Digital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections, the company announced Monday.

Shares of the company surged.

The company, which offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair loss, launched a weight loss program in December. But GLP-1 medications — such as Ozempic and Wegovy, which have skyrocketed in popularity — were not previously offered as part of that program.

Customers can access the compounded GLP-1 medications via a prescription from a licensed health-care provider on the Hims & Hers platform. Hims & Hers said it plans to make branded GLP-1 medications available to its customers once supply is consistently available.

The company’s oral medication kits start at $79 a month, and its compounded GLP-1 injections will start at $199 a month.

Even before it added compounded GLP-1s to its portfolio, Hims & Hers said in its fourth-quarter earnings report that it expects its weight loss program to bring in more than $100 million in revenue by the end of 2025. The company plans to offer updated guidance in its next earnings report.

The GLP-1 market, dominated so far by pharmaceutical giant Novo Nordisk, has faced supply constraints in recent months as the drugs get expanded approval from health regulators and increased health coverage.

GLP-1s mimic a hormone produced in the gut to tamp down a person’s appetite and regulate their blood sugar. When those medications are in shortage, certain manufacturers can prepare a compounded version if they meet U.S. Food and Drug Administration requirements.

The FDA does not review the safety and efficacy of compounded products, which are custom-made alternatives to brand drugs designed to meet a specific patient’s needs.

In a January release, the FDA said patients should not use a compounded GLP-1 drug if an approved drug, such as Wegovy, is available.

Hims & Hers CEO Andrew Dudum told CNBC that the company is “confident” that customers will be able to access a consistent supply of the compounded medications.

Dudum said Hims & Hers has spent the last year learning about the GLP-1 supply chain and has partnered with one of the largest generic manufacturers in the country that has FDA oversight.

“We have a certain degree of exclusivity with that facility that will guarantee our consumers consistent volume and supply,” he said.

Federal Deposit Insurance Corporation Chairman Martin Gruenberg announced Monday that he will resign, after a recent probe found a widespread culture of sexual harassment and discrimination at the independent agency.

“In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed,” Gruenberg said in a statement. “Until that time, I will continue to fulfill my responsibilities as Chairman of the FDIC, including the transformation of the FDIC’s workplace culture.”

Sen. Sherrod Brown, D-Ohio, on Monday called on President Joe Biden to replace Federal Deposit Insurance Corporation Chairman Martin Gruenberg after allegations of widespread sexual harassment and misconduct within the agency.

There “must be fundamental changes at the FDIC,” Brown, who chairs the Senate Committee on Banking, Housing, and Urban Affairs, said in a statement. “Those changes begin with new leadership, who must fix the agency’s toxic culture and put the women and men who work there — and their mission — first.”

“That’s why I’m calling on the President to immediately nominate a new Chair who can lead the FDIC at this challenging time and for the Senate to act on that nomination without delay,” Brown continued.

With his statement, Brown broke from fellow Democrats, who have largely condemned the allegations but refrained from pushing for Gruenberg’s resignation, instead calling for him to drive changes at the agency. Brown’s statement could signal the beginning of the end for the FDIC’s top regulator, who was nominated for the position in 2022 by Biden.

Law firm Cleary Gottlieb in April released a scathing report detailing an alleged culture of “sexual harassment, discrimination, and other interpersonal misconduct” at the FDIC.

The 174-page report, which drew from accounts of more than 500 people, also included, in part, allegations of Gruenberg’s short temper, accusing him of engaging in bullying and verbal abuse. Employees described the chairman as “aggressive” and “harsh,” according to the report. In one instance, Gruenberg allegedly screamed profanities at employees after they delivered bad news, the report said.

“For far too many employees and for far too long, the FDIC has failed to provide a workplace safe from sexual harassment, discrimination, and other interpersonal misconduct,” the report said.

Investigators said that while Gruenberg’s alleged behavior is not the “root cause” of misconduct at the FDIC, “we do recognize that, as a number of FDIC employees put it in talking about Chairman Gruenberg, culture ‘starts at the top.’”

The investigators added in the report that “Gruenberg’s reputation raises questions about the credibility of the leadership’s response to the crisis and the ‘moral authority’ to lead a cultural transformation.”

When reached by CNBC, the FDIC declined to comment on Brown’s call for Biden to replace Gruenberg.

Brown did not call on Gruenberg to resign.

Gruenberg on May 15 testified before the House Financial Services Committee, where he apologized for the misconduct at the agency and pledged to implement the report’s recommendations.

