Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's look at some of the stocks on the move
Speaker 3: today here in Europe. I'm Caroline hep Go alongside Tom McKenzie,
Speaker 3: and we're joined by Bloomberger Paul to Chloe Malay. Good morning, Chloe.
Speaker 3: Let's firstly look at Bayer looking at a promising drug trial.
Speaker 3: What's happened there.
Speaker 4: Yeah, so they're experimental stroke prevention drug showed very positive
Speaker 4: results in clinical study, so that's a big boost for
Speaker 4: the company after a lot of troubles recently. Of course,
Speaker 4: they're still dealing with ongoing litigation over their roundup weed killer,
Speaker 4: and then also they have been seeing declining sales of
Speaker 4: some of its key blockbuster drugs that are facing a
Speaker 4: growing generic competition. So importantly, this particular stroke prevention drug
Speaker 4: is not increasing the risk of major bleeding, which is
Speaker 4: usually the problem that arises with blood thinning medicines like these.
Speaker 4: So it's a big win because some of the other
Speaker 4: competitors have really not managed to make any major inroads
Speaker 4: in this particular in this particular part of medicine. So
Speaker 4: earlier this month we have seen results from a Bristol
Speaker 4: Meyers squib and Johnson and Johnson which really created doubt
Speaker 4: about this particular class of medicines. They had to hold
Speaker 4: a trial because one of the drugs that they were
Speaker 4: trying out appeared really unlikely to help patients who had
Speaker 4: suffered a heart complication. So definitely a big boost for
Speaker 4: buyer who seems to be making those inroads while the
Speaker 4: competitors are staying behind.
Speaker 1: The defense spaces and focus because there's a lot of
Speaker 1: anticipation speculation that maybe there will be progress in the
Speaker 1: US Secretor of State has suggested there has been progressed
Speaker 1: in terms of talks with Ukraine about getting to some
Speaker 1: kind of deal with Russia, with all sorts of question
Speaker 1: marks that still need to be asked as of course
Speaker 1: and cleared up into the detail. But you're being defense
Speaker 1: docs are as a result in focus, what's happening with
Speaker 1: Henshalt in particular.
Speaker 4: Yeah, hensold, Ryan, mattau Rank, all of those companies were
Speaker 4: down this morning. So we have seen, as you mentioned,
Speaker 4: a little bit of progress on the peace front for Ukraine,
Speaker 4: and therefore we are seeing those names down kind of
Speaker 4: across the board this morning. So last week we actually
Speaker 4: had the beginning of this with Chares falling after Zelenski
Speaker 4: said that he agreed to work on a peace plan
Speaker 4: that was drafted by the US and Russia. And today
Speaker 4: we have got those downward movements again because of the
Speaker 4: upcoming meeting between the US and Ukraine, and that meeting
Speaker 4: will be held within the next week or maybe the
Speaker 4: week after to discuss Ukraine's native membership and also exchange
Speaker 4: of territories. Some negotiations have already taken place on Sunday
Speaker 4: and Ukrainian American delegations have agreed on some of the
Speaker 4: items or adjusted some of the items of the plan,
Speaker 4: including the size of the Ukraine and army. And as
Speaker 4: you said, there's still a lot of details to be
Speaker 4: worked out. But as always, a peace is not great
Speaker 4: business for defense companies and they tend to for when
Speaker 4: there is progress on that on that front.
Speaker 3: Hmm. Okay, So that's in the defense space. What about mining,
Speaker 3: So there's been a kind of short lived bit of
Speaker 3: m and a news that has been unraveled today. Explain
Speaker 3: that one for US.
Speaker 4: Yeah, busy weekend in the mining m and A sector.
Speaker 4: So Anglo American was approached by BHP once again, and
Speaker 4: then Anglo American rejected that bid, and BHP has now
Speaker 4: walked away fully from that deal, and so Anglo American
Speaker 4: shares yoyed a little bit this morning as investors try
Speaker 4: and kind of digest what's happening there on this M
Speaker 4: and A story. So this was an attempt by BHP
Speaker 4: to a thwart a plan tire between Anglo American and
Speaker 4: Tech Resources, and that also follows a failed bid for
Speaker 4: Anglo American that we remember from last year. So now
Speaker 4: we are back with this data squore. Really, but this
Speaker 4: speaks to pressures in an industry where those companies really
Speaker 4: want to add a lot of scale of growth, especially
Speaker 4: in copper, because that is a material that is crucial
Speaker 4: to the world's electrification and both Anglo Marrita and Tech
Speaker 4: Resources are very copper rich, and they're about to vote
Speaker 4: in just a few weeks on a deal to create
Speaker 4: a company that is that will be worth more than
Speaker 4: sixty billion dollars. So that explains why BHP wants to
Speaker 4: try again, but it's not worked out for them.
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