1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,239 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:18,000 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,000 --> 00:00:20,560 Speaker 3: today in Europe. I'm Stephen Carroll with Tom McKenzie and 6 00:00:20,600 --> 00:00:23,479 Speaker 3: we're joined by Bloomberg reporter Chloe Melee. Chloe, good morning. 7 00:00:23,560 --> 00:00:26,680 Speaker 3: Let's start then with the mining company Fresnillo gaining this morning. 8 00:00:26,680 --> 00:00:27,240 Speaker 3: Tell us more. 9 00:00:27,720 --> 00:00:30,120 Speaker 4: Yeah, a couple of positive things for Fresnela this morning. 10 00:00:30,240 --> 00:00:32,400 Speaker 1: So first of all, it got upgraded to a bio 11 00:00:32,479 --> 00:00:36,120 Speaker 1: rating by HSBC, and it's also benefiting from a real 12 00:00:36,159 --> 00:00:39,120 Speaker 1: big rally in gold and silver. So silver hit the 13 00:00:39,200 --> 00:00:42,680 Speaker 1: highest level in decades because a short squeeze in London 14 00:00:42,680 --> 00:00:45,800 Speaker 1: boosted what was already a really massive rally this year. 15 00:00:46,120 --> 00:00:48,120 Speaker 1: And then gold, which last week saw a little bit 16 00:00:48,120 --> 00:00:50,880 Speaker 1: of a dip because of traders exiting their positions to 17 00:00:50,960 --> 00:00:53,600 Speaker 1: kind of lock in those profits, have suched again to 18 00:00:53,760 --> 00:00:58,400 Speaker 1: another record. And because Fresnio operates both gold and silver mines, 19 00:00:59,080 --> 00:01:01,480 Speaker 1: when there is a lot of bester enthusiasm around those 20 00:01:01,560 --> 00:01:04,720 Speaker 1: precious metals, it's always really reflected in the shares. You know, 21 00:01:04,800 --> 00:01:08,080 Speaker 1: shares in Fresno are up more than three hundred percent 22 00:01:08,319 --> 00:01:08,920 Speaker 1: a year today. 23 00:01:08,959 --> 00:01:11,199 Speaker 4: It's been seeing a really massive rally. 24 00:01:11,920 --> 00:01:14,680 Speaker 1: The trade tensions in the US government shutdown have driven 25 00:01:14,720 --> 00:01:17,680 Speaker 1: this rush towards safe Haven. So this may continue because 26 00:01:17,720 --> 00:01:20,120 Speaker 1: we get we've gotten now further US China attention. 27 00:01:20,240 --> 00:01:22,840 Speaker 4: The US government shutdown is still ongoing, so. 28 00:01:23,040 --> 00:01:25,440 Speaker 1: We're likely to see a continuation of this and that 29 00:01:25,520 --> 00:01:26,279 Speaker 1: will be benefit. 30 00:01:26,360 --> 00:01:27,880 Speaker 4: Presnio are going forward. 31 00:01:28,200 --> 00:01:31,080 Speaker 3: And in the drug space, Astro Seneca rebounding struting a 32 00:01:31,120 --> 00:01:32,160 Speaker 3: deal with the Trumpe administration. 33 00:01:32,240 --> 00:01:34,959 Speaker 4: What are the details and how significant is this hook 34 00:01:35,000 --> 00:01:35,600 Speaker 4: for that company? 35 00:01:35,640 --> 00:01:37,840 Speaker 1: It is quite significant, So it will be cutting prices 36 00:01:37,840 --> 00:01:39,880 Speaker 1: on some of its key drugs in exchange for a 37 00:01:39,920 --> 00:01:42,880 Speaker 1: bit of tariff relief. So this follows essentially the template 38 00:01:42,880 --> 00:01:45,240 Speaker 1: that we saw with Paiza a couple of weeks ago. 39 00:01:45,640 --> 00:01:47,800 Speaker 1: The deal means that asha Zeneca will launch all of 40 00:01:47,800 --> 00:01:50,520 Speaker 1: its new medicines in the US at the lowest prices 41 00:01:50,560 --> 00:01:53,720 Speaker 1: that were offered to other countries, and it also provides 42 00:01:53,880 --> 00:01:59,080 Speaker 1: medicines to the Medicaid health insurance program at highly discounted prices. 