Hims & Hers Health has experienced a tumultuous quarter, marked by Novo Nordisk’s termination of their collaboration after allegations of unsafe practices, resulting in a 35% drop in the company’s share price. This partnership termination, alongside a class action lawsuit alleging misleading statements about safety and operational risks, contributed to heightened market volatility. Despite a…
© 2025 Bloomberg Finance LP Hims & Hers cofounder and CEO Andrew Dudum dropped out of Forbes’ billionaire ranks on Monday – less than two months after joining the three-comma-club, in May. Dudum, 36, lost more than $400 million in wealth in a single trading day, after shares of his telehealth firm, known for its…
Market Rebound The stock market made a strong rebound today, recovering all of yesterday’s losses and more. The initial gains had no specific news catalyst, but the situation changed in the early afternoon. Bloomberg reported that Treasury Secretary Bessent expects a de-escalation in the China tariff situation, sparking hope for a resolution to the U.S.-China…