Shares of Hims & Hers Health jump 20% on Trump's FDA pick, Dr. Marty Makary, seen as a potential regulatory ally.

Hims & Hers Health shares surged by over 20% after President-elect Donald Trump nominated Dr. Marty Makary as the head of the FDA. Makary, an advocate for telehealth and executive at Sesame, a company that sells compounded weight-loss drugs, could potentially bring favorable changes to the regulatory landscape for Hims & Hers. This optimism is supported by Hunterbrook Capital’s recent long position in the company, citing potential benefits from Makary's leadership. However, Wall Street remains cautious, with many analysts maintaining hold or sell ratings.

November 25, 2024
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