WEBVTT - Uber, DoorDash Sink; Hims & Hers, Live Nation Surge

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Messer alone with Norm Melinda. Let's get to

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<v Speaker 3>some stocks on the move this Monday with us as

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<v Speaker 3>Bloomberg News Equities reporter Avalon Pernell. It's an interesting day today,

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<v Speaker 3>like second week of a war. But stock some gaining,

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<v Speaker 3>some declining, not necessarily all connected to the war. But

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<v Speaker 3>what do you got for us?

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<v Speaker 1>Exactly? I definitely have a couple that are connected to

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<v Speaker 1>the war. We can start off with Uber and door dash.

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<v Speaker 1>Uber that's ticker Uber and DoorDash is ticker dash D.

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<v Speaker 1>Focus on that one, right exactly. Uber's slighting about two

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<v Speaker 1>point three percent today. DoorDash is down about three point

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<v Speaker 1>four percent. Both of those are down because oil topped

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<v Speaker 1>one hundred dollars today. And Bloomberg Intelligence actually has a

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<v Speaker 1>great note out talking about how ride hailing and also

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<v Speaker 1>delivery companies are going to be pretty much impacted by

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<v Speaker 1>this since they're very much exposed to oil shocks, and

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<v Speaker 1>how it's going to be difficult for them to offset

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<v Speaker 1>those costs given customers are pretty pri sensitive right now.

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<v Speaker 3>Yeah, it's hard to throw a surch charge, a fuel surcharge.

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<v Speaker 2>It wouldn't be.

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<v Speaker 3>The you know, first of someone kind of doing that

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<v Speaker 3>on some different item. But you do wonder then if

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<v Speaker 3>consumers already kind of tired of all the fees.

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<v Speaker 4>I know, I am. You take a look at your

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<v Speaker 4>bill breakdown, and it's just stack, stack, stacks like stack,

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<v Speaker 4>especially here in New York City. Yeah, we also saw airlines.

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<v Speaker 4>Of course, they're really in focus when we think about

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<v Speaker 4>those that are sensitive during this time period exactly.

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<v Speaker 3>All right, so those two are definitely under pressure. What

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<v Speaker 3>kind of declines again are we seeing.

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<v Speaker 1>Yeah, we are seeing about two point three percent down

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<v Speaker 1>for Uber and three point four percent four door Dash.

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<v Speaker 3>All right, let's go to one that is surging in

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<v Speaker 3>the trade. This is a weight what moment We're going

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<v Speaker 3>to talk about this too in just a moment, a

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<v Speaker 3>little bit more on air.

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<v Speaker 1>Yes, Hymn's and Hers. That's ticker hims up about forty

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<v Speaker 1>one percent today for its biggest jump ever. That's because

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<v Speaker 1>Novo Nordisk finally decided to bury the hatchet and agreed

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<v Speaker 1>to sell its weight loss products again on the platform

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<v Speaker 1>and it's actually a fairly sudden shift in judgment, considering

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<v Speaker 1>Novo literally had a lawsuit on them late last year,

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<v Speaker 1>but they have now decided to drop that and Hymns

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<v Speaker 1>has agreed to stop advertising at least the copycats of

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<v Speaker 1>his drugs. So it seems like they're the real thing.

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<v Speaker 3>They get the real.

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<v Speaker 4>Right, because they were at so nervous about the fact

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<v Speaker 4>that a lot of the things weren't necessarily FDA approved,

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<v Speaker 4>and so they are making it very clear that they

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<v Speaker 4>want to make sure that, you know, doctors are aware

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<v Speaker 4>of what patients are taking as well. This has just

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<v Speaker 4>been such an interesting story in how it's developed.

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<v Speaker 3>It's just, you know that they were suing each other

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<v Speaker 3>and now that's like, okay, let's work together. So I

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<v Speaker 3>think it's fascinating. But you're right, quite a jump back.

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<v Speaker 3>Where shall we go next? Oh, this one was definitely

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<v Speaker 3>in the news today.

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<v Speaker 1>Oh yes, Live Nation Entertainment that's ticker LYV up about

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<v Speaker 1>four point nine percent. Earlier was up as much as

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<v Speaker 1>seven percent. That's after the company said it reached a

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<v Speaker 1>settlement with the Department of Justice in its anti trust case,

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<v Speaker 1>and more importantly, at least among analysts, they are not

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<v Speaker 1>going to be required to sell off their ticket seller,

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<v Speaker 1>so Ticketmaster will remain within Live Nation. So we'll see

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<v Speaker 1>what happens next, but they did agree to pay two

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<v Speaker 1>hundred million dollars in damages to the participating states. They

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<v Speaker 1>also agreed to divest from a couple of amphitheaters across

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<v Speaker 1>the country, But some are still cautioning that despite the win,

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<v Speaker 1>there is still the issues from the Iran War as

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<v Speaker 1>well that could be dampening consumer sentiments. Are you really

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<v Speaker 1>going to want to spend your money on concerts when

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<v Speaker 1>your gas prices are going up? Maybe not.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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