1 00:00:02,520 --> 00:00:08,640 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 00:00:16,520 --> 00:00:18,560 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,600 --> 00:00:22,000 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis as we 6 00:00:22,480 --> 00:00:24,640 Speaker 1: kick off the trading week. Looks like it's going to 7 00:00:24,680 --> 00:00:26,759 Speaker 1: be a pretty rough day if you're an investor in 8 00:00:26,880 --> 00:00:30,440 Speaker 1: Hymns and Hers. Good morning Dan, Good morning Nathan. 9 00:00:30,480 --> 00:00:33,440 Speaker 3: That's right. Hymns and Her shares are down fifteen percent 10 00:00:33,520 --> 00:00:36,000 Speaker 3: in the pre market as the telehealth company pulls a 11 00:00:36,120 --> 00:00:40,000 Speaker 3: copycat version of weegovie's weight loss pill. We talked about 12 00:00:40,000 --> 00:00:42,480 Speaker 3: this last week. There's been a lot of drama playing 13 00:00:42,479 --> 00:00:44,839 Speaker 3: out in the weight loss space, but basically last week 14 00:00:45,440 --> 00:00:47,199 Speaker 3: and Hers came out and they said we have a 15 00:00:47,240 --> 00:00:50,680 Speaker 3: fifty dollars a month pill that will compete with wee 16 00:00:50,720 --> 00:00:54,320 Speaker 3: govi's version of the pill, which is much more expensive. 17 00:00:54,600 --> 00:00:57,200 Speaker 3: Novo Nortice, which makes we gov called the pill legal, 18 00:00:57,280 --> 00:01:00,800 Speaker 3: said it threatened patient safety. The FDA then pledged to 19 00:01:00,840 --> 00:01:03,760 Speaker 3: crack down on copycat weight loss drugs, so Hyms and 20 00:01:03,800 --> 00:01:06,959 Speaker 3: Hers got back under the spotlight. The Department of Health 21 00:01:06,959 --> 00:01:09,440 Speaker 3: and Human Services also said it referred Hyms and Hers 22 00:01:09,520 --> 00:01:12,840 Speaker 3: to the Department of Justice for possible violations of federal 23 00:01:12,920 --> 00:01:16,319 Speaker 3: loss So a lot, a lot of blowback on Hymns 24 00:01:16,360 --> 00:01:19,880 Speaker 3: and Hers shares down fifteen percent. So those shares are down. 25 00:01:20,040 --> 00:01:23,640 Speaker 3: Novo Nordisk, which is making the key pill that Hyms 26 00:01:23,640 --> 00:01:25,360 Speaker 3: and Hers was going to try and you know, create 27 00:01:25,400 --> 00:01:29,200 Speaker 3: a copycat of those shares are up six percent. And 28 00:01:29,240 --> 00:01:31,080 Speaker 3: I'm going to just tie this back into Super Bowl 29 00:01:31,120 --> 00:01:36,240 Speaker 3: because we cannot. We just have to on Monday, right sure, Yesterday, yesterday, 30 00:01:36,319 --> 00:01:39,280 Speaker 3: Novo Nordisk aired its first ever Super Bowl ad four 31 00:01:39,280 --> 00:01:42,640 Speaker 3: a week go Vi, DJ Khaled, Daniel Brooks, Keenan Thompson 32 00:01:42,680 --> 00:01:45,039 Speaker 3: all aired in it. That just shows you how big 33 00:01:45,240 --> 00:01:47,600 Speaker 3: the weight loss market is. They're spending big money on 34 00:01:47,640 --> 00:01:49,960 Speaker 3: these Super Bowl ads because they are all. 35 00:01:49,800 --> 00:01:52,720 Speaker 1: In Okay, Well, I don't know if there were any 36 00:01:52,760 --> 00:01:56,040 Speaker 1: Kroger ads in the I'm pretty sure there weren't, but 37 00:01:56,200 --> 00:02:00,000 Speaker 1: we are seeing some changes coming at Kroger this morning. 