1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg data.

4
00:00:16,720 --> 00:00:18,639
Speaker 1: Let's take a look at some stocks on the move today.

5
00:00:18,680 --> 00:00:21,960
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. On a

6
00:00:22,000 --> 00:00:24,680
Speaker 1: morning where stocks as a whole are under pressure. We've

7
00:00:24,760 --> 00:00:28,520
Speaker 1: got some big gainers this morning, though. The biggest of

8
00:00:28,560 --> 00:00:31,120
Speaker 1: all this morning, Dan Hyms and Hers Health.

9
00:00:31,200 --> 00:00:35,000
Speaker 3: Good morning, Good morning, Nathan. That's right, Hyms and Hers

10
00:00:35,040 --> 00:00:37,640
Speaker 3: Health shares are up over fifty percent in pre market

11
00:00:37,720 --> 00:00:41,559
Speaker 3: tick our Hims as the company said to plan and

12
00:00:41,560 --> 00:00:44,360
Speaker 3: announce a new partnership with Novo Notre Disc today. That's

13
00:00:44,400 --> 00:00:46,959
Speaker 3: according to people familiar with the matter. The only way

14
00:00:47,000 --> 00:00:49,120
Speaker 3: I can think about this story is I think everyone

15
00:00:49,240 --> 00:00:51,800
Speaker 3: has that couple in their friend group where they go

16
00:00:51,840 --> 00:00:55,360
Speaker 3: through a really big public breakup, the big fight, and

17
00:00:55,360 --> 00:00:58,120
Speaker 3: then you know, next thing, they're back together, eating dinner together.

18
00:00:58,120 --> 00:01:01,000
Speaker 3: And that's basically what's going on here. Hyms and Hers.

19
00:01:01,080 --> 00:01:03,920
Speaker 3: Novo had a similar agreement last year, but then Hyms

20
00:01:03,960 --> 00:01:08,800
Speaker 3: refused to stop selling copycat medications of Novo's GLP one

21
00:01:09,360 --> 00:01:13,040
Speaker 3: and then they came out with a copycat version themselves.

22
00:01:13,319 --> 00:01:16,319
Speaker 3: Nova suited Hymns and Hers for that launch. Hyms backed

23
00:01:16,360 --> 00:01:19,640
Speaker 3: off from selling the copycat version. But now both stocks

24
00:01:19,760 --> 00:01:23,600
Speaker 3: are working together. Both companies are working together again today

25
00:01:23,920 --> 00:01:26,760
Speaker 3: and they both need some some upside. Catalyst Hymns over

26
00:01:26,920 --> 00:01:30,200
Speaker 3: seventy five percent lower than its peak last year, Novo

27
00:01:30,280 --> 00:01:33,240
Speaker 3: shares trading at fifty percent discount, So some good news

28
00:01:33,240 --> 00:01:34,440
Speaker 3: for him shareholders today.

29
00:01:34,760 --> 00:01:37,600
Speaker 1: Interesting friend group, you got there, Dan. Where does Live

30
00:01:37,720 --> 00:01:41,479
Speaker 1: Nation fit in with the Justice Department on that score?

31
00:01:42,240 --> 00:01:42,600
Speaker 2: Yeah?

32
00:01:42,640 --> 00:01:44,920
Speaker 3: So my friends group not so expansive to have a

33
00:01:44,920 --> 00:01:49,440
Speaker 3: good version of this story. But Politico is now saying

34
00:01:49,480 --> 00:01:51,560
Speaker 3: that Live Nation has reached a settlement with the DOJ

35
00:01:52,040 --> 00:01:55,120
Speaker 3: over an anti trust lawsuit. They are citing people familiar

36
00:01:55,120 --> 00:01:59,400
Speaker 3: with the matter. The company was accused of illegally monopolizing

37
00:01:59,400 --> 00:02:05,080
Speaker 3: the live muse industry. But that announcement, or that report

38
00:02:05,200 --> 00:02:07,560
Speaker 3: of a settlement, has the shares up seven percent in

