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

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Speaker 2: The Stock Movers podcast, 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 of the stocks on

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Speaker 3: the move today here in Europe. I'm Caroline Hepkit with

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Speaker 3: Lizzie Burden and we're joined by Blue Begs Equities report

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Speaker 3: at Joe Eason Goodborney. Sanofi trials are not the sort

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Speaker 3: of breath of fresh air that markets were really hoping

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Speaker 3: for talking about drug trials today.

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Speaker 1: Yes, so this is actually the big shock of the

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Speaker 1: morning in terms of the market moves. So we're seeing

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Speaker 1: SINOFEE shares down currently around seven percent. Now that is

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Speaker 1: a pretty big move for that stock. It is continuing

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Speaker 1: to decline as I speak. Now this is all on

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Speaker 1: a drug trial data just bring out. That's the biggest

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Speaker 1: move in around eighteen months for that stock currently. So

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Speaker 1: it's not the announcing some trial data for a drug

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Speaker 1: that is treating former smokers that had a lung condition.

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Speaker 1: Now it's not been as successful as they had hoped unfortunately,

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Speaker 1: and therefore the market is kind of writing down the

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Speaker 1: value of this drug.

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Speaker 2: It was said to.

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Speaker 1: Be worth around five billion in terms of peak sales

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Speaker 1: if they can get it approved. But at the moment

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Speaker 1: there were two elements to the trial and one of

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Speaker 1: them has clearly disappointed investors. Analyst telling me today that

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Speaker 1: it was not the home run that they expected it

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Speaker 1: to be. So that is the reason for Snoffee down today. Now,

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Speaker 1: Sam for the ticker there on that one, that's a shame.

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Speaker 1: But we are looking at MG shares up quite a

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Speaker 1: fair bit, up six point four percent.

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Speaker 2: MG looking at some m and a.

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Speaker 1: Yes, MNG, the ticker being MNG on that onset. That's

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Speaker 1: an easy one to remember. That one is up around

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Speaker 1: nine percent today. Deitchi Life over in Japan buying a

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Speaker 1: fifteen cent steak in the UK life insurer. Now, this

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Speaker 1: will do two things. Firstly, it will improve their cooperation

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Speaker 1: together in terms of the life insurance market cooperation and

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Speaker 1: also on the more asset management side, it will provide

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Speaker 1: at least six billion dollars in new flows for MNG.

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Speaker 1: MNG being one of the UK's biggest asset managers and

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Speaker 1: life insurance companies. It did reduce some of their life

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Speaker 1: some of their asset management business previously, but still have

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Speaker 1: a decent stake. There is that one the best performer

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Speaker 1: in the UK op six percent currently.

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Speaker 3: Okay, and what about Gap looking at a hole in

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Speaker 3: their Asia sales. I know we look. We like the puns.

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Speaker 3: We try to keep a bit lighted.

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Speaker 1: The yeah yeah Gap there. Yeah, so Gap with a

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Speaker 1: gap in their sales missing expectations. So they were predicting

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Speaker 1: growth of around two percent in terms of sales growth.

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Speaker 1: That was below some of the analyst expectations. That came

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Speaker 1: after the market yesterday, Gap shares absolutely tanked. They were

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Speaker 1: down fifteen percent in the post market. We saw some

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Speaker 1: weakness coming through into Zara. Well the owner of Zara

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Speaker 1: indetects it X that one was down around one percent

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Speaker 1: of the open HMBH and M that was also down.

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Speaker 1: They have actually recovered recently, some analysts saying that it

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Speaker 1: is specifically weakness over in Gaps Banana Republic brand, which

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Speaker 1: I don't think we really have much of. Hero. I

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Speaker 1: don't think I've got any of that myself. I did

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Speaker 1: us the love Gap when we had the stores, but

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Speaker 1: they closed all the Gap stores in the UK, so

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Speaker 1: line yeah it's all online now.

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Speaker 3: Yeah.

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Speaker 1: I used to pop in there on my lunch break. Actually,

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Speaker 1: but now it's they don't seem to be around anymore. Sadly,

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Speaker 1: but gap feeding through a bit of weakness and the

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Speaker 1: UK clothing retail stocks down again today.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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

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

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

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Speaker 2: Bloomberg dot com, and on applecarplaying Android Atto with the

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Speaker 2: Bloomberg Business app. Mm hmm,