Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's say a look, now, it's some stocks on the
Speaker 3: move today in Europe. I'm Rich Levins with Stephen Carroll,
Speaker 3: and we're joined by Bloomberg's Breaking News editor Chloe Malay. Chloe,
Speaker 3: ASML seems to be having a pretty big move today.
Speaker 3: I'm guessing this has something to do with those Troup headlines. Yes,
Speaker 3: absolutely so.
Speaker 1: One of ASML's machines has apparently, according to the US,
Speaker 1: made its way into China, and so of course there
Speaker 1: would be a violation of those US export restrictions on
Speaker 1: chip making equipment. So the e Common Secretary Howard Lutnik
Speaker 1: is said to have expressed is concerned to ASML that
Speaker 1: this might have happened. And this matters very much, of course,
Speaker 1: because we are talking about those cutting edge, state of
Speaker 1: the art machines are used to make this, to have
Speaker 1: those really advanced chips, and so the US sees this
Speaker 1: very much as a matter of national security. But ASML
Speaker 1: has actually pushed back on this, said that none of
Speaker 1: the machines are in China, and that it would be
Speaker 1: perhaps quite hard as well to send one undetected. You know,
Speaker 1: they're the size of a school bus, they're made in
Speaker 1: very limited quantities, and they also require a constant attention,
Speaker 1: constant upkeep from ASML employees. So it's a little bit
Speaker 1: unclear what exactly the Trump administration wants from ASML to
Speaker 1: ease those concerns, what it would need to be reassured
Speaker 1: on that matter essentially, but we are seeing ASML a
Speaker 1: little bit weak on the back of that this morning.
Speaker 4: I don't know why I find that comparison to a
Speaker 4: school bus so fascinating. We're thinking about advance of lithography machines,
Speaker 4: but it's actually very helpful when you're trying to consider,
Speaker 4: I suppose the complicationdness of shipping these things for other
Speaker 4: parts of the world, and how they might probably less
Speaker 4: easy for them to accidentally end up somewhere than you
Speaker 4: might imagine. That's an ASML. Then let's get an overenortous
Speaker 4: nest next upgraded BYRD analysts. What's been the right action?
Speaker 1: Yeah, novn Ordist is doing quite well this morning on
Speaker 1: the back of that upgrade. So the analysts, and Nadia
Speaker 1: said there's really good potential for the cells of the
Speaker 1: weight loss pills from a NOVA to be expectations. And
Speaker 1: then it's also they also noted that there's upcoming results
Speaker 1: from a bunch of late stage clinical trials that could
Speaker 1: be quite positive catalysts as well for Novo. And then
Speaker 1: in addition to that, there's another thing that's providing a
Speaker 1: bit of a boost for that company this morning, which
Speaker 1: is that the Novnordisk Foundation, which owns a controlling stake
Speaker 1: in Ovnordisk itself, said that it's launching a network of
Speaker 1: research incubators across Europe with the goal being to turn
Speaker 1: academic research around obesity and diabetes into business opportunities. And
Speaker 1: the CEO of that foundation said that Europe makes really
Speaker 1: great scientific breakthroughs, but that it doesn't always know how
Speaker 1: to turn those into commercial success compared especially to researchers
Speaker 1: and academics in the US and China, where you know,
Speaker 1: those researchers are much more primed and expected to identify
Speaker 1: their commercial potential. So that's what the network is really
Speaker 1: aiming to achieve, making Europe more competitive, more of a
Speaker 1: forward looking player in that space. And so we are
Speaker 1: seeing this as well as that Naudia upgrade really drive
Speaker 1: that stock this morning.
Speaker 3: Very interesting good for Nova of course, which hasn't exactly
Speaker 3: had a fantastic few months. But then also Lesans is
Speaker 3: among the European cable companies that's getting a boost this morning.
Speaker 3: What's going on there.
Speaker 1: Yeah, so Nexans and Prismian, those are some of those
Speaker 1: cable companies in Europe. So this is on the back
Speaker 1: of read across from very good results from a Japanese
Speaker 1: rival called Fuji Cure, and so Fujicura just like Nexans
Speaker 1: and just like Prismian, they make fiber optic cables that
Speaker 1: are in very high demand from AI data centers, and
Speaker 1: so that company raised its guidance, said that they had
Speaker 1: seen a big boost in orders from hyperscalers, and so
Speaker 1: of course that's seen by the market is very good
Speaker 1: news for that optical component fiber optic cable market. And
Speaker 1: you know, Prismian, Nexs and some of those some those
Speaker 1: companies are you know, among those companies that don't have
Speaker 1: necessarily great kind of name recognition, but they're part of
Speaker 1: a sort of class of industrials that are providing you know,
Speaker 1: one part of the other of that data center supply
Speaker 1: chain and really benefiting as a result from the AI boom.
Speaker 1: You know, Prismian is up almost eighty percent this year,
Speaker 1: so it's one of those kind of behind the scenes
Speaker 1: big beneficiaries of the AI rush. So definitely a company
Speaker 1: worth watching, but doing very well toay.
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