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Eli Lilly hikes 2025 outlook, tops quarterly estimates as Mounjaro, Zepbound sales soar

Eli Lilly hikes 2025 outlook, tops quarterly estimates as Mounjaro, Zepbound sales soar

The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020. Mike Blake | Reuters Eli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs. The company raised its fiscal 2025 […]

Eli Lilly hikes 2025 outlook, tops quarterly estimates as Mounjaro, Zepbound sales soar Read More »

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff

Peloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 10% in premarket trading. The connected fitness company, known for its stationary bikes and treadmills, posted a net income of $21.6 million, compared with a loss of $30.5 million

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff Read More »

Eli Lilly’s obesity pill led to around 12% weight loss in closely watched late-stage trial, paving way for approval

Eli Lilly’s obesity pill led to around 12% weight loss in closely watched late-stage trial, paving way for approval

A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly on Thursday said the highest dose of its daily obesity pill helped patients lose around 12% of their body weight, or roughly 27 pounds, at 72 weeks in

Eli Lilly’s obesity pill led to around 12% weight loss in closely watched late-stage trial, paving way for approval Read More »

Tween accessories retailer Claire’s files for bankruptcy again as debt pile looms

Tween accessories retailer Claire’s files for bankruptcy again as debt pile looms

People walk by a Claire’s store on December 11, 2024 in San Rafael, California.  Justin Sullivan | Getty Images News | Getty Images Tween retailer Claire’s filed for bankruptcy protection for the second time in seven years on Wednesday in the hopes it can reorganize its business and stave off liquidation.  The mall-based boutique, long

Tween accessories retailer Claire’s files for bankruptcy again as debt pile looms Read More »

Candy giant Mars partners with biotech firm to gene-edit cocoa supply

Candy giant Mars partners with biotech firm to gene-edit cocoa supply

Packages of M&M’s milk chocolate candy are stacked at a Costco Wholesale store on July 12, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Candy maker Mars said Wednesday it’s partnered with biotech company Pairwise to speed up the development of more resilient cocoa using CRISPR-based gene editing technology.

Candy giant Mars partners with biotech firm to gene-edit cocoa supply Read More »

Sen. Warren asks FTC to consider blocking Dick’s-Foot Locker merger over antitrust concerns

Sen. Warren asks FTC to consider blocking Dick’s-Foot Locker merger over antitrust concerns

Foot Locker and Dick’s Sporting Good stores. Reuters Sen. Elizabeth Warren is calling on the FTC and DOJ to consider blocking Dick’s Sporting Goods’ proposed acquisition of Foot Locker, writing in a letter to the agencies that the merger could cut jobs, raise prices and reduce competition.  The missive, sent Tuesday evening, asks the agencies

Sen. Warren asks FTC to consider blocking Dick’s-Foot Locker merger over antitrust concerns Read More »

What the end of Energy Star could mean for commercial real estate

What the end of Energy Star could mean for commercial real estate

An Energy Star sign on a building. Lynne Gilbert | Moment Mobile | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors

What the end of Energy Star could mean for commercial real estate Read More »

ESPN inks five-year deal for WWE’s live premium events including WrestleMania, Royal Rumble

ESPN inks five-year deal for WWE’s live premium events including WrestleMania, Royal Rumble

Triple H looks on during WrestleMania 41 Saturday at Allegiant Stadium on April 19, 2025 in Las Vegas, Nevada. Georgiana Dallas | WWE | Getty Images The WWE is coming to ESPN. The Disney-controlled sports and entertainment business will pay an average of $325 million per year for five years of rights to the WWE’s

ESPN inks five-year deal for WWE’s live premium events including WrestleMania, Royal Rumble Read More »

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