cnbc_topnews

Eli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge

📰 source: cnbc_topnews · 💼 business

eli lilly crushed wall street's second-quarter expectations on wednesday, posting adjusted earnings of $8.38 per share on revenue of $22.97 billion, versus the $6.01 and $20.73 billion analysts had predicted. the company raised its full-year revenue outlook to $85-87 billion and adjusted profit to $35.50-36.50 per share, though that includes $3.03 in deal charges. shares rose over 5% in premarket trading.

mounjaro worldwide revenue jumped 91% to $9.94 billion, with international sales up 172%. zepbound brought in $4.93 billion in u.s. revenue, up 44%. the new oral pill foundayo pulled in $98 million. lilly is on a spending spree, buying a psychedelics drugmaker in july and three vaccine makers in may.

revenue outside the u.s. soared 80% to $8.6 billion, lifted by volume growth. ceo dave ricks expects global glp-1 use to rise from 20 million patients to 30 million by end of 2026. medicare's new obesity drug coverage, which began in july, should help both lilly and novo nordisk in the second half.

why it matters: lilly's blockbuster glp-1 sales beat shows obesity drug demand is still exploding, pressuring competitors and suppliers.

source: cnbc_topnews
sentiment: +0.70 · impact: 0.80

'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

📰 source: bbc_business · 💼 business bank worker yongjoon kim lost 20 million won ($14,000) on seoul's kospi last month, money meant for his wedding home. his tech investments fell about 25% in july. the index more than doubled to 9,000 points by mid-june before plunging to 5,

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Workday shares post best day in 10 years on Silver Lake takeover report

📰 source: cnbc_topnews · 💼 business workday shares posted their best day in ten years after a report said silver lake is exploring a takeover. the enterprise software company's stock jumped on the news. investors had been worried that ai could disrupt workday's core human capital and financial

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole