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Chevron Rises, Delta Drops, Him & Hers Surges on Novo Obesity Deal That Ends Public Feud
Description
On this episode of Stock Movers:
- Chevron (CVX) shares rise. Ultrapar is in advanced talks with Chevron Corp. to sell a 30% stake in Ipiranga, Brazil Journal reports citing two sources familiar with the matter. An agreement on price has already been reached and the parties are now in the governance discussion phase, Brazil Journal reports citing the sources.
- Delta (DAL) shares drop. Airlines are among the biggest decliners in the US stock market as travel, auto, retail and restaurant shares slide during Monday’s spike in oil.
- Him & Hers (HIMS) shares surge after Novo Nordisk was said to have ended its public feud with the company with an agreement to sell its weight-loss drugs on the Hims platform. Novo and Hims plan to announce a new partnership as soon as Monday, according to a person familiar with the matter, who spoke on the condition of anonymity.
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