Markets
Hims/Yourbio
(Hims & Hers)

Hims to acquire blood collection company YourBio

Hims didn’t disclose the price it’s paying for YourBio, but said it’s a cash deal expected to close in 2026.

J. Edward Moreno

Hims & Hers struck a deal to buy blood collection company YourBio, Hims said Wednesday.

YourBio makes a device that uses “bladeless microneedles thinner than an eyelash” to collect blood samples painlessly. The announcement comes just weeks after Hims rolled out its Labs app, which analyzes bloodwork and recommends treatments.

Hims didn’t specify exactly how YourBio’s product will be integrated or what it would pay to buy the company.

Hims acquired an at-home blood-testing facility, Trybe Labs, in February for $5.1 million. It’s being used to onboard patients in Hims’ new hormone treatment segments. Its labs product is through a partnership with Quest Diagnostics.

Hims said it expects the acquisition to close in 2026 and that it was a cash deal. According to its latest quarterly filing, the company had $345.8 million in cash and cash equivalents.

Hims raised $1 billion in May, which CEO Andrew Dudum said would help the company invest in focus areas like international expansion and artificial intelligence. It acquired a European peer, Zava, in July for $265.7 million.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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