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Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting off with the biggest upside mover in the pre market. You cannot ignore what is happening with New Valent this morning, Dan Happy Merger Tuesday.
Good morning morning, Nathan. That's right, Merger Tuesday, and New Veland is at the core of it. Up thirty nine percent in the pre market underticker and UVL that says GSK is agreeing to buy the Cambridge, mass based biotech company for one hundred and twenty four dollars a share. Those shares are a one hundred and twenty three giver take in pre market, so just very close to that offer price. The British company is looking to rebuild its cancer pipeline and GSK had return to that mark in
twenty nineteen. It has seen slow growth there, so it's looking to Neuvalent to help expand that out. Neuvealent designs precisely targeted oncologicals for patients, and it has two medicines in late stage trials. The FDA is set to decide on regulatory approval for both this year, and GSK says those two treatments could be blockbusters if given the green light. So this is a way for GSK to try to get back into the cancer space.
Okay, So while we keep an eye on that massive move for New Valen, we got to keep an eye on Apple as well. After the kickoff of the Worldwide Developers Conference. How our investors receiving that this morning, Dan.
They're still not convinced. Apple is down about three tenths of a percent in pre market ticker AAPL. And that's right. The company used yesterday's Worldwide Developer Conference to lay the foundation for its new products, and the centerpiece was a new operating systems. It's an overhauled assistant and they're calling it Serie AI. This was a chance to push back
about some skepticism over Apple's AI offering. The company has struggled to deliver many ambitious features on schedule and others just fell short arrivals, like Open AI and anthropics products. And off the back of this, we're seeing mixed analyst reviews. You have Wedbush on one side, they're pretty bullish saying quote, unveiled an AI strategy that will unleash the true monetization
opportunity end quote. But then you have something like Vital Knowledge coming out and saying quote to the extent anyone was hoping to be blown away by the updated Apple intelligence, the Monday keynote was a disappointment end quote. So there's a lot of mixed reviews on this and a lot of the issue seems to be around timelines. This is a long term strategy and the Wall Street is trying to figure out how it will play out for the stock.
Well, it looks like there's a lot more conviction around another stock that's part of the AI play that's Applied Digital, with a big move this morning, Dan.
Up nearly eleven percent in the pre market APLD. Applied Digital is a neo cloud company that's a fancy name for a company that provides special specialized AI infrastruct sure and it announced a new deal. It said signed a fifteen year lease with a US based hyperscaler and the deal is for two hundred and ten megawatts at its Delta Forge two campus. That's five point two billion dollars in base turm term revenue, and that could be up
to nearly thirteen billion dollars over thirty year return. This is very interesting becoming because it comes at Delta Forge two, which is not anticipated to open until about twenty twenty eight. So this is a sign of strong demand. These hyperscalers are booking out this platfor this can compute two years out. That has other hyperscalers up. Core Weave up three percent, Nebius up four percent in the pre market.
Just time to tell us how Veil Resorts is doing after earnings.
Yeah, it's going down the slope this morning. Four percent of bad joke, But the ski resort operator is cutting its net income guidance for the full year company seas twenty twenty six, even a decline of fourteen percent from its original forecast issued in September. Historically challenging weather conditions. Anyone who went out West, it was the worst snowfall in a long long time. The resorts of the Rockies
saw twenty four percent dropping visits. That's really weighing on the shares this morning.
This stockmover's 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.