Moderna Falls, Synopsys Gains, Barrick Mining Rises on IPO News - podcast episode cover

Moderna Falls, Synopsys Gains, Barrick Mining Rises on IPO News

Dec 01, 20253 min
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Episode description

On this episode of Stock Movers:
- Vaccine makers (MRNA, BNTX, PCVX) shares fall after news that the FDA will place new restrictions on which vaccines hit the market due to safety concerns, according to a memo from Vinay Prasad, a top FDA official.
- Synopsys (SNPS) shares rise after Nvidia struck a deal to invest $2 billion into chip-design software maker Synopsys Inc.’s stock as part of a broader engineering and design tie-up, the latest massive investment by the chipmaker into one of its own suppliers.
- Barrick Mining (ABX) shares rise after news that the company is exploring an initial public offering of its North American gold assets, including its joint-venture interests in Nevada and a large mine in the Dominican Republic.

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Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio news.

Speaker 2

The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Just us look at some of the stocks on the move today. We're joined by Bloomberg's Normal Linda Nor.

Speaker 3

What are you looking at?

Speaker 1

Well, let's take a.

Speaker 3

Look at what's going on with the vaccine space. I've got my eyes on a lot of the vaccine stocks. That's Maderna, Pfizer, Biointech, Novavax. All of these stocks are lower right now. This is after William Blair flag reports of a memo that came from the top FDA official Vene prosad. It said that links to COVID nineteen vaccines in younger people are being linked to debts associated with mico carditis, which is actually something I had to look up.

It's inflammation of the heart muscle. It can cause chest pain, fatigue, and shortness of breath. So of course you're going to see a lot of the stocks that are related to this. Vaccine makers really seeing a strong pullback right now.

Speaker 1

There's a big AI deal today. What are you watching?

Speaker 3

Yeah, we're looking and Nvidia always in focus at this point. But of course, this is a deal that we're seeing between Nvidia and Synopsis. Synopsis is a company that provides electronic design automation solutions to the global electronics market. And so we're seeing shares of Synopsis up as much as six point nine percent. That's the best day that we've seen for the stock since September. Here, But of course this deal is really showing that Video is investing two

billion dollars in the company. This is really strategic partnership. They're saying that it should hope to revolutionize engineering and design. I mean, I feel like we've just been seeing deal after deal, so much money flowing through all of these AI na Here.

Speaker 1

Is how nother we monetize because we hear these deal announcements. There aren't often clear timelines or spending plans, right.

Speaker 2

But the numbers are just huge. Exactly, that's no big deal.

Speaker 1

I just casually at this point I can change at this point for these AI companies.

Speaker 2

All right, how about the Barrack Mining.

Speaker 3

Yes, so this one we've really been keeping an eye on really today, This of course is ticker b This is a Toronto based mining company. We're seeing it rising this is after the company said it's exploring an IPO of its North American gold assets. Analysts are really calling out they see the potential spinoff as a positive for shares. They also said that it could create a potential acquisition target for Neumont, which is another company that we've really

been keeping an eye on in that space. So we are seeing shares up for Barrick right now, up about two point eight percent right now as we speak. In video, shares up more than one percent.

Speaker 2

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.

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