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 3: I'm Carol Messer alone with Norm Melinda. Let's get to
Speaker 3: some stocks on the move this Monday with us as
Speaker 3: Bloomberg News Equities reporter Avalon Pernell. It's an interesting day today,
Speaker 3: like second week of a war. But stock some gaining,
Speaker 3: some declining, not necessarily all connected to the war. But
Speaker 3: what do you got for us?
Speaker 1: Exactly? I definitely have a couple that are connected to
Speaker 1: the war. We can start off with Uber and door dash.
Speaker 1: Uber that's ticker Uber and DoorDash is ticker dash D.
Speaker 1: Focus on that one, right exactly. Uber's slighting about two
Speaker 1: point three percent today. DoorDash is down about three point
Speaker 1: four percent. Both of those are down because oil topped
Speaker 1: one hundred dollars today. And Bloomberg Intelligence actually has a
Speaker 1: great note out talking about how ride hailing and also
Speaker 1: delivery companies are going to be pretty much impacted by
Speaker 1: this since they're very much exposed to oil shocks, and
Speaker 1: how it's going to be difficult for them to offset
Speaker 1: those costs given customers are pretty pri sensitive right now.
Speaker 3: Yeah, it's hard to throw a surch charge, a fuel surcharge.
Speaker 2: It wouldn't be.
Speaker 3: The you know, first of someone kind of doing that
Speaker 3: on some different item. But you do wonder then if
Speaker 3: consumers already kind of tired of all the fees.
Speaker 4: I know, I am. You take a look at your
Speaker 4: bill breakdown, and it's just stack, stack, stacks like stack,
Speaker 4: especially here in New York City. Yeah, we also saw airlines.
Speaker 4: Of course, they're really in focus when we think about
Speaker 4: those that are sensitive during this time period exactly.
Speaker 3: All right, so those two are definitely under pressure. What
Speaker 3: kind of declines again are we seeing.
Speaker 1: Yeah, we are seeing about two point three percent down
Speaker 1: for Uber and three point four percent four door Dash.
Speaker 3: All right, let's go to one that is surging in
Speaker 3: the trade. This is a weight what moment We're going
Speaker 3: to talk about this too in just a moment, a
Speaker 3: little bit more on air.
Speaker 1: Yes, Hymn's and Hers. That's ticker hims up about forty
Speaker 1: one percent today for its biggest jump ever. That's because
Speaker 1: Novo Nordisk finally decided to bury the hatchet and agreed
Speaker 1: to sell its weight loss products again on the platform
Speaker 1: and it's actually a fairly sudden shift in judgment, considering
Speaker 1: Novo literally had a lawsuit on them late last year,
Speaker 1: but they have now decided to drop that and Hymns
Speaker 1: has agreed to stop advertising at least the copycats of
Speaker 1: his drugs. So it seems like they're the real thing.
Speaker 3: They get the real.
Speaker 4: Right, because they were at so nervous about the fact
Speaker 4: that a lot of the things weren't necessarily FDA approved,
Speaker 4: and so they are making it very clear that they
Speaker 4: want to make sure that, you know, doctors are aware
Speaker 4: of what patients are taking as well. This has just
Speaker 4: been such an interesting story in how it's developed.
Speaker 3: It's just, you know that they were suing each other
Speaker 3: and now that's like, okay, let's work together. So I
Speaker 3: think it's fascinating. But you're right, quite a jump back.
Speaker 3: Where shall we go next? Oh, this one was definitely
Speaker 3: in the news today.
Speaker 1: Oh yes, Live Nation Entertainment that's ticker LYV up about
Speaker 1: four point nine percent. Earlier was up as much as
Speaker 1: seven percent. That's after the company said it reached a
Speaker 1: settlement with the Department of Justice in its anti trust case,
Speaker 1: and more importantly, at least among analysts, they are not
Speaker 1: going to be required to sell off their ticket seller,
Speaker 1: so Ticketmaster will remain within Live Nation. So we'll see
Speaker 1: what happens next, but they did agree to pay two
Speaker 1: hundred million dollars in damages to the participating states. They
Speaker 1: also agreed to divest from a couple of amphitheaters across
Speaker 1: the country, But some are still cautioning that despite the win,
Speaker 1: there is still the issues from the Iran War as
Speaker 1: well that could be dampening consumer sentiments. Are you really
Speaker 1: going to want to spend your money on concerts when
Speaker 1: your gas prices are going up? Maybe not.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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