1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,200 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,239 --> 00:00:20,640 Speaker 3: today in Europe. I'm Stephen Carroll with Lizzie Burdon and 6 00:00:20,680 --> 00:00:23,560 Speaker 3: we're joined by Bloomberg's Breaking These editor Louise Moon. Louise, 7 00:00:23,600 --> 00:00:27,200 Speaker 3: good morning. So pressure on LVMH this morning, no bubbly 8 00:00:27,240 --> 00:00:28,720 Speaker 3: out for them? Why indeed? 9 00:00:28,760 --> 00:00:30,200 Speaker 1: Yeah, this is of course on the back of the 10 00:00:30,240 --> 00:00:33,040 Speaker 1: story that Trump has signaled he could impose a two 11 00:00:33,159 --> 00:00:36,640 Speaker 1: hundred percent tariff on French wines and champagnes. Now this 12 00:00:36,680 --> 00:00:40,600 Speaker 1: is after him asking countries to pay a billion to 13 00:00:40,640 --> 00:00:43,680 Speaker 1: be on his Peace board, mccron rejecting that invitation to 14 00:00:43,760 --> 00:00:47,720 Speaker 1: join the Peace Board, and so this is weighing on 15 00:00:48,440 --> 00:00:52,879 Speaker 1: stocks links to French wines and champagne. So ELVIMH is 16 00:00:53,120 --> 00:00:57,200 Speaker 1: one of them. Of course, the sector's already under pressure. 17 00:00:57,760 --> 00:01:00,240 Speaker 1: Trump has said he impose a ten percent tariff as 18 00:01:00,240 --> 00:01:04,360 Speaker 1: of February first. That's on the back of the Greenland situation. 19 00:01:04,480 --> 00:01:08,160 Speaker 1: So that's already been weighing on on LVMH. If we 20 00:01:08,200 --> 00:01:10,600 Speaker 1: are to pluck that one out as an example. So 21 00:01:10,600 --> 00:01:14,800 Speaker 1: they're on track for the seventh street session of losses 22 00:01:14,880 --> 00:01:18,759 Speaker 1: in Paris. That's the longest streak since March. And as 23 00:01:18,760 --> 00:01:21,880 Speaker 1: I say, down today on the back of this latest 24 00:01:21,880 --> 00:01:25,240 Speaker 1: news of potential additional tariff. So they were down about 25 00:01:25,560 --> 00:01:28,160 Speaker 1: just over two percent last time I looked shares at 26 00:01:28,200 --> 00:01:31,679 Speaker 1: levels last scene in October. And of course this is 27 00:01:31,959 --> 00:01:35,839 Speaker 1: you know, lvimsher behind Moet Verve Clico and a host 28 00:01:35,840 --> 00:01:39,440 Speaker 1: of the brand, so really being hit by Trump's saying 29 00:01:39,480 --> 00:01:42,600 Speaker 1: that he could impose those tariffs. And meanwhile Louise drama 30 00:01:42,640 --> 00:01:45,319 Speaker 1: at sea. One investor at the yacht maker Ferretti wants 31 00:01:45,360 --> 00:01:47,200 Speaker 1: to throw another investor overboard. 32 00:01:47,240 --> 00:01:47,920 Speaker 2: What's going on? 33 00:01:48,040 --> 00:01:50,840 Speaker 1: Indeed, Yeah, So the second largest investor this is a 34 00:01:50,840 --> 00:01:56,120 Speaker 1: company called KKCG Maritimes. They're part of Caramec's investment group 35 00:01:56,160 --> 00:01:58,880 Speaker 1: that's the Czech billionaire. So they're the second largest investor 36 00:01:58,880 --> 00:02:01,560 Speaker 1: in Ferretti, the yacht maker. They're planning to propose a 37 00:02:01,600 --> 00:02:05,080 Speaker 1: shareholder vote to ours directors that are linked to the 38 00:02:05,120 --> 00:02:08,440 Speaker 1: top shareholder. This is a Chinese company called Waychai Group, 39 00:02:08,680 --> 00:02:10,679 Speaker 1: So essentially they're setting up kind of a proxy fight 40 00:02:10,720 --> 00:02:13,520 Speaker 1: to challenge that influence. This is a this is an 41 00:02:13,560 --> 00:02:16,760 Speaker 1: ongoing clash. It's been that they've long clashed these these 42 00:02:16,800 --> 00:02:20,239 Speaker 1: two shareholders over issues like the share. 