1 00:00:02,520 --> 00:00:07,440 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 00:00:16,640 --> 00:00:18,479 Speaker 3: Now, let's look at some of the stocks on the 5 00:00:18,520 --> 00:00:20,880 Speaker 3: move today in Europe. I'm Caroline Hepgett and I'm joined 6 00:00:20,880 --> 00:00:24,960 Speaker 3: by Bloomberg reporter Louise Moon. Louise, good to have you 7 00:00:25,040 --> 00:00:30,600 Speaker 3: with me. Nova Nordisk surging today, investors salivated because there's 8 00:00:30,640 --> 00:00:33,519 Speaker 3: been a new step forward for this drug maker. 9 00:00:33,680 --> 00:00:36,839 Speaker 1: Yeah, a real crucial step actually. So they've won approval 10 00:00:36,840 --> 00:00:40,320 Speaker 1: in the US to sell a pill version of wei Goovy, 11 00:00:40,360 --> 00:00:44,720 Speaker 1: their their blockbuster OBC drug. So that should start from 12 00:00:44,960 --> 00:00:47,720 Speaker 1: January and it's at a starting price of one hundred and 13 00:00:47,760 --> 00:00:50,479 Speaker 1: forty nine dollars a month. But the reason it's crucial 14 00:00:50,560 --> 00:00:54,040 Speaker 1: is Nova essentially kind of created this whole market and 15 00:00:54,080 --> 00:00:57,320 Speaker 1: then they've been struggling to keep up, particularly in competition 16 00:00:57,360 --> 00:00:59,160 Speaker 1: with the US rival Eli Lilly. And if you look 17 00:00:59,160 --> 00:01:02,520 Speaker 1: at their both to their share prices over the past 18 00:01:02,600 --> 00:01:05,080 Speaker 1: year or so, you can see a real divergence. So 19 00:01:05,400 --> 00:01:09,920 Speaker 1: Eli Lilly kind of shooting quite far higher, and Novo 20 00:01:10,880 --> 00:01:14,200 Speaker 1: has has had quite big losses really really this year, 21 00:01:14,240 --> 00:01:16,560 Speaker 1: so they're trying to keep up, they're trying to stay 22 00:01:16,560 --> 00:01:21,600 Speaker 1: competitive and have having lost ground to Eli Lilly, so 23 00:01:21,600 --> 00:01:24,160 Speaker 1: they're kind of relying on this new pill to fuel 24 00:01:24,440 --> 00:01:26,560 Speaker 1: that growth. So, as I say, so that will start 25 00:01:26,560 --> 00:01:29,200 Speaker 1: in January in the US, and they've also filed for 26 00:01:29,240 --> 00:01:33,000 Speaker 1: approval in Europe and elsewhere, so if and when that comes, 27 00:01:33,040 --> 00:01:36,040 Speaker 1: that could see it expanding out more globally. So as 28 00:01:36,040 --> 00:01:39,560 Speaker 1: you say, I mean, as you mentioned before, the stocks 29 00:01:40,240 --> 00:01:42,319 Speaker 1: is a lot higher on this news this morning, so 30 00:01:42,360 --> 00:01:45,640 Speaker 1: a bit of a boost to them. And then on 31 00:01:45,680 --> 00:01:48,200 Speaker 1: Eli Lilly's side, they've said that their own version could 32 00:01:48,200 --> 00:01:50,680 Speaker 1: be approved in March, so then it will kind of 33 00:01:51,400 --> 00:01:53,280 Speaker 1: remain to be seen how that then plays out between 34 00:01:53,280 --> 00:01:54,440 Speaker 1: the two in terms of competition. 35 00:01:54,560 --> 00:01:56,880 Speaker 3: Yeah, never know. This share price up six point six 36 00:01:56,880 --> 00:02:00,120 Speaker 3: percent at lease this morning, couldn't help. But notice that 37 00:02:00,200 --> 00:02:04,280 Speaker 3: the pill version apparently people drop about sixteen percent of 38 00:02:04,280 --> 00:02:07,200 Speaker 3: their body I was a standard by that, Yeah, which 39 00:02:07,240 --> 00:02:09,720 Speaker 3: is I think less than the JAB, But it means 40 00:02:09,760 --> 00:02:11,560 Speaker 3: that you can take the pill on a more sort 41 00:02:11,560 --> 00:02:14,320 Speaker 3: of ongoing basis. So I think that is the argument, 42 00:02:14,520 --> 00:02:17,160 Speaker 3: and obviously it's easier to do than I guess an injection, 43 00:02:18,040 --> 00:02:20,440 Speaker 3: so that on never nor disc are a huge bearmouth 44 00:02:20,639 --> 00:02:24,080 Speaker 3: of a business for Europe. Of course, now trouble at 45 00:02:24,080 --> 00:02:26,079 Speaker 3: the farm or Staid's wind. 46 00:02:25,840 --> 00:02:29,079 Speaker 1: Farm, that is, yes, So this is the latest of 47 