1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,239 --> 00:00:17,639 Speaker 2: I want to take a look at some stocks on 5 00:00:17,640 --> 00:00:20,440 Speaker 2: the move now, Alexis Christopher's here in for Paul Sweeney, 6 00:00:20,480 --> 00:00:23,040 Speaker 2: who's down some ski slope somewhere. I think it might be. 7 00:00:23,600 --> 00:00:25,720 Speaker 2: Is it Colorado? No, he's in veil. He's in veil. 8 00:00:26,840 --> 00:00:27,600 Speaker 1: It's a nice life. 9 00:00:27,680 --> 00:00:31,200 Speaker 2: Yeah, whatever it is, we're jealous and Scarlet Foo here 10 00:00:31,240 --> 00:00:33,479 Speaker 2: with me and we are joined by Bloomberg's normal Linda in 11 00:00:33,520 --> 00:00:35,640 Speaker 2: the studio to take a look at some of the 12 00:00:35,640 --> 00:00:38,560 Speaker 2: stocks that are moving. Hymns and Hers Man own Man 13 00:00:38,600 --> 00:00:40,160 Speaker 2: it is on the move, on. 14 00:00:40,120 --> 00:00:42,640 Speaker 3: The move today for sure. We're seeing Hims and Hers 15 00:00:42,680 --> 00:00:46,360 Speaker 3: take Her hims earlier surging as much as forty nine 16 00:00:46,479 --> 00:00:48,879 Speaker 3: percent where it's best day on record. So that is 17 00:00:48,920 --> 00:00:51,320 Speaker 3: a big number that we're dealing with here. This is 18 00:00:51,360 --> 00:00:54,440 Speaker 3: after Novo Nordis said that it will work together with 19 00:00:54,600 --> 00:00:58,360 Speaker 3: Hymns and Hers Health to sello BC drugs, including Ozembic 20 00:00:58,400 --> 00:01:01,520 Speaker 3: and Wagovi on MS platform. We know that this has 21 00:01:01,560 --> 00:01:03,120 Speaker 3: been a bit of a back and forth where we 22 00:01:03,160 --> 00:01:06,040 Speaker 3: saw Hyms and Hers coming out with copycat drugs, Novo 23 00:01:06,160 --> 00:01:08,560 Speaker 3: Nordists pushing back. Well, now we're seeing a bit of 24 00:01:08,640 --> 00:01:11,520 Speaker 3: a resolution with Novo Nordists saying that they are willing 25 00:01:11,520 --> 00:01:14,480 Speaker 3: to send these sell these obesity drugs on Hymns and 26 00:01:14,480 --> 00:01:17,160 Speaker 3: Hers network. So we are seeing shares of Novo Nordis 27 00:01:17,160 --> 00:01:20,840 Speaker 3: ticker INVO up about two point six percent right now 28 00:01:20,840 --> 00:01:22,640 Speaker 3: in the news. So it seems as though investors on 29 00:01:22,680 --> 00:01:24,480 Speaker 3: both sides are pleased with this agreement. 30 00:01:24,560 --> 00:01:27,399 Speaker 2: All right, So a mover to the upside. What's next 31 00:01:27,440 --> 00:01:27,959 Speaker 2: on your list? 32 00:01:28,160 --> 00:01:32,119 Speaker 3: Looking at shares of Live Nation Entertainment ticker LYV, we're 33 00:01:32,120 --> 00:01:34,360 Speaker 3: seeing shares up about five point seven percent. This is 34 00:01:34,360 --> 00:01:37,319 Speaker 3: after the company reached the settlement with the DOJ in 35 00:01:37,360 --> 00:01:40,440 Speaker 3: its antitrust case. Analysts are really saying that they see 36 00:01:40,480 --> 00:01:42,679 Speaker 3: the deal as a positive and it doesn't require the 37 00:01:42,720 --> 00:01:45,640 Speaker 3: sale of ticket Master. So we're continuing to monitor this, 38 00:01:45,800 --> 00:01:48,680 Speaker 3: but we are seeing share action to the upside five 39 00:01:48,680 --> 00:01:51,040 Speaker 3: point eight percent higher. And says that the settlement discussions 40 00:01:51,240 --> 00:01:54,000 Speaker 3: have intensified since a trial kicked off on March second, 41 00:01:54,280 --> 00:01:56,960 Speaker 3: and a file agreement could be announced in the coming days. 42 00:01:56,960 --> 00:01:58,480 Speaker 3: So closely watching that one. 43 00:01:58,360 --> 00:02:00,960 Speaker 2: All right, and then you brought another goodie for us Brown, Foreman, 44 00:02:01,040 --> 00:02:01,880 Speaker 2: what's going on there? 45 00:02:01,960 --> 00:02:04,440 Speaker 3: This one to the downside. This stock is trading x 46 00:02:04,520 --> 00:02:07,200 Speaker 3: divid end today, so keep that in mind. But we 47 00:02:07,240 --> 00:02:09,640 Speaker 3: are seeing it on down today. This is after Brown 48 00:02:09,639 --> 00:02:14,160 Speaker 3: forman ticker bf slash B. We did see that Burnstein. 49 00:02:14,320 --> 00:02:17,519 Speaker 3: They cut their recommendation on the company to market perform 50 00:02:17,560 --> 00:02:18,240 Speaker 3: from outperform. 51 00:02:18,240 --> 00:02:18,360 Speaker 1: Now. 52 00:02:18,360 --> 00:02:20,560 Speaker 3: They're saying that the downgrade is based on new concerns 53 00:02:20,760 --> 00:02:24,560 Speaker 3: that margins will now face pressure from more costly barreled 54 00:02:24,560 --> 00:02:27,760 Speaker 3: whiskey in greater size and for longer than expected. But 55 00:02:27,760 --> 00:02:29,639 Speaker 3: they do make it clear that the rating change isn't 56 00:02:29,639 --> 00:02:32,400 Speaker 3: about structural versus cyclical debate that we've been seeing in 57 00:02:32,680 --> 00:02:36,639 Speaker 3: US everyone talking about people really pulling away from alcohol consumption. 58 00:02:37,080 --> 00:02:40,040 Speaker 3: They're saying that they are concerned about margins in particular. 59 00:02:40,080 --> 00:02:45,280 Speaker 1: Here this stock Movers report from Bloomberg Radio. Check back 60 00:02:45,280 --> 00:02:47,520 Speaker 1: with us throughout the day for the latest roundup of 61 00:02:47,600 --> 00:02:50,880 Speaker 1: companies making news on Wall Street and for the latest 62 00:02:50,919 --> 00:02:55,120 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 63 00:02:55,160 --> 00:02:58,880 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 64 00:02:58,919 --> 00:03:00,799 Speaker 1: Auto with the Bloomberg Business App 65 00:03:05,320 --> 00:03:05,519 Speaker 2: Mhm