Republicans have been quick to call for Gruenberg’s removal following the report’s release, while Democrats have until now been more restrained in their criticism of the chairman, who is also a Democrat.

If Gruenberg were to leave the agency before a replacement is confirmed, it would leave the FDIC’s Board of Directors politically deadlocked with two Democrats and two Republicans, jeopardizing the Biden administration’s financial reform agenda.

According to the FDIC’s bylaws, Vice Chairman Travis Hill, a Republican, would assume the chairman’s responsibilities if the position became vacant.

Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while consumers pull back on dining out.

The deal will include a small portion of seasoned potatoes and a choice of either a bacon, egg and cheese English muffin or a sausage, egg and cheese English muffin, the fast-food chain said.

The promotion comes as Wendy’s rival McDonald’s plans a similar yet limited value meal option as it tries to boost traffic. Last week, CNBC reported the fast-food giant’s $5 meal deal would be available in stores for only a month, starting June 25.

Consumers have become more selective about where they spend their dollars, and some restaurants have started to see a long expected consumer pullback. Other fast-casual chains have enjoyed strong sales despite higher prices.

As inflation lingers, companies that cater to lower-income consumers have faced a particular challenge bringing in customers.

Wendy’s earlier this month reported first-quarter revenue grew a modest 1.1% to $534.8 million. Its same-restaurant sales worldwide grew only 0.9% in the quarter.

McDonald’s missed first-quarter earnings expectations last month. Although higher prices have helped the chain’s revenue, they have scared away some low-income customers. Chief Financial Officer Ian Borden said the company has adopted a “street-fighting mentality” to compete for value-minded diners.

KFC, Pizza Hut and Taco Bell owner Yum Brands also posted a disappointing earnings report earlier this month, as revenue missed Wall Street estimates. The company cited same-store sales declines for KFC and Pizza Hut.

Four minors as young as 16 were allegedly discovered working overnight at an Alabama slaughterhouse owned by the same firm that was found directly responsible for the death of a 16-year-old Mississippi worker last summer, the U.S. Labor Department said in federal court filings.

The company, Mar-Jac Poultry, has denied that it knowingly hired minors for its Jasper, Alabama, facility, saying the workers had verified IDs that gave ages older than 17, and has also argued that some of the workers were performing jobs that are not prohibited by federal regulations.

The Labor Department is seeking a temporary restraining order against Mar-Jac as part of the ongoing legal dispute. Agency officials declined to comment, citing their investigation.

The Labor Department has said that most slaughterhouse work is too dangerous for minors and is prohibited by federal regulations. Under the Biden administration, the department has taken action against companies for employing minors to clean, use or work near dangerous machinery. A chicken trade group to which Mar-Jac belongs says it has ‘zero tolerance’ for employing minors, and a major meat industry trade group also stated recently that no minors should be working in slaughterhouses.

Mar-Jac’s attorney Larry Stine said the company has a policy of not hiring anyone under the age of 18. Federal law, however, does not categorically prohibit minors from working in slaughterhouses, listing a few narrow exceptions. Stine told NBC News that to defend against child labor allegations, he argued in court filings that the specific jobs were allowed under the law.

The Mar-Jac Poultry plant in Jasper, Ala.Google Maps

Stine wrote in a brief that the job performed by two of the workers in the “rehang department,” which involves lifting and hanging chilled and eviscerated chicken carcasses, is not prohibited by federal regulations. He also wrote that the workers were not using power machinery, and that a job where one of the workers used a knife to cut wings from carcasses on a conveyor belt is also not prohibited.

The company said the workers were verified through the government’s E-Verify system and that once the Labor Department identified them as minors the workers were immediately fired. Stine said the alleged minors in Alabama were hired directly by Mar-Jac and not a third-party staffing company.

The Jasper plant was cited in December for a “serious violation” of worker safety by a different part of the Labor Department, the Occupational Safety and Health Administration.

In November, according to OSHA, an employee “reached into [a] machine using an unguarded approach attempting to rectify the hanging placement of a chicken and was injured.”

According to the agency’s online enforcement database, Mar-Jac formally settled with OSHA on the injury citation earlier this week.

Court documents show the Labor Department’s child labor investigation into the Alabama facility began with a complaint in March of this year. In May, 20 Labor investigators went into the plant without prior notice in the early-morning hours and verified that at least four of the workers at the plant were minors, according to the department’s court filings.

The Jasper facility processes more than 1.6 million chickens per week, according to the company’s website.

In affidavits, Labor Department investigators said there were 18-year-old workers present who told investigators they were hired by Mar-Jac when they were 15.

