WEBVTT - Enagas Soars, AstraZeneca Gains, Pernod Ricard Rises 

0:00:02.520 --> 0:00:09.960
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News. The Stock Movers Report,

0:00:10.280 --> 0:00:13.520
<v Speaker 1>your roundup of companies making moves in the stock market.

0:00:13.680 --> 0:00:15.880
<v Speaker 1>Harnessing the power of Bloomberg Data.

0:00:16.480 --> 0:00:18.239
<v Speaker 2>Let's take a look at some of the stocks on

0:00:18.280 --> 0:00:21.320
<v Speaker 2>the move today in Europe. I'm Rachel Evans with Caroline Hepka,

0:00:21.440 --> 0:00:25.720
<v Speaker 2>and we're joined by Bloomberg reporter tiwa Adebio. Spanish natural

0:00:25.760 --> 0:00:28.760
<v Speaker 2>gas NAGAST has been making gains this morning. Fill us

0:00:28.760 --> 0:00:29.840
<v Speaker 2>in on what's going on there.

0:00:30.320 --> 0:00:33.080
<v Speaker 3>Well, Rachel is one of our equities reporters at Bloomberg

0:00:33.200 --> 0:00:35.680
<v Speaker 3>has put it this stock is soaring this morning, is

0:00:35.880 --> 0:00:40.320
<v Speaker 3>up as much as fifteen percent. So Anagas imports stores

0:00:40.360 --> 0:00:43.840
<v Speaker 3>and transports natural gas. They also operate plants across Spain.

0:00:44.400 --> 0:00:46.760
<v Speaker 3>And this uptick is a bit of a surprise. It

0:00:46.840 --> 0:00:51.360
<v Speaker 3>comes after the Spanish regulator unveiled a draft proposal for

0:00:51.600 --> 0:00:55.960
<v Speaker 3>gas companies, which JP Morgan is saying is unexpectedly positive.

0:00:56.240 --> 0:00:58.920
<v Speaker 3>So according to that analyst, you know, under the new proposals,

0:00:59.200 --> 0:01:01.960
<v Speaker 3>Nagas could benefit from as much as six hundred and

0:01:01.960 --> 0:01:05.000
<v Speaker 3>fifty million to seven hundred and fifty million euros of

0:01:05.080 --> 0:01:08.840
<v Speaker 3>incremental revenues. That's just in the first year, So it

0:01:08.880 --> 0:01:12.040
<v Speaker 3>really does come as a boost to the stock certainly,

0:01:12.160 --> 0:01:17.279
<v Speaker 3>emits uncertain times for importers and transporters of natural gas

0:01:17.400 --> 0:01:20.760
<v Speaker 3>like annygas. Is this conflict in the Middle East continues

0:01:20.840 --> 0:01:23.399
<v Speaker 3>to put pressure on global energy supplies. Yeah.

0:01:23.440 --> 0:01:28.520
<v Speaker 2>Absolutely. Meanwhile, a big win for Asenica after a key

0:01:28.560 --> 0:01:31.839
<v Speaker 2>breakthrough with a drug for lung disease.

0:01:32.400 --> 0:01:34.880
<v Speaker 3>That's right, So Astrozenica is near the top of the

0:01:35.040 --> 0:01:37.840
<v Speaker 3>Eurostock six hundred winners list this morning. It's up just

0:01:37.959 --> 0:01:40.760
<v Speaker 3>under four percent at the highest and the reason for

0:01:40.840 --> 0:01:43.479
<v Speaker 3>this is because of one of their experimental drugs. As

0:01:43.480 --> 0:01:47.200
<v Speaker 3>you mentioned, it's used to treat the deadly lung condition COPD,

0:01:47.360 --> 0:01:52.320
<v Speaker 3>that's chronic obstructive pulmonary disease. Now, this drug has emerged

0:01:52.440 --> 0:01:56.040
<v Speaker 3>from two separate studies now with results showing that it

0:01:56.120 --> 0:02:02.000
<v Speaker 3>brought statistically significant reductions to flare ups condition. The thinking

