Eli Lilly says supply of blockbuster diabetes drug Mounjaro has improved in U.S.
The remarks suggest that Eli Lilly's initial efforts to expand manufacturing capacity for Mounjaro are paying off as demand for the diabetes treatment soars.
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Novo Nordisk says 80% of insured U.S. patients taking Wegovy pay less than $25 a month
The remarks come as U.S. health insurers balk at the extreme cost of Wegovy and other obesity drugs and drop them from their plans.
Shopify shares surge 22% on earnings beat, rosy guidance
The Canadian e-commerce company beat on the top and bottom lines for the third quarter and gave upbeat guidance for the remainder of the year.
Eli Lilly results top estimates on Mounjaro strength but slashes full-year profit outlook
Eli Lilly reported revenue and adjusted earnings that topped expectations, lifted by $1.4 billion in sales from its blockbuster diabetes drug Mounjaro.
Starbucks stock rises 10% as U.S. customers buy into pricier drinks
The company's same-store sales rose 8%, fueled by higher average checks and a 3% increase in customer traffic to its cafes.
Moderna stock falls as sinking Covid vaccine demand drives steep loss
Moderna's total revenue for the third quarter still topped Wall Street's expectations despite plummeting demand for its Covid-19 shot.
Nissan CEO weighs in on how the EV market has changed since Covid
Nissan chief Makoto Uchida said it's important for EV makers to tailor their approach to specific markets.
Elon Musk says SpaceX's Starlink business ‘achieved breakeven cash flow’
SpaceX CEO Elon Musk announced Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow."
Why Jimmy Choo, Michael Kors, Versace, Kate Spade are suddenly one company
Rising rates, sticky inflation and the prospect of slowing consumer spending have sparked a flurry of deals in the fashion industry.
Hunter Biden decries GOP lawmakers, media for 'weaponization of my addiction' amid probes, criminal charges
Hunter Biden, son of President Joe Biden, decried the "weaponization" of his history of drug abuse to attack his father and launch "fruitless" investigations.
Biden's AI order didn't go far enough to address fairness, but it's a good first step, advocates say
After the Biden administration unveiled its new AI executive order on Monday, a frenzy of industry leaders dug in to the implications of the landmark action.
Labor costs show surprise decline in the third quarter
Unit labor costs, a measure of hourly compensation against productivity, fell 0.8% for the July-through-September period.
Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state
In addition to a financial settlement, Uber and Lyft agreed to ongoing changes in how they pay drivers and offer benefits in New York state
Weight-loss drug Wegovy could get expanded FDA approval within six months, Novo Nordisk says
Novo Nordisk said its blockbuster weight-loss drug Wegovy could receive expanded approval from the U.S. Food and Drug Administration within six months.
Delta lays off some corporate workers to cut costs
Delta Air Lines is cutting some corporate jobs in an effort to reduce costs as the industry grapples with higher expenses such as for fuel and labor.
LinkedIn passes 1 billion members and launches new AI chatbot to help you get a job
On Wednesday, LinkedIn said it surpassed 1 billion members and debuted an AI chatbot billed as a "job seeker coach."
Sam Bankman-Fried lawyer says government portrayed FTX founder as a 'monster'
Closing arguments kicked off on Wednesday in Sam Bankman-Fried's criminal fraud trial, with prosecutors walking the jury through four weeks of evidence
Vote to expel GOP Rep. George Santos fails in House
Rep. George Santos, R-N.Y., has pleaded not guilty to a raft of federal fraud and theft charges.
Qualcomm gives strong forecast, signaling chip slump recovery
At the midpoint of Qualcomm's guidance, revenue will grow slightly during the current quarter compared to last year.
In trial testimony, Donald Trump Jr. says he doesn't remember working on financial statements
Former President Donald Trump, Don Jr., Eric Trump and Ivanka Trump are all expected to testify in New York Attorney General Letitia James' fraud trial.
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