Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today in Europe. I'm Rachel Evans with Caroline Hepka,
Speaker 2: and we're joined by Bloomberg reporter tiwa Adebio. Spanish natural
Speaker 2: gas NAGAST has been making gains this morning. Fill us
Speaker 2: in on what's going on there.
Speaker 3: Well, Rachel is one of our equities reporters at Bloomberg
Speaker 3: has put it this stock is soaring this morning, is
Speaker 3: up as much as fifteen percent. So Anagas imports stores
Speaker 3: and transports natural gas. They also operate plants across Spain.
Speaker 3: And this uptick is a bit of a surprise. It
Speaker 3: comes after the Spanish regulator unveiled a draft proposal for
Speaker 3: gas companies, which JP Morgan is saying is unexpectedly positive.
Speaker 3: So according to that analyst, you know, under the new proposals,
Speaker 3: Nagas could benefit from as much as six hundred and
Speaker 3: fifty million to seven hundred and fifty million euros of
Speaker 3: incremental revenues. That's just in the first year, So it
Speaker 3: really does come as a boost to the stock certainly,
Speaker 3: emits uncertain times for importers and transporters of natural gas
Speaker 3: like annygas. Is this conflict in the Middle East continues
Speaker 3: to put pressure on global energy supplies. Yeah.
Speaker 2: Absolutely. Meanwhile, a big win for Asenica after a key
Speaker 2: breakthrough with a drug for lung disease.
Speaker 3: That's right, So Astrozenica is near the top of the
Speaker 3: Eurostock six hundred winners list this morning. It's up just
Speaker 3: under four percent at the highest and the reason for
Speaker 3: this is because of one of their experimental drugs. As
Speaker 3: you mentioned, it's used to treat the deadly lung condition COPD,
Speaker 3: that's chronic obstructive pulmonary disease. Now, this drug has emerged
Speaker 3: from two separate studies now with results showing that it
Speaker 3: brought statistically significant reductions to flare ups condition. The thinking
Speaker 3: here from analysts surveyed by Boomberg is that this new
Speaker 3: development could generate sales of around eight hundred and sixty
Speaker 3: six million dollars a year by twenty thirty two. And
Speaker 3: of course these results open up access to a broader,
Speaker 3: more lucrative market here. But this is a particularly big
Speaker 3: win for Astrosenica because similar products from its peers like
Speaker 3: Sanofi and Rosch have disappointed in this area, So potentially
Speaker 3: a first mover advantage here. But our Boomberg intelligence analysts
Speaker 3: are warning to perhaps proceed with caution here because there
Speaker 3: was a bit of a lack of detail in their
Speaker 3: original statement about these results, and Astrosenica are still yet
Speaker 3: to present this and its full findings and an upcoming
Speaker 3: medical meeting.
Speaker 2: Interesting, so the devil could be in the detail there. Meanwhile,
Speaker 2: we've had some m and A newsed in the alcoholic
Speaker 2: beverage space tell us more.
Speaker 3: So, this still has really been the talk of the
Speaker 3: industry as far as beverages are concerned. Over the last
Speaker 3: two days, Perna Recard is reportedly in talks about a
Speaker 3: potential acquisition of the owners of the firm that creates
Speaker 3: Jack Daniel's Whiskey, That's Brown Foreman. It's a deal which
Speaker 3: could create the second biggest player in the US market
Speaker 3: according to analysts, so really significant. Shares up as much
Speaker 3: as four point two percent this morning, but there are
Speaker 3: questions from some analysts, Deutsche Bank saying they would be
Speaker 3: surprised if the transaction actually did create material value for shareholders,
Speaker 3: but some others, like Barclay's, saying it makes strategic sense.
Speaker 3: So we'll definitely keep monitoring this one as those talks progress,
Speaker 3: but certainly two very recognizable names within the setup.
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