Julie Morgan

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Seattle Seahawks Monday, February 9th.

I'm Julie Morgan.

HIMS and HERS Health is on our biggest movers list ahead of market opening.

HIMS is down 15% in pre-market action.

We told you Sunday on Wall Street Brunch that HIMS said it will stop offering a compounded copycat version of Novo Nordisk WeGoV pill, following pressure from Novo and heightened FDA scrutiny.

In a post on X, the company said it decided to discontinue the treatment after constructive conversations with industry stakeholders.

The move comes after the commissioner of the FDA said regulators would target companies producing mass-market copycat drugs, which raises broader concerns around compounded GLP-1 offerings.

Novo Nordisk is up 7 percent in pre-market action following the announcement.

Samsung Electronics shares rose as much as 6.4 percent on Monday after a report that the company will begin mass production of HBM-4 memory chips.

The chips are used as part of the build-out for artificial intelligence infrastructure.

A news outlet reported that the South Korean company plans to ship the semiconductors to NVIDIA as early as the third week of February.

The report said, citing unnamed industry sources, that the HBM chips will be used to power NVIDIA's Vera Rubin AI accelerators.

Luckin Coffee continues to take aim at Starbucks.

The coffee chain announced the official inauguration of its 30,000th store on Sunday.

It's the first origin flagship in Shenzhen.

China's Luckin Coffee is targeting Starbucks' high-end roastery market with a new flagship in the South, marking its first major move from budget stores that once helped it surpass Starbucks in store count.

Luckin has a vast network across more than 300 Chinese cities and is expanding its presence in Singapore, Malaysia, and the U.S.

According to a CNBC report, in contrast to Luckin's typical offerings priced at roughly $1 or $2 for an Americano or latte, the flagship store has nudged prices slightly higher for a range of pour-over and cold brew coffee drinks.

This store also marks Luckin's first adoption of high-end semi-automatic coffee machines.