43 00:02:20,040 --> 00:02:20,720 Speaker 3: By that program. 44 00:02:20,800 --> 00:02:24,880 Speaker 1: There's also Bloomberg reported last year allegations by Waichai that 45 00:02:25,080 --> 00:02:28,359 Speaker 1: it's representatives at the company were at Faretti, were being 46 00:02:28,560 --> 00:02:32,560 Speaker 1: spied on. And so you know, this is the ongoing 47 00:02:32,600 --> 00:02:36,639 Speaker 1: clash and it's ramping up again. Waichai recently raised their 48 00:02:36,720 --> 00:02:43,080 Speaker 1: stake in Inferreti and our KKCG. They're also planning to 49 00:02:43,080 --> 00:02:44,520 Speaker 1: more than double at stake. So it's a bit of 50 00:02:44,520 --> 00:02:46,560 Speaker 1: a power battle and as I say, yeah, planning to 51 00:02:46,560 --> 00:02:49,960 Speaker 1: propose a shareholder vote to our direct directors with connections 52 00:02:50,040 --> 00:02:51,560 Speaker 1: to that Chinese firm. 53 00:02:51,840 --> 00:02:55,160 Speaker 3: Okay, let's go to GSK next traders wrapped with attention 54 00:02:55,320 --> 00:02:57,360 Speaker 3: this morning. Why very good? 55 00:02:58,040 --> 00:03:03,280 Speaker 1: This is because GSK has a US biotech called Wrapped Therapeutics. 56 00:03:03,680 --> 00:03:08,640 Speaker 1: They develop treatments for patients with inflammatory and immuno logic diseases, 57 00:03:09,000 --> 00:03:11,640 Speaker 1: which has become quite a key focus for GSK. So 58 00:03:11,720 --> 00:03:14,320 Speaker 1: this deal, it's a big one, is valued at two 59 00:03:14,360 --> 00:03:18,520 Speaker 1: point two billion dollars. So GSK are buying rap Therapeutics 60 00:03:18,560 --> 00:03:21,080 Speaker 1: for fifty eight dollars a share. That's a sixty five 61 00:03:21,120 --> 00:03:25,120 Speaker 1: percent premium to their closing price yesterday, and this is 62 00:03:25,120 --> 00:03:28,120 Speaker 1: the California based companies, so that their shares rose about 63 00:03:28,120 --> 00:03:30,760 Speaker 1: that amount, about sixty five percent. In pre market trading 64 00:03:30,840 --> 00:03:33,800 Speaker 1: this morning, GSK shares fell slightly, just down over a 65 00:03:33,800 --> 00:03:35,480 Speaker 1: one cent and not a huge move, but a slight 66 00:03:35,560 --> 00:03:38,440 Speaker 1: fall on the back of this buyout, and it comes 67 00:03:38,440 --> 00:03:41,600 Speaker 1: with the wider context of GSK's new CEO. So they 68 00:03:41,760 --> 00:03:44,600 Speaker 1: joined in at the start of the year and they're 69 00:03:44,640 --> 00:03:49,280 Speaker 1: essentially needing to prove themselves and the GSK's pipeline of 70 00:03:49,600 --> 00:03:53,000 Speaker 1: new medicines is enough to meet their revenue ambitions for 71 00:03:53,040 --> 00:03:56,000 Speaker 1: the end of the decade. So big ambitions and needing 72 00:03:56,040 --> 00:04:00,560 Speaker 1: to prove that they're their move towards these these kind 73 00:04:00,640 --> 00:04:05,680 Speaker 1: of drugs will will pay off. That's the pressures are 74 00:04:05,800 --> 00:04:08,640 Speaker 1: exacerbated in other sides of the business. So their vaccine's business, 75 00:04:08,640 --> 00:04:12,400 Speaker 1: for example, sales are performed aren't performing as well as expected. 76 00:04:12,480 --> 00:04:16,120 Speaker 1: So it's yeah, under the new CEO, big big deal, 77 00:04:16,400 --> 00:04:18,880 Speaker 1: as they're doubling down on these new constructs. 78 00:04:19,440 --> 00:04:23,480 Speaker 2: The stock movers report from Bloomberg Radio check back with 79 00:04:23,560 --> 00:04:26,120 Speaker 2: US throughout the day. For the latest roundup of companies 80 00:04:26,200 --> 00:04:29,279 Speaker 2: making news on Wall Street, and for the latest market 81 00:04:29,320 --> 00:04:33,760 Speaker 2: moving headlines. 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