Ferrari Falls After Disappointing Reviews; Eli Lilly to Buy Three Vaccine Companies; Uber...

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115 segments

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Bloomberg Audio Studios. Podcasts,

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radio, news.

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>> The Stock Movers Report, your roundup of

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companies making moves in the stock

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market, harnessing the power of

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Bloomberg data. Let's take a look at

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some stocks on the move today. Hey, I'm

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Nathan Hager joined by Bloomberg's Dan

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Curtis kicking off a holiday shortened

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trading week with a lot of green on the

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screen as far as the indexes go, but not

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so if you're a Ferrari investor. What

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What happened with Ferrari? Dan, good

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morning.

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>> Good morning, Nathan. That's right.

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Investors putting up some red lights

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this morning. Uh, the Ferrari is down 3%

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in the premium market under ticker RACE.

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And the Italian luxury automaker

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unveiled a $640,000

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car called the Loose. It's the company's

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first fully electric vehicle, but it is

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getting panned by critics. The car was

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revealed in Rome on Sunday, and the

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design is being compared with mass

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market cars like the Nissan Leaf, which

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is not something you want to hear if

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you're going to be spending over half a

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million dollars on a car. Under the hood

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though, it's a little bit different. Uh

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there's nearly there's over a thousand

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horsepower or the electric equivalent

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goes from zero to over 60 in under two

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and a half in two and a half seconds at

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a top speed of about 200 mph. So while

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they haven't been driven yet, the

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outside is not looking good. Uh and

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while they say don't judge a book by a

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cover, that's uh that cover is hitting

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the Ferrari shares this morning.

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>> Oh well. Well, uh, it is, uh, not

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Monday, but it kind of feels like one,

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uh, since we're coming back to work, and

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we're seeing some deal news across the

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tape. Uh, tell us about what's happening

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with Eli Liy. Ticker LLY is up 1 and

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a.5% in the pre-market and that is as

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the company agrees to acquire three

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vaccine developers. The company told the

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Wall Street Journal, "The acquisitions

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will be announced later today and worth

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up to nearly $4 billion." All in the

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weight loss drug maker is pushing into

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disease prevention which has not been

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the focus for a while. This is as it

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comes off a big win from its GLP1s

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Monuro and Zepbound the weight loss

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drugs. Uh and they is putting the cash

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to work to diversify the portfolio.

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Those three companies are private so

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we're not seeing any equity reaction

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from those.

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>> All this comes of course uh after we got

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a lot of deal news potentially from Uber

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over the weekend. looks like they want

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to expand into more of the European

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market.

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>> Yeah, and shares are up 1% on Uber. Um,

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it is looking to take over Delivery Hero

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in what could be a 12 billion deal. Uh,

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Uber already owns 20% of the German

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company and it's offering $33 per share,

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which is not much more than where it's

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trading out before reports of this deal

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came out. Uh, Deal Delivery Hero itself,

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it's been conducting a strategic review

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of its assets. So Uber coming in

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offering to buy up the other 80%. That

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said, with only a few penny premium to

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this, uh this may pose opportunities for

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rival bids. So Uber right now pretty

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well muted 1% up.

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>> No, we can't say that uh space related

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stocks are muted while we uh wait for

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what could be the biggest IPO ever from

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SpaceX. Uh get us the update on space

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stocks, Dan.

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>> Yeah, so these are taking off in

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pre-market again though. These were

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these have already been flying up as uh

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we have SpaceX IPO coming up. Companies

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like Redwire ticker RD RDW is up nearly

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15%. Rocket Lab RKLB up 5%. A space

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mobile up nearly 6% in pre-market. Uh

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SpaceX, you know, in the filings it said

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it sees a two 28.5 trillion total

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addressable market across its

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businesses. So kind of that valuation,

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that level of talk is helping support

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these other stocks. Also, you know, it's

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drawing more interest uh especially with

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all this news coming out. More interest

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from investors. A halo effect there and

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investors are searching for the next

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market winner. They are buying a lot

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this morning. The Stock Movers Report

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Interactive Summary

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The Stock Movers Report highlights market movements at the start of a holiday-shortened week. Key stories include Ferrari's shares falling due to mixed reactions to their new $640,000 electric vehicle, Eli Lilly's $4 billion acquisition of three vaccine developers to diversify its portfolio, and Uber's potential $12 billion takeover of Delivery Hero. Additionally, space-related stocks are surging, fueled by anticipation surrounding a potential SpaceX IPO.