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…
Novo Nordisk is pulling the plug on its partnership with Hims & Hers Health over claims that the telehealth company sold fake versions of the pharmaceutical firm’s weight-loss drug, Wegovy. The Danish drugmaker said Monday that Wegovy will no longer be available on Hims & Hers and that it is ending the collaboration because the San…
Photo: BING-JHEN HONG (Getty Images) The escalating chip war between the U.S. and China, compounded by a series of retaliatory tariffs, is poised to have far-reaching consequences for the global AI industry. Major AI stocks in the U.S., including Nvidia (NVDA), Super Micro Computer (SMCI), and Advanced Micro Devices (AMD), continued to climb Wednesday. However,…
In This Story The Nasdaq and other major stock market indexes dipped Wednesday morning after underwhelming earnings reports from Google parent Alphabet (GOOGL-7.46%) and chipmaker Advanced Micro Devices (AMD-10.21%). Other tech stocks such as Apple (AAPL-1.03%), Amazon (AMZN-2.05%), and Tesla (TSLA-1.77%) were also in the red. Tariffs, interest rates, and market volatility: What they mean…
STORY: Novo Nordisk on Friday revealed disappointing results in a late-stage trial for its experimental next-generation obesity drug CagriSema, wiping as much as $125 billion off its market value. The lower-than-expected weight loss from the drug candidate deals a blow to the Danish company’s ambitions for a successor to its Wegovy weight-loss drug. The company…
US Secretary of Health and Human Services nominee Robert F. Kennedy Jr. departs the New York Stock Exchange (NYSE) on December 12, 2024 in New York City. US President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday morning.Image: David Dee Delgado / Contributor (Getty Images) In This Story Robert…
Hello, Quartz members, and welcome to Sunday Reads! Donald Trump is back, and like him or loathe him, you’ll be living in his world for the next four years. So pull up a chair and take a read of some of our best stories of the week, plus a look at what’s coming next week….
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Donald Trump won the presidency. Here’s what that means for everything from tariffs to immigration. Sales of Novo Nordisk’s blockbuster weight loss drug Wegovy continue to soar Wall Street was exuberant at the Republican’s win. Markets soared the day after the election was called. One…