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Stock Movers Report, your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg Data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Dan Curtis as we kick off the trading week. Looks like it's going to be a pretty rough day if you're an investor in Hymns and Hers. Good morning Dan, Good morning Nathan.
That's right. Hymns and Her shares are down fifteen percent in the pre market as the telehealth company pulls a copycat version of weegovie's weight loss pill. We talked about this last week. There's been a lot of drama playing out in the weight loss space, but basically last week and Hers came out and they said we have a fifty dollars a month pill that will compete with wee govi's version of the pill, which is much more expensive. Novo Nortice, which makes we gov called the pill legal,
said it threatened patient safety. The FDA then pledged to crack down on copycat weight loss drugs, so Hyms and Hers got back under the spotlight. The Department of Health and Human Services also said it referred Hyms and Hers to the Department of Justice for possible violations of federal loss So a lot, a lot of blowback on Hymns and Hers shares down fifteen percent. So those shares are down. Novo Nordisk, which is making the key pill that Hyms and Hers was going to try and you know, create
a copycat of those shares are up six percent. And I'm going to just tie this back into Super Bowl because we cannot. We just have to on Monday, right sure, Yesterday, yesterday, Novo Nordisk aired its first ever Super Bowl ad four a week go Vi, DJ Khaled, Daniel Brooks, Keenan Thompson all aired in it. That just shows you how big the weight loss market is. They're spending big money on these Super Bowl ads because they are all.
In Okay, Well, I don't know if there were any Kroger ads in the I'm pretty sure there weren't, but we are seeing some changes coming at Kroger this morning.
That's right in London here. I couldn't quite stay up, so I can neither confirm nor deny any Kroger at understood but the largest grocery chain is the shares of that are up six percent in the pre market. It's getting ready to name a new CEO, according to people familiar. So the word on the street is that incoming CEO is named Greg Forren. He's a former Wall Street exec. He's credited with turning around Walmart's US business about a
decade ago. His strategy cleaner stores, friendlier, friendlier environment, lower prices, and he raised Paige well, he raised pay for employees, and so that has those shares up six percent. And this is big news for Kroger. It would be the first time an external candidate was ever named as CEO to Kroger. So they are for the first time apparently looking outside the company for the new leadership.
And I Amazon, it seems, is looking for a new relationship with a new chip maker, and it's got that particular company's stock moving exactly.
If you are spending one hundred and eighty five billion dollars, you will get a lot of friends. And its new friend is st Micro. The STM Micro announced that they will supply Amazon various semiconductors, including chips for connectivity and energy efficient power, so kind of things that are going to this massive data center build out where Amazon is spending so much of that money. So those shares are up seven percent in pre market. In exchange, Amazon gets
warrants to acquire st micro shares. Over seven years, st micro was seen as lagging in the AI trade. This is helped helping it kind of catch up to where some of its competitors are seen. So say Infineon, for example, we've seen as being a bit farther ahead. This is seen as helping stm micro catch up.
This Stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg dot com, and on applecarplay and Android Auto with the Bloomberg Business app.