1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,800 --> 00:00:19,520 Speaker 3: Now, let's look at some of the stocks on the 5 00:00:19,560 --> 00:00:22,000 Speaker 3: move today. In ut we're joined by Bloomberg's Equities with 6 00:00:22,120 --> 00:00:26,400 Speaker 3: ported show Eastern Never Nordice getting decimated today in the market. 7 00:00:26,520 --> 00:00:29,080 Speaker 3: Weight loss pills are coming for the injections, which were 8 00:00:29,120 --> 00:00:30,880 Speaker 3: already hugely popular. 9 00:00:31,160 --> 00:00:35,360 Speaker 4: Absolutely, so Novo now down around seven percent at the moment. 10 00:00:35,520 --> 00:00:37,600 Speaker 4: It fell around ten percent at the open of trading, 11 00:00:37,640 --> 00:00:41,480 Speaker 4: the stock reopening for the first time since Wednesday. Now, 12 00:00:41,520 --> 00:00:45,640 Speaker 4: on Thursday, Eli Lilly in the US announced its latest 13 00:00:45,760 --> 00:00:50,360 Speaker 4: drug trial data. It's a drug called awful gloprin. I've 14 00:00:50,400 --> 00:00:53,640 Speaker 4: definitely mispronounced that, but it is spelt like that. Now. 15 00:00:53,920 --> 00:00:55,920 Speaker 2: Lily said that people that use. 16 00:00:55,800 --> 00:00:58,800 Speaker 4: This drug over a forty week period lost seven percent 17 00:00:58,880 --> 00:01:03,680 Speaker 4: of their body weight. Now that is comparison comparatible with 18 00:01:04,000 --> 00:01:05,959 Speaker 4: zempic and we're going to be made by Nova. But 19 00:01:06,319 --> 00:01:08,839 Speaker 4: the benefit of this one is it's an oral pill. 20 00:01:08,959 --> 00:01:12,600 Speaker 4: So clearly a pill is preferable to an injection to 21 00:01:12,720 --> 00:01:15,959 Speaker 4: most people. So therefore we saw Lily stock rallying around 22 00:01:15,959 --> 00:01:19,760 Speaker 4: fourteen percent on that news, and Novo hit on the 23 00:01:19,800 --> 00:01:23,520 Speaker 4: competition concern for obese to drugs. Novo's chart on a 24 00:01:23,520 --> 00:01:27,080 Speaker 4: long term basis is pretty remarkable. It traded around one 25 00:01:27,080 --> 00:01:30,160 Speaker 4: thousand Danish krona back at the high last year. We're 26 00:01:30,160 --> 00:01:33,759 Speaker 4: now well below four hundred on that's already a huge 27 00:01:33,760 --> 00:01:36,040 Speaker 4: amount of the gain in Novo stock has been wiped 28 00:01:36,040 --> 00:01:37,640 Speaker 4: out over the past few months. 29 00:01:37,840 --> 00:01:40,800 Speaker 1: Yeah, with broader implications arguably for the Danish economy as well, 30 00:01:40,800 --> 00:01:43,640 Speaker 1: given the size and scale that that company plays within 31 00:01:43,680 --> 00:01:48,040 Speaker 1: the financial markets and within the the broader Danish economy. Meanwhile, 32 00:01:48,040 --> 00:01:54,040 Speaker 1: a cold wind blowing across Atlantic for Awsted Joe traders. 33 00:01:54,080 --> 00:01:56,480 Speaker 1: Traders sensing a chill, it says here. 34 00:01:56,560 --> 00:01:58,680 Speaker 4: Yes, getting a bit of a chill from that one. 35 00:01:59,640 --> 00:02:03,440 Speaker 4: Now this is Trump. So Trump holting a New York 36 00:02:03,480 --> 00:02:06,000 Speaker 4: offshore wind project. So we know that Trump is not 37 00:02:06,480 --> 00:02:09,799 Speaker 4: the biggest fan fan of renewable energy, and he has 38 00:02:09,840 --> 00:02:14,440 Speaker 4: halted this massive project just outside of New York called 39 00:02:14,520 --> 00:02:18,160 Speaker 4: Empire One. It's it's a