Stock Movers: Ford, 23andMe, and GameStop Discussed by Bloomberg Analysts

Auto Tariffs Impact US Automakers

• 🚗 US automakers are experiencing declines after President Donald Trump announced a 25% tariff on auto imports, effective next week.
• 📉 Analysts predict Ford and General Motors will be the most impacted, with Ford down 2% and GM down nearly 7%.
• ⚡ In contrast, Tesla is up around 7% because its production facilities are located entirely within the US, insulating it from the tariffs.
• 💡 Rivian is also expected to fare better as 100% of its production is in the United States.

GameStop's Convertible Notes Offering

• 📉 GameStop shares dropped as much as 12%, marking their biggest intraday drop since September 11.
• 💰 This decline follows the company's announcement of a $1.3 billion convertible senior notes offering due in 2030.
• ⚠️ A Wedbush analyst expects the offering to "fall flat," questioning the investor value of converting to Bitcoin at a premium.
• 🔄 Yesterday, GameStop's board approved adding Bitcoin as a Treasury reserve asset, which had initially boosted shares.

23andMe's Data Sale Amid Bankruptcy

• 📈 23andMe shares surged dramatically, up as much as 147% intraday and still up 85% at the time of discussion.
• ⚖️ A bankruptcy judge has granted the company permission to sell its customers' medical and ancestry data, considered its most valuable asset in its insolvency case.
• 🗓️ A deadline of May 7 has been set for definitive offers for the data sale.
• 😟 The prospect of selling sensitive customer data has raised significant privacy concerns and anxieties online.