markets

J. Edward Moreno6/27/25

Hims recovers some of its losses after filling out C-suite

Hims & Hers rose more than 10% Friday morning after the company revealed a new addition to its C-suite, cutting some of the losses following a messy breakup with Novo Nordisk.

Hims announced Thursday that it hired Dheerja Kaur as its first chief product officer. Kaur was previously vice president of product at Robinhood and oversaw operations at Sherwood Media as part of her remit. (Sherwood Media is an editorially independent subsidiary of Robinhood Markets Inc.)

Retail traders were quick to buy more Hims stock during the recent dip, and hiring this new executive might give them another reason to believe the company will get through the rough patch better than expected. In May, Hims hired Mo Elshenawy as its chief technology officer and Nader Kabbani as its chief operations officer.

The stock tanked more than 30% on Monday after Novo announced that its partnership with Hims was over. The partnership was not a revenue driver for Hims, but investors saw it as a protection from litigation risk and a potential sign of future collaboration with the drugmaker.

The stock is now up 20% since its Monday dip, but still down about 15% from before Novo made the announcement.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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