WEBVTT - Novo Nordisk's Pill, Orsted Winded, Pets At Home Up

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Now, let's look at some of the stocks on the

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<v Speaker 3>move today in Europe. I'm Caroline Hepgett and I'm joined

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<v Speaker 3>by Bloomberg reporter Louise Moon. Louise, good to have you

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<v Speaker 3>with me. Nova Nordisk surging today, investors salivated because there's

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<v Speaker 3>been a new step forward for this drug maker.

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<v Speaker 1>Yeah, a real crucial step actually. So they've won approval

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<v Speaker 1>in the US to sell a pill version of wei Goovy,

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<v Speaker 1>their their blockbuster OBC drug. So that should start from

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<v Speaker 1>January and it's at a starting price of one hundred and

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<v Speaker 1>forty nine dollars a month. But the reason it's crucial

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<v Speaker 1>is Nova essentially kind of created this whole market and

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<v Speaker 1>then they've been struggling to keep up, particularly in competition

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<v Speaker 1>with the US rival Eli Lilly. And if you look

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<v Speaker 1>at their both to their share prices over the past

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<v Speaker 1>year or so, you can see a real divergence. So

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<v Speaker 1>Eli Lilly kind of shooting quite far higher, and Novo

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<v Speaker 1>has has had quite big losses really really this year,

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<v Speaker 1>so they're trying to keep up, they're trying to stay

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<v Speaker 1>competitive and have having lost ground to Eli Lilly, so

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<v Speaker 1>they're kind of relying on this new pill to fuel

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<v Speaker 1>that growth. So, as I say, so that will start

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<v Speaker 1>in January in the US, and they've also filed for

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<v Speaker 1>approval in Europe and elsewhere, so if and when that comes,

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<v Speaker 1>that could see it expanding out more globally. So as

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<v Speaker 1>you say, I mean, as you mentioned before, the stocks

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<v Speaker 1>is a lot higher on this news this morning, so

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<v Speaker 1>a bit of a boost to them. And then on

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<v Speaker 1>Eli Lilly's side, they've said that their own version could

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<v Speaker 1>be approved in March, so then it will kind of

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<v Speaker 1>remain to be seen how that then plays out between

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<v Speaker 1>the two in terms of competition.

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<v Speaker 3>Yeah, never know. This share price up six point six

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<v Speaker 3>percent at lease this morning, couldn't help. But notice that

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<v Speaker 3>the pill version apparently people drop about sixteen percent of

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<v Speaker 3>their body I was a standard by that, Yeah, which

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<v Speaker 3>is I think less than the JAB, But it means

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<v Speaker 3>that you can take the pill on a more sort

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<v Speaker 3>of ongoing basis. So I think that is the argument,

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<v Speaker 3>and obviously it's easier to do than I guess an injection,

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<v Speaker 3>so that on never nor disc are a huge bearmouth

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<v Speaker 3>of a business for Europe. Of course, now trouble at

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<v Speaker 3>the farm or Staid's wind.

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<v Speaker 1>Farm, that is, yes, So this is the latest of

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<v Speaker 1>the Trump administration. There's been a tumultuous year between the

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<v Speaker 1>Trump administration and the clean energy sector. And this was

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<v Speaker 1>news yesterday's it's a bit of a day to but

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<v Speaker 1>the austed stock is continuing to react. So the US

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<v Speaker 1>has suspended leases for all five wind farms that are

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<v Speaker 1>under construction off the east coast of America, and Bloomberg

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<v Speaker 1>estimates put the total committed capital for those five wind

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<v Speaker 1>farms at about twenty eight billion your stolets, So it's.

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<v Speaker 3>Big, a big deal.

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<v Speaker 1>This was so this was as I say, it was announced

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<v Speaker 1>yesterday and their citing national national security concern and so

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<v Speaker 1>they're saying that the turbines could get in the way

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<v Speaker 1>of radar systems. So, as I say, the industry has

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<v Speaker 1>been kind of repeatedly targeted by the Trump administration. If

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<v Speaker 1>you look at or sid's share price in particular, it's

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<v Speaker 1>it's been kind of up and down, slumping quite heavily

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<v Speaker 1>on some of this news throughout the year. Yesterday it

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<v Speaker 1>was really hit by this, and then today slightly down

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<v Speaker 1>as well. And then there's also of course another main

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<v Speaker 1>one in Europe that would be affected as Vestas.

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<v Speaker 3>So yeah, yeah, harmful news, but question marks I think

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<v Speaker 3>also about whether legally that will hold up, that idea

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<v Speaker 3>of the national security will exactly shoe.

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<v Speaker 1>Yeah, And there was a note also just to say

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<v Speaker 1>from Jeffreys saying that they kind of would expect in

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<v Speaker 1>the long run needs to actually go through. So as

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<v Speaker 1>you say, that's kind of ties into that legality point. Okay,

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<v Speaker 1>Pets at Home have a new top dog. I've been

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<v Speaker 1>galing everyone on the team because we have a new

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<v Speaker 1>pet at Home, but not a dog, it's a cat anyway,

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<v Speaker 1>Pets at Home tell me more. Yes, a new top dog,

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<v Speaker 1>a new CEO. He's called James Bailey. He comes from Waitros.

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<v Speaker 1>He was managing director at Waitros. So it comes off

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<v Speaker 1>to Pets at Home obviously did very well during COVID

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<v Speaker 1>and then this year particular, have been struggling there in

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<v Speaker 1>the middle of a turnaround. So hoping that the stock

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<v Speaker 1>is rising on this slightly, so I guess there's a

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<v Speaker 1>bit of hopes for renewal in twenty twenty six.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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