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Eli Lilly CEO says company can help 'respond' to national security concerns around essential drugs a...
The CEO of Eli Lilly indicated that the company is willing to assist in addressing national security issues related to the manufacturing of essential drugs as tariffs become a conc...
Read Full Article →McDonald’s reports largest U.S. same-store sales decline since 2020
McDonald’s experienced its largest decline in same-store sales in the U.S. since 2020, surpassing earnings per share expectations but not meeting revenue targets for the first quar...
Read Full Article →CVS tops estimates, hikes guidance as insurance business shows some improvement
CVS has raised its full-year earnings forecast to between $6 and $6.20 per share due to positive developments in its insurance sector, surpassing previous expectations.
Read Full Article →GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
General Motors has adjusted its 2025 earnings forecast downward, anticipating a potential financial impact ranging from $4 billion to $5 billion due to tariffs imposed on the autom...
Read Full Article →Eli Lilly sales soar 45% on weight loss drug demand, but drugmaker cuts profit outlook after cancer...
Eli Lilly experienced a significant increase in sales attributed to strong demand for its weight loss and diabetes medications, yet adjusted its profit forecast following a recent...
Read Full Article →Billionaire Lukas Walton names new CIO for his family office
Lukas Walton has appointed Noelle Laing as the new Chief Investment Officer of his family office, which oversees a significant $1.7 billion endowment dedicated to philanthropic eff...
Read Full Article →Trump rewrites crypto rules in first 100 days, industry celebrates '180 pivot' from Biden years
During his initial 100 days in office, President Trump's policy changes have significantly influenced cryptocurrency regulations, leading to positive reactions from the industry an...
Read Full Article →Tesla denies report that the EV maker is looking to replace Elon Musk
Tesla's leadership has publicly refuted claims regarding a potential leadership change, which could influence investor confidence and the company's stock performance amid ongoing s...
Read Full Article →CVS to boost access to Novo Nordisk's weight loss treatment Wegovy for patients on its drug plans
Starting July 1, Caremark will prioritize Wegovy on its formulary, improving accessibility for patients on its drug plans and potentially increasing the treatment's market presence...
Read Full Article →Auto giants ditch financial guidance as industry reels from Trump tariff chaos
Major automotive companies have suspended their financial forecasts due to uncertainty stemming from the recent imposition of a significant tariff on car imports into the United St...
Read Full Article →Bank of Japan holds rates steady for second straight meeting as Trump tariffs threaten exports
The central bank's decision to maintain interest rates reflects a cautious approach, acknowledging potential economic challenges posed by external factors such as tariffs on export...
Read Full Article →Microsoft passes its first test on U.S. tariffs with limited product exposure
Microsoft's Copilot AI assistant may enhance operational efficiency for businesses facing rising costs due to U.S. tariffs, according to CEO Satya Nadella, highlighting the company...
Read Full Article →Meta says China retailers are reducing digital ad spend
Chinese online retailers are decreasing their digital advertising expenditures on platforms like Facebook and Instagram, influenced by the economic implications of the current trad...
Read Full Article →White House moving 'as fast as possible' on India trade deal, Navarro says
Concerns are rising among investors and consumers regarding the timely implementation of bilateral trade agreements by the Trump administration, which could significantly impact U....
Read Full Article →Microsoft quiets critics, delivers the kind of quarter worthy of its post-earnings stock pop
Microsoft reported impressive quarterly earnings that surpassed analyst expectations, contributing to a positive response in its stock price following the announcement and bolsteri...
Read Full Article →Microsoft shares jump 9% on earnings and revenue beat, uplifting forecast
Microsoft's strong earnings report, driven by better-than-expected growth in its Azure cloud services, led to a significant increase in the company's stock value and an enhanced fi...
Read Full Article →Despite Starbucks' earnings miss, Jim Cramer says CEO Brian Niccol can carry out turnaround
Jim Cramer believes that CEO Brian Niccol has the potential to implement a successful turnaround for Starbucks, even after the company reported disappointing earnings.
Read Full Article →Yum Brands CEO says company is 'pretty insulated' from tariff woes
Yum Brands' CEO David Gibbs indicated that the company's financial performance remains stable, asserting that the recent tariffs imposed by the government have not adversely affect...
Read Full Article →Qualcomm tops estimates but gives light revenue forecast
Qualcomm reported a significant increase in chip sales, achieving $9.47 billion in quarterly revenue, although its projected revenue for the upcoming period fell short of analyst e...
Read Full Article →Meta shares rise on stronger-than-expected revenue for first quarter
Shares of Meta experienced an increase of up to 5% following the company's announcement of revenue figures that exceeded analysts' expectations for the first quarter of the year.
Read Full Article →Trump calls China the 'chief-ripper-offer' on trade, with no sign of direct talks
The ongoing trade tensions with China, as highlighted by Trump's comments, may lead to significant consequences for American consumers, potentially resulting in supply shortages an...
Read Full Article →Epic Systems expands EHR market share lead over Oracle Health
Epic Systems achieved a significant increase in its market share for electronic health records, reflecting strong competitive performance against Oracle Health, according to a rece...
Read Full Article →Healthy Returns: Here are the drugmakers with new U.S. investments as Trump’s pharma tariffs loom
Pharmaceutical companies are responding to potential tariff concerns by increasing their manufacturing investments in the U.S., indicating a strategic shift in their financial plan...
Read Full Article →Norwegian Cruise Line shares fall on potential softness
Norwegian Cruise Line's stock declined following missed earnings expectations and concerns about potential volatility in the market, which may impact the company's financial perfor...
Read Full Article →'Starter homes' cost at least $1 million in over 200 U.S. cities, Zillow data finds
Zillow data indicates that the prevalence of entry-level homes priced at $1 million in over 200 U.S. cities has significantly increased, nearly tripling since 2020, impacting housi...
Read Full Article →Ford CEO says Trump's tariff reprieve is helpful, but more changes needed
Ford's CEO emphasizes the importance of U.S. policies that incentivize exports and support domestic production to enhance the company's financial performance and competitiveness in...
Read Full Article →Trump says he'll blame Biden again for 2nd quarter GDP after blaming him for Q1 drop
Trump indicated he would attribute the second quarter GDP performance to Biden, while defending his tariffs that are thought to have contributed to stock market declines during his...
Read Full Article →Elon Musk bids farewell — sort of — to Trump Cabinet, claims DOGE saved $160 billion
Elon Musk discussed the financial impact of DOGE, asserting it preserved $160 billion, while addressing past tensions with the Trump administration over criticisms related to his a...
Read Full Article →Foreign shareholders traveling to Omaha for Berkshire Hathaway annual meeting face new puzzle
The annual Berkshire Hathaway meeting in Omaha is impacted by heightened political tensions and trade disputes, raising concerns for foreign investors regarding the implications fo...
Read Full Article →Trump-Bezos call sets stage for tense earnings report from Amazon
The upcoming earnings report from Amazon comes amid heightened scrutiny and potential impacts from political statements regarding tariff costs that could affect the company's finan...
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