European Movers: BP (BP/ LN) +3.8%, Eutelsat (ETL FP) +2.8%, Puig (PUIG SM) -0.9%, Bayer (BAYN GY) -1.7%, Akzo Nobel (AKZA NA) -4.5%, Air France (AF FP) -4.9%

Air France (AF FP) - Co. has submitted a non-binding offer for a stake in TAP. (Bloomberg)Akzo Nobel (AKZA NA) downgraded to Neutral from Buy by Goldman SachsBayer (BAYN GY) - US President Trump's administration is readying to impose tariffs of 100% on certain medicines as it pushes pharmaceutical companies to manufacture more in the US, according to FT. (FT)Eutelsat (ETL FP)/SES (SESG FP) - Amazon (AMZN) is reportedly in talks to purchase Globalstar (GSAT), FT reports citing sources. (FT)Puig (PUIG SM) - Estee Lauder and Puig are advancing talks to combine in a mostly stock deal that could be announced within weeks, Bloomberg said. (Bloomberg)