1 00:00:02,520 --> 00:00:07,040 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 --> 00:00:18,279 Speaker 3: Let's have a look at stocks on the move today 5 00:00:18,280 --> 00:00:21,200 Speaker 3: here in Europe. I'm Caroline Heppi alongside Stephen Cowell, and 6 00:00:21,239 --> 00:00:23,360 Speaker 3: we're joined by Bin Becker. Reporter Chloe ma leg of 7 00:00:23,400 --> 00:00:26,240 Speaker 3: Morning Chloe. So, I'm just looking at the farmer stocks 8 00:00:26,280 --> 00:00:29,440 Speaker 3: across Europe. Actually they are doing very well. There's been 9 00:00:29,480 --> 00:00:32,479 Speaker 3: a lot of trepidation about what the US administration would do, 10 00:00:32,560 --> 00:00:35,280 Speaker 3: and there does seem to be a deal now with PFISA, Yeah. 11 00:00:35,159 --> 00:00:39,279 Speaker 1: Absolutely, and so Asher Seneca, but also Nevatis, rash never 12 00:00:39,320 --> 00:00:42,280 Speaker 1: in Orders. All of them were up this morning across 13 00:00:42,280 --> 00:00:44,839 Speaker 1: that farmer sector on the back of Pfireser's deal with 14 00:00:44,920 --> 00:00:48,159 Speaker 1: Trump on drug pricing. So PFISA has actually agreed to 15 00:00:48,280 --> 00:00:51,320 Speaker 1: slash some of his drug prices by up to eighty 16 00:00:51,360 --> 00:00:54,720 Speaker 1: five percent and also to sell directly to the American 17 00:00:55,200 --> 00:00:57,480 Speaker 1: public and all of that in exchange for a three 18 00:00:57,560 --> 00:01:01,640 Speaker 1: year grace period from pharmaceutical tariffs. And so what JP 19 00:01:01,760 --> 00:01:04,000 Speaker 1: morgan Alis have said is that this could kind of 20 00:01:04,000 --> 00:01:07,000 Speaker 1: act as a bell weather for that pharmaceutical sector, and 21 00:01:07,040 --> 00:01:10,920 Speaker 1: that European farmer companies could potentially strike similar deals with 22 00:01:11,000 --> 00:01:14,920 Speaker 1: the US administration that would let them essentially avoid the 23 00:01:14,920 --> 00:01:18,280 Speaker 1: worst of the tariffs. Was of the impact from tariffs, 24 00:01:18,280 --> 00:01:21,440 Speaker 1: and especially that one hundred percent tariff y on branded 25 00:01:21,480 --> 00:01:25,119 Speaker 1: drugs that Trump has announced. Eli Lilly has already said 26 00:01:25,120 --> 00:01:29,720 Speaker 1: it's in active discussions with the administration around a similar deal, 27 00:01:29,720 --> 00:01:31,920 Speaker 1: and so the European farmer stocks could follow. And that 28 00:01:32,000 --> 00:01:33,959 Speaker 1: is really driving the shares this morning. 29 00:01:34,720 --> 00:01:37,679 Speaker 2: And turning them to sportswear some good news there as well, 30 00:01:37,760 --> 00:01:40,440 Speaker 2: Nike's turn around starting to pay off haws that reppling 31 00:01:40,480 --> 00:01:41,840 Speaker 2: into Puma's shares today. 32 00:01:42,360 --> 00:01:44,800 Speaker 1: Yeah, so Puma, but also Adidas were up on the 33 00:01:44,840 --> 00:01:49,120 Speaker 1: back of this of Nike's turnaround this morning. So yesterday 34 00:01:49,920 --> 00:01:55,440 Speaker 1: last night Nike Nike reported dunnings and they were quite positive, 35 00:01:55,480 --> 00:01:58,520 Speaker 1: and in particular, the running segment did really well and 36 00:01:58,520 --> 00:02:02,800 Speaker 1: then the wholesale segment was also really boosting a sales. 37 00:02:02,800 --> 00:02:05,120 Speaker 1: So there could have been some negative read across for 38 00:02:05,160 --> 00:02:08,400 Speaker 1: the European rivals Puma and Adidas because you know, if 39 00:02:08,440 --> 00:02:10,960 Speaker 1: you have strengthened the running business in Nike, that could 40 00:02:11,000 --> 00:02:14,320 Speaker 1: potentially be a headwind for them. And also Nike mentions 41 00:02:14,320 --> 00:02:17,520 Speaker 1: some weakness in China, which would have potentially been a negative. 42 00:02:17,520 --> 00:02:20,040 Speaker 1: But it seems that the sales beat from Nike was 43 00:02:20,080 --> 00:02:22,079 Speaker 1: taken by the market as a sign that there is 44 00:02:22,160 --> 00:02:25,440 Speaker 1: kind of consumer momentum in that sports where sector, and 45 00:02:25,480 --> 00:02:28,959 Speaker 1: their boat's a little bit better for Puma and and Adidas. 46 00:02:29,000 --> 00:02:31,120 Speaker 1: Puma in particular has been in a bit of a 47 00:02:31,160 --> 00:02:33,920 Speaker 1: tougher spa. It's been struggling to appeal to shoppers, and 48 00:02:33,960 --> 00:02:37,800 Speaker 1: so that consumer environment looking more promising is definitely a boost. 49 00:02:38,120 --> 00:02:42,919 Speaker 3: Okay. Finally, greggs our investors convinced that the bakery chain 50 00:02:43,000 --> 00:02:44,360 Speaker 3: is going to be able to boost sales. 51 00:02:44,919 --> 00:02:47,480 Speaker 1: Well, it seems like it, because the greg shares that 52 00:02:47,520 --> 00:02:50,840 Speaker 1: their biggest jump since twenty twenty one after a training 53 00:02:50,919 --> 00:02:53,840 Speaker 1: update this morning. They said that training really improved in 54 00:02:53,919 --> 00:02:57,120 Speaker 1: August and that also in September, and that cost inflation 55 00:02:57,360 --> 00:03:00,600 Speaker 1: was easing a little bit, and it really it also 56 00:03:00,639 --> 00:03:04,800 Speaker 1: confirmed fully expectations, which provided some relief to investors after 57 00:03:05,000 --> 00:03:07,840 Speaker 1: what was quite a tough update in July. So in 58 00:03:07,919 --> 00:03:11,079 Speaker 1: July that flagged weaker growth and all of that had 59 00:03:11,120 --> 00:03:13,840 Speaker 1: led to short sellers betting against it at the highest 60 00:03:13,880 --> 00:03:17,919 Speaker 1: level since two thousand and eight, so it's not out 61 00:03:17,960 --> 00:03:20,200 Speaker 1: the woods yet. They're still a slowdown in store openings, 62 00:03:20,200 --> 00:03:22,680 Speaker 1: there's still some weakness in volumes. But this was a 63 00:03:22,680 --> 00:03:26,200 Speaker 1: really reassuring update to day from Gregs, and investors were 64 00:03:26,400 --> 00:03:27,560 Speaker 1: very very keen on it. 65 00:03:28,960 --> 00:03:33,000 Speaker 2: The Stock Mover's report from Bloomberg Radio. 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