1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,800 Speaker 1: Let's take a look at some stocks in the move today. 5 00:00:19,079 --> 00:00:21,760 Speaker 1: Jean Tucker here with our stock movers this morning. 6 00:00:22,160 --> 00:00:26,400 Speaker 3: And this is a conflict that's actually over. Novo Nordis 7 00:00:26,720 --> 00:00:29,920 Speaker 3: is ending its public feud with Hymns and hers in 8 00:00:29,960 --> 00:00:32,080 Speaker 3: the agreement to sell it's weight loss drugs on the 9 00:00:32,200 --> 00:00:36,000 Speaker 3: Hymns platform, which is quite a switch. Novo and Hims 10 00:00:36,320 --> 00:00:38,760 Speaker 3: are going to announce this new partnership. It could happen 11 00:00:39,720 --> 00:00:42,879 Speaker 3: as soon as today, according to a person familiar with 12 00:00:42,920 --> 00:00:43,280 Speaker 3: the matter. 13 00:00:43,440 --> 00:00:51,839 Speaker 4: Why the absolute one on this stars Conflicts cost money, 14 00:00:52,000 --> 00:00:54,880 Speaker 4: so you know, being nice with each other you can 15 00:00:54,920 --> 00:00:55,560 Speaker 4: both profit. 16 00:00:55,600 --> 00:00:58,640 Speaker 3: The two companies had a similar agreement last year, but 17 00:00:58,760 --> 00:01:02,200 Speaker 3: Novo quickly scratch that after Hymns refused to stop marketing 18 00:01:02,600 --> 00:01:06,399 Speaker 3: and selling their copycat weight loss medications. It is a 19 00:01:06,440 --> 00:01:09,959 Speaker 3: surprising move, as you pointed out Alexis for Novo, they 20 00:01:10,000 --> 00:01:14,080 Speaker 3: sued back in February for launching a copycat version the 21 00:01:14,080 --> 00:01:17,399 Speaker 3: new Wogovi weight loss pill. The drug maker accused Hymns 22 00:01:17,480 --> 00:01:20,560 Speaker 3: at the time of breaching the US patents on the 23 00:01:20,720 --> 00:01:24,440 Speaker 3: ingredient behind ozepic and wigovy, and at the time, you recall, 24 00:01:24,520 --> 00:01:29,280 Speaker 3: the General Council at Novo said Hymn's announcement was egregious. 25 00:01:30,160 --> 00:01:33,080 Speaker 3: Novo pioneered the weight loss market, but it struggled to 26 00:01:33,120 --> 00:01:36,640 Speaker 3: compete on a couple of fronts. You have a compounding 27 00:01:36,680 --> 00:01:40,400 Speaker 3: pharmacies like Hymns of flood of the market with cheaper copycats. 28 00:01:40,680 --> 00:01:44,200 Speaker 3: And then you have Eli Lilly alluring patients with that 29 00:01:44,520 --> 00:01:47,800 Speaker 3: rival shot zet bound, which actually delivered more weight loss 30 00:01:47,800 --> 00:01:50,640 Speaker 3: than wagov in some of the clinical trials. 31 00:01:51,600 --> 00:01:54,560 Speaker 4: So it's point, it's up seven percent right now, Hymns 32 00:01:54,600 --> 00:01:56,920 Speaker 4: and hers, but it's still down fifty one percent year 33 00:01:56,960 --> 00:02:00,720 Speaker 4: to date. Oh, don't get picks. Well, you know that's 34 00:02:00,760 --> 00:02:02,840 Speaker 4: nothing to sneeze at. Down fifty one percent? All right, 35 00:02:02,880 --> 00:02:03,520 Speaker 4: what else have you got? 36 00:02:04,080 --> 00:02:08,120 Speaker 3: Live Nation reportedly reaching agreement with the Justice Department this, 37 00:02:08,200 --> 00:02:12,400 Speaker 3: according to political this resolves the government's monopoly lawsuit against 38 00:02:12,440 --> 00:02:16,320 Speaker 3: the company. Still needs approval from the judge That could 39 00:02:16,320 --> 00:02:19,240 Speaker 3: actually come today. It would make it easier for other 40 00:02:19,280 --> 00:02:22,840 Speaker 3: promoters to commete for business at theaters and arenas. 41 00:02:22,480 --> 00:02:25,080 Speaker 4: Here's my question. Cut through all the noise, is it 42 00:02:25,120 --> 00:02:27,720 Speaker 4: going to cost me less to see a concert? 