WEBVTT - Bayer Result, Hensoldt Falls, Anglo American's Failed Deal

0:00:02.520 --> 0:00:08.720
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.600 --> 0:00:15.880
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.400 --> 0:00:17.760
<v Speaker 3>Let's look at some of the stocks on the move

0:00:17.800 --> 0:00:20.680
<v Speaker 3>today here in Europe. I'm Caroline hep Go alongside Tom McKenzie,

0:00:20.680 --> 0:00:24.040
<v Speaker 3>and we're joined by Bloomberger Paul to Chloe Malay. Good morning, Chloe.

0:00:24.360 --> 0:00:28.520
<v Speaker 3>Let's firstly look at Bayer looking at a promising drug trial.

0:00:28.560 --> 0:00:29.680
<v Speaker 3>What's happened there.

0:00:29.680 --> 0:00:33.600
<v Speaker 4>Yeah, so they're experimental stroke prevention drug showed very positive

0:00:33.640 --> 0:00:36.680
<v Speaker 4>results in clinical study, so that's a big boost for

0:00:36.760 --> 0:00:40.000
<v Speaker 4>the company after a lot of troubles recently. Of course,

0:00:40.000 --> 0:00:44.440
<v Speaker 4>they're still dealing with ongoing litigation over their roundup weed killer,

0:00:45.040 --> 0:00:48.080
<v Speaker 4>and then also they have been seeing declining sales of

0:00:48.159 --> 0:00:51.320
<v Speaker 4>some of its key blockbuster drugs that are facing a

0:00:51.360 --> 0:00:56.200
<v Speaker 4>growing generic competition. So importantly, this particular stroke prevention drug

0:00:56.600 --> 0:00:59.680
<v Speaker 4>is not increasing the risk of major bleeding, which is

0:00:59.760 --> 0:01:03.600
<v Speaker 4>usually the problem that arises with blood thinning medicines like these.

0:01:04.120 --> 0:01:05.880
<v Speaker 4>So it's a big win because some of the other

0:01:05.920 --> 0:01:09.360
<v Speaker 4>competitors have really not managed to make any major inroads

0:01:09.400 --> 0:01:14.120
<v Speaker 4>in this particular in this particular part of medicine. So

0:01:14.400 --> 0:01:16.840
<v Speaker 4>earlier this month we have seen results from a Bristol

0:01:16.840 --> 0:01:20.280
<v Speaker 4>Meyers squib and Johnson and Johnson which really created doubt

0:01:20.280 --> 0:01:23.600
<v Speaker 4>about this particular class of medicines. They had to hold

0:01:23.680 --> 0:01:26.319
<v Speaker 4>a trial because one of the drugs that they were

0:01:26.360 --> 0:01:29.360
<v Speaker 4>trying out appeared really unlikely to help patients who had

0:01:29.360 --> 0:01:32.679
<v Speaker 4>suffered a heart complication. So definitely a big boost for

0:01:32.720 --> 0:01:35.920
<v Speaker 4>buyer who seems to be making those inroads while the

0:01:36.480 --> 0:01:38.240
<v Speaker 4>competitors are staying behind.

0:01:38.600 --> 0:01:40.760
<v Speaker 1>The defense spaces and focus because there's a lot of

0:01:40.760 --> 0:01:43.760
<v Speaker 1>anticipation speculation that maybe there will be progress in the

0:01:43.880 --> 0:01:46.160
<v Speaker 1>US Secretor of State has suggested there has been progressed

0:01:46.160 --> 0:01:49.320
<v Speaker 1>in terms of talks with Ukraine about getting to some

0:01:49.400 --> 0:01:52.280
<v Speaker 1>kind of deal with Russia, with all sorts of question

0:01:52.320 --> 0:01:54.080
<v Speaker 1>marks that still need to be asked as of course

0:01:54.200 --> 0:01:57.120
<v Speaker 1>and cleared up into the detail. But you're being defense

0:01:57.160 --> 0:01:59.120
<v Speaker 1>docs are as a result in focus, what's happening with

0:01:59.160 --> 0:02:00.240
<v Speaker 1>Henshalt in particular.