project that's run by Equinor 40 00:02:18,240 --> 00:02:20,720 Speaker 4: listed in Norway, and it was potentially going to be 41 00:02:20,760 --> 00:02:23,920 Speaker 4: worth about thirty billion dollars. Now This is also feeding 42 00:02:23,919 --> 00:02:27,200 Speaker 4: through into Usted, the Danish company. That stock was down 43 00:02:27,400 --> 00:02:29,919 Speaker 4: almost ten percent of the open It's currently down around 44 00:02:29,960 --> 00:02:32,840 Speaker 4: eight percent. They've got a lot of wind projects over 45 00:02:33,440 --> 00:02:35,880 Speaker 4: in the US as well, so it's a read through 46 00:02:35,880 --> 00:02:39,320 Speaker 4: from them. Analysts becoming really negative on this, recommending selling 47 00:02:39,320 --> 00:02:42,200 Speaker 4: the stock. Analysts at Bank of America Barclay's all saying 48 00:02:42,240 --> 00:02:44,600 Speaker 4: this is negative for the sector and weighing on the 49 00:02:44,600 --> 00:02:45,880 Speaker 4: shares considerably today. 50 00:02:46,240 --> 00:02:50,040 Speaker 3: Okay, building of a different kind, data centers. Why might 51 00:02:50,160 --> 00:02:53,120 Speaker 3: Amazon be giving Europe's infrastructure builders a shock? 52 00:02:53,960 --> 00:02:58,280 Speaker 4: Yes, so Amazon, according to an analyst over at Wells Fargo, 53 00:02:58,360 --> 00:03:02,600 Speaker 4: it starts scaling back of money it's investing in data centers. 54 00:03:02,600 --> 00:03:05,760 Speaker 4: So Amazon obviously does the retail of the online retail, 55 00:03:05,760 --> 00:03:08,639 Speaker 4: but also aws Amazon Web Services, which is all about 56 00:03:08,840 --> 00:03:12,560 Speaker 4: cloud and AI. Now they, according to this analyst called 57 00:03:12,840 --> 00:03:17,520 Speaker 4: Eric Lupchaw over at Wells, they are cutting back according 58 00:03:17,520 --> 00:03:19,799 Speaker 4: to his data, so they're not spending as much now. 59 00:03:19,840 --> 00:03:23,600 Speaker 4: Companies like Schneider Electric, Seamens, Energy, Legron Prismian here in 60 00:03:23,680 --> 00:03:27,120 Speaker 4: Europe they provide the power that powers these firms, essentially 61 00:03:27,200 --> 00:03:31,240 Speaker 4: supply of the electricity, and those stocks are falling pretty significantly. 62 00:03:31,280 --> 00:03:33,040 Speaker 4: All of them down around three or four percent of 63 00:03:33,120 --> 00:03:36,880 Speaker 4: the moment. The vice president of data centers at Amazon 64 00:03:36,880 --> 00:03:40,520 Speaker 4: did post on LinkedIn saying that they haven't made any 65 00:03:40,520 --> 00:03:45,240 Speaker 4: fundamental changes to its expansion plans. It's really just scaling back, 66 00:03:45,320 --> 00:03:49,480 Speaker 4: doing routine capacity management, as he describes it. But the 67 00:03:49,560 --> 00:03:52,480 Speaker 4: market clearly taking notice of this Wells Fargo note, and 68 00:03:52,560 --> 00:03:53,560 Speaker 4: it's hitting all those stocks. 69 00:03:53,560 --> 00:03:59,000 Speaker 2: This morning the Stock Movers podcast from Bloomberg Radio. Check 70 00:03:59,040 --> 00:04:02,240 Speaker 2: back with us throughout for the latest roundup of companies 71 00:04:02,280 --> 00:04:05,320 Speaker 2: making news on Wall Street and for the latest market 72 00:04:05,360 --> 00:04:09,680 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:04:09,760 --> 00:04:13,000 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:04:13,080 --> 00:04:14,520 Speaker 2: the Bloomberg Business app.