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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some stocks on the move today.

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Speaker 2: I'm Tim Keen with Paul Sweeney Stock Movers. Would Lisa

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Speaker 2: Matay on Lisa, all.

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Speaker 3: Right, So I want to start with Danish renewable energy

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Speaker 3: company ORSTED. It shares have been down as much as

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Speaker 3: nineteen percent in Copenhagen. That's a record low for the company.

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Speaker 3: It shares are down almost fifty percent this year, wiping

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Speaker 3: out nearly eight billion of the company's value. So what's

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Speaker 3: going on? Basically, the Trump administration at blocked construction of

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Speaker 3: an almost finished offshore wind farm, and that really threw

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Speaker 3: a wrench into plan nine point four billion dollars share

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Speaker 3: sale that was backed by the government. The Danish government

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Speaker 3: actually owns just over fifty percent of or SID. So

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Speaker 3: the stop work order that's for a company called Revolution Wind.

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Speaker 3: It's off the coast of Rhode Island. It's a project

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Speaker 3: that's costing about four billion dollars to build. That's according

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Speaker 3: to Jeffrey. So it's a huge project. Yeah, the company's management.

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Speaker 3: They're meeting with investors advisors in London tomorrow to kind

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Speaker 3: of reassure them that everything is under control. But it's

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Speaker 3: just another push by the Trump administration to stop the

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Speaker 3: expansion of offshore wind farms, which we which we've seen.

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Speaker 3: Can you see this from the porch of the National

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Speaker 3: Hotel on Block Island.

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Speaker 2: I don't know how I would know anything about that.

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Speaker 1: Right there there is and they have a Boston address

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Speaker 1: Boilston Street.

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Speaker 2: Good morning, Horst.

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Speaker 1: It is seventy thousand people in Copenhagen, or FREDERICI, I

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Speaker 1: hope I'm pronouncing it.

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Speaker 3: Okay, A recent Okay, I want to go to Dutch

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Speaker 3: coffee firm JD.

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Speaker 1: Piero.

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Speaker 3: All right, we got to get the coffee in Okay.

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Speaker 3: So it's the shares up seventeen percent in Amsterdam. The

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Speaker 3: reason why, yeah, Carrock doctor Pepper agreed to buy the

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Speaker 3: company for eighteen point four billion dollars. And what they're doing,

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Speaker 3: they're hoping it's going to help boost their coffee business

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Speaker 3: because it's been struggling. They say inflation, tariffs had an impact.

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Speaker 3: And if you look at JdE Pete's I mean they

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Speaker 3: have more than fifty coffee and tea brands around the world,

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Speaker 3: so it's a good addition for them. Carig Doctor Pepper.

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Speaker 3: Their shares have been down as much as seven percent

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Speaker 3: that sticker KDP. Now, once the sale goes through, what

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Speaker 3: they plan, Carric plans just separate the coffee and the

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Speaker 3: beverage units into two different units, two different US listed companies.

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Speaker 3: So on the beverage side, you're thinking, well, what other beverages, Well,

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Speaker 3: they've been investing in energy drinks, Carrick has, so they

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Speaker 3: agreed to buy Ghost Energy Drinks back in October. But

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Speaker 3: they also own brands like Snapple, you who and Hawaiian.

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Speaker 2: Huh, solid wine, punch, solid offerings. There no back in

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Speaker 2: the day kens I'm talking.

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Speaker 3: Yeah, yeah, I'll go with it.

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Speaker 2: But probably did Boss go as well?

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Speaker 1: Yeah?

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Speaker 3: But the answer but the answer is all these things,

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Speaker 3: as we mentioned earlier, have three tablespoons of.

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Speaker 2: Shit or whatever.

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Speaker 1: Yeah, maybe there's I assume now there's a low sugar Hawaiian.

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Speaker 3: Punch hopefully, I mean it's a lot, it's a lot

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Speaker 3: of sugar.

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Speaker 2: It is so Carrit Doctor Pepper. They some banker put

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Speaker 2: those companies together ago. That was what correct and now

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Speaker 2: we're breaking them. Apartment. Now we're breaking them and you

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Speaker 2: gets paid.

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Speaker 1: Somebody paid.

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Speaker 3: Okay, okay, one more, I'll go for it.

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Speaker 2: Call center.

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Speaker 3: So Forward firm a warrant. Their shares have been up

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Speaker 3: as much as eighteen percent. It's ticker VR and T

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Speaker 3: and it's actually official now to Bravo has agreed to

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Speaker 3: buy the company. It's an all cash transaction enterprise value

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Speaker 3: about two billion dollars so it was approved by the

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Speaker 3: Variant board of directors. Is expected to close before the

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Speaker 3: end of Varan's current fiscal years. There were a few

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Speaker 3: headlines off the news like Varrants no longer going to

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Speaker 3: be providing quarterly annual guidance. They're also suspending their share

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Speaker 3: buy back program. But I mean it's still subject to

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Speaker 3: a few, you know, closing conditions, like approval by Varrant shareholders.

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Speaker 3: It's not subject though, to a financing condition, and that

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Speaker 3: was in one of the headlines too. But Jeffries serving

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Speaker 3: as a financial advisor, Jones Day serving as a legial

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Speaker 3: counsel to Variant because I know Paul Lisner was making

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Speaker 3: some money.

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Speaker 1: throughout the day For the latest roundup of companies making

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