1 00:00:02,520 --> 00:00:07,000 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 00:00:16,400 --> 00:00:17,960 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,000 --> 00:00:20,959 Speaker 3: today in Europe. I'm Stephen Carroll and I'm joined by 6 00:00:20,960 --> 00:00:24,279 Speaker 3: Bloomberg's Breaking News editor Louise Louise. Good morning. Let's start 7 00:00:24,280 --> 00:00:27,200 Speaker 3: with the miners. Their names like Fresnelo are rallying. What's 8 00:00:27,240 --> 00:00:27,760 Speaker 3: behind us? 9 00:00:28,120 --> 00:00:30,680 Speaker 1: Indeed, ye, Fresnelo is leading the foot See one hundred 10 00:00:30,720 --> 00:00:33,720 Speaker 1: with its gains, and then also up there among the 11 00:00:33,760 --> 00:00:36,360 Speaker 1: top rises on the FOOTWEO hundred, you've got en Devor Mining, 12 00:00:36,400 --> 00:00:38,680 Speaker 1: on the foot Sea two fifty, you've got Hotshild Mining, 13 00:00:38,720 --> 00:00:42,480 Speaker 1: Pan African Resources, and essentially they're all rallying after gold 14 00:00:42,520 --> 00:00:45,800 Speaker 1: and silver have a hit record highs. Obviously, this is 15 00:00:45,800 --> 00:00:48,199 Speaker 1: on the back of you know, the US Justice Department 16 00:00:48,280 --> 00:00:52,159 Speaker 1: threatening the FED with cron indictment. There's independence concerns around that. 17 00:00:52,159 --> 00:00:56,080 Speaker 1: There's also protests in Iran, and so there's you know, 18 00:00:56,160 --> 00:00:59,280 Speaker 1: this this stronger demand for safer assets and this is 19 00:00:59,640 --> 00:01:03,600 Speaker 1: pushing precious metals up, and then with that the miners. 20 00:01:03,640 --> 00:01:06,200 Speaker 1: So then as I say, they're they're really leading the 21 00:01:06,200 --> 00:01:08,520 Speaker 1: gains across the indexes this morning in London. 22 00:01:09,640 --> 00:01:13,240 Speaker 3: Okay, so that's on Fresnillo and miners this morning. We're 23 00:01:13,280 --> 00:01:16,759 Speaker 3: also watching shares in Barclays though, falling after the President 24 00:01:16,800 --> 00:01:18,839 Speaker 3: Trump's comments about credit card rates. 25 00:01:19,200 --> 00:01:21,200 Speaker 1: Indeed, yeah, so on the other end of the spectrum, 26 00:01:21,240 --> 00:01:23,640 Speaker 1: we've got Barkleays the biggest loser on the foot see 27 00:01:23,720 --> 00:01:26,240 Speaker 1: hundred in London this morning. As you say, falling fell 28 00:01:26,319 --> 00:01:29,240 Speaker 1: as much as four point eight percent this morning on 29 00:01:29,280 --> 00:01:32,320 Speaker 1: the back of these Trump comments. These were said on Sunday, 30 00:01:32,680 --> 00:01:35,320 Speaker 1: essentially saying that credit card lenders would be in violation 31 00:01:35,400 --> 00:01:37,279 Speaker 1: of the law if they don't do what he says 32 00:01:38,000 --> 00:01:40,919 Speaker 1: or he suggests and cap interest rates at ten percent 33 00:01:41,000 --> 00:01:44,560 Speaker 1: for one year. So he set a January twentieth deadline 34 00:01:44,680 --> 00:01:47,800 Speaker 1: for compliance on that for these banks to comply on that. 35 00:01:48,360 --> 00:01:51,440 Speaker 1: It's not you know, his demand is not backed up 36 00:01:51,440 --> 00:01:54,400 Speaker 1: by legislation, So it's not totally clear how these banks 37 00:01:54,440 --> 00:01:56,600 Speaker 1: would be breaking the law if