1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 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 00:00:16,320 --> 00:00:18,200 Speaker 2: I want to take a look now at some of 5 00:00:18,239 --> 00:00:21,160 Speaker 2: the stocks on the move today. I'm Alexis Christophers along 6 00:00:21,160 --> 00:00:23,319 Speaker 2: with Isabell Lee Weer in for Paul and Scarlett on 7 00:00:23,360 --> 00:00:26,320 Speaker 2: this Friday, and we are joined by Bloomberg's Tatiana Darier 8 00:00:26,880 --> 00:00:29,440 Speaker 2: here in studio on a Friday. Tatiana, thanks so much 9 00:00:29,800 --> 00:00:31,680 Speaker 2: for stopping in. So we're going to start with the 10 00:00:31,720 --> 00:00:35,040 Speaker 2: stock we've been talking about all morning long, and that's Adobe, 11 00:00:35,040 --> 00:00:36,280 Speaker 2: one of the losers. 12 00:00:35,840 --> 00:00:40,240 Speaker 3: Today, one of the biggest losers today, down seven percent. 13 00:00:40,479 --> 00:00:43,920 Speaker 3: They reported largely solid earnings, but the bigger news was 14 00:00:43,960 --> 00:00:48,000 Speaker 3: that CEO Narayan will resign from his position as the 15 00:00:48,040 --> 00:00:51,960 Speaker 3: street increasingly questions the company's ability to thrive in this 16 00:00:52,159 --> 00:00:55,160 Speaker 3: AI era. The CEO has been around for eighteen years 17 00:00:55,200 --> 00:00:58,080 Speaker 3: and will remain in the position until the successor has 18 00:00:58,120 --> 00:01:01,120 Speaker 3: been appointed. But this comes as a big surprise to 19 00:01:01,280 --> 00:01:04,959 Speaker 3: the market, as you guys have mentioned before, with analysts 20 00:01:05,000 --> 00:01:08,920 Speaker 3: saying that it adds questions around strategic continuity, capital allocation, 21 00:01:09,040 --> 00:01:12,440 Speaker 3: priorities and just the future of the stock. Even though 22 00:01:12,480 --> 00:01:16,360 Speaker 3: the business has been growing and steady, there's all these 23 00:01:16,400 --> 00:01:20,760 Speaker 3: fears about AI disruptions which have put pressure on the stock. Hence, 24 00:01:20,880 --> 00:01:24,120 Speaker 3: perhaps this is not a total surprise, yet the market 25 00:01:24,240 --> 00:01:26,360 Speaker 3: always spooked when you get news like that. 26 00:01:27,160 --> 00:01:29,080 Speaker 2: What about Peloton, I feel like this is one of 27 00:01:29,160 --> 00:01:33,480 Speaker 2: the famous companies during the pandemic and now it's what's 28 00:01:33,520 --> 00:01:33,840 Speaker 2: going on? 29 00:01:34,040 --> 00:01:37,319 Speaker 3: Yeah, it's lost some of it shines is then as 30 00:01:37,360 --> 00:01:40,240 Speaker 3: people have hit the gyms and went back to the office. 31 00:01:40,240 --> 00:01:43,400 Speaker 3: But shares are slightly down here as the market rolled 32 00:01:43,440 --> 00:01:46,720 Speaker 3: over was hired by two percent earlier and that's on 33 00:01:46,760 --> 00:01:48,560 Speaker 3: a story we have on the terminal today. And the 34 00:01:48,560 --> 00:01:51,400 Speaker 3: company is working on some new products. They want to 35 00:01:51,440 --> 00:01:57,160 Speaker 3: expand their AI drint platform, pushing into strength training insights 36 00:01:57,400 --> 00:02:01,480 Speaker 3: and also communicate with users through personally plans. They also 37 00:02:01,520 --> 00:02:05,480 Speaker 3: want to prioritize treadmills over bikes and even introduce lower 38 00:02:05,520 --> 00:02:11,280 Speaker 3: price versions. And they're pushing for marketing campaigns to appeal 39 00:02:11,320 --> 00:02:14,600 Speaker 3: to the growing number of users on GLP one weight 40 00:02:14,680 --> 00:02:16,840 Speaker 3: a lot of drugs. And of course this comes after 41 00:02:16,960 --> 00:02:21,400 Speaker 3: last year they tried to unsuccessfully revive and update their hardware, 42 00:02:21,680 --> 00:02:24,800 Speaker 3: but Wall Street was not impressed about that. Investors punished 43 00:02:24,840 --> 00:02:28,680 Speaker 3: the stock. The hope is now that this will go better, 44 00:02:28,960 --> 00:02:32,480 Speaker 3: but the caveat these new products are now at least 45 00:02:32,480 --> 00:02:35,480 Speaker 3: a year away, is what our reporting shows. So wow, 46 00:02:35,520 --> 00:02:37,160 Speaker 3: don't hold your hopes too high. 47 00:02:37,320 --> 00:02:40,080 Speaker 2: Just to be patient with the peloton, all right. And 48 00:02:40,080 --> 00:02:42,360 Speaker 2: then here's a company we've been talking a lot about. 49 00:02:42,600 --> 00:02:44,480 Speaker 2: I was never talking about this company, and now I 50 00:02:44,480 --> 00:02:46,000 Speaker 2: feel like I'm doing it, like at least a couple 51 00:02:46,080 --> 00:02:48,040 Speaker 2: times a week. Hymn's and Hers. 52 00:02:47,840 --> 00:02:53,839 Speaker 3: Health exactly ticker's him AS shares are also slightly down. 53 00:02:53,919 --> 00:02:56,400 Speaker 3: It's given back some of its gains, but it has 54 00:02:56,480 --> 00:02:59,880 Speaker 3: had a record week, and that's because they just announced 55 00:02:59,880 --> 00:03:03,359 Speaker 3: a partnership with Novo Nordisk, So that's behind the fifty 56 00:03:03,440 --> 00:03:06,480 Speaker 3: three percent rally this week. As this arrangement will now 57 00:03:06,560 --> 00:03:10,440 Speaker 3: allow Hymns to sell Novo's weight loss drugs, not just 58 00:03:10,720 --> 00:03:14,760 Speaker 3: the copycats, or not no longer the copycats, rather because 59 00:03:15,040 --> 00:03:16,799 Speaker 3: this was a part of the deal, that they will 60 00:03:16,840 --> 00:03:20,800 Speaker 3: no longer advertise those compounded versions, but they said they 61 00:03:20,800 --> 00:03:24,079 Speaker 3: will still sell them if the doctor requires, and only 62 00:03:24,160 --> 00:03:27,280 Speaker 3: say that the deal alleviates near term concerns obviously while 63 00:03:27,280 --> 00:03:31,000 Speaker 3: putting Hymns back on the right path. And they're hoping 64 00:03:31,080 --> 00:03:34,400 Speaker 3: that this time the agreement will stick because remember from 65 00:03:34,480 --> 00:03:37,760 Speaker 3: last year or earlier this year in June, they announced 66 00:03:37,760 --> 00:03:40,880 Speaker 3: one and then Nova accused them of deceptive market was 67 00:03:41,000 --> 00:03:43,600 Speaker 3: suing them and then resue them in the end. So 68 00:03:43,800 --> 00:03:45,560 Speaker 3: all of that has come for now. 69 00:03:46,360 --> 00:03:50,400 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 70 00:03:50,480 --> 00:03:53,080 Speaker 1: us throughout the day for the latest roundup of companies 71 00:03:53,120 --> 00:03:56,240 Speaker 1: making news on Wall Street and for the latest market 72 00:03:56,240 --> 00:04:00,720 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:04:00,800 --> 00:04:04,320 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:04:04,400 --> 00:04:10,520 Speaker 1: the Bloomberg Business app MHM.