0:02:02.360 --> 0:02:05.840
<v Speaker 3>here from analysts surveyed by Boomberg is that this new

0:02:05.840 --> 0:02:09.040
<v Speaker 3>development could generate sales of around eight hundred and sixty

0:02:09.080 --> 0:02:13.320
<v Speaker 3>six million dollars a year by twenty thirty two. And

0:02:13.720 --> 0:02:17.320
<v Speaker 3>of course these results open up access to a broader,

0:02:17.440 --> 0:02:20.840
<v Speaker 3>more lucrative market here. But this is a particularly big

0:02:20.880 --> 0:02:24.520
<v Speaker 3>win for Astrosenica because similar products from its peers like

0:02:24.600 --> 0:02:28.560
<v Speaker 3>Sanofi and Rosch have disappointed in this area, So potentially

0:02:28.600 --> 0:02:32.600
<v Speaker 3>a first mover advantage here. But our Boomberg intelligence analysts

0:02:32.600 --> 0:02:35.160
<v Speaker 3>are warning to perhaps proceed with caution here because there

0:02:35.240 --> 0:02:37.320
<v Speaker 3>was a bit of a lack of detail in their

0:02:37.360 --> 0:02:41.720
<v Speaker 3>original statement about these results, and Astrosenica are still yet

0:02:41.760 --> 0:02:45.280
<v Speaker 3>to present this and its full findings and an upcoming

0:02:45.360 --> 0:02:46.399
<v Speaker 3>medical meeting.

0:02:46.360 --> 0:02:49.040
<v Speaker 2>Interesting, so the devil could be in the detail there. Meanwhile,

0:02:49.040 --> 0:02:51.160
<v Speaker 2>we've had some m and A newsed in the alcoholic

0:02:51.200 --> 0:02:52.600
<v Speaker 2>beverage space tell us more.

0:02:52.840 --> 0:02:54.720
<v Speaker 3>So, this still has really been the talk of the

0:02:54.800 --> 0:02:57.320
<v Speaker 3>industry as far as beverages are concerned. Over the last

0:02:57.320 --> 0:03:01.640
<v Speaker 3>two days, Perna Recard is reportedly in talks about a

0:03:01.680 --> 0:03:05.280
<v Speaker 3>potential acquisition of the owners of the firm that creates

0:03:05.400 --> 0:03:09.040
<v Speaker 3>Jack Daniel's Whiskey, That's Brown Foreman. It's a deal which

0:03:09.200 --> 0:03:11.840
<v Speaker 3>could create the second biggest player in the US market

0:03:11.880 --> 0:03:15.160
<v Speaker 3>according to analysts, so really significant. Shares up as much

0:03:15.160 --> 0:03:18.120
<v Speaker 3>as four point two percent this morning, but there are

0:03:18.240 --> 0:03:21.080
<v Speaker 3>questions from some analysts, Deutsche Bank saying they would be

0:03:21.200 --> 0:03:26.480
<v Speaker 3>surprised if the transaction actually did create material value for shareholders,

0:03:26.720 --> 0:03:30.040
<v Speaker 3>but some others, like Barclay's, saying it makes strategic sense.

0:03:30.160 --> 0:03:33.840
<v Speaker 3>So we'll definitely keep monitoring this one as those talks progress,

0:03:33.919 --> 0:03:37.040
<v Speaker 3>but certainly two very recognizable names within the setup.

0:03:37.960 --> 0:03:41.960
<v Speaker 1>The Stock Movers report from Bloomberg Radio. Check back with

0:03:42.040 --> 0:03:44.640
<v Speaker 1>us throughout the day for the latest roundup of companies

0:03:44.680 --> 0:03:47.800
<v Speaker 1>making news on Wall Street and for the latest market

0:03:47.840 --> 0:03:52.320
<v Speaker 1>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:03:52.400 --> 0:03:55.880
<v Speaker 1>Bloomberg dot com, and on Applecarplay and Android Auto with

0:03:55.960 --> 0:03:57.440
<v Speaker 1>the Bloomberg Business app.