The Rundown - Meta Signs 20-Year Nuclear Power Deal, Hims Acquires European Telehealth Platform

Episode Date: June 3, 2025

Stock market update for June 3, 2025. This video is for informational purposes only and reflects the views of the host and guest, not Public Holdings or its subsidiaries. Mentions of assets are not recommendations. Investing involves risk, including loss. Past performance does not guarantee future results. For full disclosures, visit ⁠⁠⁠⁠⁠⁠Public.com/disclosures⁠⁠⁠⁠⁠⁠.

Public.com presents the rundown. Your daily market update in under 10 minutes. My name is Zadadmani, and today is Tuesday, June 3rd. In today's episode, we'll break down meta's deal with a nuclear power company to power all their AI data centers. We'll also tell you about Hymns' acquisition of a European health company. Then stick around to the end of the show to find out how many users Timu lost in May. We got a great show for you today. Let's Go. Stocks got off to a solid start this week. The S&P 500 was up 0.4%.

And the NASDAQ was up 0.7%. Monday was another one of those days where the market started off in the red. In fact, the S&P was down 0.8% at one point, but then it rallied in the afternoon to finish in the green. I think we're kind of in a weird spot right now because trade tensions are starting to bubble up again. Trump just doubled tariffs on steel and aluminum over the weekend from 25% to 50%,

which has the European Union pretty upset and they might retaliate. And then over in China, their Ministry of Commerce said the White House had severely undermined the agreement that two countries had just put together in Geneva a couple weeks ago. So trade tensions are starting to boil again. President Trump and Chinese President Xi Jinping are expected to talk sometime this week. So maybe that'll cool things off or it could maybe make it worse. We'll have to see. Also remember, the original 90-day tariff pause in the reciprocal tariffs is expected to

expire on July 9th. So that's coming up pretty fast too. But the thing is, investors seem to be ignoring the trade tensions and they keep buying the dip. In fact, the S&P and NASDAQ are both within 4% of all-time highs. You know, investors seem to be fully convinced that Taco Trade is in full play and Trump is ultimately going to back down from tariffs. And look, I'm not complaining, okay? It's great to see my portfolio in the green every time I open up the public app. But I kind of have my guard up, you know? It's like having a 13 point lead in the fourth quarter with two and a half minutes to play. Like, you want to celebrate, but you also just not quite yet. So yeah, it's shaping up to be a pretty interesting summer. Let's run through some headlines. And we're starting with

META again. Meta is signing a 20-year nuclear energy deal with Constellation Energy. Constellation Energy is the largest nuclear operator in the U.S. And META is buying 1.1 gigawatts of electricity starting in 27. That's the equivalent of powering 800,000 homes and pretty much the entire output from Constellations reactor site in Clinton, Illinois. This is Meta's first ever nuclear power deal, and similar to other big tech companies that have done a similar deal, they need this energy to power artificial intelligence. We know that AI needs a ton of data, well, it also requires a ton of electricity, and nuclear offers consistent carbon-free power. And meta might not be done, because back in December, they put a call out for proposals to secure

up to four gigawatts of nuclear energy from new U.S. reactors. By the way, this deal also gives new life to the Clinton plant. It was scheduled to be shut down in 27, but Meta's money will help Constellation apply for federal relicensing and invest in upgrades that could boost output. I mean, there's even talks of building a second reactor on the site, which already has federal approval. So yeah, it looks like AI has revitalized the investments in nuclear energy, and Constellation has become the go-to supplier for that.

Remember, last year, they sold all of their three-mile island. to Microsoft. And all these deals with tech companies has been a major boost for Constellation stock price. The stock is up more than 40% over the last 12 months and it's up another 10% this morning in reaction to this news. If you want to learn more about the stock, check out ticker symbol C.E.G on the public app. Speaking of a company that's having a big year, let's talk about the telehealth company, Hems and Hers. They just announced plans to acquire Zava, which is a digital health platform in Europe. This move will give Hems a much bigger footprint in the UK, where they first launched back in 2021, and it officially brings Hymns to Germany, France,

and Ireland for the first time. Zava already has 1.3 million active customers, and so by acquiring them, Hymns is growing their active customer base by about 50%. And as I mentioned a second ago, this stock has been on an absolute heater. It's up 135% since April 22nd. And this rally really kicked into gear after Hymns signed the deal with Novo Nortis to sell their weight loss drug, Wegovy through their platform. And the reason that was a big deal was because before that, Hymns was selling compound versions of weight loss meds, basically like a generic copycat. But a federal judge recently ruled that compounding pharmacies couldn't keep selling

wegovy knockoffs. So now they're just selling the official thing. And they're trying to become the go-to platform for everything ranging from weight loss to ED to hair loss. So that's why investors are excited about the company and they're excited about this acquisition of Zava. Hym shares were up 6% this morning on this news at the top. time in this recording. I have to say that because him stocks moves like crazy throughout the day.

So by the time you listen to this, it might be up 20% or down 5%. Let's talk about some stocks making moves today. The discount retailer Dollar General is in the green this morning after topping earnings estimates and raising their full year sales forecasts. Same store sales in Q1 jumped 2.4% well above the 1.4% that analysts were expecting. Now, Dollar General does have exposure to tariffs on their Chinese import. but the company told investors that it's got a game plan to cushion the blow. Now, the company did warn that low-income shoppers are pulling back on some spending due to

inflation trends, but discount retailers like Dollar General have historically held up pretty well during economic slowdowns. So Dollar General, a big winner this morning, the stock is up more than 10% today at the time of this recording. Now, on the flip side, shares of Neo are slipping after the Chinese EV maker missed both revenue and earnings estimates for the quarter. The company said they delivered more than 42,000. vehicles, that's up 40% from a year ago, but I guess investors were hoping for even stronger

growth. Chairs of Neo are down more than 3% this morning at the time of this recording. I remember a time like two years ago where Neo was like the hottest stock in the world. I feel like BYD just kind of stole all their thunder. Let's wrap the show with a fun fact. Timu is getting cooked these days. According to Censor Tower, the Chinese discount e-commerce app saw its daily U.S. users drop 58% in May. And their app is now ranked

outside of the top 100 in the app store. And that's pretty wild since TEMU was the most downloaded app in 2023 and 24 here in the U.S. Now, a big reason for the drop in users is the end of the de minimis loophole. The Trump administration closed that loophole earlier this year, which allowed packages under $800 to enter into the U.S. without having to pay any tariffs.

So because of that loophole, Timu didn't have to pay tariffs on pretty much any of the stuff they shipped to the U.S. But now that the loophole is gone, Timu has to pay tariffs, which is forcing them to raise prices. And suddenly, their items don't look so cheap compared to Walmart and Amazon. The company's already starting to cut ad spending in the U.S. and they're tweaking their fulfillment model to try to make the business model work. But if these tariffs stick around, Timo's days of being a real threat to U.S. retailers like Walmart and Amazon might be over. I've never been a big Timo guy myself, but especially now,

because if Timu isn't that much cheaper than Amazon, I'd rather just order on Amazon and get my item in one or two days instead of waiting one or two weeks or months sometimes. But yeah, let me know in the comments. Are you guys still using Timu? Because a lot of people I know pretty much aren't using it anymore. Well, all right, guys, that's the rundown for today. Hope you guys enjoyed today's episode.

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