WEBVTT - AstraZeneca Up, Puma Rises, Greggs Rallies

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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>Let's have a look at stocks on the move today

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<v Speaker 3>here in Europe. I'm Caroline Heppi alongside Stephen Cowell, and

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<v Speaker 3>we're joined by Bin Becker. Reporter Chloe ma leg of

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<v Speaker 3>Morning Chloe. So, I'm just looking at the farmer stocks

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<v Speaker 3>across Europe. Actually they are doing very well. There's been

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<v Speaker 3>a lot of trepidation about what the US administration would do,

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<v Speaker 3>and there does seem to be a deal now with PFISA, Yeah.

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<v Speaker 1>Absolutely, and so Asher Seneca, but also Nevatis, rash never

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<v Speaker 1>in Orders. All of them were up this morning across

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<v Speaker 1>that farmer sector on the back of Pfireser's deal with

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<v Speaker 1>Trump on drug pricing. So PFISA has actually agreed to

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<v Speaker 1>slash some of his drug prices by up to eighty

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<v Speaker 1>five percent and also to sell directly to the American

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<v Speaker 1>public and all of that in exchange for a three

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<v Speaker 1>year grace period from pharmaceutical tariffs. And so what JP

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<v Speaker 1>morgan Alis have said is that this could kind of

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<v Speaker 1>act as a bell weather for that pharmaceutical sector, and

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<v Speaker 1>that European farmer companies could potentially strike similar deals with

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<v Speaker 1>the US administration that would let them essentially avoid the

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<v Speaker 1>worst of the tariffs. Was of the impact from tariffs,

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<v Speaker 1>and especially that one hundred percent tariff y on branded

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<v Speaker 1>drugs that Trump has announced. Eli Lilly has already said

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<v Speaker 1>it's in active discussions with the administration around a similar deal,

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<v Speaker 1>and so the European farmer stocks could follow. And that

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<v Speaker 1>is really driving the shares this morning.

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<v Speaker 2>And turning them to sportswear some good news there as well,

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<v Speaker 2>Nike's turn around starting to pay off haws that reppling

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<v Speaker 2>into Puma's shares today.

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<v Speaker 1>Yeah, so Puma, but also Adidas were up on the

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<v Speaker 1>back of this of Nike's turnaround this morning. So yesterday

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<v Speaker 1>last night Nike Nike reported dunnings and they were quite positive,

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<v Speaker 1>and in particular, the running segment did really well and

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<v Speaker 1>then the wholesale segment was also really boosting a sales.

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<v Speaker 1>So there could have been some negative read across for

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<v Speaker 1>the European rivals Puma and Adidas because you know, if

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<v Speaker 1>you have strengthened the running business in Nike, that could

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<v Speaker 1>potentially be a headwind for them. And also Nike mentions

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<v Speaker 1>some weakness in China, which would have potentially been a negative.

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<v Speaker 1>But it seems that the sales beat from Nike was

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<v Speaker 1>taken by the market as a sign that there is

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<v Speaker 1>kind of consumer momentum in that sports where sector, and

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<v Speaker 1>their boat's a little bit better for Puma and and Adidas.

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<v Speaker 1>Puma in particular has been in a bit of a

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<v Speaker 1>tougher spa. It's been struggling to appeal to shoppers, and

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<v Speaker 1>so that consumer environment looking more promising is definitely a boost.

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<v Speaker 3>Okay. Finally, greggs our investors convinced that the bakery chain

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<v Speaker 3>is going to be able to boost sales.

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<v Speaker 1>Well, it seems like it, because the greg shares that

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<v Speaker 1>their biggest jump since twenty twenty one after a training

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<v Speaker 1>update this morning. They said that training really improved in

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<v Speaker 1>August and that also in September, and that cost inflation

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<v Speaker 1>was easing a little bit, and it really it also

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<v Speaker 1>confirmed fully expectations, which provided some relief to investors after

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<v Speaker 1>what was quite a tough update in July. So in

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<v Speaker 1>July that flagged weaker growth and all of that had

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<v Speaker 1>led to short sellers betting against it at the highest

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<v Speaker 1>level since two thousand and eight, so it's not out

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<v Speaker 1>the woods yet. They're still a slowdown in store openings,

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<v Speaker 1>there's still some weakness in volumes. But this was a

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<v Speaker 1>really reassuring update to day from Gregs, and investors were

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<v Speaker 1>very very keen on it.

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