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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Titel, starting off talking about Critical Metals. But this is a stock, not a metal. Good morning gallery.
Yeah, it's right, this is a company. It is a rare earth miner named Critical Metals in the headlines today, up ten and a half percent after a twenty six percent jump in yesterday's session, on a four day winning streak. Essentially, this is all around what's going on with Greenland. The miner's biggest project is a rare earth deposit in southern Greenland. And as President Trump ratches it up this pressure discussing this range of options for acquiring Greenland, excitement about the
stock continues. Perhaps the US would lean more on this company in order to extract those rare ers from Greenland they seem to desire so much.
And we got to talk as well about the biggest mover in the pre market session this morning. Ventix Biosciences must be a merger Wednesday.
Well, let's see if that comes to fruition. Ventex Biosciences up sixty three percent in the pre market trade. Wall Street Journal is reporting that Eli Lilly is in advanced talks to acquire the company for more than one billion dollars, which would be twice it's market cap now. Ventex specializes in developing pills that can treat inflammatory diseases. It's one of the hottest spaces in drug development this year. It
could treat diseases like Crohn's and rheumatory to arthritis. The Wallster Journal is saying the deal could be announced imminently, and with that one billion dollar price tag, it does seem to be exciting. The stock this morning with Ventex Bioscience is hired by sixty four percent.
Yeah, so we'll see if that does indeed come to fruition. This is an interesting one valerie Strategy, the company formerly known as micro Strategy, on the rise even though the asset that it's focused on is on the decline.
This morning.
Christ to Big Bitcoin Depository, what's going on with Strategy this morning?
This all has to do with the index inclusion fight. So micro Strategy, also known as Strategy four point three
percent in the pre market trade. MSCI Indexes has shelved for now a plan to eject crypto heavy firms like Strategy from its major Indexes has decided to keep these digital asset treasury companies in its stock market indexes for now, but it has says that it had launched a broader consultation on how these non operating companies should be treated, which does signal that there could still be a potential crackdown coming. But we know the index inclusion has been
really important for these crypto heavy firms. So we're seeing micro Strategy rally this morning, maybe in relief that the exclusion is not coming anytime soon.
And finally, chip heavy firs are kind of taking a breather, but they've been on quite the run latelyve out.
Yeah, especially memory chips. We're one of the main gainers in the equity market session yesterday, and we're seeing some of that rally in these memory and data storage companies today. So the likes of sand Disk that was up nearly thirty percent in the session yesterday is down one point three percent, though it still has rallied near fifty percent
so far this year. Isn't that crazy, Nathan, given the stock rallied five hundred percent last year, one of the best performing stocks in the S and P five hundred But we are seeing a breather for the memory chip industry and the storage industry. The next big kicker is Samsung, due to report preliminary earnings tomorrow in the Asia session. Will be hotly watched for as a guide on how they're looking at how their profits could be guided next year, given they're a key player in the memory space.
The Stock Mover's report from Bloomberg Radio. Check back with us throughout the day for the latest found up 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.