1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,400 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:18,760 --> 00:00:21,239 Speaker 3: on the move today here in Europe. I'm Caroline Hepkat 6 00:00:21,239 --> 00:00:24,720 Speaker 3: and I'm joined by Bloomberg's Breaking News editor Louise Moon. 7 00:00:25,120 --> 00:00:28,360 Speaker 3: There is one stock in Europe that is really surging today, 8 00:00:28,360 --> 00:00:32,240 Speaker 3: and that is an over Nordisk. Investors salivating over a 9 00:00:32,920 --> 00:00:34,519 Speaker 3: new drug and new advance. 10 00:00:34,960 --> 00:00:38,280 Speaker 1: Indeed, kind of the one big story before the Christmas 11 00:00:38,320 --> 00:00:41,320 Speaker 1: A little fully kicks in. But as you say, yeah, so, 12 00:00:41,440 --> 00:00:44,160 Speaker 1: Novo Norsk has has one approval to sell a pill 13 00:00:44,280 --> 00:00:48,320 Speaker 1: version of its wee Guvy blockbuster OBC drug that's in 14 00:00:48,360 --> 00:00:52,280 Speaker 1: the US and sales should start in January. And the 15 00:00:52,320 --> 00:00:55,280 Speaker 1: reason that this is really boosting shares shares are of 16 00:00:55,360 --> 00:00:57,840 Speaker 1: about seven percent and they've been holding those games all 17 00:00:57,840 --> 00:01:00,840 Speaker 1: through the morning, is because it's a real crucial step 18 00:01:00,880 --> 00:01:05,160 Speaker 1: to try and defend its market share essentially from US 19 00:01:05,240 --> 00:01:11,040 Speaker 1: rival Eli Lilly. Essentially, Novo's kind of created this market 20 00:01:11,080 --> 00:01:13,480 Speaker 1: and then it's struggled to keep up as as Eli 21 00:01:13,520 --> 00:01:16,280 Speaker 1: Lily has has also plowed ahead in the market. If 22 00:01:16,280 --> 00:01:19,560 Speaker 1: you look at their share prices, they've really diverged. Eli 23 00:01:19,600 --> 00:01:23,160 Speaker 1: Lilly's kind of soared this year and Novo's very much 24 00:01:23,200 --> 00:01:25,880 Speaker 1: gone in the other directions. They're relying on this new 25 00:01:25,920 --> 00:01:29,040 Speaker 1: pill to fuel that growth. So as I say, it 26 00:01:29,080 --> 00:01:31,040 Speaker 1: was starting January starting price of about one hundred and 27 00:01:31,080 --> 00:01:34,000 Speaker 1: forty nine dollars a month. And then they've also fired 28 00:01:34,000 --> 00:01:36,520 Speaker 1: for approval elsewhere, so in Europe and elsewhere globally, so 29 00:01:36,600 --> 00:01:41,880 Speaker 1: that could potentially also come. And then on Eli Lilly's side, 30 00:01:42,360 --> 00:01:45,840 Speaker 1: they've also said that their own version could could come 31 00:01:45,880 --> 00:01:47,920 Speaker 1: in March. So it's an interesting kind of playoff between 32 00:01:47,920 --> 00:01:49,840 Speaker 1: the two of them, between the two giants. 33 00:01:50,080 --> 00:01:52,240 Speaker 3: Yeah, I mean, it's just interesting, isn't it That next 34 00:01:52,320 --> 00:01:54,920 Speaker 3: year could be the year that the weight loss drugs 35 00:01:54,960 --> 00:01:58,040 Speaker 3: go from JAB to pill, which would make things so 36 00:01:58,120 --> 00:02:02,280 Speaker 3: much easier for people. Really interesting and just how much 37 00:02:02,320 --> 00:02:06,280 Speaker 3: the weight loss people get from them. Okay, So from 38 00:02:06,320 --> 00:02:11,400 Speaker 3: Nova Nordisk to a big fine for Ryanair an unwanted charge. 39 00:02:11,840 --> 00:02:13,560 Speaker 3: Rhyana is saying it's going to fight it though. 