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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Masser along with Matthew Miller. Let's take a

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Speaker 3: look at some stocks on the move today. With US

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Speaker 3: is Bloomberg News Processor reporter Isabelle Lee. Here in studio.

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Speaker 3: We got to talk about VRTX vertexs.

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Speaker 1: We do have to because it's down almost twenty percent.

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Speaker 1: That's the most since October twenty twenty and the lowest

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Speaker 1: since December twenty twenty three. So the shares really failed

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Speaker 1: after an experimental pain drug failed to provide post surgery benefits.

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Speaker 1: So of course the FDA said they don't really see

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Speaker 1: a path forward for a widespread use of this pill,

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Speaker 1: because if it didn't work, why use it. And this

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Speaker 1: is interesting because the Vertex has been trying to differsify

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Speaker 1: be on its core business of cystic fibrosis treatment and

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Speaker 1: a key part of that is this one and it's

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Speaker 1: actually the first new type of painkiller to reach the

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Speaker 1: US market in more than two years. But they didn't

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Speaker 1: really pan out. RBC Capital Markets said that the setback

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Speaker 1: should cause a rethink of their risk profile for the

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Speaker 1: pain franchise.

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Speaker 3: All right, so that one taking a big hit stock

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Speaker 3: overall down about five percent year to date. Let's go

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Speaker 3: to something that we talked about in the aftermarket last night.

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Speaker 3: Because at reported result we're talking about Hymns and Hers.

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Speaker 1: Hymns and Hers shares are lower by almost twelve percent.

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Speaker 1: So the company miss revenue estimates. So they recorded sales

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Speaker 1: below average estimate, but they did reaffirm their full year

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Speaker 1: revenue guidance. But City said this is a difficult quarter

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Speaker 1: for HIMS. Morgan Stanley said investors will need to be patient.

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Speaker 1: So Hyms really has gotten the boost from selling cheaper

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Speaker 1: versions of popular weight loss drugs, but that has since

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Speaker 1: been in periled because the FDA ordered many companies to

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Speaker 1: really just stop selling copies of name brands made by

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Speaker 1: Elay Lilly and Nova a nartists.

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Speaker 4: I wonder the tickers wrong now because the ticker is

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Speaker 4: hims MS. But now I mean that's because they used

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Speaker 4: to sell hair loss drugs and erectile dysfunction drugs. Should

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Speaker 4: be well now, I don't know, but surely there are

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Speaker 4: a lot more Hers that are customers of that company.

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Speaker 4: Now that they sell the weight loss drugs. I don't

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Speaker 4: know how that numbers shake out.

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Speaker 3: So what are you just saying?

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Speaker 4: Women? Take no, no, no no. I desperately want to get it,

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Speaker 4: taking it. It's all over my Instagram feed like I'm there,

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Speaker 4: I'm almost I'm ready to pull the trigger. I'm just

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Speaker 4: saying that maybe half of their customers now are women,

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Speaker 4: or at least a quarter. So the HIMS ticker just

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Speaker 4: doesn't make as much sense. Maybe we or us as

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Speaker 4: it once did are the tap tap is the ticker

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Speaker 4: for Molsen cores, even though guessing most of the.

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Speaker 3: People what he loses, he switches drink it in.

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Speaker 4: This country, drink out of a bottle or a can,

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Speaker 4: And also fewer and fewer people have been drinking it

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Speaker 4: in America.

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Speaker 1: That's exactly right. So sheriffes are up one and a

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Speaker 1: half percent, but they ship less beer. In America, beer

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Speaker 1: sales fell again. They've been really trying to counter a

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Speaker 1: shift away from beer. You know, as more people, I guess,

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Speaker 1: turn to spirit cocktails.

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Speaker 3: These all non alcoholic beer.

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Speaker 1: I'm all for non alcoholic too.

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Speaker 4: Actually, I don't drink non alcoholics here, I don't drink alcohol,

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Speaker 4: don't drink. But then I don't want a non alcoholic beer.

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Speaker 4: Why have the calories if it's not going to give

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Speaker 4: me a little boost, right, I'd rather have there is

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Speaker 4: that a cannabis cocktails cocktail?

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Speaker 1: No, I didn't say, but you know what, I feel

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Speaker 1: that with fizzy water when I first moved here. That's

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Speaker 1: such a thing, and I feel like every time I

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Speaker 1: drink it, I'm fooling myself. Goes. It doesn't tafe like anything,

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Speaker 1: but it's painful in the throat anyway.

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Speaker 2: So they tap.

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Speaker 1: Yeah, they lowered a full your guidance for the second

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Speaker 1: quarter in a row. They really decided we consumer following

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Speaker 1: you was share and rising cost tied to aluminum tire,

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Speaker 1: so not looking good for them. And again less people

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Speaker 1: are drinking beer.

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Speaker 3: But the stocks at one point six percent.

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Speaker 1: You were you were? If you are less much and

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Speaker 1: more thank you.

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Speaker 3: My daughter just corrected me last thank you. Well, you

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Speaker 3: people are annoying.

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Speaker 4: There are rules. This is not not your I know.

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Speaker 3: Tap was up as much as five percent, but pairing

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Speaker 3: that back to about a one point six percent game.

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Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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