3 years 2 months ago
Eli Lilly's stock has been on a tear, driven by positive trial results for its Alzheimer's drug and progress with its promising obesity drug pipeline.
3 years 2 months ago
SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.
3 years 2 months ago
Paramount Global has agreed to sell Simon & Schuster to private equity giant KKR for $1.62 billion, the company said as it reported quarterly earnings.
3 years 2 months ago
Palantir executives say revenue growth will accelerate in the third quarter, reversing a trend from the last several years.
3 years 2 months ago
Space infrastructure company Redwire reported second-quarter results Monday, as it nearly erased its net losses.
3 years 2 months ago
Lucid's second-quarter revenue fell short of expectations, but a recent cash raise extended the EV maker's runway into 2025.
3 years 2 months ago
EVgo's second-quarter results beat Wall Street estimates, as revenue from deals to provide chargers to other businesses surged.
3 years 2 months ago
Qualcomm is exposed to the slumping smartphone industry because it makes the processors at the heart of most high-end Android devices.
3 years 2 months ago
CVS is cutting costs as it pushes deeper into health-care services after its acquisitions of Signify Health and Oak Street Health.
3 years 2 months ago
The results ease investor concerns after Humana and rival UnitedHealth Group warned of a surge in demand for nonurgent surgeries and outpatient services.
3 years 2 months ago
Yum Brands restaurant KFC's same-store sales climbed 13%, fueled by demand in China, its largest market.
3 years 2 months ago
Sales in the company's second quarter jumped 6% year-over-year, while expenses grew 11%.
3 years 2 months ago
Starbucks stock has risen just 1.5% this year, giving the company a market value of $115 billion.
3 years 2 months ago
AMD reported an 18% decline in year-over-year revenue in the second quarter and issued a sales forecast that trailed analysts' estimates.
3 years 2 months ago
Virgin Galactic flew two spaceflights during the second quarter: Its final test spaceflight and its first commercial spaceflight.
3 years 2 months ago
JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter.
3 years 2 months ago
Pfizer is in a transition period as it pivots away from its blockbuster Covid vaccine and drug Paxlovid while the world emerges from the pandemic.
3 years 2 months ago
Shares of Merck are down roughly 4% this year, with a market value of roughly $270 billion, making it the third largest pharmaceutical company based in the U.S.
3 years 2 months ago
Shares of Uber fell more than 5% on Tuesday after the company reported second-quarter results that missed analysts' expectations for revenue but offered rosy guidance.
3 years 2 months ago
Oil majors have failed to match the bumper profits posted during the same period of last year amid weaker commodity prices.
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