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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

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

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Speaker 2: 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 in Europe. I'm Stephen Kraw with Tom

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Speaker 3: McKenzie and we're joined by Bloomberg'schoemla for more. Chloe, good morning.

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Speaker 3: Let's start with Novo Nordisk advancing as much as five percent.

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Speaker 4: What's going on, Yeah, so quite a bit of a

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Speaker 4: boost this morning after a tough year for Nova Nordis.

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Speaker 4: So we'go vi, which is one of its blockbuster drugs,

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Speaker 4: got approved for a form of liver disease in the US,

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Speaker 4: and that means that Nova has access to that market

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Speaker 4: before its biggest rival, Eli Lilly, and we are talking

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Speaker 4: about quite a massive market. So this particular form of

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Speaker 4: viva disease is known as MASH and it is conditioned

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Speaker 4: that affects six percent of US adults, so that means

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Speaker 4: fourteen zero point nine million people, so not a negligible market.

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Speaker 4: And this is obviously a relief for Nova after quite

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Speaker 4: a lot of setbacks over the last few months. Before today,

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Speaker 4: the stock was down about fifty percent year today. It

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Speaker 4: has lost quite a lot of its competitive edge to

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Speaker 4: Ela Lily in weight loss, and it's also had to

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Speaker 4: deal with a lot of copycats of its GLP one drugs,

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Speaker 4: so it has had a few setbacks. But this this

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Speaker 4: is quite good news for nov and Orders this morning,

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Speaker 4: and and access to that market is definitely going to

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Speaker 4: be a positive going forward.

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Speaker 1: And Chlovere you talked about relief for Nova and Orders

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Speaker 1: in the drug space, there's also really for Vestas when

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Speaker 1: it comes to the wind turbine space as well. That

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Speaker 1: stock is storing up fourteen but certainly the last time

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Speaker 1: I checked it was the biggest movers across European stock.

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Speaker 1: So what is the story when it comes to Vestas.

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Speaker 4: Yes, so for Vestas, but that's because of tax guidance,

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Speaker 4: So that doesn't sound that exciting, but it is quite interesting.

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Speaker 4: So we basically have new guidance on tax credits that

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Speaker 4: was issued by the IRS in the Treasury Department in

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Speaker 4: the US. They release that guide us on Friday, and

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Speaker 4: it's related to clean energy projects. And ALYS have looked

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Speaker 4: at that guidance and realized that those new rules were

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Speaker 4: more lenient, better than was originally feared and therefore kind

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Speaker 4: of much more manageable for vest tests than expected. And

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Speaker 4: this guidance is crucial because the wind and solar projects

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Speaker 4: in the US must start construction within the year or

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Speaker 4: be placed in service by the end of twenty twenty

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Speaker 4: seven to qualify for some of those tax credits. So

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Speaker 4: the clarity on that on those new rules is propping

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Speaker 4: up vest tests this morning.

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Speaker 3: I mean, personally I love a bit of upgrade dated

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Speaker 3: tax guidance. I think, yeah, right to be. That makes

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Speaker 3: my day. Usually, let's come back to the story here

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Speaker 3: in London and shares in Bobcocker higher. What's driving that?

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Speaker 4: Yeah, good day for Babcock as well. So it got

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Speaker 4: upgraded by RBC two and outperform rating. RBC mentioned that

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Speaker 4: the company had a really good relationship with the UK

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Speaker 4: Ministry of Defense, it had really good engineering no how,

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Speaker 4: and it also has a really strong management team and

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Speaker 4: all of that is kind of boosting prospects for six

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Speaker 4: So that's very positive for Babcock and it's already been

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Speaker 4: outperforming its peers and that kind of smaller UK defense

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Speaker 4: space to companies like Kinetic or Mailrose Industries for example,

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Speaker 4: Babcock is doing quite a lot better, so that's probably

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Speaker 4: going to be widening the gap a little bit further.

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Speaker 4: And Babcock is also benefiting from a broader rally in

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Speaker 4: the defense sector in Europe. So we also saw shares

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Speaker 4: it in Ryan Madawan, Bae, Handsalt, etc. Rise this morning,

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Speaker 4: and that's obviously ahead of the talks between Trump and Zelenski.

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Speaker 4: There's still quite a lot of uncertgety around what a

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Speaker 4: potential piece Deale might look like and what Trump has

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Speaker 4: promised putin on Friday, and all of that is kind

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Speaker 4: of boosting defense chares this morning.

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Speaker 2: The Stock Movers report 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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