40 00:02:13,840 --> 00:02:17,240 Speaker 1: Indeed, two hundred and fifty six million euros that's from 41 00:02:17,560 --> 00:02:22,320 Speaker 1: Italy's antitrust watchdog, essentially saying that Ryanair deliberately hindered travel 42 00:02:22,360 --> 00:02:24,920 Speaker 1: agencies that were trying to buy flights on its websites 43 00:02:24,960 --> 00:02:27,400 Speaker 1: for saying that they're abusing their or have abused their 44 00:02:27,400 --> 00:02:30,120 Speaker 1: dominant position in the market. So that that's from a 45 00:02:30,120 --> 00:02:33,640 Speaker 1: specific period from April twenty three to about April twenty five. 46 00:02:34,520 --> 00:02:36,800 Speaker 1: It's kind of the latest in what's been a pretty 47 00:02:36,840 --> 00:02:41,120 Speaker 1: strained relationship in recent years between Ryanair and Italian authorities. 48 00:02:41,120 --> 00:02:42,679 Speaker 1: And as you say, Ryanair said that they're going to 49 00:02:42,720 --> 00:02:47,640 Speaker 1: appeal this, and kind of not just really with Italian authorities. 50 00:02:47,720 --> 00:02:51,560 Speaker 1: Ryanair has been in spats with travel agencies kind of 51 00:02:51,919 --> 00:02:54,519 Speaker 1: across the board really, so for example, they were sued 52 00:02:54,520 --> 00:02:56,520 Speaker 1: by on the Beach in twenty twenty one. They're reaching 53 00:02:56,520 --> 00:03:00,320 Speaker 1: a chord with that. So it's the latest of Ryan 54 00:03:00,320 --> 00:03:03,959 Speaker 1: Air fight. So Yes, shares it down slightly on that news, 55 00:03:03,960 --> 00:03:06,639 Speaker 1: but as I say, well only just slightly down in 56 00:03:06,720 --> 00:03:08,920 Speaker 1: the red. As I say, it's kind of not a 57 00:03:09,000 --> 00:03:11,280 Speaker 1: new thing that's happened to Ryan Air, but it is 58 00:03:11,280 --> 00:03:12,960 Speaker 1: a big fine, but that they're going to appeal it, 59 00:03:13,000 --> 00:03:14,760 Speaker 1: so we'll be watching to see how that plays out. 60 00:03:14,880 --> 00:03:20,800 Speaker 3: Okay, interesting, Then we have some fresh news on Axonobel 61 00:03:21,000 --> 00:03:23,520 Speaker 3: activist investors pointing them into a corner. 62 00:03:23,880 --> 00:03:27,080 Speaker 1: Indeed, yes, axoobl is the paint maker behind you Lux. 63 00:03:27,880 --> 00:03:31,480 Speaker 1: So they have said that Sevian Capital, the Access investors, 64 00:03:31,560 --> 00:03:34,200 Speaker 1: raised their stake to just over ten percent. They did 65 00:03:34,240 --> 00:03:37,240 Speaker 1: have about five percent, so essentially this is an indication 66 00:03:37,280 --> 00:03:41,920 Speaker 1: of them putting weight behind Axonobel's strategy Overhall. It's been 67 00:03:41,960 --> 00:03:47,200 Speaker 1: struggling and Servian Capital first took a stake in August 68 00:03:47,400 --> 00:03:49,680 Speaker 1: and that was not only them taking a steak, but 69 00:03:49,720 --> 00:03:52,200 Speaker 1: also their first entry into the Netherlands. They have a 70 00:03:52,280 --> 00:03:54,360 Speaker 1: quite a big track record of initiating a lot of 71 00:03:54,440 --> 00:03:56,880 Speaker 1: changes that the companies invest in. Sometimes that leads to 72 00:03:57,520 --> 00:03:59,880 Speaker 1: a breakup. And as I say, this comes as act 73 00:04:01,040 --> 00:04:03,640 Speaker 1: is embarking on a big turnaround. They want to cut costs, 74 00:04:03,680 --> 00:04:06,160 Speaker 1: they want to boost their competitiveness. As they say they've 75 00:04:06,160 --> 00:04:07,920 Speaker 1: been struggling. They say they're going to cut about or 76 00:04:07,960 --> 00:04:11,360 Speaker 1: over to thousand jobs by the end of the year. 77 00:04:11,600 --> 00:04:14,960 Speaker 1: They've closed some sites. So a lot of change happening 78 00:04:15,040 --> 00:04:16,960 Speaker 1: and this could be really boosted by this presence of 79 00:04:17,360 --> 00:04:20,120 Speaker 1: a of a big actrist Sevester. 80 00:04:22,240 --> 00:04:26,280 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 81 00:04:26,360 --> 00:04:28,960 Speaker 2: us throughout the day for the latest roundup of companies 82 00:04:29,000 --> 00:04:32,120 Speaker 2: making news on Wall Street, and for the latest market 83 00:04:32,120 --> 00:04:36,600 Speaker 2: moving headlines. 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