1 00:00:02,520 --> 00:00:08,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,840 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,160 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,760 --> 00:00:19,320 Speaker 3: Let's look at some of the stocks on the move 5 00:00:19,400 --> 00:00:22,279 Speaker 3: today here in europe're joined by Bloomberg's Equities Report at 6 00:00:22,360 --> 00:00:26,520 Speaker 3: Joe Eastern Joe high tariffs. Are they chipping away at 7 00:00:26,560 --> 00:00:30,000 Speaker 3: ASML's share price. We had their earnings out. 8 00:00:30,320 --> 00:00:33,120 Speaker 1: They are chipping away pretty significantly. We've got a SMEL 9 00:00:33,320 --> 00:00:36,720 Speaker 1: down around six percent. It was down at around eight 10 00:00:36,760 --> 00:00:40,320 Speaker 1: percent at the low. Is headed for its worst stock 11 00:00:40,360 --> 00:00:44,320 Speaker 1: decline in around six months. After the orders. The quarterly 12 00:00:44,360 --> 00:00:48,839 Speaker 1: bookings are well below expectations, signs of weakness in demand 13 00:00:49,159 --> 00:00:51,479 Speaker 1: for their chip machines. So these are machines that are 14 00:00:51,560 --> 00:00:54,120 Speaker 1: used to make chips that are then used in smartphones 15 00:00:54,120 --> 00:00:56,920 Speaker 1: and PCs. Of course, they did actually maintain their full 16 00:00:57,040 --> 00:01:00,200 Speaker 1: year guidance and said the AI demand remained strong, but 17 00:01:00,280 --> 00:01:03,160 Speaker 1: that hasn't made up for the weakness in the orders. 18 00:01:03,200 --> 00:01:07,640 Speaker 1: We're seeing peers falling as well, ASMI falling, b semi 19 00:01:07,959 --> 00:01:11,920 Speaker 1: vat Technoprobe, all the peers declining. Of course, there is 20 00:01:12,000 --> 00:01:16,800 Speaker 1: also the news from Nvidia facing potentially a multi billion 21 00:01:16,840 --> 00:01:19,959 Speaker 1: dollar hit as one of their important chips is not 22 00:01:20,000 --> 00:01:23,440 Speaker 1: going to be allowed to be sold into China following 23 00:01:23,560 --> 00:01:26,560 Speaker 1: a ruling by the Trump administration to that. Also weighing, 24 00:01:26,840 --> 00:01:30,240 Speaker 1: but a very negative day for chips and tech in general. 25 00:01:30,480 --> 00:01:34,240 Speaker 2: So misery there. Joe, is there trouble brewing for Heineken? 26 00:01:34,880 --> 00:01:38,199 Speaker 1: So I thought there was trouble brewing for Heineken initially 27 00:01:38,240 --> 00:01:41,800 Speaker 1: because the European sales at Heineken really bad. So the 28 00:01:41,840 --> 00:01:44,800 Speaker 1: beer volume in the last quarter down almost five percent, 29 00:01:45,200 --> 00:01:48,120 Speaker 1: America's down three point eight percent in the court, so 30 00:01:48,200 --> 00:01:51,840 Speaker 1: this is organic beer volume. But thankfully over in Asia 31 00:01:51,920 --> 00:01:54,520 Speaker 1: they're doing a lot of beer drinking. Asia Pacific organic 32 00:01:54,560 --> 00:01:57,800 Speaker 1: revenue actually smashing expectations up two and a half percent 33 00:01:57,880 --> 00:02:01,040 Speaker 1: almost and also in the the Middle East and Africa 34 00:02:01,080 --> 00:02:04,120 Speaker 1: region that was positive whereas it's expected to be negative. 35 00:02:04,160 --> 00:02:08,240 Speaker 1: So that is making up for the not so heavy 36 00:02:08,240 --> 00:02:11,320 Speaker 1: beer drinking in this region. And the stock actually up 37 00:02:11,360 --> 00:02:14,959 Speaker 1: two point nine percent at the moment, so yeah, offsetting 38 00:02:15,000 --> 00:02:17,560 Speaker 1: the weakness in our beer appetite over in Europe. 39 00:02:18,200 --> 00:02:21,480 Speaker 3: Okay, meanwhile, we've got a hot shot tell us about 40 00:02:21,520 --> 00:02:24,839 Speaker 3: a rare analyst call on no Vote nor disc. 41 00:02:25,120 --> 00:02:29,480 Speaker 1: Yes, so BNP perlobar Exine. Over in France, they are 42 00:02:29,520 --> 00:02:32,520 Speaker 1: starting coverage with Novo, so they have poached an analyst 43 00:02:32,600 --> 00:02:35,640 Speaker 1: from City. He's gone over to Xain and he's started 44 00:02:35,639 --> 00:02:38,359 Speaker 1: coverage on a load of stocks today. So Novo is 45 00:02:38,400 --> 00:02:41,600 Speaker 1: an underperformer. He is writing. This is Peter for Dults, 46 00:02:41,639 --> 00:02:45,160 Speaker 1: writing in a note that Novo's cash flow doesn't justify 47 00:02:45,200 --> 00:02:49,000 Speaker 1: its valuation, and there's questions about near term demand for 48 00:02:49,200 --> 00:02:53,960 Speaker 1: obesity injectibles, including whether Kagrisema, the new drug, is actually 49 00:02:53,960 --> 00:02:57,440 Speaker 1: going to raise the bar enough on an innovation level 50 00:02:57,760 --> 00:03:00,399 Speaker 1: as some of no Tho's patents actually forway. 51 00:03:00,800 --> 00:03:01,800 Speaker 2: Also, there's other. 52 00:03:01,680 --> 00:03:05,919 Speaker 1: Competition coming in in addition to Medicare access over in 53 00:03:05,960 --> 00:03:09,480 Speaker 1: the US tariff. Where's drug pricing under the Trump administration. 54 00:03:09,560 --> 00:03:12,880 Speaker 1: So essentially he's very negative. He has a streetload target 55 00:03:13,200 --> 00:03:15,440 Speaker 1: of four hundred and five Danish krona in the stock 56 00:03:15,760 --> 00:03:19,120 Speaker 1: is slipping again today. It's down around thirty percent for 57 00:03:19,360 --> 00:03:21,240 Speaker 1: the year, Still some way to go to hit his 58 00:03:21,320 --> 00:03:25,800 Speaker 1: price target, but Novo is underperforming. On that news today. 59 00:03:25,840 --> 00:03:30,000 Speaker 2: The Stock Movers podcast from Bloomberg Radio check back with 60 00:03:30,080 --> 00:03:32,840 Speaker 2: us throughout the day for the latest roundup of companies 61 00:03:32,880 --> 00:03:35,920 Speaker 2: making news on Wall Street and for the latest market 62 00:03:35,960 --> 00:03:40,320 Speaker 2: moving headlines, listen to Bloomberg Radio Live. 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