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Investing.com26d agoneutral
Novo Nordisk sues Eli Lilly in high-stakes GLP-1 advertising feud

Investing.com -- The clash between pharma titans Novo Nordisk and Eli Lilly just escalated from the pharmacy counter to the courtroom. Novo Nordisk Inc. filed a lawsuit in the U.S. District Court for the District of New Jersey against Eli Lilly and Company and Lilly USA, LLC, alleging multiple violations of federal and state false advertising and unfair competition laws under the Lanham Act. The lawsuit takes aim at Lilly’s aggressive direct-to-consumer (DTC) advertising campaigns for its blockb

CSX or GE Vernova? Wall Street Has Already Picked Its Earnings Winner
24/7 Wall St.26d agoneutral
CSX or GE Vernova? Wall Street Has Already Picked Its Earnings Winner

Two industrial giants report Q2 results on the same day, and analysts are anything but neutral between them. Before you decide which earnings announcement to watch on July 22, you need to see how these two stack up across every dimension Wall Street actually measures.

Weight-Loss Wars Latest: Novo Nordisk Sues Eli Lilly
The Wall Street Journal26d agoneutral
Weight-Loss Wars Latest: Novo Nordisk Sues Eli Lilly

Ozempic maker Novo Nordisk has filed a lawsuit against Eli Lilly, arguing it uses deceptive advertising to mislead consumers. The complaint accuses Eli Lilly of using outdated studies to promote its branded GLP-1 drugs, Mounjaro and Zepbound, as helping consumers lose significantly more weight on average than Novo Nordisk’s Ozempic and Wegovy.

Investing.com26d agobullish
Northrop Grumman beats Q2 estimates, raises guidance

Investing.com -- Northrop Grumman Corporation (NYSE: NOC) reported second-quarter earnings on Tuesday ahead of the open, topping analyst expectations, with the company also raising its full-year guidance.

Advanced chipmaking tool arrives at New York state innovation hub
Reuters26d agoneutral
Advanced chipmaking tool arrives at New York state innovation hub

The first components of an ASML next-generation chipmaking tool arrived ‌at New York state's Albany NanoTech Complex on ‌Tuesday, the governor's office said. The NanoTech complex will use the tool to conduct ​research and development on future forms of chip design and manufacturing. The NanoTech facility is the only one of its kind in North America, according to NY Creates Director Dave Anderson, and ‌is similar in ⁠scope and focus to Europe's Imec, which operates in Belgium.

If You Invested $2K in the SpaceX IPO, How Much Do You Have Now?
SmartAsset26d agoneutral
If You Invested $2K in the SpaceX IPO, How Much Do You Have Now?

SpaceX’s IPO was the biggest in history, raising $75 billion at $135 a share.1 The offering sparked much excitement, with retail investors keen on buying into one of the world’s most closely watched companies. If you had invested $2,000 at the $135 IPO price, here’s how much your investment would be worth today, and why […] The post If You Invested $2K in the SpaceX IPO, How Much Do You Have Now? appeared first on SmartReads by SmartAsset.

Bloomberg26d agoneutral
Economic Momentum Flips From Blessing to Curse for S&P 500 Bulls

(Bloomberg) -- Strong economic momentum is a double-edged sword for US equity traders. Solid growth is an earnings tailwind. But let it run too hot, and it turns from blessing to curse.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawMoonshot’s Kimi K3 May Be More About Memory Than ComputeUS Strikes Iran in Escalating Campaign After Troops K

💬 Money Quote: Jamie Dimon
The Wall Street Journal26d agoneutral
💬 Money Quote: Jamie Dimon

📣 “When I look at AI itself, the amount of money being spent is huge. Will it in total pay off? Probably, just like the internet did. Will it pay off the way you expect on the timetable you expect? Definitely not.

Bloomberg26d agobullish
Wall Street Talks Up Carry Trade as Returns Soar Most in Decades

(Bloomberg) -- One of the most enduring foreign-exchange bets is off to its best run in decades as surprisingly muted volatility across asset classes has investors piling into carry trades.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawMoonshot’s Kimi K3 May Be More About Memory Than ComputeUS Strikes Iran in Escalating Campaign After Troo

Bloomberg26d agoneutral
Novo Nordisk Sues Eli Lilly Over Zepbound and Mounjaro Ads

(Bloomberg) -- Novo Nordisk A/S is suing Eli Lilly & Co. in US federal court, claiming that Lilly’s advertising for its blockbuster obesity shot Zepbound and diabetes injection Mounjaro is misleading as competition between the two drugmakers escalates.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawMoonshot’s Kimi K3 May Be More About Memor

Bloomberg26d agobullish
Schwab Beats Estimates as Retail Investors Pile Into the Market

(Bloomberg) -- Charles Schwab Corp. reported earnings that topped estimates as retail investors continued to jump in and out of the market amid volatility sparked by geopolitical uncertainty.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawMoonshot’s Kimi K3 May Be More About Memory Than ComputeUS Strikes Iran in Escalating Campaign After Tr