00:02:29,160 --> 00:02:32,760 Speaker 1: the Trump administration. There's been a tumultuous year between the 48 00:02:32,760 --> 00:02:35,400 Speaker 1: Trump administration and the clean energy sector. And this was 49 00:02:35,480 --> 00:02:37,600 Speaker 1: news yesterday's it's a bit of a day to but 50 00:02:37,840 --> 00:02:40,560 Speaker 1: the austed stock is continuing to react. So the US 51 00:02:40,560 --> 00:02:43,120 Speaker 1: has suspended leases for all five wind farms that are 52 00:02:43,160 --> 00:02:46,959 Speaker 1: under construction off the east coast of America, and Bloomberg 53 00:02:47,080 --> 00:02:50,079 Speaker 1: estimates put the total committed capital for those five wind 54 00:02:50,120 --> 00:02:52,200 Speaker 1: farms at about twenty eight billion your stolets, So it's. 55 00:02:52,080 --> 00:02:53,480 Speaker 3: Big, a big deal. 56 00:02:54,639 --> 00:02:56,280 Speaker 1: This was so this was as I say, it was announced 57 00:02:56,280 --> 00:03:00,320 Speaker 1: yesterday and their citing national national security concern and so 58 00:03:00,360 --> 00:03:02,520 Speaker 1: they're saying that the turbines could get in the way 59 00:03:02,560 --> 00:03:05,760 Speaker 1: of radar systems. So, as I say, the industry has 60 00:03:05,800 --> 00:03:08,120 Speaker 1: been kind of repeatedly targeted by the Trump administration. If 61 00:03:08,160 --> 00:03:10,040 Speaker 1: you look at or sid's share price in particular, it's 62 00:03:10,360 --> 00:03:13,480 Speaker 1: it's been kind of up and down, slumping quite heavily 63 00:03:13,520 --> 00:03:16,480 Speaker 1: on some of this news throughout the year. Yesterday it 64 00:03:16,560 --> 00:03:19,800 Speaker 1: was really hit by this, and then today slightly down 65 00:03:19,880 --> 00:03:22,480 Speaker 1: as well. And then there's also of course another main 66 00:03:22,480 --> 00:03:24,560 Speaker 1: one in Europe that would be affected as Vestas. 67 00:03:25,520 --> 00:03:29,480 Speaker 3: So yeah, yeah, harmful news, but question marks I think 68 00:03:29,480 --> 00:03:31,720 Speaker 3: also about whether legally that will hold up, that idea 69 00:03:31,760 --> 00:03:33,720 Speaker 3: of the national security will exactly shoe. 70 00:03:33,919 --> 00:03:35,800 Speaker 1: Yeah, And there was a note also just to say 71 00:03:36,040 --> 00:03:38,760 Speaker 1: from Jeffreys saying that they kind of would expect in 72 00:03:38,800 --> 00:03:40,720 Speaker 1: the long run needs to actually go through. So as 73 00:03:40,760 --> 00:03:43,600 Speaker 1: you say, that's kind of ties into that legality point. Okay, 74 00:03:43,840 --> 00:03:46,280 Speaker 1: Pets at Home have a new top dog. I've been 75 00:03:46,520 --> 00:03:49,240 Speaker 1: galing everyone on the team because we have a new 76 00:03:49,240 --> 00:03:52,440 Speaker 1: pet at Home, but not a dog, it's a cat anyway, 77 00:03:52,480 --> 00:03:55,600 Speaker 1: Pets at Home tell me more. Yes, a new top dog, 78 00:03:55,640 --> 00:03:58,720 Speaker 1: a new CEO. He's called James Bailey. He comes from Waitros. 79 00:03:59,440 --> 00:04:01,800 Speaker 1: He was managing director at Waitros. So it comes off 80 00:04:01,840 --> 00:04:04,840 Speaker 1: to Pets at Home obviously did very well during COVID 81 00:04:04,920 --> 00:04:06,880 Speaker 1: and then this year particular, have been struggling there in 82 00:04:06,920 --> 00:04:09,680 Speaker 1: the middle of a turnaround. So hoping that the stock 83 00:04:09,760 --> 00:04:12,200 Speaker 1: is rising on this slightly, so I guess there's a 84 00:04:12,200 --> 00:04:14,600 Speaker 1: bit of hopes for renewal in twenty twenty six. 85 00:04:15,760 --> 00:04:19,800 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 86 00:04:19,880 --> 00:04:22,440 Speaker 2: us throughout the day for the latest roundup of companies 87 00:04:22,520 --> 00:04:25,640 Speaker 2: making news on Wall Street and for the latest market 88 00:04:25,640 --> 00:04:30,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 89 00:04:30,200 --> 00:04:33,719 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 90 00:04:33,800 --> 00:04:35,279 Speaker 2: the Bloomberg Business app.