💉 Hims & Hers Cashes In

Good afternoon! Caesars is cashing in where it counts—and it’s not the roulette tables. Shares popped nearly 14% last week after the casino giant dropped a new NBA-themed slot game just as the playoffs heat up. Digital gambling has become Caesars’ MVP, raking in $1.1 billion last year while Vegas revenues keep cooling.

Now, the company’s online empire is growing so fast there’s talk of spinning it off. With brick-and-mortar casinos losing steam, Caesars is betting its future on your phone screen—and so far, it’s hitting nothing but net.

MARKETS

• Markets ended solidly in the green Tuesday after a choppy start, with earnings season in full swing and automakers scoring a temporary break from tariffs. The Dow climbed 300 points (0.75%), while the S&P 500 rose 0.58% and the Nasdaq added 0.55%—marking the longest win streak of the year for the Dow and S&P.

• Fueling the optimism: whispers of a major trade deal on the horizon. The White House teased progress without naming names, and Treasury Secretary Scott Bessent kept the pressure on China, saying “the onus is on them.” Investors don’t have details, but they liked the sound of less trade drama.

STOCKS
Winners & Losers

What’s up 📈

• Leggett & Platt soared 31.6% after the bedding products manufacturer reiterated its full-year outlook. ($LEG)

• Hims & Hers Health jumped 23% following news that Novo Nordisk will offer its weight loss drug Wegovy through Hims’ platform. ($HIMS)

• Cadence Design Systems advanced 5.7% after posting first-quarter earnings of $1.57 per share, surpassing estimates. ($CDNS)

• Honeywell rallied 5.4% on better-than-expected earnings for the first quarter. ($HON)

• Deutsche Bank jumped 4% as the lender saw its profit surge 39% in the first quarter. ($DB)

• Sherwin-Williams advanced 4.8% after better-than-expected earnings per share and reaffirmed full-year guidance. ($SHW)

• Pfizer popped 3.2% after announcing an expansion of its cost-cutting initiatives and posting a profit that surpassed expectations. ($PFE)

• D.R. Horton rose 3.16% despite weaker-than-expected Q2 earnings, as investors remained bullish on housing. ($DHI)

What’s down 📉

• NXP Semiconductors tumbled 6.94% after lower-than-expected earnings guidance disappointed investors. ($NXPI)

• Regeneron slid 6.87% due to disappointing sales for its eye drug Eylea. ($REGN)

• Wolfspeed declined 15.98% after a short squeeze rally fizzled out. ($WOLF)

• Spotify dropped 3.48% even with active monthly users rising 10%, as lower guidance hurt investor sentiment. ($SPOT)

TELEHEALTH
Hims & Hers to Sell Novo Nordisk’s Wegovy in U.S.

Hims & Hers just made a comeback worthy of a Netflix docuseries. Novo Nordisk, maker of the hit weight-loss drug Wegovy, is now letting Hims, Ro, and LifeMD sell the injectable directly to customers at a discounted price—starting as low as $499/month. That’s about 60% off the sticker price, and it comes bundled with clinical support and wellness coaching.

A Sudden Alliance

Until recently, these telehealth firms were Novo’s biggest headache—hawking cheaper, compounded versions of GLP-1s while the real thing was stuck in shortage limbo. But with the FDA cracking down on compounded meds and insurance coverage still iffy, Novo’s strategy has flipped: if you can’t beat the DTC platforms, join ‘em.

Market Reacts: Injected with Optimism

Wall Street loved the pivot. Hims shares spiked 33%, LifeMD soared 41%, and Novo ticked up 4%. The move mirrors Eli Lilly’s recent link-up with WeightWatchers to push its own drug, Zepbound, in a race to dominate the obesity drug market—which analysts expect could top $100 billion.

The New Weight-Loss Pipeline: Telehealth platforms are becoming the new front door for blockbuster drugs. And with pill-based versions of GLP-1s on the horizon, expect even more shakeups ahead. In the meantime, Wegovy’s gone from pharmacy counter to subscription box—and Hims just went from underdog to golden child.

NEWS
Market Movements

• 🚀 Amazon Enters Satellite Internet Market: Amazon has launched its first 27 Project Kuiper satellites, aiming to establish a 3,200-satellite constellation to compete in the satellite internet space dominated by SpaceX’s Starlink. Service will begin once a total of 578 satellites are deployed. ($AMZN)

• ⚖️ White House Expresses Displeasure with Amazon Tariff Display Plans: The White House condemned Amazon's brief contemplation of displaying tariff costs alongside product prices as a 'hostile and political act' before the retailer clarified it will not implement such a feature. ($AMZN)

• 📦 UPS Faces Post-Earnings Volatility: UPS shares declined after the shipping giant's Q2 guidance, which did not meet expectations and pointed to margin pressure from additional tariffs, despite a strong Q1 earnings performance. ($UPS)

• 💳 PayPal Maintains Full-Year Earnings Forecast Amid Strong Q1: PayPal reported better-than-expected Q1 earnings, leaving its full-year forecast unchanged amidst concerns about global economic uncertainty and tariff impacts. ($PYPL)

• 🚘 U.S. Auto Tariffs See Potential Easing: President Trump is expected to soften auto tariffs by allowing automakers to avoid stacking additional duties and introducing partial reimbursements for foreign parts, providing short-term relief for companies like GM and Ford. ($GM, $F)

• 🎙️ Spotify Investing Heavily in Podcasting: Spotify has spent over $100 million on podcaster payments since January to enhance video content, resulting in a significant 40% rise in video podcast viewership on its platform in 2025. ($SPOT)

• 💰 Merck Plans New Biologic Drug Plant: Merck is investing $1 billion in a new biologic drug manufacturing plant in Delaware, including a versatile version of Keytruda, which will create 500 jobs and improve U.S. drug supply stability amid potential tariff challenges. ($MRK)

• 📈 Adidas to Raise U.S. Prices Due to Tariffs: Adidas has warned of impending U.S. price increases due to the new tariffs imposed by the Trump administration, even as its Q1 net income rose by 155%.

