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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers, we take a look at some of the biggest gainers and decliners of the week:
- Moderna (MRNA) saw it shares soar to a record 177%, adding around $44 billion in value on Wednesday after it announced a personalized vaccine it developed with Merck (MRK) reduced the recurrence of melanoma in a large, late-stage trial. The breakthrough raises expectations for treating the deadliest form of skin cancer and shows the promise of the embattled mRNA technology.
- Crowdstrike (CRWD) shares fell after Axios reported the company chief technology officer is departing to start an AI-cyber fund. Current CTO Elia Zaitsev's new venture firm is reportedly targeting a $170 million fund.
- Estée Lauder (EL) shares soared after the beauty conglomerate ended a run of three straight declines in annual revenue, reinforcing that turnaround efforts are paying off. The shares closed 16% higher in New York on Wednesday, the biggest daily gain since 2011. The advance pared the stock’s year-do-date decline to 6%.
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU
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Weekly Roundup: Moderna Skyrockets, Crowdstrike Sinks, Estée Lauder Jumps
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Tim Stenovec.
- Moderna (MRNA) and Merck (MRK) shares continued to gain on investor enthusiasm over their new personalized cancer vaccine. Earlier in the week, Moderna jumped to its biggest intraday gain on record.
- Boston Beer (SAM) shares dropped in trading on Friday, after the alcoholic beverage maker announced Chief Financial Officer Diego Reynoso will be leaving the company on Sept. 14 to accept a new opportunity. Citi views Reynoso’s exit as a “meaningful loss” to the Samuel Adams maker given his key role in the company’s margin recovery program.
- Ubiquiti (UI) shares fell the most since May after the wireless-network equipment provider posted fiscal fourth-quarter gross margin that shrank from the third quarter. The margin was hurt by higher costs of components and shipping.
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Television: https://www.youtube.com/@markets
Bloomberg Originals: https://www.youtube.com/bloomberg
Quicktake: https://www.youtube.com/@BloombergQuicktake
For coverage on news, markets and more: http://www.bloomberg.com/video
#Stocks #Markets #Finance #Investing #Podcast #Bloomberg
Closing Bell: Moderna Rallies, Boston Beer Drops, Ubiquiti Slumps
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to Fed Chair Kevin Warsh’s speech in Jackson Hole and earnings from chip giant, Nvidia.
In the UK – a look ahead to a key meeting of French business leaders as they count down to a pivotal Presidential election.
In Asia – a look ahead to Tokyo inflation
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Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
President Donald Trump said he did not direct Scott Bessent to intervene in the bond market this week, saying that the Treasury secretary acted on his own authority.
“No, not at all,” Trump told reporters Friday when asked if he had pushed Bessent to take action. “He’s a very capable man. He wanted to do it. He’s very good at it.”
Watch the President's comments to reporters on Friday evening, from Joint Base Andrews on his way to South Carolina for an event.
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
Barry speaks with Alex Morris, author of "Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Annual Shareholder Meetings". They discuss his research into the legendary investors and the challenges in interpreting markets.
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Bloomberg Radio host columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
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