WEBVTT -  Adobe Falls, Peloton Drops, Hims & Hers Health Mixed As Shares Set for Record Week

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>I want to take a look now at some of

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<v Speaker 2>the stocks on the move today. I'm Alexis Christophers along

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<v Speaker 2>with Isabell Lee Weer in for Paul and Scarlett on

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<v Speaker 2>this Friday, and we are joined by Bloomberg's Tatiana Darier

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<v Speaker 2>here in studio on a Friday. Tatiana, thanks so much

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<v Speaker 2>for stopping in. So we're going to start with the

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<v Speaker 2>stock we've been talking about all morning long, and that's Adobe,

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<v Speaker 2>one of the losers.

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<v Speaker 3>Today, one of the biggest losers today, down seven percent.

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<v Speaker 3>They reported largely solid earnings, but the bigger news was

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<v Speaker 3>that CEO Narayan will resign from his position as the

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<v Speaker 3>street increasingly questions the company's ability to thrive in this

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<v Speaker 3>AI era. The CEO has been around for eighteen years

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<v Speaker 3>and will remain in the position until the successor has

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<v Speaker 3>been appointed. But this comes as a big surprise to

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<v Speaker 3>the market, as you guys have mentioned before, with analysts

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<v Speaker 3>saying that it adds questions around strategic continuity, capital allocation,

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<v Speaker 3>priorities and just the future of the stock. Even though

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<v Speaker 3>the business has been growing and steady, there's all these

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<v Speaker 3>fears about AI disruptions which have put pressure on the stock. Hence,

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<v Speaker 3>perhaps this is not a total surprise, yet the market

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<v Speaker 3>always spooked when you get news like that.

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<v Speaker 2>What about Peloton, I feel like this is one of

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<v Speaker 2>the famous companies during the pandemic and now it's what's

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<v Speaker 2>going on?

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<v Speaker 3>Yeah, it's lost some of it shines is then as

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<v Speaker 3>people have hit the gyms and went back to the office.

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<v Speaker 3>But shares are slightly down here as the market rolled

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<v Speaker 3>over was hired by two percent earlier and that's on

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<v Speaker 3>a story we have on the terminal today. And the

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<v Speaker 3>company is working on some new products. They want to

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<v Speaker 3>expand their AI drint platform, pushing into strength training insights

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<v Speaker 3>and also communicate with users through personally plans. They also

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<v Speaker 3>want to prioritize treadmills over bikes and even introduce lower

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<v Speaker 3>price versions. And they're pushing for marketing campaigns to appeal

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<v Speaker 3>to the growing number of users on GLP one weight

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<v Speaker 3>a lot of drugs. And of course this comes after

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<v Speaker 3>last year they tried to unsuccessfully revive and update their hardware,

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<v Speaker 3>but Wall Street was not impressed about that. Investors punished

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<v Speaker 3>the stock. The hope is now that this will go better,

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<v Speaker 3>but the caveat these new products are now at least

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<v Speaker 3>a year away, is what our reporting shows. So wow,

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<v Speaker 3>don't hold your hopes too high.

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<v Speaker 2>Just to be patient with the peloton, all right. And

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<v Speaker 2>then here's a company we've been talking a lot about.

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<v Speaker 2>I was never talking about this company, and now I

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<v Speaker 2>feel like I'm doing it, like at least a couple

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<v Speaker 2>times a week. Hymn's and Hers.

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<v Speaker 3>Health exactly ticker's him AS shares are also slightly down.

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<v Speaker 3>It's given back some of its gains, but it has

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<v Speaker 3>had a record week, and that's because they just announced

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<v Speaker 3>a partnership with Novo Nordisk, So that's behind the fifty

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<v Speaker 3>three percent rally this week. As this arrangement will now

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<v Speaker 3>allow Hymns to sell Novo's weight loss drugs, not just

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<v Speaker 3>the copycats, or not no longer the copycats, rather because

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<v Speaker 3>this was a part of the deal, that they will

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<v Speaker 3>no longer advertise those compounded versions, but they said they

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<v Speaker 3>will still sell them if the doctor requires, and only

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<v Speaker 3>say that the deal alleviates near term concerns obviously while

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<v Speaker 3>putting Hymns back on the right path. And they're hoping

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<v Speaker 3>that this time the agreement will stick because remember from

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<v Speaker 3>last year or earlier this year in June, they announced

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<v Speaker 3>one and then Nova accused them of deceptive market was

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<v Speaker 3>suing them and then resue them in the end. So

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<v Speaker 3>all of that has come for now.

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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