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 00:00:17,960 --> 00:00:20,320 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:20,360 --> 00:00:22,560 Speaker 3: In YOUU, we're joined by Bluebegs. Equities were put to 6 00:00:22,640 --> 00:00:27,520 Speaker 3: Joe Eastern Joe Hi. Mercedes is considering withdrawing its least 7 00:00:27,640 --> 00:00:32,800 Speaker 3: expensive cars from the US market. This on TOMP Tariff Day. 8 00:00:33,440 --> 00:00:37,680 Speaker 1: Yes, Mercedes says it's pulling the entry level models like 9 00:00:37,720 --> 00:00:41,160 Speaker 1: the GLA sports utility vehicle that's as parts of its 10 00:00:41,240 --> 00:00:45,000 Speaker 1: broader tariff contingency plans are very much on topic with 11 00:00:45,080 --> 00:00:46,920 Speaker 1: what we've been looking at in terms of the US 12 00:00:46,960 --> 00:00:50,919 Speaker 1: tariff's news, and we are seeing continued weakness in that 13 00:00:51,000 --> 00:00:54,200 Speaker 1: sector today. Mercedes down another one point four percent, but 14 00:00:54,240 --> 00:00:58,760 Speaker 1: pretty much broad declines. Volkswagen slipping around two percent as 15 00:00:58,800 --> 00:01:04,760 Speaker 1: his Porsche as well. So Mercedes essentially just adjusting their 16 00:01:04,800 --> 00:01:06,959 Speaker 1: plans in terms of what they're selling because of the 17 00:01:06,959 --> 00:01:09,319 Speaker 1: tariffs that are going to come in from the US. 18 00:01:09,360 --> 00:01:12,800 Speaker 1: And then we also had Continental, the parts maker, warning 19 00:01:12,880 --> 00:01:16,520 Speaker 1: yesterday that the tariffs are going to hurt its volumes, 20 00:01:16,800 --> 00:01:19,440 Speaker 1: its margins are coming down as well, so really negative, 21 00:01:19,480 --> 00:01:21,800 Speaker 1: that one down another two and a half percent, feeding 22 00:01:21,800 --> 00:01:24,760 Speaker 1: through inter speers, yet another week session for ALSOS. 23 00:01:24,800 --> 00:01:29,319 Speaker 4: Today, HIMS and HER's Health says it's broadening its weight 24 00:01:29,400 --> 00:01:34,200 Speaker 4: loss offerings, and Joe Shares are responding, I've got a 25 00:01:34,240 --> 00:01:37,400 Speaker 4: website open. There's a number of different treatments in here, 26 00:01:37,480 --> 00:01:40,360 Speaker 4: hair loss, but also some other areas as well that 27 00:01:40,400 --> 00:01:41,040 Speaker 4: they focus on. 28 00:01:41,520 --> 00:01:44,360 Speaker 1: Yeah, exactly, so hyms and hers. This is a retail 29 00:01:44,520 --> 00:01:47,440 Speaker 1: platforming site, so it's four healthcare some of the products 30 00:01:47,440 --> 00:01:50,240 Speaker 1: that you mentioned there. Now they are saying that they're 31 00:01:50,280 --> 00:01:53,360 Speaker 1: going to broaden their weight loss offering, starting to sell 32 00:01:53,440 --> 00:01:56,440 Speaker 1: drugs like zep Bound, which is made by Eli Lilly. 33 00:01:56,440 --> 00:01:59,120 Speaker 1: Now this is interesting because it is really a platform 34 00:01:59,200 --> 00:02:03,520 Speaker 1: that opens up the obesity drug market to a wider population. 35 00:02:03,640 --> 00:02:07,520 Speaker 1: And actually we're seeing Novo Nordist declining around three percent 36 00:02:07,560 --> 00:02:10,640 Speaker 1: following this news. It has actually been pretty market moving. 