USA Rare Earth, Iren, Novartis, Softbank: Trending Stocks

Rare earths companies CRML, MP, USA Rare Earth (USAR) and Lynas (LYC.AX, LYSDY, LYSCF, LYI.MU, LYIC.BE) fall on U.S.-China trade optimism. Softbank (9984.T, 3AG1.F, SFTBY, SFT.VI, SFTU.SG) approves the final chunk in one of the biggest ever AI investments: $22.5 billion in OpenAI. IREN, the crypto miner now providing computing power for AI, is up around 900% in six months. Novartis (NVS, NOVN.SW, NOT.F, NOT.MU, NOVNN.MX) plans to acquire a Californian biotech firm (RNA) for $12 billion. And Porsche (PAH3.DE, 1PORS.MI, POAHY) follows GM and Ford (F) in shifting its strategy away from EV's.

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Video Transcript

00:04 Speaker A

It's time now for today's trending tickers.

00:06 Speaker A

We have critical minerals, AI bets and a major pivot in the auto world.

00:11 Speaker A

Let's start with a quick check on mining and rare earths companies, which are particularly exposed to US-China talks this week.

00:17 Speaker A

Critical Minerals, MP materials and Linus Rare Earths are all falling, continuing their big swings that have been tracking the UPS, up sorry, tracking the ups and downs of US-China trade negotiations.

00:29 Speaker A

That's a clear reminder that China still very much has the upper hand when it comes to the rare earths powering our electronics.

00:38 Speaker A

And while we're on mining, I want to give you a heads up that some crypto miners are continuing their stunning rise as many of them have been pivoting to providing computing power for artificial intelligence.

00:46 Speaker A

Look at Iren, it's up about 900% in six months and rising more this morning.

00:54 Speaker A

Now, staying with tech and AI, the Japanese stock that's placing another giant bet on America's technology, Softbank, the Japanese investment fund is up more than 6% in today's trade, helping to lift the Nikkei to new records.

01:05 Speaker A

The conglomerate has green lit the remaining 22 and a half billion dollar to complete a 30 billion dollar investment in Open AI.

01:15 Speaker A

That's one of the largest private tech funding rounds ever.

01:18 Speaker A

And I'm starting to wonder whether Open AI might be preparing for an IPO there.

01:21 Speaker A

Okay, next up, another blockbuster deal, but in Pharma this time.

01:26 Speaker A

Swiss giant Novartis is making a big move in biotech, agreeing to buy avidity biosciences for around 12 billion US dollars in cash.

01:34 Speaker A

That's a 46% premium for the California-based firm specializing in neuroscience.

01:41 Speaker A

Novartis shares are slightly lower this morning on the news.

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