1 00:00:02,520 --> 00:00:07,360 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 00:00:16,280 --> 00:00:17,759 Speaker 3: Well, let's have a look at some of the stocks 5 00:00:17,880 --> 00:00:20,120 Speaker 3: on the move today here in Europe. I'm Caroline Hepkar 6 00:00:20,239 --> 00:00:22,760 Speaker 3: with Stephen Cowell, and we're joined by Bloomberg's Breaking News 7 00:00:22,880 --> 00:00:23,960 Speaker 3: editor Louise Moon. 8 00:00:24,040 --> 00:00:24,800 Speaker 1: Luie's good morning. 9 00:00:24,840 --> 00:00:28,560 Speaker 3: Let's begin with Beyer, which makes agricultural products, and the 10 00:00:28,640 --> 00:00:31,960 Speaker 3: Trump administration seems to have stepped in to back the 11 00:00:32,040 --> 00:00:37,120 Speaker 3: firm's appeals against US lawsuits that have been targeting for 12 00:00:37,240 --> 00:00:41,640 Speaker 3: quite some time. Bear's top selling weed killer. Indeed, yeah so, 13 00:00:41,720 --> 00:00:44,239 Speaker 3: shares a surgeon in Germany on this news. They're up 14 00:00:44,240 --> 00:00:47,120 Speaker 3: the most in about two decades this morning. So, as 15 00:00:47,120 --> 00:00:49,479 Speaker 3: you say, yeah so, a Trump official has urged the 16 00:00:49,560 --> 00:00:52,120 Speaker 3: US High Court to consider Bear's appeal to this case. 17 00:00:52,240 --> 00:00:54,279 Speaker 3: This is thousands of lawsuits that have been going on 18 00:00:54,320 --> 00:00:58,640 Speaker 3: for years blaming their weedkiller for causing cancer essentially, so 19 00:00:58,680 --> 00:01:00,440 Speaker 3: this is the US list the general So, yeah, he's 20 00:01:00,440 --> 00:01:03,320 Speaker 3: recommended that the High Court agrees to hear Beer's challenges, 21 00:01:03,680 --> 00:01:06,760 Speaker 3: which is which makes a big difference. 22 00:01:06,760 --> 00:01:09,480 Speaker 4: So if you look at the statistics around it. The 23 00:01:09,560 --> 00:01:12,840 Speaker 4: Supreme Court now has to decide whether to take the case, 24 00:01:12,880 --> 00:01:15,920 Speaker 4: and usually they only accept less than one percent of petitions, 25 00:01:15,920 --> 00:01:18,960 Speaker 4: but with this backing, the probability rises to more than 26 00:01:19,000 --> 00:01:22,080 Speaker 4: seventy percent. So it's a big, a big deal. So 27 00:01:22,360 --> 00:01:24,399 Speaker 4: that's the next thing that's being looked at. That the 28 00:01:24,400 --> 00:01:26,800 Speaker 4: focus is now moving on on what the Supreme Court 29 00:01:27,280 --> 00:01:30,240 Speaker 4: will decide. But as you say, it's played them you know, 30 00:01:30,360 --> 00:01:32,640 Speaker 4: for years to come. They've already paid over about ten 31 00:01:32,680 --> 00:01:35,000 Speaker 4: billion dollars in verdicts in settlements. 32 00:01:35,280 --> 00:01:36,920 Speaker 1: So Alice is saying, obviously this is this. 33 00:01:36,840 --> 00:01:40,280 Speaker 4: Is a positive indication and they're looking at could this 34 00:01:40,319 --> 00:01:43,200 Speaker 4: potentially mean if this you know, goes ahead, that there 35 00:01:43,200 --> 00:01:46,760 Speaker 4: could be lower provision requirements and so on. So yeah, 36 00:01:46,840 --> 00:01:48,480 Speaker 4: shares surging on the back of that, So we will be 37 00:01:48,520 --> 00:01:51,080 Speaker 4: keeping an eye as to what the Supreme Court actually 38 00:01:51,240 --> 00:01:53,840 Speaker 4: end up deciding and what happens going forward with the case. 39 00:01:54,520 --> 00:01:56,920 Speaker 1: Okay, So that on Bayer to UK banks now the 40 00:01:56,920 --> 00:01:59,520 Speaker 1: country seven largest lenders have passed. The Bank of England 41 00:01:59,560 --> 00:02:01,120 Speaker 1: stressed how that's going down on. 42 00:02:01,120 --> 00:02:05,000 Speaker 4: Markets going down quite well. Shares are taking high into 43 00:02:05,000 --> 00:02:07,960 Speaker 4: the green across the board. So the likes of Lloyd, HSBC, 44 00:02:08,400 --> 00:02:13,440 Speaker 4: that West not hugely higher potentially because they were all 45 00:02:13,520 --> 00:02:15,080 Speaker 4: kind of they were all expected to pass. 46 00:02:15,160 --> 00:02:18,440 Speaker 1: But it is still very good news for the bank. 47 00:02:18,560 --> 00:02:21,120 Speaker 4: So as you say, they passed this stressess it essentially 48 00:02:21,400 --> 00:02:24,760 Speaker 4: examines how resilient they are to an economic shock that's 49 00:02:24,760 --> 00:02:26,160 Speaker 4: worse than their financial crisis. 