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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.
Now, let's see where the action is stock movers today. We can do that with Bloomberg's Christine, what are you looking at all? Right, Paul, Let's kick it off with some magnificent seven this Monday morning. So alphabet at chicker goog so currently shares not about a half a percent here, but is the parent company of Google. And apparently Google is planning to announce its new generation of custom design chips known as tensor processing units or TPUs at the
Google Cloud Next conference in Las Vegas this week. So these new chips will apparently be dedicated to inference, which is which that means that they're going to be running AI models after these models have been trained. So separately, also we have the information reporting that Google has assembled a quote team of researchers and engineers to improve its AI coding models, supposedly in response partly to anthropics recent
and model releases. So lots of stuff going on at Google, but not doing too much for it shares at the moment, since they're down a little. It takes a lot to move a company's stock like Google, Right, you need more than just you know, strike team.
Let's stay with the AI them. What else do you have?
Yeah, let's take a look at Adobe as wells car this morning. So that's doing quite well this morning. So take her adve and those shares are up more than two point eight percent right now.
And this is.
Because we did get Adobe saying that it will expand its agentic ecosystem across leading technology companies. It's partnering with companies including a WS Andthropic, Google Cloud, IBM, Microsoft and video open Ai, the whole suite of the hot speed of hyperscalers and while Street Journal also reporting on this move with the additional detail that it's AI agents could apparently help enterprise customers automate functions such as digital marketing.
So this is quite a gamble for them, presumably because the stock has fallen thirty percent this year. They've definitely been caught up in the AI disruption narrative that has played a lot of software stocks. So we'll see if this new agentic ecosystem is the answer to its worries.
All right, Lastly, we've got Compass Pathways.
Compass Pathways, that's right, Paul, So Comp's Pathways. It is a PLC. It's a UK company, but it has ADRs. That ticker is CMPs. It is a pharmaceutical company and it develops the active substance science cybin for treatment of patients with depression, amongst other ailments. And it is roaring at the moment. Shares are up thirty nine percent, at least the ADRs are, and that is because President Trump sign an executive order to expedite research and access in psychedelics.
So the new order will direct the FDA they're going to expedite review vouchers to psychedelics with a so called breakthrough designation. That means it shortens the review time to one to two months from six to ten months. So that's quite a lead there and potentially some potential breakthroughs for these companies.
The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app,