43 00:02:27,760 --> 00:02:31,880 Speaker 3: Well? More competition is the end goal here, and looks 44 00:02:31,919 --> 00:02:35,720 Speaker 3: like that might happen. Still about ten states so far. 45 00:02:35,760 --> 00:02:40,200 Speaker 3: I've agreed to the framework. Other state attorneys general, like 46 00:02:40,240 --> 00:02:42,560 Speaker 3: the one in New York, Letitia James, said last month 47 00:02:42,600 --> 00:02:45,680 Speaker 3: that she continue the case regardless of the path that 48 00:02:45,720 --> 00:02:51,160 Speaker 3: the Justice Department takes. Live Nation trial that begin March Sti's. 49 00:02:50,880 --> 00:02:54,399 Speaker 1: Just demand, right, I mean the arena holds twenty five 50 00:02:54,480 --> 00:02:55,440 Speaker 1: thousand people and. 51 00:02:56,560 --> 00:02:59,440 Speaker 4: So many, so many people can see it. 52 00:02:59,480 --> 00:03:01,880 Speaker 3: Yeah, I can't recall the last I think it was 53 00:03:01,919 --> 00:03:03,160 Speaker 3: the who at the garden? 54 00:03:03,360 --> 00:03:06,640 Speaker 1: I mean, you know that's cool. Our Live Nation corresponded 55 00:03:06,680 --> 00:03:11,440 Speaker 1: as Amy wou Silverman, option strategist, She's like hard wired 56 00:03:11,440 --> 00:03:13,120 Speaker 1: in with her daughter, Like they go to like a 57 00:03:13,160 --> 00:03:13,919 Speaker 1: concert a week. 58 00:03:14,240 --> 00:03:15,160 Speaker 4: That's a big investment. 59 00:03:15,200 --> 00:03:17,919 Speaker 1: It's a big investment. It's like serious money. What else 60 00:03:17,919 --> 00:03:18,760 Speaker 1: do you have? One more question? 61 00:03:18,800 --> 00:03:20,880 Speaker 3: I'm still trying to figure this one out. Eric Trump 62 00:03:20,880 --> 00:03:23,760 Speaker 3: and Donald Trump Jr. Are backing a new drone company. 63 00:03:23,800 --> 00:03:26,680 Speaker 3: It's fining to meet fresh demand from the Pentagon. Guess 64 00:03:26,680 --> 00:03:30,400 Speaker 3: why the deal brings deeper involvement for the Trumps into 65 00:03:30,400 --> 00:03:35,960 Speaker 3: the drone sector includes well, anyway, I mean, how do 66 00:03:36,000 --> 00:03:36,480 Speaker 3: you do that? 67 00:03:36,560 --> 00:03:38,000 Speaker 4: I just it's it's amazing. 68 00:03:38,400 --> 00:03:41,800 Speaker 3: So this this involves power Offs drone roll up company 69 00:03:41,880 --> 00:03:45,119 Speaker 3: based in West Palm Beach, Florida, merging with the publicly 70 00:03:45,160 --> 00:03:49,040 Speaker 3: traded golf Course Holding company that's backed by the Trump's 71 00:03:49,360 --> 00:03:53,360 Speaker 3: oureous Greenway Holdings. It was formed last year, trading on 72 00:03:53,400 --> 00:03:58,000 Speaker 3: the Manstack in the coming months. It includes one of 73 00:03:58,040 --> 00:04:01,520 Speaker 3: the Trump's investment vehicles of Americans and unusual machines at 74 00:04:01,560 --> 00:04:05,880 Speaker 3: Drone Components Company, where Donald Trump Junior is a shareholder. 75 00:04:06,400 --> 00:04:08,760 Speaker 3: An advisory board member saw I'll. 76 00:04:08,600 --> 00:04:11,040 Speaker 4: Listen, a little acestuous sole bit. 77 00:04:11,440 --> 00:04:14,600 Speaker 3: I'm not going to comment, laying it out there, just 78 00:04:14,640 --> 00:04:15,320 Speaker 3: the facts. 79 00:04:16,360 --> 00:04:20,600 Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us 80 00:04:20,600 --> 00:04:23,400 Speaker 2: throughout the day for the latest roundup of companies making 81 00:04:23,480 --> 00:04:27,120 Speaker 2: news on Wall Street and for the latest market moving headlines. 82 00:04:27,320 --> 00:04:31,320 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 83 00:04:31,360 --> 00:04:34,440 Speaker 2: dot com, and on Applecarplay and Android Auto with the 84 00:04:34,480 --> 00:04:35,839 Speaker 2: Bloomberg Business app.