37 00:02:10,680 --> 00:02:15,239 Speaker 1: But also worth noting that US Biotech was absolutely slammed 38 00:02:15,320 --> 00:02:18,600 Speaker 1: into the close of trading in the US yesterday. A 39 00:02:18,639 --> 00:02:21,880 Speaker 1: lot of that seems to actually be stemming from news 40 00:02:22,120 --> 00:02:25,480 Speaker 1: that Trump and Elon musk up to their old tricks again, 41 00:02:25,600 --> 00:02:29,000 Speaker 1: cutting more staff at the US Department of Health and 42 00:02:29,120 --> 00:02:32,800 Speaker 1: Human Services. So we saw US biotech stocks plunging yesterday 43 00:02:32,840 --> 00:02:36,440 Speaker 1: and today. In Europe, the farmer sector by far the 44 00:02:36,480 --> 00:02:39,280 Speaker 1: worse performing. We're down around two percent across the index. 45 00:02:39,560 --> 00:02:42,120 Speaker 1: Names like Nevatis, Bias, and Offi, all of them down 46 00:02:42,160 --> 00:02:43,240 Speaker 1: more than three percent today. 47 00:02:43,400 --> 00:02:46,200 Speaker 3: Yeah, uncertainty about what it will mean for the regulatory 48 00:02:46,320 --> 00:02:49,600 Speaker 3: landscape in terms of farm and biotech in the US. 49 00:02:49,800 --> 00:02:52,240 Speaker 3: And you also have to think about charmp taris if 50 00:02:52,280 --> 00:02:55,160 Speaker 3: they end up hitting the pharmaceutical sector. There are very 51 00:02:55,160 --> 00:02:59,200 Speaker 3: close links between the US and Europe and different specializations 52 00:02:59,200 --> 00:03:02,280 Speaker 3: in different parts of the world when it comes to pharmaceuticals, 53 00:03:02,360 --> 00:03:06,600 Speaker 3: so that's sort of also part of that story. Just lastly, though, 54 00:03:06,639 --> 00:03:09,840 Speaker 3: there is an interesting bit of m and a green 55 00:03:10,000 --> 00:03:13,040 Speaker 3: corp gobbling up the food maker back of Are Is 56 00:03:13,080 --> 00:03:14,080 Speaker 3: it a tasty deal? 57 00:03:14,520 --> 00:03:17,679 Speaker 1: It's a delicious deal. Yes, so green Coy as you say, 58 00:03:17,800 --> 00:03:19,920 Speaker 1: buying back of All. Now, Back of All is kind 59 00:03:19,960 --> 00:03:22,080 Speaker 1: of one of those companies that operates in the shadows 60 00:03:22,120 --> 00:03:24,480 Speaker 1: that actually make a lot of the sandwiches that you 61 00:03:24,520 --> 00:03:27,480 Speaker 1: get in those meal deals at Tesco and your lunch break, 62 00:03:27,520 --> 00:03:30,960 Speaker 1: and also make microwave meals. So like the Lasagnas and 63 00:03:30,960 --> 00:03:32,880 Speaker 1: that kind of thing, but sell them to companies like 64 00:03:32,919 --> 00:03:36,480 Speaker 1: Tesco and the other supermarkets. Green Corp an Irish company 65 00:03:36,840 --> 00:03:39,520 Speaker 1: coming in buying back of are at for around one 66 00:03:39,560 --> 00:03:41,640 Speaker 1: point two billion pounds. That is a lot of ready 67 00:03:41,640 --> 00:03:44,040 Speaker 1: made designers, isn't it for one point two billion? But 68 00:03:44,120 --> 00:03:47,280 Speaker 1: the price is eighty five pence in cash and also 69 00:03:47,680 --> 00:03:50,360 Speaker 1: a portion of green Core chees. So we're seeing green 70 00:03:50,360 --> 00:03:54,240 Speaker 1: Corps rising today. I think it was up six percent. 71 00:03:54,360 --> 00:03:57,960 Speaker 1: Just double checking, we are up around by a similar amount. 72 00:03:58,000 --> 00:04:00,720 Speaker 1: That is on back of are excuse me, Greencore actually 73 00:04:00,720 --> 00:04:03,240 Speaker 1: coming down very slightly, but back of all shares really 74 00:04:03,360 --> 00:04:06,000 Speaker 1: rallied over the past month or so on news that 75 00:04:06,120 --> 00:04:09,320 Speaker 1: Greencore coming in, and again investors getting another payday with 76 00:04:09,320 --> 00:04:12,040 Speaker 1: a stock up six percent, green Corps heading the other 77 00:04:12,080 --> 00:04:14,040 Speaker 1: way down to aero point seven percent today. 78 00:04:15,120 --> 00:04:19,240 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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