WEBVTT - Hims & Hers Gains, Abbott Slides, Allbirds Sinks

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg data, let's take a look

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<v Speaker 1>at some of the stocks on the move today. We

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<v Speaker 1>can do that with Bloomberg News. Is Carmen Reinike, she's

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<v Speaker 1>in studio, Carmen, what do you got for us? Yeah?

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<v Speaker 2>So the first one I'm looking at this morning is

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<v Speaker 2>Hymns and Hers. So this is ticker hims SO stocks

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<v Speaker 2>a little bit off of its highs of the day

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<v Speaker 2>so far, but up about five percent, on track to

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<v Speaker 2>extend a rally from yesterday into two days. So this

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<v Speaker 2>is after RFK Junior how Secretary said the FDA is

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<v Speaker 2>seeking to move or remove excuse me, twelve peptides from

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<v Speaker 2>Category two restrictions. This could be really good for Hymns

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<v Speaker 2>and Hers. So they have signaled that they would like

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<v Speaker 2>to sell peptides once these regulations are loosened. So could

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<v Speaker 2>be a good one in this story, not about GLP one.

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<v Speaker 2>I know, well a different kind of injection. But you know,

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<v Speaker 2>my social media feed is just flooded with the you know,

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<v Speaker 2>the Hymns and Hers.

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<v Speaker 1>You must have on something once. Yeah, and now the

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<v Speaker 1>pain you, as someone who's although obvious candidate.

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<v Speaker 2>Do you think that the active ingredient in some JLP

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<v Speaker 2>ones is a peptide? Okay, there is a link there,

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<v Speaker 2>Thank you for making that. But you're right, a different

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<v Speaker 2>a different kind of thing. So that's hims and hers.

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<v Speaker 2>The next one I'm looking at right now is Abbot Labs.

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<v Speaker 2>So this is ABT. Shares are down four percent right now,

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<v Speaker 2>so this is a medical devices firm. It cut its

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<v Speaker 2>adjusted earnings per share guidance for the full year. This

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<v Speaker 2>was adjusting for its acquisition of Exact Sciences, which is

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<v Speaker 2>a cancer screening company. This the so Abbot has bought

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<v Speaker 2>this company. It's supposed to help its diagnostics business, which

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<v Speaker 2>has been suffering since COVID nineteen. You know, we're just

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<v Speaker 2>not testing as much anymore.

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<v Speaker 1>This was.

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<v Speaker 2>Not beneficial for Abbot. So the company also gave a

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<v Speaker 2>profit guidance for the second quarter that fell short of expectations.

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<v Speaker 2>So seeing a little bit of red on the screen

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<v Speaker 2>today and a pretty big decline for the stock this year.

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<v Speaker 1>And last one is actually a big mover from earlier

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<v Speaker 1>this week as well.

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<v Speaker 2>Yeah, so looking at all birds. This is ticker b

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<v Speaker 2>I r D. So yesterday, obviously we saw this huge

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<v Speaker 2>run up in the shares after it said it was

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<v Speaker 2>pivoting to be an AI company. Obviously UNI formerly a

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<v Speaker 2>shoe company. And today the stock is lower, it's down

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<v Speaker 2>about twenty percent. I mean still, if you look at

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<v Speaker 2>the chart, it's just it's just looking it's looking pretty crazy.

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<v Speaker 2>But big decline there, although after you know, a six

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<v Speaker 2>hundred percent of to day.

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<v Speaker 1>Yeah, the Stock Mover's Report from Bloomberg Radio. Check back

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<v Speaker 1>with us throughout the day for the latest roundup of

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<v Speaker 1>companies making news on Wall Street and for the latest

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<v Speaker 1>market moving headlines. Listen to Bloomberg Radio Live, catch us

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