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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

Business News

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

Business News

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

Business News

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 »

Lyft misses quarterly revenue estimates on competition, weak US travel demand

Lyft misses quarterly revenue estimates on competition, weak US travel demand

Finance News

An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights,” in Los Angeles on Aug. 20, 2020. Mike Blake | Reuters Lyft missed second-quarter revenue estimates on

Lyft misses quarterly revenue estimates on competition, weak US travel demand Read More »

Airbnb beats on top and bottom lines for second quarter

Airbnb beats on top and bottom lines for second quarter

Technology News

Airbnb reported second-quarter results on Wednesday that beat analysts’ expectations. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Earnings per share: $1.03 vs. 93 cents expected Revenue: $3.10 billion vs. $3.04 billion expected Revenue increased 13% from $2.75 billion during the same period last year. The company reported net income of

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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

Business News

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 »

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

Business News

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

Business News

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 »

Uber beats on revenue, announces billion stock buyback

Uber beats on revenue, announces $20 billion stock buyback

Finance News

Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per

Uber beats on revenue, announces $20 billion stock buyback Read More »

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