Apple Stock Surges, Eli Lilly Rallies, NRG Energy Jumps

On this episode of Stock Movers:

- Apple (APPL) shares are up. This comes after President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year. Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with the matter whom it didn’t identify. The company is exploring whether to “couple” price increases with new features and designs, while trying to avoid the perception that any hikes are tied to US tariffs, the Journal reported. Apple didn’t respond to Bloomberg’s request for comment.

- Eli Lilly (LLY) are up in after hours trading. Earlier today, President Donald Trump said he plans to slash drug prices for Americans by more closely aligning their costs to lower prices paid abroad, renewing and expanding upon a failed push from his first term. Trump aims to do so by bringing drugmakers to the negotiating table. He signed an executive order Monday asking them to lower prices voluntarily or else face regulatory measures. The President, however, said Eli Lilly is not going to be tariffed because the pharmaceutical company is building in the US.

- NRG Energy (NRG) shares are up after the company agreed to acquire a fleet of natural gas-fired power plants from LS Power Equity Advisors LLC for about $12 billion including debt, betting the fuel will be crucial to meet electricity demand from data centers. The cash-and-stock deal calls for NRG to buy 18 gas-fired facilities from LS with a combined capacity of about 13 gigawatts, the companies said Monday in a statement. That’s enough to power about 10.4 million homes.

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios Podcasts, radio News.

Speaker 2 (00:08):
The Stock Movers podcast, your roundup of companies making moves
in the stock market, harnessing the power of Bloomberg Data.

Speaker 1 (00:18):
Carol Masser along with Matt Miller, let's tak look at
some stocks on the move on this Monday. Bloomberg News
crossse At reporter Emily Graffeo in the house with Stock Movers,
and let's start with one of the Mags seven. The
Max seven did well today.

Speaker 3 (00:30):
Yes, overall the Mag seven did well. One stock, specifically, Apple,
did very well. It closed up over six percent. Apple
was one of the hardest hit Mag seven stocks after
the Liberation Day tweet because they get a lot of
their manufacturing in China. So that stock is still actually
down fifteen percent year to date, but today it moved

(00:53):
up on this broader rally. It also, I think moved
up based on potentially some news that they're going to
be raising prices. So the Wall Street Journal scooped earlier
this morning, but they're considering raising iPhone prices for the
fall lineup. Why are you making that noise because was
it really a scoop?

Speaker 4 (01:10):
I mean, Mark German has already ratten this before today,
so we'reg news.

Speaker 3 (01:15):
I'll give Bloomberg the credit, and I'm going to shout
out Mark German in another moment too, because he's been
talking about this. He's been talking about this for a while,
so we've been monitoring, like, are they going to raise prices?
German writes that since twenty seventeen, the flagship iPhone model
has been nine hundred and ninety nine dollars, Like they
haven't raised.

Speaker 4 (01:33):
The price of it for for the unchanged plane vanilla
version that no one buys.

Speaker 3 (01:39):
Yeah, right, So I don't know. I always have like
the oldest iPhone.

Speaker 4 (01:42):
Okay, So there's three kinds of people in this world.
There's the kind of person that has the oldest iPhone
and doesn't ever buy a new one. Yeah, There's the
kind of person that buys the new one but buys
the se which is then the cheapest iPhone. And then
there's the kind of person who buys the newest and
most advanced iPhone, which is the pro. But I don't
know anyone who buys the plain, old, unchanged, same price

(02:06):
iPhone since twenty seventeen.

Speaker 1 (02:08):
So you're saying it's not an important metric.

Speaker 4 (02:10):
No, I just think we say they haven't raised prices,
and it's not like they haven't raised prices. They have,
but they do it by offering a different iPhone with
an advanced camera, a different iPhone with AI capabilities, a
different iPhone that's way bigger. And that's how they continue
to raise prices. But they make it look like they
haven't because they still officially sell the same one since

(02:30):
twenty seventeen.

Speaker 3 (02:31):
Yet that's true. Well, they also they're trying to backtrack
away from tariffs and say that this isn't like a
pass through and that this is going to be there's
going to be new features, new designs. There's another German
scoop that they're also considering. They're going to be building
out a battery optimization model where they use AI to

(02:53):
make your battery usage more efficient. Hell, but I would
say overall the move was really related to just positive
tariff development. I would say so too, right.

Speaker 1 (03:01):
Their exposure uh in a big way.

Speaker 4 (03:03):
By the way, our producer Elizabeth Cedron said she actually
does buy the Plaine Vanilla entry level iPhone every time.
So I bet there's now I do know someone who
does that exactly more.

Speaker 1 (03:16):
Elizabeth Cedron's out there I'll do the same thing. I'm
just going to say, I mean, not like her, but
you know similar.

Speaker 3 (03:20):
No one is like her.

Speaker 1 (03:21):
No, there is no one like her.

Speaker 3 (03:24):
Eli Lily. Let's Eli Lily healthcare stocks went on a
ride today. They were lower. Initially it was wacky, it
was who was going to put it out there? But
the most recent news is that Trump said Eli Lily
is not going to be tariffed because the pharmaceutical company
is building in the US. So earlier he had said

(03:45):
he had plans to order a cut in US prescription
drug costs by mandating that Americans pay no more than
people in countries that have the lowest price, So drug
calls lower, not good for pharmaceutical stocks. But then there
was a turnaround and we saw Eli Lily finish the
day up almost three percent.

Speaker 1 (04:05):
Right now, Can we also just point out that it
wasn't as onerous I think that as everybody thought, and
so I thought the whole farmer space was going to
be smacked down, but they weren't.

Speaker 3 (04:15):
No, they really weren't. Yeah, a lot of other farmer
companies also kind of as Eli Lily rallied throughout the day,
they also moved on.

Speaker 4 (04:22):
I think It could partially be because the President kind
of hedged when he was about to sign that EO.
He said, what they need to do is get more
money from others, and that meant he's going to use
tariffs against the others if they don't pay the drug
makers more. Okay, what's the other stock?

Speaker 3 (04:41):
Finally, I'm looking at NRG Energy. I don't know. I
tried to pick something not terror for related.

Speaker 2 (04:46):
I love this.

Speaker 3 (04:47):
I talked about it too throughout the day.

Speaker 4 (04:49):
He gained on the S and P five hundred.

Speaker 3 (04:51):
Is that record high? It was up twenty six percent. Today.
They agreed to acquire a fleet of natural gas fired
power plants for about twelve billion dollars. And watch this
space because a lot of the energy space is getting
a boost from AI on this idea that as more

(05:12):
there's the need for artificial intelligence grows, the need for
power to actually power all of the data centers.

Speaker 1 (05:17):
Somebody has to power Matt's chat gibt.

Speaker 3 (05:20):
So we got to keep this going using that a lot.

Speaker 4 (05:22):
Matt, Yeah, I do use it a lot actually, Like
his new.

Speaker 2 (05:24):
Buddy the Stock Movers podcast from Bloomberg Radio, check back
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