Stock Movers Uber, DoorDash Sink; Hims & Hers, Live Nation Surge
Mar 9, 2026
Avalon Purnell, Bloomberg equities reporter who covers market-moving company news. She explains why rising oil pressured ride-share names. She recounts Hims & Hers’ surge after a Novo Nordisk distribution deal. She breaks down Live Nation’s rally following a DOJ settlement and what it means for ticketing and concerts.
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Fuel Spike Directly Pressures Uber And DoorDash
- Ride-hailing and delivery stocks fell as oil topped $100, since fuel cost spikes directly hit their margins.
- Bloomberg Intelligence notes these firms struggle to pass costs to price-sensitive customers, pressuring Uber (UBER) and DoorDash (DASH) stock.
Novo Nordisk Reverses Course And Restores Drug Distribution
- Hims & Hers surged after Novo Nordisk agreed to sell its weight-loss drugs on Hims' telehealth platform, ending a public feud.
- The move follows a lawsuit and Hims' pledge to stop advertising copycat drugs, restoring access to branded treatments.
Live Nation Keeps Ticketmaster After DOJ Settlement
- Live Nation stock jumped after settling with the DOJ and keeping Ticketmaster, avoiding a forced divestiture of its ticketing arm.
- The company will pay $200 million, divest some amphitheaters, but retains Ticketmaster amid lingering consumer-demand concerns.