1 00:00:00,080 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:18,160 Speaker 2: Now, let's have a look at some of the stocks 5 00:00:18,239 --> 00:00:20,680 Speaker 2: on the move today here in Europe. I'm Caroline Hepga 6 00:00:20,920 --> 00:00:24,160 Speaker 2: and I'm joined by Bloomberg reporter Kit Reese. Kit good 7 00:00:24,200 --> 00:00:27,000 Speaker 2: to speak to you. There are some stocks trading today. 8 00:00:27,000 --> 00:00:30,000 Speaker 2: It's a holiday shortened day and quite a number of 9 00:00:30,040 --> 00:00:33,120 Speaker 2: European markets are closed for the whole day anyway. But 10 00:00:33,360 --> 00:00:38,760 Speaker 2: BP is moving. They outed their CEO last week and 11 00:00:38,880 --> 00:00:40,440 Speaker 2: we've got some fresh news today. 12 00:00:40,440 --> 00:00:43,720 Speaker 3: What's been happening, Yes, so we're getting a little bit 13 00:00:43,720 --> 00:00:46,720 Speaker 3: of m and A news this morning. So BP has 14 00:00:46,760 --> 00:00:49,839 Speaker 3: agreed to sell a majority steak in its Castro business 15 00:00:50,400 --> 00:00:53,519 Speaker 3: to Stone Peak Partners. So Castrow that makes lubricants for 16 00:00:53,680 --> 00:00:56,880 Speaker 3: autos and industries, and it has also been developing a 17 00:00:56,920 --> 00:01:00,480 Speaker 3: liquid cooling technology for use in AI data centers. So 18 00:01:00,520 --> 00:01:03,760 Speaker 3: BP will raise around six billion dollars for sixty five 19 00:01:03,800 --> 00:01:05,880 Speaker 3: percent stake in the group, and it looks like the 20 00:01:05,920 --> 00:01:07,920 Speaker 3: deal will be completed by the end of next year. 21 00:01:08,319 --> 00:01:11,080 Speaker 3: So it's it's been a really busy year for BP, 22 00:01:11,319 --> 00:01:14,120 Speaker 3: as you mentioned, you know, they they're replacing their CEO 23 00:01:14,280 --> 00:01:16,600 Speaker 3: after just two years in the job, and it's really 24 00:01:16,600 --> 00:01:20,160 Speaker 3: come under pressure from an activist investor, Elliott to pivot 25 00:01:20,240 --> 00:01:24,120 Speaker 3: back towards fossil fuels after and not particularly successful foray 26 00:01:24,240 --> 00:01:27,840 Speaker 3: into renewables. So it's also struggle because the oil price 27 00:01:27,840 --> 00:01:30,560 Speaker 3: has been very volatile. So if I'm looking at the 28 00:01:30,560 --> 00:01:33,520 Speaker 3: shares that are up at abouto point four percent this morning, 29 00:01:33,560 --> 00:01:35,959 Speaker 3: so not a huge move, but overall, you know, it's 30 00:01:36,000 --> 00:01:39,240 Speaker 3: part of this divestment strategy, part of its efforts to 31 00:01:39,600 --> 00:01:42,760 Speaker 3: restructure and refocus on things like oil and gas. The 32 00:01:42,760 --> 00:01:44,680 Speaker 3: shares are up ten percent this year and they've really 33 00:01:44,720 --> 00:01:47,920 Speaker 3: underperformed the stock six hundred energy sectors twenty percent gain, 34 00:01:48,000 --> 00:01:49,520 Speaker 3: so there's still quite a long way to go, but 35 00:01:49,760 --> 00:01:51,200 Speaker 3: it's a move in the right direction. 36 00:01:51,840 --> 00:01:56,160 Speaker 2: Interesting, So that's BP. Meanwhile, the French drug maker Sanofi 37 00:01:56,360 --> 00:02:00,920 Speaker 2: making a bed against vaccine fatigue. How are they doing that? 38 00:02:02,360 --> 00:02:06,440 Speaker 3: Yeah, definitely. So they're buying Dinovax technology for two point 39 00:02:06,520 --> 00:02:09,280 Speaker 3: two billion dollars, which would give it exposure to the 40 00:02:09,360 --> 00:02:13,600 Speaker 3: adult immunization market. So dino Vaccines has this hepatitis B 41 00:02:13,760 --> 00:02:16,919 Speaker 3: vaccine that's already marketed in the US, and also an 42 00:02:16,919 --> 00:02:21,680 Speaker 3: experimental shingles and oculation which is in early human testing. 