Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
I'm Jibstebek along with Carol Masser. Let's take a look at some stocks on the move today with us as Bloomberg News Equities reporter and Deputy team leader for US Equities Carmen Reinicky. In Vidia is on your.
Radar, Yeah, and video shares around a tear today. Right now, the stock is up about five point three percent intra day trading. It's the largest point contributor to the S and P five hundred right now. I think it's about twenty eight points on that index. We're really seeing all of the AI names though in risk on assets, really bouncing back after last week. So in Nvidia last week fell more than seven percent. It had his worst week
since mid April. So we're just seeing, you know, hopes that the shutdown is ending, and I think looking ahead to maybe some results for in Nvidia next week. Just bolstering optimism again. Ones float you know, flying back.
Into these I will say the socks.
The Philly Semiconductor Index twenty six of the thirty names are higher today, so yes, the risk on trade in a big way.
Big pharma in the news again, Yeah for sure.
So shares of Eli Lilly, which is ticker ll Y, are up four point eight percent right now. They're on track for a record high close. So basically Leering Partners upgraded the company to outperform from market perform. This is after the recent deal with the Trump administration to cut prices for obesity drugs in exchange for wider Medicare coverage that happened last week, so I think we're just seeing
so some continued trading on that. The company also said that it was going to utilize an AI platform to aid in drug discovery, so that could be giving shares sort of an extra little boost today if there's investor optimism about you know, using artificial intelligence in the healthcare space. And you know, I guess on the flip side where we're really seeing shares of US healthcare insurance and hospitals
falling today. So lawmakers they're drawing closer to you know, ending the government shutdown, but it looks like that's going to be without securiting an extension of you Affordable Care Act. Subsidies, and so this is really hitting shares of stocks like centeen Corpse CNC. It's down eight point four percent right now, worst day since July. Then Molina Healthcare MOH. It's down
seven and a half percent today. This is the lowest actually since April twenty twenty for this stock, So really really significant news.
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