WEBVTT -  DBV Drug, SAP Fears, BP on Sanctions

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Now, let's take a look at some of the stocks

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<v Speaker 3>on the move this morning in Europe. I'm Caroline he

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<v Speaker 3>Get alongside Tom McKenzie. We're joined bub Blomberg Report to

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<v Speaker 3>claim Malay Chloe, good morning, Good morning.

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<v Speaker 1>It's the end of the year. Need I say that?

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<v Speaker 3>But you want to talk about peanuts that's at the

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<v Speaker 3>end of this year.

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<v Speaker 4>Yeah, absolutely so DVV, which is another company that I

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<v Speaker 4>had heard of before, but this is a French biotech

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<v Speaker 4>company and it's up more than forty percent this morning.

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<v Speaker 4>So massive jump for dBV because of its peanut allergy patch.

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<v Speaker 4>So they just published a result of a trial that

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<v Speaker 4>showed that their experimental skin patch helped to desensitize children's

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<v Speaker 4>children aged.

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<v Speaker 1>Four to seven who wore it for a year.

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<v Speaker 4>So this is a the big breakthrough in the management

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<v Speaker 4>of peanut allergies and so now it wants to seek

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<v Speaker 4>a US regulatory approval in the first half of twenty

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<v Speaker 4>twenty six.

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<v Speaker 1>So this is a successful trial.

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<v Speaker 2>That is the.

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<v Speaker 4>Combination of twenty years worth of work for dBV. It

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<v Speaker 4>had to redesign the patch, redesign the clinical trial itself

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<v Speaker 4>because of efforts that failed previously, but now it's finally

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<v Speaker 4>potentially has got a blockbuster on its hands. We're talking

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<v Speaker 4>obviously about a massive patient population of pen allergy. I

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<v Speaker 4>am part of it myself, but more than one point

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<v Speaker 4>two million children between the ages of one and seven

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<v Speaker 4>in the US in Europe are estimated to have a

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<v Speaker 4>peanut allergy.

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<v Speaker 1>So this is not a product that is for me,

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<v Speaker 1>but a product that could have been for me back

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<v Speaker 1>in the day. Okay, it could be quite a significant development.

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<v Speaker 3>Then.

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<v Speaker 1>Yeah, we're also watching very different space, watching the software

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<v Speaker 1>company one of the most valuable, if not the most

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<v Speaker 1>valable tech public listed tech companies in europ which is SAP,

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<v Speaker 1>in the spotlight after these comments from the US. So,

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<v Speaker 1>this announcement from the US regarding potential retaliation against European.

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<v Speaker 4>Yeah, absolutely so, SAP the biggest one, of course, but

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<v Speaker 4>we also had companies like Captain and I publicists in

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<v Speaker 4>DHR also moving a little bit lower this morning on

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<v Speaker 4>the back as you say, of the US administration as

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<v Speaker 4>singling out some potential targets for retaliation, So it's threatening

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<v Speaker 4>to impose fees or restrictions on European companies in response

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<v Speaker 4>to the EU planning to tax big American tech companies

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<v Speaker 4>like Meta and Google and Amazon, and so the US

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<v Speaker 4>is preparing an investigation that would allow it to impose

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<v Speaker 4>trade remedies, including tariffs. And so we've seen those shares

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<v Speaker 4>for those companies that were singled out moving a.

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<v Speaker 1>Little bit lower this morning, but they've not necessarily plunged, so.

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<v Speaker 4>That could indicate that perhaps those threats don't feel super concrete.

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<v Speaker 2>Yet.

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<v Speaker 4>We saw the same with Spotify actually, which was another

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<v Speaker 4>one of those companies that were singled out, headquartered in

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<v Speaker 4>Sweden but then listed in the US. So we saw

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<v Speaker 4>the impact of that news on the shares during the

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<v Speaker 4>US trading session, and the stock did fall quite a bit,

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<v Speaker 4>but then it those declines, so I just have to

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<v Speaker 4>kind of wait it out and see if those actually

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<v Speaker 4>come to be. But this is of course heightening existing

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<v Speaker 4>tensions between the US and the EU.

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<v Speaker 3>Yeah. Indeed, meanwhile, more action from President Trump and this

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<v Speaker 3>potential oil blockade has BP on the move.

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<v Speaker 4>Yeah, absolutely, So US ramping up pressure on Venezuela and

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<v Speaker 4>ordering the blockade of sanctioned oil tankers of the ghost

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<v Speaker 4>of Venezuela.

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<v Speaker 1>That has been said the price of cruden.

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<v Speaker 4>As a result, we've seen oil majors including a BP,

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<v Speaker 4>but also Shell Total Energies. We're also up this morning,

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<v Speaker 4>so or Venezuela is an OPEC member, but not one

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<v Speaker 4>with necessarily a massive influence or wait, so global markets.

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<v Speaker 1>Oil markets won't be massively affected.

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<v Speaker 4>But of course trade is trade on sentiment rather than

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<v Speaker 4>reality sometimes, and so we have seen those shares that

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<v Speaker 4>move higher this morning. What it doesn't do actually is

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<v Speaker 4>threatened to chuck off the livelihood of the economic economic

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<v Speaker 4>lifeblood of that country, which is already under massive pressure.

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<v Speaker 4>We'll see how that goes and what the impact will

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<v Speaker 4>be on that oil price and those oil companies as

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<v Speaker 4>a result.

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