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Paul Sweni and Scarlett Food here with you on this Friday. This is Bloomberg Intelligence and we are keeping our eye on the market drivers here and normal Linda Bloomberg Television Markets correspondent has our big Movers of the hour and Nora get Us started with the world's biggest asset manager, Blackrock.
Whils some potential m and a action going on here. So Blackrocks Global Infrastructure Partners is allegedly in advanced talks to acquire aligned data centers. This could be valued at about forty billion dollars here in this particular transaction. Of course, we know this is taker BLK really interesting activity going on in terms of the stock performance right now IP
about three tenths of a percent. But they did note in the story here that we have out on the Bloomberg terminal that has spokesperson for black Rock declined to comment here, but we do know that GIP hasn't reached a final agreement for aligned data centers and some details could potentially change, and as we know, since talks are ongoing, there's no guarantee that this ends in a transaction, but definitely some interesting news percolating here for black Rock.
All right, how about the by Do over in China.
Yes by Dow looking at the ad rs right now up about one point three percent as we speak, but earlier off as much as two point seven percent, which hit its highest intra day level since twenty twenty three. And this is some news of course coming out of Morgan Stanley raising the price target on the company to
one forty from one hundred, which it had before. They did maintain the equal weight rating there, but they do expect core ads to remain under pressure here for the company, but they've seen bullish sentiment, particularly in aiicloud, driving the stock to rerate and particular with its proprietary AI chip value.
Is what the analyst there is talking about. And the new target here is slightly under what we do know the stock hit yesterday which it closed out about one forty point two three, So that's getting a bit of a boos here. If you look at sharers of by Do, the ADRs up sixty nine percent so far, you're today.
And Rivian Bloomberg reporting something not so long ago. The stock is down about nine tens one percent.
Right, we have auto automakers largely in focus over the past couple of days here and Rivian ticker riv in really in focus today, in particular after plans to do a redesign of its door in terms of addressing safety issues in particular, so reworking at key element there of its vehicle doors, and that's what you're seeing h of course, kind of affecting the stock today. Here's her down about seven tens of percent.
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