they didn't comply with 38 00:01:56,920 --> 00:02:01,040 Speaker 1: what Trump says. But obviously it's bringing the into the crosshairs, 39 00:02:01,040 --> 00:02:06,040 Speaker 1: and you know, comments like that from Trump obviously move 40 00:02:06,120 --> 00:02:09,520 Speaker 1: markets a lot mover stop prices a lot. So Barclays 41 00:02:10,400 --> 00:02:12,440 Speaker 1: is the British one that's kind of moving on the 42 00:02:12,440 --> 00:02:14,280 Speaker 1: back of that. It's very exposed. It's got a US 43 00:02:14,360 --> 00:02:16,880 Speaker 1: credit card business. It makes about a third of its 44 00:02:16,880 --> 00:02:20,760 Speaker 1: net revenue in the US. So shares being pulled down 45 00:02:21,000 --> 00:02:24,440 Speaker 1: into the red quite heavily on the back of those comments. 46 00:02:24,400 --> 00:02:27,720 Speaker 3: Okay, and a huge surge in shares in the French 47 00:02:27,760 --> 00:02:30,320 Speaker 3: biotech for an abbi vax what's going on. 48 00:02:30,919 --> 00:02:34,560 Speaker 1: Indeed, as much as thirty one percent they're gains this morning. 49 00:02:34,919 --> 00:02:39,120 Speaker 1: This is about speculation about a possible takeover. So it's 50 00:02:39,160 --> 00:02:41,920 Speaker 1: already kind of been viewed as an attractive acquisition asset. 51 00:02:42,560 --> 00:02:47,480 Speaker 1: Their shares have risen hugely over the past year, almost 52 00:02:47,480 --> 00:02:49,160 Speaker 1: two thousand percent, on the view that it would be 53 00:02:49,160 --> 00:02:53,359 Speaker 1: an attractive acquisition target. And this is partly based around 54 00:02:53,919 --> 00:02:57,400 Speaker 1: they're expecting clinical trial results this year for a key drug, 55 00:02:57,440 --> 00:03:01,440 Speaker 1: for an experimental drug for inflammatory bowders, and so because 56 00:03:01,480 --> 00:03:04,240 Speaker 1: of that, you know, there's analyst saying that you can't 57 00:03:04,240 --> 00:03:05,600 Speaker 1: ignore that this would be one of the most used 58 00:03:05,600 --> 00:03:07,919 Speaker 1: products in the next decade. Because of that, it's becoming 59 00:03:08,440 --> 00:03:13,160 Speaker 1: or expecting to become an attractive acquisition target. The latest 60 00:03:13,160 --> 00:03:16,040 Speaker 1: speculation being reported by French media is that Eli Lilly 61 00:03:16,120 --> 00:03:18,080 Speaker 1: is ready to make an offer and that's for fifteen 62 00:03:18,400 --> 00:03:22,160 Speaker 1: billion euros to buy it. The company hasn't confirmed this, 63 00:03:22,520 --> 00:03:26,960 Speaker 1: but that is what's being reported, and you know they've 64 00:03:26,960 --> 00:03:29,399 Speaker 1: they've declined to comment about that. But as I say, 65 00:03:29,440 --> 00:03:32,480 Speaker 1: it's being positioned as a takeover target. There's eyes on it. 66 00:03:32,520 --> 00:03:34,480 Speaker 1: Shares a surging on the back of this, so we'll 67 00:03:34,480 --> 00:03:38,400 Speaker 1: becoming a close eye for this potential big MNA deal. 68 00:03:39,200 --> 00:03:43,200 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 69 00:03:43,280 --> 00:03:45,880 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:45,920 --> 00:03:49,000 Speaker 2: making news on Wall Street and for the latest market 71 00:03:49,080 --> 00:03:53,520 Speaker 2: moving headlines. 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