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Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.

Business - CNBC - 23 hours ago

Biogen tops estimates, raises profit guidance as Alzheimer's drug Leqembi gains traction

Leqembi, along with rare disease and depression treatments, helped offset a year-over-year decline in revenue for the company's multiple sclerosis products.

Business - CNBC - Yesterday

10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown

Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...

Business - MarketWatch - 23 hours ago

Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix

World - Financial Times - 13 hours ago

Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’

World - Financial Times - 14 hours ago

UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - 14 hours ago

Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts

World - Financial Times - 11 hours ago

FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result

World - Financial Times - 8 hours ago

Making sense of sentiment

And Trump equity trades

World - Financial Times - 12 hours ago

Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory

World - Financial Times - 11 hours ago

Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall

The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.

Business - CNBC - 2 hours ago

Bristol Myers Squibb tops earnings estimates and hikes outlook, helped by Eliquis and new drugs

The pharmaceutical giant also raised its full-year revenue forecast to an increase of roughly 5%.

Business - CNBC - 1 hour ago

WPP Returns to Growth, Beating Expectations

WPP reported a surprise rise in organic revenue for the third quarter, returning to growth after declines in previous quarters, as it benefited from higher spending among its bigger clients and a ...

Business - The Wall Street Journal - October 23

Bloomsbury to beat expectations on ‘romantasy’ boom

Publisher reports best-ever first half as sales of authors such as Sarah J Maas and JK Rowling continue to soar

Business - Financial Times - October 24

PayPal shares fall on revenue miss, soft guidance

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.

Business - CNBC - 2 days ago

Airbus Revenue, Earnings Beat Forecasts

Airbus posted earnings and revenue above analysts’ expectations, highlighting diverging fortunes with Boeing a week after the beleaguered company reported a multibillion-dollar loss.

Business - The Wall Street Journal - Yesterday

The Family That Went Against the Grain---and Built a Billion-Dollar Company

It was a side hustle. Now it’s a tortilla empire. Siete Foods did it in seven steps.

Business - The Wall Street Journal - October 11

TPG and Blackstone team up to bid for eyecare group Bausch + Lomb

Deal could be among year’s largest private equity buyouts as contact-lens maker looks to split from indebted parent

Business - Financial Times - October 14

Google signs deal with nuclear company as data center power demand surges

Google is the latest tech company to turn to nuclear energy as power demand from data centers surges.

Business - CNBC - October 15

Here's how to delete your 23andMe data, as company flounders

Here's how to delete your data as company shake-up leaves customers wondering what will happen to their DNA info.

Boba tea company apologises over Canada Dragons' Den row

Marvel actor Simu Liu accused Canadian entrepreneurs of culturally appropriating the Taiwanese drink.

SAG-AFTRA, video game companies resuming negotiations as actors' strike continues

SAG-AFTRA and the video game companies are resuming contract negotiations for the first time since video game actors went on strike.

Entertainment - Los Angeles Times - October 15

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