00:06 Speaker A
Now time for some of today’s trending tickers. We are watching Eli Lily, Nvidia and Tesla. First up, Eli Lily, the pharma giant announcing a $5 billion investment in Virginia as it expands its domestic manufacturing. Joining us for more, our own Brooke De Palma. So, Eli Lily making this announcement. So many companies that have been making these kinds of announcements, right?
00:32 Speaker B
Do you even know that there’s a list on the White House.gov with all the investments?
00:35 Speaker A
I did not know that, but I see you have it pulled up.
00:37 Speaker B
Well, we have it pulled up. Yeah. And and you can see that this joins others like the Lake of Merk, AstraZeneca, Nova Nordisk, also making these major investments. And really this just goes to show that companies are jumping in saying that they’re willing to splurge or willing to spend and invest in manufacturing here in the US, especially because of these tariffs.
01:00 Speaker A
Right. Although many of them were already making these kinds of plans and announcements. What’s also interesting about this one from Eli Lily is it doesn’t seem like this will be a GLP one or or obesity, um drug manufacturing facility. Um this will be at least ingredients that are more targeted. It looks like um autoimmune diseases, lung cancer, so other types of of diseases.
01:31 Speaker B
Yeah, and I think also too, if you take a look at today’s retail sales print, we did see health and personal care stores spending their increase about 6.6%. It really jumped out year over year that is because it was one of the largest jumps. And I think they just goes to show that drug pricing and how much we essentially pay for these goods really has been a top focus not only for these companies but the administration. And so now Eli Lilly looking to get into this conversation with this investment.
02:00 Speaker A
Well, not only that, the jobs report also, I mean, healthcare has been one of the more um consistent growing parts of the job market even while other parts are are pulling back. So that’s something to keep an eye on as well. Um let’s also talk about Nvidia because Reuters is reporting the company is seeing uh tepid demand uh in China for its products, for its new chip in particular. This of course coming amid reporting the government told companies to avoid using its products and as China says that Nvidia vi- violated monopoly laws. Treasury Secretary Beson also saying he expressed his displeasure over that finding by China.
02:44 Speaker B
Yeah, and right now the stock isn’t really responding too heavily. It’s down about 1% in this pre-market trading. Of course, Nvidia has seen such growth year to date up more than 30%. But also this just reminds me of the interview that you did not too long ago with the CEO Jenson Wong. He said specifically that they have an opportunity to succeed in the China market if they would allow for American tech companies to be able to be to play there. And so I really think this is sort of a bigger conversation about how exactly these American led tech companies, AI companies play in this market and the way in which they do it that still boosts demand there, which essentially has really pulled back.
03:26 Speaker A
Yeah, and you know, this um lack of reaction today to this is is not necessarily surprising because we already knew that the Chinese government had sort of constrained the the demand for this chip there. So we’ll see um how
03:45 Speaker B
They didn’t include it in their forward-looking guidance. That was sort of expected.
03:47 Speaker A
Right exactly. Exactly. And finally, let’s talk about Tesla. US auto safety regulators have opened an investigation into whether some Tesla vehicle doors are defective, citing incidents in which exterior handles stopped working and trapped people inside the cars during um accidents, which is terrifying. Yeah.
04:16 Speaker B
Highly concerning. Yet the stock not reacting to this news.
04:20 Speaker A
Yeah.
04:20 Speaker B
The stock is up about 2% and that’s really because of this ongoing momentum that we saw on Monday’s trading session after Elon Musk purchased 2.6 million shares of the company, the most since 2020 worth about $1 billion. And also this just goes to show that the momentum behind Tesla, especially with now Elon Musk really jumping back in, showing his loyalty, his position within the company, his focus on the company, has investors excited that they’re willing to just sort of put aside this other noise around the company.
05:01 Speaker A
I guess I mean this is I don’t know if it’s noise or not, but specifically by the way, this is the 2021 model year model Y um where this investigation is happening. So we’ll see how that plays out.
05:20 Speaker B
Yeah, they they said that a child may not be able to access or operate the releases even if the vehicle’s driver is aware of them. So essentially once a person walks out, they may have a hard time getting access back in. I mean, there’s just so many concerns around this report. They also said that within this report from Bloomberg, they said that um in China, a top regulator is reportedly considering a ban on those fully concealed door handles. And can I just say Julie, sometimes I even have trouble opening up those concealed door handles. And so I’d be interesting to see where this ends up rolling out to be.
05:58 Speaker A
Sometimes a car doesn’t have to look cool, it just has to work.
06:01 Speaker B
Just has to drive us to the place.
06:03 Speaker A
And let us out when we got to get out of the out of it. All right, thanks Brooke. Well, you can scan the QR code below to check the best and worst performing stocks with Yahoo Finance’s trending tickers page.
