WEBVTT - Fresnillo Gains, AstraZeneca Rebounds, Nexans Drops

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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>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm Stephen Carroll with Tom McKenzie and

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<v Speaker 3>we're joined by Bloomberg reporter Chloe Melee. Chloe, good morning.

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<v Speaker 3>Let's start then with the mining company Fresnillo gaining this morning.

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<v Speaker 3>Tell us more.

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<v Speaker 4>Yeah, a couple of positive things for Fresnela this morning.

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<v Speaker 1>So first of all, it got upgraded to a bio

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<v Speaker 1>rating by HSBC, and it's also benefiting from a real

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<v Speaker 1>big rally in gold and silver. So silver hit the

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<v Speaker 1>highest level in decades because a short squeeze in London

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<v Speaker 1>boosted what was already a really massive rally this year.

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<v Speaker 1>And then gold, which last week saw a little bit

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<v Speaker 1>of a dip because of traders exiting their positions to

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<v Speaker 1>kind of lock in those profits, have suched again to

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<v Speaker 1>another record. And because Fresnio operates both gold and silver mines,

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<v Speaker 1>when there is a lot of bester enthusiasm around those

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<v Speaker 1>precious metals, it's always really reflected in the shares. You know,

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<v Speaker 1>shares in Fresno are up more than three hundred percent

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<v Speaker 1>a year today.

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<v Speaker 4>It's been seeing a really massive rally.

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<v Speaker 1>The trade tensions in the US government shutdown have driven

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<v Speaker 1>this rush towards safe Haven. So this may continue because

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<v Speaker 1>we get we've gotten now further US China attention.

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<v Speaker 4>The US government shutdown is still ongoing, so.

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<v Speaker 1>We're likely to see a continuation of this and that

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<v Speaker 1>will be benefit.

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<v Speaker 4>Presnio are going forward.

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<v Speaker 3>And in the drug space, Astro Seneca rebounding struting a

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<v Speaker 3>deal with the Trumpe administration.

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<v Speaker 4>What are the details and how significant is this hook

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<v Speaker 4>for that company?

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<v Speaker 1>It is quite significant, So it will be cutting prices

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<v Speaker 1>on some of its key drugs in exchange for a

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<v Speaker 1>bit of tariff relief. So this follows essentially the template

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<v Speaker 1>that we saw with Paiza a couple of weeks ago.

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<v Speaker 1>The deal means that asha Zeneca will launch all of

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<v Speaker 1>its new medicines in the US at the lowest prices

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<v Speaker 1>that were offered to other countries, and it also provides

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<v Speaker 1>medicines to the Medicaid health insurance program at highly discounted prices.

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<v Speaker 1>It will also expand the number of products sold through

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<v Speaker 1>its direct to consumer website at what Trump described as

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<v Speaker 1>heavily reduced costs, and also make those medicines available on

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<v Speaker 1>the trump Arex website once it launches, which is this

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<v Speaker 1>platform that will launched in early twenty twenty six where

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<v Speaker 1>American consumers will be able to buy prescription drugs directly

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<v Speaker 1>from those pharmaceutical companies. So this is not the first

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<v Speaker 1>time that AstraZeneca has been really proactive and trying to

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<v Speaker 1>appease Trump. We remember that it was one of the

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<v Speaker 1>first companies to announce a major investment in manufacturing facilities

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<v Speaker 1>in the US. The plan is for fifty billion dollars

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<v Speaker 1>of that investment in the country, and you know this

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<v Speaker 1>will put probably pressure on other drug makers to continue

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<v Speaker 1>into in that path and to make those very similar

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<v Speaker 1>deals with Trump as well going forward.

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<v Speaker 3>Okay, and next to the front, cable manufacturer Exiles dropping

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<v Speaker 3>those shows after announcing and UCEO.

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<v Speaker 1>Yeah, so it's a surprise exit of the CEO effective immediately.

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<v Speaker 1>So JP Morgan said that the management shakeup came as

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<v Speaker 1>a big surprise because it comes just a couple of

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<v Speaker 1>months after the announcement that the deputy CEO and the

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<v Speaker 1>CFO would be stepping down as well. They said that

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<v Speaker 1>the outgoing CEO had been an outspoken CEO who had

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<v Speaker 1>completely transformed the equity story of Nixon's, so it seems

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<v Speaker 1>that there was a lot of confidence in that CEOs.

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<v Speaker 4>Desparture is not really welcomed.

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<v Speaker 1>JP Morgan analysts also said that the new CEO, Julia Hooper,

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<v Speaker 1>is a new face and therefore they didn't really know

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<v Speaker 1>how he is going to perform. Just last week, the

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<v Speaker 1>company had another tough day as well because it got

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<v Speaker 1>downgraded by BNP Parabaut, with the analysting that they expect

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<v Speaker 1>a really massive deceleration of earnings growth from next year.

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<v Speaker 1>So there seems to be quite a lot of turmoil

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<v Speaker 1>here for Nexceens, and this management shakeup is not.

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<v Speaker 4>Being received very warmly by the market, it seems.

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