1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,000 --> 00:00:20,000 Speaker 3: Let's take a look now at some of the stocks 5 00:00:20,000 --> 00:00:22,480 Speaker 3: on the move today in Europe. We're joined by Bloomberg's 6 00:00:22,480 --> 00:00:25,119 Speaker 3: equities reporter Joe Easton. And Joe We're starting with a 7 00:00:25,160 --> 00:00:28,319 Speaker 3: company making overtures to the US as tariffs by to 8 00:00:28,320 --> 00:00:29,120 Speaker 3: their share prices. 9 00:00:29,120 --> 00:00:32,600 Speaker 1: Responding yes, Nevartis announcing that it's going to spend twenty 10 00:00:32,600 --> 00:00:36,120 Speaker 1: three billion dollars over five years to boost their production 11 00:00:36,200 --> 00:00:39,720 Speaker 1: facilities in the United States, So a couple of different 12 00:00:40,120 --> 00:00:43,920 Speaker 1: factories being built over there, including in San Diego in California, 13 00:00:43,920 --> 00:00:49,120 Speaker 1: potentially creating around one thousand jobs across the country. Now, 14 00:00:49,200 --> 00:00:52,360 Speaker 1: this of course comes as Trump continues to threaten tariffs 15 00:00:52,400 --> 00:00:55,560 Speaker 1: on pharmaceuticals very shortly, but continues to give us very 16 00:00:55,560 --> 00:00:57,920 Speaker 1: little details on what that would look like. But we 17 00:00:57,960 --> 00:01:00,840 Speaker 1: have seen the sector dropping races. This is kind of 18 00:01:00,920 --> 00:01:03,280 Speaker 1: Novartis saying, well, we're going to make plans just in 19 00:01:03,360 --> 00:01:05,600 Speaker 1: case we need to make all our drugs in the 20 00:01:05,680 --> 00:01:08,600 Speaker 1: US instead of importing them over the border, and actually 21 00:01:08,680 --> 00:01:11,720 Speaker 1: the market quite liking this news. Nev Artist stock up 22 00:01:11,720 --> 00:01:14,840 Speaker 1: around two and a half percent today, but on a 23 00:01:14,840 --> 00:01:17,520 Speaker 1: one month basis down almost ten percent, which is a 24 00:01:17,520 --> 00:01:20,920 Speaker 1: big move for such a massive company. Therefore, maybe just 25 00:01:20,959 --> 00:01:23,600 Speaker 1: trimming a bit of the decline today and Joe tariffs 26 00:01:23,640 --> 00:01:29,200 Speaker 1: and the impact on the global economy. Not pumping everyone up, No, 27 00:01:29,400 --> 00:01:33,759 Speaker 1: not explain the pun that you're pumping, well pumping, I'll 28 00:01:33,840 --> 00:01:37,559 Speaker 1: drill down into this one on BP. But so BP 29 00:01:37,959 --> 00:01:42,240 Speaker 1: warning off rising debt and mid lower output and weak 30 00:01:42,280 --> 00:01:46,800 Speaker 1: gas trading. So as actually we were, We've been discussing 31 00:01:46,840 --> 00:01:49,160 Speaker 1: a lot on the show the oil price decline, and 32 00:01:49,200 --> 00:01:53,160 Speaker 1: this feeding through into a training update from BP, BP 33 00:01:53,760 --> 00:01:57,280 Speaker 1: saying that because of the weaker production in oil and 34 00:01:57,320 --> 00:02:00,800 Speaker 1: therefore the weaker profits, their net debt actually hitting four 35 00:02:00,840 --> 00:02:04,200 Speaker 1: billion dollars at the moment, which is a lot of cash, 36 00:02:04,240 --> 00:02:07,640 Speaker 1: of course, And I've seen an initial reaction here from 37 00:02:07,840 --> 00:02:11,880 Speaker 1: UBS analysts downgrading the stock. They no longer recommend buying, 38 00:02:11,880 --> 00:02:14,480 Speaker 1: and they say that the weak oil price will continue 39 00:02:14,520 --> 00:02:17,360 Speaker 1: to push up that debt level. And therefore BP a 40 00:02:17,440 --> 00:02:21,519 Speaker 1: significant underformer today down two point seven percent. Another stock 41 00:02:21,800 --> 00:02:24,400 Speaker 1: that's been hit hard on a one year basis, BP 42 00:02:24,600 --> 00:02:27,480 Speaker 1: down thirty five percent. It's been a massive drop for 43 00:02:27,520 --> 00:02:30,440 Speaker 1: that stock and a bit of activist pressure for them 44 00:02:30,440 --> 00:02:31,440 Speaker 1: to turn the business around. 45 00:02:32,200 --> 00:02:34,680 Speaker 3: And Dealer and Odeal seems to be a game that's 46 00:02:34,720 --> 00:02:38,960 Speaker 3: back in voguas Levies, Royal Markets, Yep Deal or No. 47 00:02:39,080 --> 00:02:42,679 Speaker 1: Deal a bit shout out for Noel, Edmunds, Reckitt, Benkis 48 00:02:42,760 --> 00:02:46,000 Speaker 1: and now reck It around a year ago said they 49 00:02:46,040 --> 00:02:49,880 Speaker 1: wanted to sell their household product business, which owns all 50 00:02:49,960 --> 00:02:53,480 Speaker 1: our favorite brands like Aerwick and sille Bang. Now Reckitt 51 00:02:53,600 --> 00:02:56,799 Speaker 1: wanted six billion quid for this unit. However, according to 52 00:02:56,840 --> 00:02:59,720 Speaker 1: our Bloomberg Deal's team, they've got a really good exclusive 53 00:02:59,720 --> 00:03:03,640 Speaker 1: on this, saying that the investors that are looking to 54 00:03:03,680 --> 00:03:06,160 Speaker 1: bid so this is companies like Lone Star, ad Ventoven, 55 00:03:06,200 --> 00:03:09,200 Speaker 1: Private Ecty. They're only willing to fork out four billion 56 00:03:09,280 --> 00:03:12,040 Speaker 1: for it, so almost two billion pounds less than what 57 00:03:12,080 --> 00:03:15,600 Speaker 1: Recit wanted. So sillip Bang essentially not worth as much 58 00:03:15,720 --> 00:03:18,120 Speaker 1: as Recit had thought and Recor was a bit of 59 00:03:18,120 --> 00:03:21,600 Speaker 1: an underformer in early trading today slipping only very slightly, 60 00:03:21,720 --> 00:03:23,920 Speaker 1: but they're not getting as much cash as they wanted 61 00:03:23,960 --> 00:03:24,800 Speaker 1: to for that business. 62 00:03:26,160 --> 00:03:30,280 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 63 00:03:30,360 --> 00:03:33,119 Speaker 2: us throughout the day for the latest roundup of companies 64 00:03:33,160 --> 00:03:36,240 Speaker 2: making news on Wall Street and for the latest market 65 00:03:36,240 --> 00:03:40,640 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 66 00:03:40,680 --> 00:03:43,920 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 67 00:03:44,000 --> 00:03:45,440 Speaker 2: the Bloomberg Business app.