At least some of the minors working at the plant were Guatemalan and attended a local high school, Labor investigators said. They said the minors started their shifts at 11 p.m. and worked from Sunday through Thursday.

In January, OSHA found Mar-Jac to be directly responsible for the death of 16-year-old Duvan Perez at its Hattiesburg, Mississippi, facility. Perez’s body was sucked into a machine that he was cleaning on the night shift and he died instantly. Perez’s family has filed a wrongful death lawsuit against Mar-Jac.

The company has contested OSHA’s conclusions, according to the agency’s enforcement database.

In a previous email about the incident, Stine said, “Mar-Jac thoroughly investigated the accident and has not found any errors committed by its safety or human resources employees. It has learned many lessons from the accident and has taken aggressive steps to prevent the occurrence of another accident or hiring underage workers.”

The NBC News documentary “Slaughterhouse Children” revealed that at least nine times in the past three years, American citizens have complained to the Hattiesburg Police Department and sometimes to Mar-Jac that their identities were stolen and being used by Mar-Jac workers, according to police reports obtained via public information requests.

The company maintained that it was duped by workers using false identities who were hired by an outside staffing firm.

Perez used the identity of a 32-year-old man to get his job at Mar-Jac in Mississippi, the company previously told NBC News. The company has also said Perez was a contract worker and that Mar-Jac relied on a staffing company to fill positions at the Hattiesburg facility and verify work eligibility.

As part of the company’s response to Perez’s death, Mar-Jac said it was applying additional scrutiny to any IDs presented for employment. Company representatives said they were also hanging up signs saying children could not be employed and the third-party hiring firm was required to provide a photo of applicants to Mar-Jac in addition to their photo ID.

Some of the steps Mar-Jac said it was taking in Mississippi are the same as those recommended in a new “best practices” document for meat processing companies released a few weeks ago by the nation’s largest meat industry trade group, the Meat Institute, which represents companies that sell beef, pork, lamb and poultry products.

The group’s best practices were published after a year of aggressive federal investigations and high-profile media coverage showing that the hiring of children to work in slaughterhouses was widespread across the industry.

But the trade group also said categorically that minors should not be working in slaughterhouses. In a press release accompanying the new best practices document, Meat Institute President and CEO Julie Anna Potts wrote, “The members of the Meat Institute are universally aligned that meat and poultry production facilities are no place for children.”

Stine noted that Mar-Jac is not a member of the Meat Institute. Mar-Jac does belong to trade groups representing the poultry industry, including the National Chicken Council, which says it represents companies that provide about 95 percent of chicken meat products to U.S. consumers.

In a statement, Tom Super, a spokesperson for the National Chicken Council, said, ‘The poultry industry has zero tolerance for the hiring of minors. Our members have recently come together to form a Task Force to Prevent Child Labor, to treat this issue as non-competitive and to foster collaboration through the sharing of best practices that aid in the prevention of minors from gaining employment.’

‘Unfortunately, in most of these cases, minors are hired even when using all of the required government screening programs and the applicants appear to be of legal age. These challenges are not unique to the poultry industry but are systemic issues affecting many other sectors in the United States, as well.’

Asked about Mar-Jac’s assertion that minors are not barred from some jobs, however, Super said, ‘Some jobs are lawful, some aren’t. We oppose all unlawful hiring.’

Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.

The company said in a statement that the price cuts are concentrated in grocery staples like milk, meat, bread, fruit and vegetables, as well as paper towels and diapers, with many cuts affecting its company-owned Good & Gather and Everspring brands.

It had already cut prices on some 1,500 other items.

“We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more,” said Rick Gomez, executive vice president and chief food, essentials and beauty officer at Target. “Our teams work hard to deliver great value every day, and these new lower prices across thousands of items will add up to additional big savings for the millions of consumers that shop Target each week for their everyday needs.”

As the rate of annual inflation remains stuck above 3% and the Fed’s key interest rate remains unchanged, many consumers are starting to pull back on spending and becoming more selective about what they purchase.

“Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending,” McDonald’s CEO Chris Kempczinski said on the company’s conference call in late April.

One of Target’s chief competitors, Walmart, recently signaled that even higher-income consumers were turning toward its offerings as “wallets are still stretched.”

“We’ve got customers that are coming to us more frequently than they have before and newer customers that we haven’t traditionally had, and they’re coming into a Walmart whether it’s a virtual store online, or whether it’s one of our physical stores,” said Walmart CFO John David Rainey in an interview with CNBC.