Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis as we
Speaker 1: kick off the trading week. Looks like it's going to
Speaker 1: be a pretty rough day if you're an investor in
Speaker 1: Hymns and Hers. Good morning Dan, Good morning Nathan.
Speaker 3: That's right. Hymns and Her shares are down fifteen percent
Speaker 3: in the pre market as the telehealth company pulls a
Speaker 3: copycat version of weegovie's weight loss pill. We talked about
Speaker 3: this last week. There's been a lot of drama playing
Speaker 3: out in the weight loss space, but basically last week
Speaker 3: and Hers came out and they said we have a
Speaker 3: fifty dollars a month pill that will compete with wee
Speaker 3: govi's version of the pill, which is much more expensive.
Speaker 3: Novo Nortice, which makes we gov called the pill legal,
Speaker 3: said it threatened patient safety. The FDA then pledged to
Speaker 3: crack down on copycat weight loss drugs, so Hyms and
Speaker 3: Hers got back under the spotlight. The Department of Health
Speaker 3: and Human Services also said it referred Hyms and Hers
Speaker 3: to the Department of Justice for possible violations of federal
Speaker 3: loss So a lot, a lot of blowback on Hymns
Speaker 3: and Hers shares down fifteen percent. So those shares are down.
Speaker 3: Novo Nordisk, which is making the key pill that Hyms
Speaker 3: and Hers was going to try and you know, create
Speaker 3: a copycat of those shares are up six percent. And
Speaker 3: I'm going to just tie this back into Super Bowl
Speaker 3: because we cannot. We just have to on Monday, right sure, Yesterday, yesterday,
Speaker 3: Novo Nordisk aired its first ever Super Bowl ad four
Speaker 3: a week go Vi, DJ Khaled, Daniel Brooks, Keenan Thompson
Speaker 3: all aired in it. That just shows you how big
Speaker 3: the weight loss market is. They're spending big money on
Speaker 3: these Super Bowl ads because they are all.
Speaker 1: In Okay, Well, I don't know if there were any
Speaker 1: Kroger ads in the I'm pretty sure there weren't, but
Speaker 1: we are seeing some changes coming at Kroger this morning.
Speaker 3: That's right in London here. I couldn't quite stay up,
Speaker 3: so I can neither confirm nor deny any Kroger at
Speaker 3: understood but the largest grocery chain is the shares of
Speaker 3: that are up six percent in the pre market. It's
Speaker 3: getting ready to name a new CEO, according to people familiar.
Speaker 3: So the word on the street is that incoming CEO
Speaker 3: is named Greg Forren. He's a former Wall Street exec.
Speaker 3: He's credited with turning around Walmart's US business about a
Speaker 3: decade ago. His strategy cleaner stores, friendlier, friendlier environment, lower prices,
Speaker 3: and he raised Paige well, he raised pay for employees,
Speaker 3: and so that has those shares up six percent. And
Speaker 3: this is big news for Kroger. It would be the
Speaker 3: first time an external candidate was ever named as CEO
Speaker 3: to Kroger. So they are for the first time apparently
Speaker 3: looking outside the company for the new leadership.
Speaker 1: And I Amazon, it seems, is looking for a new
Speaker 1: relationship with a new chip maker, and it's got that
Speaker 1: particular company's stock moving exactly.
Speaker 3: If you are spending one hundred and eighty five billion dollars,
Speaker 3: you will get a lot of friends. And its new
Speaker 3: friend is st Micro. The STM Micro announced that they
Speaker 3: will supply Amazon various semiconductors, including chips for connectivity and
Speaker 3: energy efficient power, so kind of things that are going
Speaker 3: to this massive data center build out where Amazon is
Speaker 3: spending so much of that money. So those shares are
Speaker 3: up seven percent in pre market. In exchange, Amazon gets
Speaker 3: warrants to acquire st micro shares. Over seven years, st
Speaker 3: micro was seen as lagging in the AI trade. This
Speaker 3: is helped helping it kind of catch up to where
Speaker 3: some of its competitors are seen. So say Infineon, for example,
Speaker 3: we've seen as being a bit farther ahead. This is
Speaker 3: seen as helping stm micro catch up.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
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