On this episode of Stock Movers:

- Novo Nordisk (NVO) cut the price of its obesity drug Wegovy in China as the Danish drugmaker gears up for a potential flood of copycats. The reduction will “help alleviate the treatment burden for patients and improve their quality of life,” a spokesperson said by email. The list prices for the two highest dosages of Wegovy were cut by half in some Chinese provinces, local media Yicai reported on Monday, citing drug-procurement documents for southwestern Chinese provinces Yunnan and Sichuan. Shares of Novo Nordisk slipped.

- Praxis Precision (PRAX) rose after getting breakthrough therapy designation by FDA for its medication ulixacaltamide, which treats patients with essential tremor. 

- Lululemon (LULU) founder Chip Wilson is pushing for changes to the board before the yogawear company selects a new chief executive officer. Wilson, one of Lululemon’s largest shareholders, nominated three director candidates for election at the 2026 annual meeting: former On Holding co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg. Lululemon is unlikely to reach its goal to double sales to $12.5 billion in 2026 even with a lead over its activewear peers, according to a note from Poonam Goyal, senior analyst at Bloomberg Intelligence.

On this episode of Stock Movers: - Novo Nordisk (NVO) cut the price of its obesity drug Wegovy in China as the Danish drugmaker gears up for a potential flood of copycats. The reduction will &ldquo;help alleviate the treatment burden for patients and improve their quality of life,&rdquo; a spokesperson said by email. The list prices for the two highest dosages of Wegovy were cut by half in some Chinese provinces, local media Yicai reported on Monday, citing drug-procurement documents for southwestern Chinese provinces Yunnan and Sichuan. Shares of Novo Nordisk slipped. - Praxis Precision (PRAX) rose after getting breakthrough therapy designation by FDA for its medication ulixacaltamide, which treats patients with essential tremor. - Lululemon (LULU) founder Chip Wilson is pushing for changes to the board before the yogawear company selects a new chief executive officer. Wilson, one of Lululemon&rsquo;s largest shareholders, nominated three director candidates for election at the 2026 annual meeting: former On Holding co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg. Lululemon is unlikely to reach its goal to double sales to $12.5 billion in 2026 even with a lead over its activewear peers, according to a note from Poonam Goyal, senior analyst at Bloomberg Intelligence.

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Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Novo Nordisk Falls, Praxis Precision Rallies, Lululemon Rises

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4ece5594-901b-433c-ab75-b3c20119b2c8/transcript

Today's biggest winners and losers in the stock market, a look at the notable movers for the week:

On this episode of Stock Movers:
- Estee Lauder (EL) and Spanish company Puig Brands SA have walked away from a multibillion-dollar deal that would have created one of the world’s largest beauty businesses. The two companies had confirmed talks of a potential business combination in March without disclosing any terms. On Thursday, they each issued statements saying those discussions had ended, but neither elaborated on the reason. Combined, the companies would have had a market cap of nearly $39 billion based on closing prices Thursday, with annual sales of around $20 billion in 2025.

- Deckers (DECK) Outdoor shares are up 4.3% in postmarket trading Thursday after the parent company of both Ugg and Hoka reported revenue for the fourth quarter that beat the average analyst estimate. The company also provided net sales guidance for 2027 ahead of consensus.

- Intuit (INTU) suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated. The job reductions, which will affect about 3,000 workers, will trim costs while the financial software company invests in artificial intelligence products. They’re meant to simplify the organization and turn it into a “faster, leaner, more focused company,” Intuit said Wednesday in a statement that included fiscal third-quarter results.

Today's biggest winners and losers in the stock market, a look at the notable movers for the week: On this episode of Stock Movers: - Estee Lauder (EL) and Spanish company Puig Brands SA have walked away from a multibillion-dollar deal that would have created one of the world&rsquo;s largest beauty businesses. The two companies had confirmed talks of a potential business combination in March without disclosing any terms. On Thursday, they each issued statements saying those discussions had ended, but neither elaborated on the reason. Combined, the companies would have had a market cap of nearly $39 billion based on closing prices Thursday, with annual sales of around $20 billion in 2025. - Deckers (DECK) Outdoor shares are up 4.3% in postmarket trading Thursday after the parent company of both Ugg and Hoka reported revenue for the fourth quarter that beat the average analyst estimate. The company also provided net sales guidance for 2027 ahead of consensus. - Intuit (INTU) suffered its worst stock decline in more than two decades after announcing plans to cut about 17% of its staff and reporting slower TurboTax sales than anticipated. The job reductions, which will affect about 3,000 workers, will trim costs while the financial software company invests in artificial intelligence products. They&rsquo;re meant to simplify the organization and turn it into a &ldquo;faster, leaner, more focused company,&rdquo; Intuit said Wednesday in a statement that included fiscal third-quarter results.