50 00:02:26,160 --> 00:02:27,760 Speaker 1: That's what they're examined against. 51 00:02:28,160 --> 00:02:31,000 Speaker 4: So the results are showing that all of these banks 52 00:02:31,040 --> 00:02:34,440 Speaker 4: can support the economy even if conditions are you know, 53 00:02:34,520 --> 00:02:38,280 Speaker 4: materiously materially worse than expected. The BWI also said that 54 00:02:38,360 --> 00:02:41,880 Speaker 4: none need to strengthen their capital positions and also cut 55 00:02:41,880 --> 00:02:46,320 Speaker 4: the estimates of how much the sector needs in capital requirements. 56 00:02:46,400 --> 00:02:48,440 Speaker 1: That was for the first time in a decade. So 57 00:02:48,440 --> 00:02:49,480 Speaker 1: it's some positive news for them. 58 00:02:49,520 --> 00:02:52,200 Speaker 4: As I say, shares are higher, but not hugely, you know, 59 00:02:52,400 --> 00:02:53,519 Speaker 4: no huge movements. 60 00:02:53,240 --> 00:02:56,200 Speaker 1: On this news, but good news for the banking sector. Okay. 61 00:02:56,280 --> 00:03:00,120 Speaker 3: So that with the Bank of England's verdicts, then on 62 00:03:00,160 --> 00:03:04,160 Speaker 3: the banking industry in the UK, Campari is our last 63 00:03:04,200 --> 00:03:07,560 Speaker 3: stock and that is rising today because of strong growth 64 00:03:07,600 --> 00:03:09,040 Speaker 3: prospects in the US. 65 00:03:09,320 --> 00:03:12,000 Speaker 4: Yeah, so Barkley's has raised their recommendation. So it's all 66 00:03:12,040 --> 00:03:13,919 Speaker 4: on the back of this. They've also increased their price 67 00:03:14,040 --> 00:03:18,560 Speaker 4: target for Campari. They're saying that Campari is well balanced 68 00:03:18,600 --> 00:03:24,760 Speaker 4: to benefit from trends including modernization, more purchasing of kind 69 00:03:24,800 --> 00:03:28,800 Speaker 4: of premium products, convenient consumption, consumption, that kind of thing, 70 00:03:28,840 --> 00:03:31,760 Speaker 4: and they're going to really outform they think in the 71 00:03:31,840 --> 00:03:35,120 Speaker 4: US spirit sector. They noted particularly Aprool, which is one 72 00:03:35,160 --> 00:03:36,520 Speaker 4: of Campari's products. 73 00:03:37,080 --> 00:03:38,960 Speaker 1: And yeah, as to the. 74 00:03:38,840 --> 00:03:42,120 Speaker 4: Positive news for a Campari, they recently well in October 75 00:03:42,360 --> 00:03:46,119 Speaker 4: they had their third quarters results. They'd bet Isthmut's. They've 76 00:03:46,120 --> 00:03:49,520 Speaker 4: alsoually also recently outlined a new strategy that was in November. 77 00:03:50,440 --> 00:03:53,720 Speaker 4: And now if you look at their analyst ratings now 78 00:03:53,760 --> 00:03:59,000 Speaker 4: with Barclay's change, there's nine nine ratings for a buy 79 00:03:59,200 --> 00:04:02,680 Speaker 4: and twelve for a whole, so slowly creeping up into 80 00:04:02,760 --> 00:04:05,880 Speaker 4: the buys. So yeah, rising on that news this morning, 81 00:04:06,240 --> 00:04:08,560 Speaker 4: adding to games recently in the past few. 82 00:04:08,440 --> 00:04:13,680 Speaker 2: Weeks, the Stockmovers Report from Bloomberg Radio. Check back with 83 00:04:13,760 --> 00:04:16,360 Speaker 2: us throughout the day for the latest roundup of companies 84 00:04:16,440 --> 00:04:19,520 Speaker 2: making news on Wall Street and for the latest market 85 00:04:19,560 --> 00:04:24,040 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube. 86 00:04:24,120 --> 00:04:27,599 Speaker 2: Bloomberg dot com and on Applecarplay and Android Auto with 87 00:04:27,680 --> 00:04:29,159 Speaker 2: the Bloomberg Business App.