39
00:02:07,640 --> 00:02:11,359
Speaker 3: pre market. This follows an earlier report from Bloomberg that

40
00:02:11,400 --> 00:02:15,400
Speaker 3: the settlement would avoid a Live Live Nation needing to

41
00:02:15,400 --> 00:02:17,960
Speaker 3: sell ticket Master. That was something that was being bandied

42
00:02:17,960 --> 00:02:22,120
Speaker 3: about earlier. But this deal is said to eliminate some

43
00:02:22,280 --> 00:02:25,760
Speaker 3: exclusivity and ticket ticketing contracts, and make concessions around the

44
00:02:25,800 --> 00:02:29,959
Speaker 3: use of its amphitheaters. So overall, we're expecting the announcement today,

45
00:02:29,960 --> 00:02:33,720
Speaker 3: according to Politico and Bloomberg saying that Live Nation will

46
00:02:33,760 --> 00:02:37,000
Speaker 3: not need to sell ticket Master to satisfy the FEDS, all.

47
00:02:36,960 --> 00:02:39,480
Speaker 1: Right, So we'll wait for those headlines to cross this morning.

48
00:02:39,480 --> 00:02:42,440
Speaker 1: In the meantime, we've got some additions to the S

49
00:02:42,480 --> 00:02:43,959
Speaker 1: and P five hundred that are on the move.

50
00:02:44,560 --> 00:02:48,560
Speaker 3: That's right. So after Friday's bell smp came out and

51
00:02:48,560 --> 00:02:52,080
Speaker 3: said Vertive, Lumentum, Coherent, Echo Star are going to be

52
00:02:52,160 --> 00:02:55,440
Speaker 3: new members of this five basco five hundred. Most of

53
00:02:55,480 --> 00:02:59,360
Speaker 3: those shares up Vertive up three percent, Lumentum up nearly

54
00:02:59,400 --> 00:03:03,120
Speaker 3: three percent, Echostarrup two percent, Coherent now down about two percent.

55
00:03:03,320 --> 00:03:05,200
Speaker 3: A lot of these are around the AI trade. Vertive

56
00:03:05,800 --> 00:03:09,440
Speaker 3: Vertive provides digital infrastructure tools for companies including data centers.

57
00:03:09,720 --> 00:03:13,360
Speaker 3: Lumentum and Coherent are optical suppliers. This space has been

58
00:03:13,360 --> 00:03:15,720
Speaker 3: getting a boost as AI data center's focus on data

59
00:03:15,720 --> 00:03:20,600
Speaker 3: transmission via fiber optics. EchoStar is a satellite communications company.

60
00:03:20,639 --> 00:03:24,200
Speaker 3: It operates brands like Dish TV, Boost Mobile. It also

61
00:03:24,200 --> 00:03:26,920
Speaker 3: acquires a stake in SpaceX last year as part of

62
00:03:26,919 --> 00:03:30,720
Speaker 3: a sell of spectrum license to Elon Musk's company. Those

63
00:03:30,800 --> 00:03:33,440
Speaker 3: changes will take effect before the market opens on March

64
00:03:33,480 --> 00:03:36,240
Speaker 3: twenty three, but some early buying around that and also

65
00:03:36,360 --> 00:03:39,000
Speaker 3: just to mention, shares of Marvel are down three percent

66
00:03:39,360 --> 00:03:41,640
Speaker 3: last week. There was some speculation that it could be

67
00:03:42,000 --> 00:03:44,360
Speaker 3: added to the index, but failed to make the copy.

68
00:03:44,800 --> 00:03:48,840
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

69
00:03:48,920 --> 00:03:51,480
Speaker 2: us throughout the day for the latest roundup of companies

70
00:03:51,560 --> 00:03:54,640
Speaker 2: making news on Wall Street and for the latest market

71
00:03:54,680 --> 00:03:59,160
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

72
00:03:59,240 --> 00:04:02,600
Speaker 2: Bloomberg dot com, and on Apple CarPlay and Android Auto

73
00:04:02,680 --> 00:04:08,960
Speaker 2: with the Bloomberg Business app mm HM