38 00:02:00,920 --> 00:02:03,040 Speaker 3: That's right in London here. I couldn't quite stay up, 39 00:02:03,080 --> 00:02:05,160 Speaker 3: so I can neither confirm nor deny any Kroger at 40 00:02:05,240 --> 00:02:08,560 Speaker 3: understood but the largest grocery chain is the shares of 41 00:02:08,560 --> 00:02:10,480 Speaker 3: that are up six percent in the pre market. It's 42 00:02:10,520 --> 00:02:13,760 Speaker 3: getting ready to name a new CEO, according to people familiar. 43 00:02:14,120 --> 00:02:16,720 Speaker 3: So the word on the street is that incoming CEO 44 00:02:17,080 --> 00:02:20,440 Speaker 3: is named Greg Forren. He's a former Wall Street exec. 45 00:02:20,680 --> 00:02:23,600 Speaker 3: He's credited with turning around Walmart's US business about a 46 00:02:23,639 --> 00:02:29,160 Speaker 3: decade ago. His strategy cleaner stores, friendlier, friendlier environment, lower prices, 47 00:02:29,360 --> 00:02:33,200 Speaker 3: and he raised Paige well, he raised pay for employees, 48 00:02:33,680 --> 00:02:36,760 Speaker 3: and so that has those shares up six percent. And 49 00:02:36,840 --> 00:02:39,080 Speaker 3: this is big news for Kroger. It would be the 50 00:02:39,120 --> 00:02:42,079 Speaker 3: first time an external candidate was ever named as CEO 51 00:02:42,120 --> 00:02:45,120 Speaker 3: to Kroger. So they are for the first time apparently 52 00:02:45,160 --> 00:02:47,760 Speaker 3: looking outside the company for the new leadership. 53 00:02:48,400 --> 00:02:51,280 Speaker 1: And I Amazon, it seems, is looking for a new 54 00:02:51,320 --> 00:02:54,720 Speaker 1: relationship with a new chip maker, and it's got that 55 00:02:54,880 --> 00:02:58,000 Speaker 1: particular company's stock moving exactly. 56 00:02:58,080 --> 00:03:00,639 Speaker 3: If you are spending one hundred and eighty five billion dollars, 57 00:03:00,639 --> 00:03:02,720 Speaker 3: you will get a lot of friends. And its new 58 00:03:02,760 --> 00:03:07,200 Speaker 3: friend is st Micro. The STM Micro announced that they 59 00:03:07,200 --> 00:03:11,800 Speaker 3: will supply Amazon various semiconductors, including chips for connectivity and 60 00:03:11,960 --> 00:03:14,280 Speaker 3: energy efficient power, so kind of things that are going 61 00:03:14,280 --> 00:03:16,639 Speaker 3: to this massive data center build out where Amazon is 62 00:03:16,680 --> 00:03:19,960 Speaker 3: spending so much of that money. So those shares are 63 00:03:20,080 --> 00:03:23,680 Speaker 3: up seven percent in pre market. In exchange, Amazon gets 64 00:03:23,680 --> 00:03:27,040 Speaker 3: warrants to acquire st micro shares. Over seven years, st 65 00:03:27,240 --> 00:03:30,240 Speaker 3: micro was seen as lagging in the AI trade. This 66 00:03:30,360 --> 00:03:32,920 Speaker 3: is helped helping it kind of catch up to where 67 00:03:32,919 --> 00:03:36,480 Speaker 3: some of its competitors are seen. So say Infineon, for example, 68 00:03:36,480 --> 00:03:38,480 Speaker 3: we've seen as being a bit farther ahead. This is 69 00:03:38,520 --> 00:03:40,600 Speaker 3: seen as helping stm micro catch up. 70 00:03:41,840 --> 00:03:45,840 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 71 00:03:45,920 --> 00:03:48,520 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:48,600 --> 00:03:51,680 Speaker 2: making news on Wall Street and for the latest market 73 00:03:51,720 --> 00:03:56,200 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 74 00:03:56,280 --> 00:03:59,760 Speaker 2: Bloomberg dot com, and on applecarplay and Android Auto with 75 00:03:59,800 --> 00:04:01,280 Speaker 2: the Bloomberg Business app.