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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move

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Speaker 3: today in Europe. I'm Jack Senters with Stephen Carroll. We're

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Speaker 3: joined by Bloomberg reporter Chloe Melley Beyer Boyd. This morning

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Speaker 3: by US court case tell us why Yeah, It's good,

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Speaker 3: D Bad?

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Speaker 1: Today the US Supreme Court said that they would hear

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Speaker 1: the company's appeal that is related to lawsuits against its

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Speaker 1: roundup heerb side, which has been accused of causing cancer,

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Speaker 1: and so favorable ruling from the Supreme Court would essentially

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Speaker 1: undercut thousands of similar cases related to this round of weedkiller.

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Speaker 1: And this litigation has been a problem for Buyer for

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Speaker 1: years because it inherited it when it bought Monsanta in

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Speaker 1: twenty eighteen, and it's already paid more than ten billion

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Speaker 1: dollars in verdicts and settlements. It's set aside another six

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Speaker 1: billion dollars, so favorable ruling would be very positive for

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Speaker 1: the company. It is worth noting that even if the

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Speaker 1: court does rule in favor of Buyer, it would not

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Speaker 1: necessarily end all litigation. Some plaintiffs could actually shift their

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Speaker 1: strategy towards claims such as faulty marketing instead of failure

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Speaker 1: to warn about cancer risks. But this decision is definitely

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Speaker 1: still a really big milestone. It will significantly reduce the

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Speaker 1: risks for buyer and it means that some of the

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Speaker 1: pending sixty seven thousand cases will actually lose some of

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Speaker 1: them will lose their legal footing and will prefer to

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Speaker 1: go for maybe out of court settlements which are better,

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Speaker 1: more favorable for buyer.

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Speaker 3: Yeah. Indeed, in shaes up by six point nine percent

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Speaker 3: of the moment on the back of that less positive

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Speaker 3: picture of facing BMW this morning, it shares are currently

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Speaker 3: four point three percent lower.

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Speaker 1: What's happening, Yeah, BMW, Volksbagen, Porsche, Mercedes, all of this. Sorry,

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Speaker 1: car makers today are down because of course of the

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Speaker 1: tariff news that we all got over the weekend. So

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Speaker 1: Trump announcing this ten percent levy on eight countries that

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Speaker 1: are opposed to his plans to acquire Greenland and then

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Speaker 1: saying that the tariff would increase to twenty five percent

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Speaker 1: in June unless a deal is reached for the US

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Speaker 1: to get Greenland. So as expected, all the sectors that

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Speaker 1: are vulnerable to those tariffs are weaker this morning. In

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Speaker 1: car makers in particular are very exposed to this. They

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Speaker 1: had a really tough time last year when tariffs were

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Speaker 1: first announced, and then things calm down a little bit

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Speaker 1: for them when a tariff deal was reached between the

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Speaker 1: US and the EU. But now we have this threat

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Speaker 1: from Trump and then the EU retaliating potentially imposing tariffs

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Speaker 1: on one hundred billion dollars worth of US goods, and

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Speaker 1: then also saying that it would hold the approval of

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Speaker 1: the July trade deal because the European Parliament still needs

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Speaker 1: to ratify that. So old wounds are essentially being reopened there.

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Speaker 1: And this tension and all this uncertainty is not going

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Speaker 1: to be positive for the car industry, which is already

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Speaker 1: dealing with a lot, you know, is dealing with Chinese competition.

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Speaker 1: Some of those carmakers are going through really big ambition

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Speaker 1: just turn arounds, like Stilandis and Porsche, and so this

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Speaker 1: news of tariff's is going to be an additional challenge

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Speaker 1: that they have to deal with.

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Speaker 3: And Clarry a similar story at LVMH. Why are they

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Speaker 3: done well?

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Speaker 1: Morgan stanleianists are essentially saying don't get too excited about

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Speaker 1: ivmjor they downgraded the companies, saying that they are taking

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Speaker 1: a pause for breath because there is a limited rooms

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Speaker 1: for shares to appreciate in the near term. And that

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Speaker 1: is despite the fact that the luxury industry is actually

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Speaker 1: in a much better place now, has definitely much more

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Speaker 1: catalyst now than it had a year ago, and we

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Speaker 1: had a which more for example last week reporting cells

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Speaker 1: that came in way ahead of estimates. There is bubary

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Speaker 1: this week that is expected to show that a strategy

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Speaker 1: is really paying off, that sales are accelerating. So there

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Speaker 1: is a lot of enthusiasm in the luxury sector at

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Speaker 1: the moment as we are waiting for all of those

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Speaker 1: companies to report. But Morgan Stanleianliss are saying that there

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Speaker 1: is there are still risks at least for that big

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Speaker 1: luxury player LVMH with currency creation still being a bit

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Speaker 1: of a drag a tariffs, and then this news of

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Speaker 1: tariffs are also potentially being back in the conversation causing

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Speaker 1: potentially some further challenges there as well. So lbmage get

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Speaker 1: excited but not too excited is essentially the.

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Speaker 2: Headline the Stock Movers Report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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