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Top Midday Stories: Hims & Hers Health Rises on Weight Loss Injections; Apple's China Discount; Jabil Names CEO After Probe; Norwegian Boosts Guidance; Google's Finland Investment
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Top Midday Stories: Hims & Hers Health Rises on Weight Loss Injections; Apple's China Discount; Jabil Names CEO After Probe; Norwegian Boosts Guidance; Google's Finland Investment
May 20, 2024 9:31 AM

12:14 PM EDT, 05/20/2024 (MT Newswires) -- The major US indexes were higher at midday Monday as investors geared up for chipmaker Nvidia's ( NVDA ) quarterly earnings later in the week.

In company news, Hims & Hers Health ( HIMS ) rose nearly 35% after the company said it now offers GLP-1 injections starting at $199 per month, using compounded versions of the active ingredient in weight loss drugs sold by Novo Nordisk (NVO) and Eli Lilly (LLY).

Apple ( AAPL ) rose nearly 1% in recent trading after Reuters reported that the company launched a significant discount campaign on its official Tmall site in China, offering up to 2,300 yuan ($318) off select iPhone models. The largest discount applies to the 1TB iPhone 15 Pro Max, the report added.

Jabil ( JBL ) advanced more than 6% after the company said Chief Financial Officer and interim Chief Executive Michael Dastoor has been named chief executive. Gregory Hebard has been named chief financial officer. The appointments come after the completion of a probe related to corporate policies, which Jabil ( JBL ) had disclosed on April 18, the company added.

Norwegian Cruise Line ( NCLH ) added more than 8% after the company said it is increasing its full-year 2024 adjusted EPS guidance to $1.42 from $1.32 due to "strong demand and an improved outlook for the year." Analysts polled by Capital IQ expect $1.33.

Neuralink received authorization from the US Food and Drug Administration to implant its brain chip in a second person, The Wall Street Journal reported, citing a person familiar with the company and a document. The implant will take place in June and Neuralink plans to implant 10 people with the device this year, the report added.

Overseas Shipholding Group ( OSG ) climbed nearly 23% after the company said it will be acquired by Saltchuk Resources in a deal valued at a total of $950 million. The transaction, which values Overseas Shipholding ( OSG ) at an aggregate equity value of around $653 million, has been unanimously approved by the boards of directors of both companies.

Alphabet's (GOOG, GOOGL) Google ( GOOG ) is making a further investment of 1 billion euros ($1.09 billion) to expand its data center campus in Hamina, Finland, the company confirmed to MT Newswires in an email. The Hamina site offers jobs to roughly 400 people and the latest investment will add 100 more full-time jobs. Shares rose nearly 1% in recent trading activity.

Price: 19.74, Change: +5.17, Percent Change: +35.48

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