WEBVTT - ASML Dips, Novo Jumps, Vestas Gains

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look now at some of the stocks

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<v Speaker 3>on the move today here in Europe. I'm Caroline Hipka

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<v Speaker 3>and I'm joined by Bloomberg reporter Claimed Malay. It's Friday,

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<v Speaker 3>so but really packed in terms of the individual stocks

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<v Speaker 3>that are moving. SML facing one of its biggest challenges

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<v Speaker 3>yet again. It's the Trump administration, and it's related to

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<v Speaker 3>export restrictions to its very pivotal machines.

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<v Speaker 1>Yeah. Absolutely so, really really interesting story for ASML. So

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<v Speaker 1>one of its cutting edge machines, as apparently, according to

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<v Speaker 1>the US, potentially made its way into China, which would

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<v Speaker 1>be a violation of the US export restrictions on chip

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<v Speaker 1>making equipment. And so the Common Secretary Harvard Lutnik is

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<v Speaker 1>said to have expressed this concern to ASML that this

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<v Speaker 1>might have happened. But ASML is actually pushing back on this,

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<v Speaker 1>saying that none of the machines are in China, and

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<v Speaker 1>you know we're not talking about just any machine. Those

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<v Speaker 1>are the extreme ultraviolet lithography tools. So those are the

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<v Speaker 1>ones that are made only by ASML. They're used in

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<v Speaker 1>very advanced chip making, and they're not exactly something that

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<v Speaker 1>you can kind of like slip in your pocket, you know,

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<v Speaker 1>they're the size of a school bus. They're made in

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<v Speaker 1>very limited quantities that require constant attention, constant upkeep from

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<v Speaker 1>ASML employees. So SML is saying that those machines have

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<v Speaker 1>not made their way into China. Now it's a bit

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<v Speaker 1>of a kind of ASML said, US said situation, and

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<v Speaker 1>it's really unclear yet what exactly the Trump administration wants

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<v Speaker 1>from ASML to kind of reassure it that this hasn't happened.

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<v Speaker 1>And this may also strain this quite difficult relationship between

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<v Speaker 1>the EU and the US even further. So it's a

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<v Speaker 1>very interesting story with implications for both the company itself

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<v Speaker 1>and then the broader kind of geopolitical tensions between those

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<v Speaker 1>two between between the US and the EU.

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<v Speaker 3>Yeah, these machines they print basically the circuit onto the silicon,

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<v Speaker 3>and that's why they are so massively important and why

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<v Speaker 3>the Chump administration has been so focused on them. So

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<v Speaker 3>I think that's a very interesting story. Nova Nordisk Meanwhile,

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<v Speaker 3>Anlystat Nordea raising the drugmaker to a buy Why.

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<v Speaker 1>Yeah, so they have this this birating from Naudia. So

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<v Speaker 1>that's boosting the stock and really seen as quite encouraging

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<v Speaker 1>for Nova. And then at the same time we have

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<v Speaker 1>the Nova Nordisk Foundation, which owns a controlling stake in

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<v Speaker 1>an Ova Nordisk. It's the kind of philanthropy side of

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<v Speaker 1>the business. Also said that it's launching a network of

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<v Speaker 1>research incubators across Europe. And so the goal is to

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<v Speaker 1>turn academic research around obesity and diabetes into commercial products.

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<v Speaker 1>And so the first location is going to be in London,

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<v Speaker 1>and then we're going to get sites in Italy and

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<v Speaker 1>in Germany later down down the line this year. And

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<v Speaker 1>the CEO of the Nova Nordics Foundation said that, you know,

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<v Speaker 1>very often in Europe academics make very very promising discoveries,

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<v Speaker 1>but then there's not that much of a structure in

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<v Speaker 1>place to turn those into business opportunities. And he said that,

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<v Speaker 1>you know, researchers in China and the US are much

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<v Speaker 1>more primed to identify that commercial potential early on. So

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<v Speaker 1>that's why that's what this new network is going to

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<v Speaker 1>try and achieve and making Europe a much more forward

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<v Speaker 1>looking competitive player in that space. So Novo is reacting

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<v Speaker 1>to that positively this morning.

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<v Speaker 3>Yeah, okay, I think it's really fast. Fascinating that according

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<v Speaker 3>to some estimates there there are millions and millions of

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<v Speaker 3>people on these GLP ones across Europe and the UK,

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<v Speaker 3>something like at least two percent of adults currently on them,

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<v Speaker 3>millions of people world. Vestas lastly, the has the wind

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<v Speaker 3>in it sails this morning. Go on, I'll give you

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<v Speaker 3>a pun.

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<v Speaker 1>It's great for Friday. We need a pun. So yeah,

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<v Speaker 1>it's dop. Morgan placed the company on a positive catalyst

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<v Speaker 1>watch so that there's a really good chance that Vestas

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<v Speaker 1>raises its guidance at its next set of results, which

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<v Speaker 1>is about mid August, and so that several positives are

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<v Speaker 1>yet fully reflected in the share price, including very strong

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<v Speaker 1>momentum in onshore wind turbines and then a really good

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<v Speaker 1>order book in offshore as well, and overall this year

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<v Speaker 1>could be pretty good for some of those wind companies.

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<v Speaker 1>You know, a lot of the backlog that had been

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<v Speaker 1>that was accumulated over the last few years is now

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<v Speaker 1>turning into deliveries and they're benefiting, of course from this

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<v Speaker 1>big boost and electricity demand from data centers of course,

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<v Speaker 1>and then this broader energy transition as well, and so

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<v Speaker 1>that means orders are going to continue into twenty twenty seven,

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<v Speaker 1>and that really guarantees visibility over at least the next

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<v Speaker 1>few years. So positive day for the vestas this morning.

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