0:02:00.280 --> 0:02:03.280
<v Speaker 4>Yeah, hensold, Ryan, mattau Rank, all of those companies were

0:02:03.360 --> 0:02:05.920
<v Speaker 4>down this morning. So we have seen, as you mentioned,

0:02:06.280 --> 0:02:09.840
<v Speaker 4>a little bit of progress on the peace front for Ukraine,

0:02:09.880 --> 0:02:12.160
<v Speaker 4>and therefore we are seeing those names down kind of

0:02:12.160 --> 0:02:15.400
<v Speaker 4>across the board this morning. So last week we actually

0:02:15.480 --> 0:02:19.040
<v Speaker 4>had the beginning of this with Chares falling after Zelenski

0:02:19.080 --> 0:02:21.119
<v Speaker 4>said that he agreed to work on a peace plan

0:02:21.160 --> 0:02:23.640
<v Speaker 4>that was drafted by the US and Russia. And today

0:02:23.760 --> 0:02:27.360
<v Speaker 4>we have got those downward movements again because of the

0:02:27.440 --> 0:02:31.160
<v Speaker 4>upcoming meeting between the US and Ukraine, and that meeting

0:02:31.200 --> 0:02:33.959
<v Speaker 4>will be held within the next week or maybe the

0:02:34.120 --> 0:02:38.280
<v Speaker 4>week after to discuss Ukraine's native membership and also exchange

0:02:38.280 --> 0:02:42.079
<v Speaker 4>of territories. Some negotiations have already taken place on Sunday

0:02:42.360 --> 0:02:45.680
<v Speaker 4>and Ukrainian American delegations have agreed on some of the

0:02:45.680 --> 0:02:47.920
<v Speaker 4>items or adjusted some of the items of the plan,

0:02:48.480 --> 0:02:50.640
<v Speaker 4>including the size of the Ukraine and army. And as

0:02:50.639 --> 0:02:52.880
<v Speaker 4>you said, there's still a lot of details to be

0:02:52.960 --> 0:02:55.720
<v Speaker 4>worked out. But as always, a peace is not great

0:02:55.800 --> 0:02:58.839
<v Speaker 4>business for defense companies and they tend to for when

0:02:58.880 --> 0:03:00.840
<v Speaker 4>there is progress on that on that front.

0:03:01.480 --> 0:03:05.040
<v Speaker 3>Hmm. Okay, So that's in the defense space. What about mining,

0:03:05.360 --> 0:03:08.240
<v Speaker 3>So there's been a kind of short lived bit of

0:03:08.440 --> 0:03:11.919
<v Speaker 3>m and a news that has been unraveled today. Explain

0:03:12.000 --> 0:03:13.000
<v Speaker 3>that one for US.

0:03:13.280 --> 0:03:16.440
<v Speaker 4>Yeah, busy weekend in the mining m and A sector.

0:03:16.480 --> 0:03:20.240
<v Speaker 4>So Anglo American was approached by BHP once again, and

0:03:20.240 --> 0:03:23.400
<v Speaker 4>then Anglo American rejected that bid, and BHP has now

0:03:23.400 --> 0:03:26.160
<v Speaker 4>walked away fully from that deal, and so Anglo American

0:03:26.160 --> 0:03:29.040
<v Speaker 4>shares yoyed a little bit this morning as investors try

0:03:29.080 --> 0:03:33.080
<v Speaker 4>and kind of digest what's happening there on this M

0:03:33.080 --> 0:03:36.040
<v Speaker 4>and A story. So this was an attempt by BHP

0:03:36.200 --> 0:03:39.120
<v Speaker 4>to a thwart a plan tire between Anglo American and

0:03:39.160 --> 0:03:42.680
<v Speaker 4>Tech Resources, and that also follows a failed bid for

0:03:42.720 --> 0:03:45.600
<v Speaker 4>Anglo American that we remember from last year. So now

0:03:45.640 --> 0:03:47.720
<v Speaker 4>we are back with this data squore. Really, but this

0:03:48.280 --> 0:03:52.320
<v Speaker 4>speaks to pressures in an industry where those companies really

0:03:52.320 --> 0:03:54.440
<v Speaker 4>want to add a lot of scale of growth, especially

0:03:54.520 --> 0:03:57.200
<v Speaker 4>in copper, because that is a material that is crucial

0:03:57.240 --> 0:04:00.800
<v Speaker 4>to the world's electrification and both Anglo Marrita and Tech

0:04:00.840 --> 0:04:03.800
<v Speaker 4>Resources are very copper rich, and they're about to vote

0:04:03.800 --> 0:04:05.640
<v Speaker 4>in just a few weeks on a deal to create

0:04:05.800 --> 0:04:07.720
<v Speaker 4>a company that is that will be worth more than

0:04:07.760 --> 0:04:10.920
<v Speaker 4>sixty billion dollars. So that explains why BHP wants to

0:04:10.960 --> 0:04:13.840
<v Speaker 4>try again, but it's not worked out for them.

0:04:13.960 --> 0:04:18.000
<v Speaker 2>The stock Movers report from Bloomberg Radio check Back with

0:04:18.080 --> 0:04:20.640
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:20.720 --> 0:04:23.800
<v Speaker 2>making news on Wall Street, and for the latest market

0:04:23.839 --> 0:04:28.320
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:28.400 --> 0:04:31.919
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:31.960 --> 0:04:33.480
<v Speaker 2>the Bloomberg Business app.