AI
Meta Launches Standalone AI App to Compete With ChatGPT

Meta dropped a standalone AI app on Tuesday, making it easier for users to access Meta AI without diving into Instagram, WhatsApp, or Facebook. Powered by Meta’s Llama 4 model, the app lets you chat, ask questions, and even hold voice conversations—basically trying to do everything ChatGPT can, but with a heavy dose of personalization based on all the data you’ve already shared with Meta.

What Makes It Different

Unlike OpenAI or Anthropic, Meta doesn’t have to guess what you like—it already knows. The new app taps into your existing profile info, your favorite posts, and your friend list to serve up more customized answers. If you want, you can even teach it extra facts about you, like being lactose intolerant, so it doesn't recommend a cheese tasting on your next trip. (Yes, really.)

Trying to Be Social, Too

Meta’s AI app also features a “Discover” feed where users can post about how they’re using AI—like asking the bot to describe them in three emojis. Sharing is optional, but it’s clear Meta hopes to make AI a little more viral and a lot more social. Just remember: Meta’s empire is built on ads, so you might want to double-check what you’re sharing with your new AI pal.

Big Picture: The move shows how seriously Meta is gunning for ChatGPT and the broader consumer AI market, joining a growing pileup of AI apps from Google, xAI, and others. Meta says it’s already serving 700 million monthly users across its platforms and expects that number to top a billion by the end of the year. For now, Meta’s strategy is simple: If you’re already living inside its apps, why not make it your go-to AI, too?

Calendar
On The Horizon

Tomorrow

Wall Street’s bracing for a data deluge tomorrow, with key reports set to test investor nerves. First up: first-quarter GDP, which could show early signs of tariff fallout, plus the ADP jobs report ahead of Friday’s big labor print. March’s PCE inflation data will also drop, giving the Fed one last inflation gut check before tariffs muddy the waters even more.

As if that’s not enough, a parade of earnings is on deck. Heavyweights like Samsung, Qualcomm, Caterpillar, Airbus, Robinhood, and Wingstop are all set to report, making tomorrow a true stress test for stocks across tech, industrials, and consumer names.

NEWS
The Daily Rundown

• ✈️ U.S. Navy Fighter Jet Lost in Red Sea Mishap During Towing Operations: A U.S. Navy F/A-18E Super Hornet jet valued at $60 million fell into the Red Sea after it slipped from the USS Harry S. Truman during towing. One sailor was injured, and a thorough investigation has been initiated to assess the incident.

• 🔫 Trial for Kim Kardashian's 2016 Paris Robbery Begins with Escalated Media Interest: The long-awaited trial for the robbery of Kim Kardashian has commenced, featuring ten suspects charged with the crime. The case is highly publicized as Kardashian is expected to testify regarding the traumatic event involving an $9 million jewelry heist.

• ⚡ Massive Blackouts Hit Spain and Portugal, Disrupting Daily Life: Millions in Spain and Portugal were left without power due to a significant blackout that delayed flights and affected traffic signals. The cause remains undetermined as authorities report the grid experienced large oscillations, leading to disconnections.

• 🇨🇦 Mark Carney's Victory Secures Leadership Amid Economic Turmoil in Canada: Former central banker Mark Carney retains his position as Prime Minister of Canada, facing challenges from Trump's trade war and economic uncertainties. Public support surged as Canadians rallied behind Carney's leadership during rising tensions with the U.S.

• 📺 Scott Pelley Critiques CBS’s Corporate Control on 60 Minutes: During a recent segment, correspondent Scott Pelley criticized CBS parent company Paramount for tightening editorial controls on the news program, clouding its journalistic independence. This has raised concerns following the resignation of veteran producer Bill Owens amid controversial corporate influences.

• 🏈 Commanders Announce $3.7 Billion Deal to Revamp DC Stadium Site: The Washington Commanders plan a $3.7 billion investment to redevelop the RFK Stadium area, proposing a new 65,000-seat stadium along with housing and retail spaces. While it represents a historic private investment for DC, tax funding may be contentious among council members concerned about public expenditure on sports facilities.

• ✈️ US Domestic Flight Fares Decline as Economic Uncertainty Grows: Flight prices within the United States have decreased by 5.3% compared to last year, as airlines face declining traveler numbers. The drop in demand has shifted airline strategies, leading to promotional sales despite consistent international travel interest from Americans.

• 📉 Consumer Spending Patterns Diverging Amid Economic Strain: Recent credit card data reveals a split in consumer spending, with affluent buyers continuing to invest in luxury items while lower-income individuals curtail spending to essentials. This reflects a "selective recession," indicating inequitable economic pressures across different income groups.

• 🛒 US Retail Faces Looming Product Shortages Due to Sharp Decline in Imports: Cargo handlers are raising warnings about significant drops in goods from China due to high tariffs that may lead to empty shelves across US stores next month. Shipments from China have plummeted 65% within weeks, with expected declines in major retail operations, prompting executives from top companies to signal a trade crisis to the Trump administration.

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