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>> The Stock Movers Report, your roundup of

companies making moves in the stock

market, harnessing the power of

Bloomberg data. Let's take a look at

some stocks on the move today. I'm

Nathan Hager, joined by Bloomberg's Dan

Curtis on a Monday morning, which means

lots of merger Monday news, including a

big move this morning in the building

product space. Stan, good morning.

>> Good morning, Nathan. Yeah, just when we

thought you could get more excited. A

building product space has a big deal.

Um, that is QXO buying Top Build for

about $17 billion. That has shares of

Top Build trading under BL up nearly 19%

in pre-market. QXO down about 4% in

pre-market right now. The the the deal

is expected to close in the third

quarter. It will make QXO the second

largest publicly traded buildings

products distributor in North America.

And QXO sees the deal creating higher

margins business with value added

offerings for client. If the name sounds

familiar, that's because QXO has been on

a buying streak. We spoke about it on

this earlier this year when it bought

building partners and last year it

bought Beacon Roofing Supply. It also

tried to buy GMS, but Home Depot ended

up acquiring that. So the uh acquisition

streak continues for QXO. So, there's

been a bit of drama in the building

space. Um, but if we're not too excited

about that, uh, Rare Earths certainly

get your attention, and there's some

deal news there.

>> That's right. The company is called USA

Rare Earth. It trades under ticker USA.

Those shares are down about 2 and a

half% in the pre-market as the company

said it's going to acquire Salsa Verde

Group, which owns a rare earth's mine

and processing plant in Brazil. It's

going to be a about $2.8 8 billion

purchase funded for $300 million in cash

and about 127 million new shares of

common stock. So the the you know kind

of the the the extra shares uh coming

out weighing on the shares that are

already out today. USA rare earth sees

the combined company generating about

$1.8 8 billion uh IBIDA in 2030 and this

follows again we were just talking about

the building space M&A uh rare earth

material has been seeing a lot of M&A as

well critical metals boosted its stake

in a rare earth deposit in Greenland

last week these deals are getting done

as US and allies try to reduce reliance

on China for critical materials

>> okay so we'll be watching that move for

Sarah Verde as well now I guess we're

not going to be seeing a merger between

um United and American there's been some

cold water thrown on that.

>> Yeah. So, American came out and said

it's not engaged or interested in merger

discussions with rival United Airlines.

We're seeing crude prices up. So,

airlines in general are down, but this

morning we have United down about 2.8%.

American down about 2.7% just a little

bit more than say Pure Delta, which is

down about 2 and a half%. So, these

these companies do have this kind of

higher crude price playing out, but they

also have this cold water being

splashed. The statement is in response

to early reports that United CEO Scott

Kirby had discussed a possible

combination in February. The combined

two carriers would control about a third

of the US market. So there was a lot of

scrutin scrutiny over whether any deal

could get approved to begin with, but

that cold water is just putting out any

heat in the in the market this morning.

>> The Stock Movers Report from Bloomberg

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