43 00:01:59,360 --> 00:02:01,560 Speaker 1: It will also expand the number of products sold through 44 00:02:01,600 --> 00:02:05,040 Speaker 1: its direct to consumer website at what Trump described as 45 00:02:05,120 --> 00:02:08,520 Speaker 1: heavily reduced costs, and also make those medicines available on 46 00:02:08,560 --> 00:02:11,440 Speaker 1: the trump Arex website once it launches, which is this 47 00:02:11,520 --> 00:02:14,640 Speaker 1: platform that will launched in early twenty twenty six where 48 00:02:14,919 --> 00:02:18,320 Speaker 1: American consumers will be able to buy prescription drugs directly 49 00:02:18,360 --> 00:02:21,480 Speaker 1: from those pharmaceutical companies. So this is not the first 50 00:02:21,480 --> 00:02:23,960 Speaker 1: time that AstraZeneca has been really proactive and trying to 51 00:02:23,960 --> 00:02:26,360 Speaker 1: appease Trump. We remember that it was one of the 52 00:02:26,400 --> 00:02:30,280 Speaker 1: first companies to announce a major investment in manufacturing facilities 53 00:02:30,280 --> 00:02:33,040 Speaker 1: in the US. The plan is for fifty billion dollars 54 00:02:33,080 --> 00:02:36,120 Speaker 1: of that investment in the country, and you know this 55 00:02:36,240 --> 00:02:39,639 Speaker 1: will put probably pressure on other drug makers to continue 56 00:02:39,680 --> 00:02:42,640 Speaker 1: into in that path and to make those very similar 57 00:02:42,720 --> 00:02:44,720 Speaker 1: deals with Trump as well going forward. 58 00:02:45,560 --> 00:02:49,920 Speaker 3: Okay, and next to the front, cable manufacturer Exiles dropping 59 00:02:50,000 --> 00:02:51,760 Speaker 3: those shows after announcing and UCEO. 60 00:02:52,360 --> 00:02:55,639 Speaker 1: Yeah, so it's a surprise exit of the CEO effective immediately. 61 00:02:55,639 --> 00:02:58,560 Speaker 1: So JP Morgan said that the management shakeup came as 62 00:02:58,600 --> 00:03:01,240 Speaker 1: a big surprise because it comes just a couple of 63 00:03:01,240 --> 00:03:04,440 Speaker 1: months after the announcement that the deputy CEO and the 64 00:03:04,440 --> 00:03:07,600 Speaker 1: CFO would be stepping down as well. They said that 65 00:03:07,680 --> 00:03:11,160 Speaker 1: the outgoing CEO had been an outspoken CEO who had 66 00:03:11,200 --> 00:03:15,240 Speaker 1: completely transformed the equity story of Nixon's, so it seems 67 00:03:15,240 --> 00:03:18,400 Speaker 1: that there was a lot of confidence in that CEOs. 68 00:03:18,400 --> 00:03:19,880 Speaker 4: Desparture is not really welcomed. 69 00:03:20,320 --> 00:03:23,360 Speaker 1: JP Morgan analysts also said that the new CEO, Julia Hooper, 70 00:03:23,480 --> 00:03:26,880 Speaker 1: is a new face and therefore they didn't really know 71 00:03:26,960 --> 00:03:29,480 Speaker 1: how he is going to perform. Just last week, the 72 00:03:29,480 --> 00:03:32,040 Speaker 1: company had another tough day as well because it got 73 00:03:32,040 --> 00:03:36,600 Speaker 1: downgraded by BNP Parabaut, with the analysting that they expect 74 00:03:36,640 --> 00:03:40,200 Speaker 1: a really massive deceleration of earnings growth from next year. 75 00:03:40,600 --> 00:03:42,280 Speaker 1: So there seems to be quite a lot of turmoil 76 00:03:42,320 --> 00:03:45,360 Speaker 1: here for Nexceens, and this management shakeup is not. 77 00:03:45,480 --> 00:03:48,320 Speaker 4: Being received very warmly by the market, it seems. 78 00:03:49,680 --> 00:03:53,720 Speaker 2: The stock mover's report from Bloomberg Radio check back with 79 00:03:53,800 --> 00:03:56,360 Speaker 2: us throughout the day for the latest roundup of companies 80 00:03:56,440 --> 00:03:59,480 Speaker 2: making news on Wall Street and for the latest market 81 00:03:59,520 --> 00:04:03,400 Speaker 2: moving had lines. 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