The pharmaceutical giant Eli Lilly has seen a surge in demand for its weight loss and diabetes treatments, particularly its diabetes injection Mounjaro and obesity drug Zepbound. This increase in demand has led to challenges in manufacturing enough supply to meet the needs of patients. Eli Lilly, along with rival Novo Nordisk, has faced nationwide
Revenue
Disney and Pixar just had a major win at the box office with the debut of “Inside Out 2,” raking in an impressive $155 million domestically. This marks the second-highest theatrical opening for an animated film, proving that the magic of these two studios is far from fading. Despite challenges faced during the pandemic, this
Investors are always on the lookout for opportunities to protect their portfolios from market volatility and enhance returns. One way to achieve this is by investing in dividend-paying stocks. These stocks not only offer a regular income stream through dividends but also have the potential for long-term growth. One of the top dividend picks recommended
Adobe’s shares experienced a significant surge of 15% on Friday, marking the biggest gain since March 2020. This surge came after the software maker reported earnings and revenue that exceeded analysts’ estimates. CEO Shantanu Narayen attributed Adobe’s record revenue to its strong growth across Creative Cloud, Document Cloud, and Experience Cloud. Additionally, he highlighted the
As Congress engages in a crucial discussion regarding the impending decision on trillions in expiring tax breaks, the spotlight has been on several Democratic proposals aimed at increasing taxes on corporations and wealthy Americans. Advocates of these plans argue that they are necessary to address income inequality and the federal budget deficit. Among the topics
In recent years, the fintech industry has undergone a significant transformation, with many industry insiders and investors suggesting that the sector has hit a “bottom.” Valuations have corrected from unsustainable highs seen during the industry’s peak in 2020 and 2021. This shift has led to a more rational market environment, moving away from the days
Broadcom recently released its earnings for the second fiscal quarter, surpassing analysts’ estimates. Moreover, the company announced a 10-for-1 stock split set to commence trading on a split-adjusted basis on July 15. This news caused the stock to surge by approximately 10% in after-hours trading. The quarter that ended in May showcased Broadcom’s financial strength.
Larry Ellison, the Chairman of Oracle, witnessed a significant increase in his wealth by nearly $19 billion after the company forecast double-digit revenue growth for the fiscal year. This positive outlook led to a sharp rally in the stock, marking its best performance since 2021. Ellison’s substantial fortune is largely attributed to his ownership of
The U.S. Treasury Department and Internal Revenue Service have recently announced that more than $1 billion in tax credits is being provided as an upfront cash incentive to buyers of electric vehicles. This initiative was established through the Inflation Reduction Act, which allows for tax credits worth up to $7,500 for new EVs and $4,000
Oracle’s recent announcement of cloud deals with Google and OpenAI caused their shares to soar by 9% in extended trading. Despite falling short of Wall Street expectations for the fourth quarter, the company reported an increase in revenue of 3% year over year, reaching $14.29 billion. While earnings per share were adjusted to $1.63, slightly