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Speaker 1: Bloomberg Audio Studios, podcasts, radio.

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Speaker 2: News, The Stock Movers Report, your roundup of companies making

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Speaker 2: moves in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move

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Speaker 3: today in Europe. I'm Stephen Carroll and I'm joined by

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Speaker 3: Bloomberg's Breaking News editor Louise Know and Louise good morning.

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Speaker 3: Let's start in Italy with Mediobanker shares rising this morning.

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Speaker 1: Why that's after their board has essentially approved plans to delist,

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Speaker 1: so they're going to d list the investment bank. That's

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Speaker 1: after it was acquired last year for seventeen billionaires by

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Speaker 1: montepascy so I created Italy's third last largest lender by assets.

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Speaker 1: And now this is the next step, so it's being

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Speaker 1: fully integrated, so both banks coming together. As you say,

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Speaker 1: Media Banker shares rose. They are off about nine percent

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Speaker 1: in Milan this morning. ANALYSSA A isentally saying, you know,

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Speaker 1: this next step should help both of the banks maximize

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Speaker 1: their potential to the focus now is how they're going

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Speaker 1: to execute on that merger, how they're going to deliver

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Speaker 1: on cost savings that were promised as part of that merger.

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Speaker 1: So yeah, investors taking it well, as this next step

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Speaker 1: happens to delist media banker.

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Speaker 3: That's a media banker.

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Speaker 2: Let's go to buyer.

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Speaker 3: And next the German chemicals company is we're seeing their

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Speaker 3: shares this morning lower after some news around settlements. This

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Speaker 3: is to do with the lawsu itself roundup weed killer.

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Speaker 1: Yeah, indeed, so they've agreed to pay more than seven

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Speaker 1: billion dollars as part of this. This is them trying

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Speaker 1: to resolve, as you say, these cases over the weed

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Speaker 1: killer that is to do with it with it being

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Speaker 1: linked to cancer. So this is both current and future lawsuits.

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Speaker 1: So they're trying to resolve. They're so seven billion dollars,

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Speaker 1: you know, assessment plan, moving on. It's been really hitting

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Speaker 1: the company for years. It's been something that's been been

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Speaker 1: going along for years and really been hitting Bear. So

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Speaker 1: paying this and as you say, shares shares felled today

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Speaker 1: that they fell about seven percent. They had actually risen

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Speaker 1: by a similar amount yesterday afternoon after this news and

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Speaker 1: then and then as I say, falling this morning. One

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Speaker 1: comment was saying that, you know, it is likely the

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Speaker 1: best possible outcome, but it's not necessarily the breakthrough that

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Speaker 1: investors had hoped for, So maybe that explains that the

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Speaker 1: change in that share price reaction. And there's also the

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Speaker 1: kind of added challenge around this, and as this all

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Speaker 1: settles in one limiting the financial burden on the company,

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Speaker 1: but also making the compensation good enough essentially to prevent

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Speaker 1: more or renewed litigation going forward. So a bit of

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Speaker 1: a mixed picture there, but settling that for Bear.

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Speaker 3: Yeah, of course this is one that has been a

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Speaker 3: long running story for company, so one to think about

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Speaker 3: this morning. We're going to turn next to Raspberry Pie,

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Speaker 3: the computer maker. Shares have risen sharply and been halted

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Speaker 3: at some stages for volatility this morning. Louise at what's

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Speaker 3: going on?

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Speaker 1: Yeah, a really interesting one, apologies, a really interesting one

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Speaker 1: today thirty three percent rasby Pie. Yesterday they had their

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Speaker 1: best one day performance since twenty twenty four IPO since

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Speaker 1: they listened in twenty twenty four. They're up about ninety

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Speaker 1: percent in the week, so they've now got a valuation

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Speaker 1: of about one billion pounds. And the trigger around this

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Speaker 1: is a social media post, so it's saying that some

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Speaker 1: AI agents could drive demand for the type of computers

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Speaker 1: that Rosby Pie makes, so they're seeing Rosby Pie as

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Speaker 1: the kind of ideal hardware platform for these AI agents,

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Speaker 1: so causing the stock to saw this is this is happening,

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Speaker 1: as I say, through the whole week. There's also a

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Speaker 1: bit of play here of short sellers closing their negative bets.

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Speaker 1: Also as a result of this, it had been one

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Speaker 1: of the most shorted stocks in Europe, so they're closing

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Speaker 1: those negative bets. And there was a note from Jeffrey saying,

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Speaker 1: you know that all this chatter on social media could

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Speaker 1: support further upside. So we're keeping an eye see if

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Speaker 1: these games will continue. But quite a remarkable week so

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Speaker 1: far from usby Pie.

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Speaker 2: This stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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