43 00:02:22,120 --> 00:02:25,919 Speaker 3: So I mean, the vaccine business, it's really struggled. Sanofi 44 00:02:26,000 --> 00:02:28,800 Speaker 3: has really struggled with this, given that the sales of 45 00:02:28,840 --> 00:02:31,639 Speaker 3: flu vaccines have declined in the last quarter. There's also 46 00:02:31,720 --> 00:02:35,120 Speaker 3: growing competition in Europe which has kind of pushed down prices, 47 00:02:35,280 --> 00:02:38,920 Speaker 3: and fewer people are getting vaccinated in the US. But overall, 48 00:02:38,919 --> 00:02:42,280 Speaker 3: it's an interesting bet. The shares are down very slightly 49 00:02:42,320 --> 00:02:45,120 Speaker 3: this morning, which could be because the FDA has rejected 50 00:02:45,440 --> 00:02:48,919 Speaker 3: Sanofi's experimental multiple sclerosis drug, which is it's been taken 51 00:02:48,960 --> 00:02:51,120 Speaker 3: as a bit of a bit of a negative this morning. 52 00:02:51,400 --> 00:02:54,760 Speaker 3: But overall, it's an interesting bet, as you say, on 53 00:02:54,960 --> 00:02:56,720 Speaker 3: the vaccine market, and we'll just see how it kind 54 00:02:56,720 --> 00:02:58,080 Speaker 3: of develops for them. 55 00:02:58,280 --> 00:03:03,160 Speaker 2: Okay, so that's on Sinofi. Meanwhile, gold, silver, and platinum. No, 56 00:03:03,280 --> 00:03:07,680 Speaker 2: it's not a new Nativity hymn. It's about mining stocks. 57 00:03:07,760 --> 00:03:08,639 Speaker 2: Tell us more, git. 58 00:03:09,760 --> 00:03:13,480 Speaker 3: I mean, these metals have seen an absolutely stunning rally 59 00:03:13,520 --> 00:03:16,400 Speaker 3: this year, and yeah, they're all at record highs today. 60 00:03:17,200 --> 00:03:20,400 Speaker 3: So this really boosts the companies that get these metals 61 00:03:20,440 --> 00:03:24,520 Speaker 3: out of the ground. So stocks like Frisnillo up four 62 00:03:24,600 --> 00:03:27,960 Speaker 3: hundred and twenty percent this year. It mines silver. Howkstiled 63 00:03:28,600 --> 00:03:32,040 Speaker 3: Endeavor also way up over one hundred percent this year. 64 00:03:32,160 --> 00:03:35,000 Speaker 3: There's a lot of a safe haven appeal for pressure's 65 00:03:35,040 --> 00:03:38,880 Speaker 3: metals miners, and we're seeing tensions and Venezuela between the 66 00:03:39,000 --> 00:03:42,520 Speaker 3: Ukraine and Russia, which boosts the peel of these kind 67 00:03:42,560 --> 00:03:46,920 Speaker 3: of assets. And with copper it's also just soaring. There's 68 00:03:46,960 --> 00:03:50,880 Speaker 3: warriors over tighter supply next year. And also the metal 69 00:03:50,960 --> 00:03:54,480 Speaker 3: is used in new technology, especially in things like electrification 70 00:03:54,680 --> 00:03:57,800 Speaker 3: and in data centers, which are obviously key for powering 71 00:03:57,920 --> 00:04:02,000 Speaker 3: the artificial intelligence. And so you know, the basic resources 72 00:04:02,000 --> 00:04:04,680 Speaker 3: sectors of about twenty six percent this year in Europe, 73 00:04:04,720 --> 00:04:07,200 Speaker 3: it's one of the most the top performing sectors in 74 00:04:07,240 --> 00:04:10,600 Speaker 3: Europe this year. And we've seen companies like Antifagasta shares 75 00:04:10,680 --> 00:04:12,600 Speaker 3: up over one hundred percent. It has a copper mine 76 00:04:12,600 --> 00:04:15,320 Speaker 3: in Chile. Anglo American up twenty nine percent. So you know, 77 00:04:15,360 --> 00:04:18,719 Speaker 3: the big question will be candy stocks sustain these gains 78 00:04:18,720 --> 00:04:20,240 Speaker 3: into next year, so we'll have to see, you know, 79 00:04:20,279 --> 00:04:23,080 Speaker 3: how these trades pan out. But overall, you know, the 80 00:04:23,320 --> 00:04:25,080 Speaker 3: precious metals just keep on flying. 81 00:04:26,080 --> 00:04:30,080 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 82 00:04:30,160 --> 00:04:32,760 Speaker 1: us throughout the day for the latest roundup of companies 83 00:04:32,800 --> 00:04:35,920 Speaker 1: making news on Wall Street and for the latest market 84 00:04:35,960 --> 00:04:40,440 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 85 00:04:40,520 --> 00:04:44,000 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 86 00:04:44,080 --> 00:04:45,559 Speaker 1: the Bloomberg Business app.