Eli Lilly’s second-quarter earnings report has stunned investors and analysts alike with its impressive performance. The pharmaceutical company reported earnings and revenue that far exceeded expectations, prompting a significant increase in its full-year revenue outlook. This exceptional growth was largely driven by the soaring sales of its blockbuster diabetes drug, Mounjaro, and weight loss injection,
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In recent years, Disney’s media business has been a topic of concern among investors. With the rise of streaming services, traditional pay-TV facing challenges, and box office disappointments, the company’s theme parks and resorts have been the saving grace. However, the narrative seems to be shifting, as Disney’s combined streaming services, including Disney+, Hulu, and
Disney announced that it will be increasing the prices of its streaming services, including Disney+, Hulu, and ESPN+. The price hikes, starting mid-October, will see most plans going up by $1 to $2 per month. The most expensive plans for Hulu, particularly those with live TV, will cost $6 more per month. This move comes
Yum Brands recently reported a mixed quarter in which both Pizza Hut and KFC experienced declining same-store sales. Yum CEO David Gibbs attributed these challenges to the impact of the Middle East conflict and a more cost-conscious consumer base. These factors have created headwinds for the company, affecting its overall sales performance. Financial Performance Yum
Jeff Bezos, the founder of Amazon, has been making waves with his recent investments in artificial intelligence (AI). While his big-ticket purchases, such as a $165 million estate in Los Angeles and a $177 million property in Miami, have been grabbing headlines, it is his foray into AI through his family office, Bezos Expeditions, that
In a bold move, mobile betting giant DraftKings has announced plans to implement a gaming surcharge on winning bets in states with high sports betting tax rates. This decision comes as the company aims to increase profits and navigate the challenges posed by hefty tax rates in certain states. DraftKings CEO Jason Robins defended the
Delta Air Lines CEO Ed Bastian recently extended a token of appreciation to employees by offering them two free travel passes following the major disruptions caused by a botched CrowdStrike software update. The airline faced significant challenges in recovering from the disruptions, which led to the cancellation of more than 5,000 flights between July 19
After facing shortages in recent months, all doses of Eli Lilly’s popular weight loss injection Zepbound and diabetes drug Mounjaro are now fully available in the United States. The U.S. Food and Drug Administration recently updated its drug shortage database to reflect the increased availability of these medications, providing relief to patients who have been
Tadge Juechter, the man known as the “godfather” of the modern Corvette, recently retired from General Motors after an illustrious career spanning nearly five decades. Juechter’s journey with the iconic sports car began in 1985, when he conducted research to gauge the market for a high-performance model of the Corvette known as the ZR1. Fast
The Summer Olympics in Paris has been capturing the attention of millions of viewers, and one of the standout features of this year’s coverage has been the presence of Snoop Dogg. The hip-hop artist turned sports commentator has been making waves with his unique style and approach to the Games. His involvement has not only