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It’s time for Yahoo Finance’s Market Minute.
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US stocks in rally mode, capping off a wild week on Wall Street.
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Investors are rotating back into tech after this week’s major rout.
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And Bitcoin also rebounding, trading above $70,000 after hitting its lowest level in more than a year overnight.
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We’re also watching shares of Hims & Hers and Novo Nordisk.
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Novo is rallying while Hims is edging lower after the FDA Commissioner said the agency will take action against copycat drugs.
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Earlier this week, Hims announced the launch of its knockoff Wegovy pill that it’s offering for $49 a month.
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Another loser in Friday’s session, Molina Health.
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Shares of the insurer are plunging on the heel of earnings.
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The company’s guidance is especially weak, citing the implementation of a new Medicaid contract and Medicare part D under performance.
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And that is your Yahoo Finance Market Minute.