: Yeah, I feel like we typically see those fears of

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Speaker 4: like a contagion effect when it comes to anything around

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Speaker 4: sports betting proposals like this one. But now flipping back

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Speaker 4: to Tesla, shares dropped as much as three point eight

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Speaker 4: percent finish the day down one percent. A French industry

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Speaker 4: association said today that Tesla sales plunged sixty seven percent

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Speaker 4: do an almost three year low in France, and this

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Speaker 4: is undercutting CEO Elon Musk's assertion last month that the

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Speaker 4: carmaker has recovered from its early year sales slump and

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Speaker 4: then finally advertising agencies fell. Inner Public Group is one

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Speaker 4: of them. The Wall Street Journal reported that Meta is

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Speaker 4: planning to enable brands to fully create and also target

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Speaker 4: ads using AI by the end of next year. And

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Speaker 4: we saw this company eight point four billion dollars market cap.

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Speaker 4: It's an organization of ad agencies, finishing the day down

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Speaker 4: four point five percent.

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Speaker 1: All right, just real quickly, speaking of trade, we are

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Speaker 1: getting some headlines here out of the Border Customs and

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Speaker 1: Border Administration here in the United States saying that they

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Speaker 1: have extended the pause on US tariffs on some Chinese

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Speaker 1: goods in August thirty first. And of course there's been

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Speaker 1: a lot of chatter today about more high level talks

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Speaker 1: between the US and China and resolving this trade dispute here,

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Speaker 1: and of course, sorry to keep track of exactly which

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Speaker 1: goods and which tariffs this actually applies to, but the

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Speaker 1: headline here is that it has extended the tariff pause

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Speaker 1: and some Chinese goods until August thirty. First, Let's take

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Speaker 1: a quick look at yields. They did finish up across

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Speaker 1: the board and across the curve here by about four

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Speaker 1: basis points almost evenly. You're taking a look at that

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Speaker 1: two year yield still holding just below that four percent level,

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Speaker 1: your ten year yield at four to four, and you're

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Speaker 1: a thirty year yield right now at about four to nine.

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Speaker 2: throughout the day. For the latest roundup of companies making

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Speaker 2: news on Wall Street, and for the latest market moving headlines.

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