 Estee Lauder and Puig End Merger, Deckers Rises, Intuit PlungesL

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/580c4a46-1dc0-4eda-82b0-b451015cbe7c/transcript

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Emily Graffeo and Tim Stenovec.

- The Trump administration has agreed to award $1 billion to International Business Machines (IBM) to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry. The news sent shares of IBM up as much as 11% in New York on Thursday, marking the biggest intraday gain in more than a year.

- Ralph Lauren (RL) surged after it reported revenue and profit that beat analyst expectations, demonstrating the high-end apparel company’s momentum with consumers in the face of ongoing tariff uncertainty. Shares rose 10%, the most intraday since April 2025, at 10:18 a.m. in Thursday trading in New York. The stock has declined 6.9% for the year through Wednesday’s close.

-Walmart (WMT) shares are down 2.9% ahead of the bell after the retailer’s forecast for adjusted earnings per share for the second quarter fell short of the consensus estimate. The company maintained its annual forecasts, though the Street estimate for adjusted EPS sits 7c above the top end of the guidance range.

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Emily Graffeo and Tim Stenovec.
- The Trump administration has agreed to award $1 billion to International Business Machines (IBM) to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry. The news sent shares of IBM up as much as 11% in New York on Thursday, marking the biggest intraday gain in more than a year.
- Ralph Lauren (RL) surged after it reported revenue and profit that beat analyst expectations, demonstrating the high-end apparel company&rsquo;s momentum with consumers in the face of ongoing tariff uncertainty. Shares rose 10%, the most intraday since April 2025, at 10:18 a.m. in Thursday trading in New York. The stock has declined 6.9% for the year through Wednesday&rsquo;s close.
-Walmart (WMT) shares are down 2.9% ahead of the bell after the retailer&rsquo;s forecast for adjusted earnings per share for the second quarter fell short of the consensus estimate. The company maintained its annual forecasts, though the Street estimate for adjusted EPS sits 7c above the top end of the guidance range.

Closing Bell: IMB Gains, Ralph Lauren Jumps, Walmart Slides

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d9aed9ab-487f-4a80-ae20-b4510151e30a/transcript

On this episode of Stock Movers:

- Ralph Lauren (RL) surged after it reported revenue and profit that beat analyst expectations, demonstrating the high-end apparel company’s momentum with consumers in the face of ongoing tariff uncertainty. Shares rose 10%, the most intraday since April 2025, at 10:18 a.m. in Thursday trading in New York. The stock has declined 6.9% for the year through Wednesday’s close.

-Walmart (WMT) shares are down 2.9% ahead of the bell after the retailer’s forecast for adjusted earnings per share for the second quarter fell short of the consensus estimate. The company maintained its annual forecasts, though the Street estimate for adjusted EPS sits 7c above the top end of the guidance range.

- Deere (DE) shares fall as much as 7.2%, the most since August, after the company said it still expects a deep slump in the large agriculture machinery sector in the US and Canada this fiscal year, while conditions in South America will be worse than it previously saw. Analysts point out that a profit beat in the second quarter appeared to be fueled by tariff refunds.

On this episode of Stock Movers:
- Ralph Lauren (RL) surged after it reported revenue and profit that beat analyst expectations, demonstrating the high-end apparel company&rsquo;s momentum with consumers in the face of ongoing tariff uncertainty. Shares rose 10%, the most intraday since April 2025, at 10:18 a.m. in Thursday trading in New York. The stock has declined 6.9% for the year through Wednesday&rsquo;s close.
-Walmart (WMT) shares are down 2.9% ahead of the bell after the retailer&rsquo;s forecast for adjusted earnings per share for the second quarter fell short of the consensus estimate. The company maintained its annual forecasts, though the Street estimate for adjusted EPS sits 7c above the top end of the guidance range.
- Deere (DE) shares fall as much as 7.2%, the most since August, after the company said it still expects a deep slump in the large agriculture machinery sector in the US and Canada this fiscal year, while conditions in South America will be worse than it previously saw. Analysts point out that a profit beat in the second quarter appeared to be fueled by tariff refunds.

Ralph Lauren Jumps, Walmart Slides, Deere Tumbles

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5fbc8c14-50f5-4f8a-98a6-b451013acbf5/transcript

Novo Nordisk Falls, Praxis Precision Rallies, Lululemon Rises

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