Hims & Hers Surges on Novo Obesity Deal; Powerus & Aureus Greenway to Merge | Stock Movers

This is a conflict that's actually over. Novo Nordisk is ending its public feud with hims and hers in the agreement to sell its weight loss drugs on the Hims platform, which is quite a switch. Novo and Hims are going to announce this new partnership. It could happen as soon as today, according to a person familiar with the matter. Why the absolute 180 on this? And I suppose like it like this one way star conflicts cost money. So you know, being nice with each other, you can both profit. The two companies had a similar agreement last year, but Novo quickly scrapped that after hims refused to stop marketing and selling their copycat weight loss medications. It is a surprising move for, as you pointed out, Alexis for Novo. They sued back in February for launching a copycat version of the new coffee weight loss pill. The drug maker accused hims at the time of breaching the US patents on the ingredient behind Ozempic and Wegovy. And at the time, you'll recall the the general counsel at Novo said hims announcement was egregious. Novo pioneered the weight loss market, but it struggled to compete on a couple of fronts. You have compounding pharmacies like Hims have flooded the market with cheaper copycats. And then you have Eli Lilly lowering patients with that rival Shot Zep down, which actually delivered more weight loss than Wegovy in some of the clinical trials. So it's well, it's up 7%. Right now, hims and hers, but still down 51% year to date. Oh, don't that fix. Well, you know, that's nothing to sneeze at. Down 51%. All right. What else have you got? Live Nation reportedly reaching agreement with the Justice Department. This according to Politico. This resolves the government's monopoly lawsuit against the company. Still needs approval from the judge. That could actually come today. It would make it easier for other promoters to compete for business at theaters and arenas. Here's my question. Cut through all the noise. Is it going to cost me less to see a concert? Well, more competition is, I don't know the end goal here. Least this might happen. Still, about ten states so far have agreed to the framework. Other state attorneys general, like the one in New York, Letitia James, said last month that she'd continue the case regardless of the path that the Justice Department takes. Live Nation trial that began March. No circus, just demand, right? I mean, the arena holds 25,000 people. That's only so many go so many people can see it. I can't recall. The last I think was the who at the Garden. I mean, you know, that's cool. Our Live Nation correspondent is Amy Silverman. Options strategist. She's like, hard wired in with her daughter. Like they go to, like, a concert a week. That's a big investment. It's a big investment. It's like serious money. What else do you have? One more. I'm still trying to figure this one out. Eric Trump, a Donald Trump junior, are backing a new drone company's vying to meet fresh demand for the Pentagon. Guess why? The deal brings deeper involvement by the Trump Center. The drone sector includes, well, anyway, I mean, how do you do that? I just it's it's amazing. So this this involves power US drone roll up company based in West Palm Beach Florida merging with the publicly traded golf course holding company that's backed it by the Trumps aureus Greenway Holdings. It was formed last year trading on the Nasdaq in the coming months and close one of the Trump's investment vehicles, American ventures and unusual machines the drone components company were Donald Trump Jr is a shareholder and advisory board member. So all this little incestuous soul bit, I'm not going to comment, just laying it out there.

On this episode of Stock Movers with John Tucker: - Hims & Hers Health (HIMS) surged after Novo Nordisk A/S was said to have ended its public feud with the company with an agreement to sell its weight-loss drugs on the Hims platform. - Live Nation Entertainment (LYV) shares rise after Politico reported that the company reached a settlement with the Department of Justice in its antitrust case and will pay $200 million in damages to participating states. - Aureus Greenway Holdings (AGH) says AGH and Autonomous Power entered into a definitive agreement to merge into an entity that focuses on drone industry and autonomous systems innovation. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake