Group 1 - Novo Nordisk is suing Hims & Hers over the sale of copycat versions of its Wegovy obesity treatment, claiming it deceives patients and risks their health [3] - Hims & Hers announced it would withdraw its copycat weight-loss pill from the market after legal threats from Novo Nordisk, which sells its pills for approximately $149 [3] - Shares of Hims & Hers fell over 20% in premarket trading, while Novo Nordisk's shares rose about 5.5% [4] Group 2 - Meta is facing two significant trials this week that could impact the company and the social media industry [6] - In New Mexico, Meta is accused of failing to protect child users from online predators and facilitating access to exploitative materials [7] - A separate trial in Los Angeles involves allegations that Meta and other platforms did not inform users about potential mental health risks associated with their apps [7] Group 3 - Gen Z is showing a strong interest in the aesthetic of 2016, with increased searches and playlists from that year [8] - This trend is attributed to economic unease, leading consumers to revert to familiar styles from a perceived stable era [9] - Brands like Abercrombie & Fitch, Victoria's Secret, and Urban Outfitters are expected to benefit from this nostalgia-driven consumer behavior [9]
Dow 50,000, Super Bowl 60, Meta's big week in court and more in Morning Squawk