Stock Movers

On this episode of Stock Movers:

- Alphabet Inc.(GOOGL) is tapping the US high-grade bond market, adding to a borrowing spree by companies at the forefront of the artificial intelligence investment boom.

- Hims & Hers Health (HIMS) tumbles 20% after the telehealth company said it will stop selling its recently launched copycat version of the new Wegovy weight-loss pill.

- Tegna Inc.(TGNA) rises 9% after President Donald Trump backed television broadcaster Nexstar Media Group’s proposed $3.5 billion acquisition of the company.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Hims & Hers Health (HIMS) shares tumble as much as 17% in premarket trading on Monday after the telehealth company said it will stop selling its recently-launched copycat version of the new Wegovy weight-loss pill.

- Eli Lilly & Co (LLY) agreed to buy closely held US biotech Orna Therapeutics Inc. for up $2.4 billion in cash, its second deal in as many days as the company expands its pipeline beyond its well-known blockbuster obesity drug Zepbound. Orna is developing a new class of treatments for certain autoimmune diseases, such as rheumatoid arthritis and multiple sclerosis. The biotech company, which is based in Watertown, Massachusetts, has struck licensing deals with other companies, including Vertex Pharmaceuticals Inc. and Merck & Co.

- Alphabet (GOOG) is looking to raise about $15 billion from a US high-grade dollar bond sale, according to people with knowledge of the matter, adding to a borrowing spree by companies at the forefront of the artificial intelligence investment boom.Massive cloud-computing companies known as hyperscalers are expected to spend more than $650 billion this year to expand AI infrastructure. Since last year, the group has flooded the market with debt that investors have so far eagerly absorbed, although concerns are growing that excessive spending on AI may be fueling a bubble.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Hims & Hers Health (HIMS) shares tumble after the telehealth company said it will stop selling its recently-launched copycat version of the new Wegovy weight-loss pill.
- Kroger (KR) plans to name Greg Foran as the supermarket chain’s next chief executive officer, according to a person familiar with the matter, as the nation’s largest grocer looks to carve a new path after a failed megadeal and an unexpected exit of its former boss. Kroger replaced CEO Rodney McMullen in March after an investigation into his personal conduct, which followed a failed $24.6 billion merger with Albertsons Cos. that was blocked on antitrust grounds. The company didn’t specify the nature of his conduct.
- STMicro (STM) shares rise as much as 6.5% to the highest since October after the chipmaker said it’s expanding collaboration with Amazon’s AWS, an agreement that analysts say will help increase exposure to the fast-growing AI data center market.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Novo Nordisk shares surged, reversing some of last week’s plunge, after Hims & Hers Health Inc. pulled a copycat version of the new Wegovy weight-loss pill.
- Greggs shares drop as much as 6%, touching the lowest in more than two months, after Jefferies downgraded the bakery chain to hold, and cut its price target by more than a third, noting that the uptake of weight-loss drugs was a headwind to the earnings outlook.
- UniCredit SpA plans to return about €50 billion ($59 billion) to investors through 2030 as Chief Executive Officer Andrea Orcel vows to further improve profitability and capital generation over the next five years.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
- Novo Nordisk shares surged, reversing some of last week’s plunge, after Hims & Hers Health Inc. pulled a copycat version of the new Wegovy weight-loss pill.
- NatWest Group Plc agreed to buy wealth manager Evelyn Partners, as the British bank looks to increase its access to affluent clients in its home market.
- Investors led by buyout firm Advent International LP and FedEx Corp. agreed to buy Polish parcel-locker company InPost SA in a deal that values the business at €7.8 billion
See omnystudio.com/listener for privacy information.