European Movers: BP (BP/ LN) +1.7%, Schindler (SCHP SW) +1.0%, GSK (GSK LN) -0.7%, Rio Tinto (RIO LN) -1.0%, Lufthansa (LHA GY) -3.5%
Deutsche Lufthansa (LHA GY) - Pilot union Vereinigung Cockpit has called a two-day strike at Lufthansa on 13th April to midnight 14th April, affecting Lufthansa passenger and cargo flights as well as Eurowings departures, according to Bloomberg. (Bloomberg)
Energy Names - The US delegation, led by Vice President Vance, left US-Iran talks in Pakistan to return to the US without an agreement after 21 hours of talks. US President Trump said the US Navy will begin the process of blockading any and all ships trying to enter or leave the Strait of Hormuz.
GSK (GSK LN) - Co. announced findings from its global phase I BEHOLD-1 clinical trial for mocertatug rezetecan. Mocertatug rezetecan achieved confirmed objective response rates of 62% in platinum-resistant ovarian cancer and 67% in recurrent or advanced endometrial cancer. (GSK)
Rio Tinto (RIO LN) - Co. has drawn interest from more than a dozen potential bidders for its US critical minerals assets that could be valued as much as USD 2bln, Bloomberg reported citing sources. (Bloomberg)
Schindler (SCHP SW) upgraded to Neutral from Sell at Goldman Sachs
Lufthansa's announced two-day pilot strike negatively impacts its stock, likely increasing operational uncertainty and cost pressures. Meanwhile, significant interest in Rio Tinto's U.S. critical minerals assets indicates robust future acquisition interest, potentially positioning the company favorably in the market. Schindler's upgrade by Goldman Sachs may signal renewed investor confidence, reflecting positive operational outlook or valuation adjustments that could draw further interest in the stock.