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Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a comeback Monday, and one of the stocks in the midst of the comeback is the biggest of all. Valerie, good morning.
Hey, good morning, Nathan. Happy Monday. Yes, Nvidia is leading the gains across the mag seven on this broad rebound, on these hopes of this government shutdown ending really taking a lot of the focus and the worries about this AI trade. I guess off the main path at the moment. Nvidia up three point two percent now. It did have its worst week last week since early April. It was down around seven percent on the week last week, so we're making up nearly half of the losses with this
pre market move for Nvidiao. Overnight, we did have the CEO Jensen Kwang. He was in Taipei, his third visit to Taiwan in the last three months, meeting with TSMC asking for additional supply from TSMC, with the CEO saying he has asked them for more chip supplies to keep up with booming AI demands. So there's also a positive sentiment as well at the back of this on this rebound.
Althoth though, I guess there is a one sector in particular that's seeing some negative sentiment around the government shutdown getting resolved.
Yeah, that's the health insurance sector is really on a back foot. We have the likes of Senting down over eight percent, OSCAR health down eight and a half, and this comes after that Democrats are looking like they will concede in the shutdown fight without securing a win for healthcare payments. When it comes to the Affordable Care Act subsidies now scenting an OSCAR are some of the biggest
providers of coverage under ACA, also known as Obambacare. We also had President Trump out in a series of truth social posts saying that the hundreds of billions of dollars and federal funding that goes to these health insurers under ACA should be sent directly to the public instead. So double whammy for these health insurance name the whole sector really on a back foot, sent in an OSCAR being the main losers.
And staying in the healthcare sector of sorts. Could it be that the met Sarah saga is coming to an end along with the government shutdown.
Yeah, it does seem like Pfizer has ended the bidding war for a met Sarah that's the obesit startup that was both eyed by Peiser and by Novo Nordis. We're seeing some share price moves off the back of this, mostly due to met Sarah down nearly fifteen percent in the pre market. Maybe it seemed that the market had priced in that Novo Nordisk would continue the bidding war, maybe raised Met Sarah's valuation further, but they declined to give any further offer over the weekend. So it does
seem like Pfizer has sealed the deal. In a deal it could be worth up to ten billion dollars now. Pfeiser and Nova Nordisk have been heavily eyeing this obesity startup to aid their efforts in the drug space Pfizer's own in house drug failings earlier this year, and then Novo is also dealing with the loss of its patent for ozepic. So perhaps the saga is over, But does seem like Matsara is losing in today's trade, down fifteen percent.
And finally, Valerie looks like robin Hood Markets is making some news this morning.
It is so Robinhood is up four percent now. Cryptolink stocks are generally doing well. Bitcoin is rallied over the weekend, up over two and a half percent since Friday. But there's also a very interesting report out from the FT that Robinhood plans to offer investors access to private AI companies via a new fund managed by its subsidiary, Robinhood Ventures. The CEO was saying to the FT, he is keen to deliver exposure to private AI companies for its customers,
regardless of this bubble chat. He wants to do it to keep relevant with their customer base. And we're seeing the stock react positively this morning, up four percent for robin Hood.
This stock mover'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.