Eli Lilly shares jump on compelling next-gen weight-loss data
Shares of Eli Lilly (NYSE:LLY) rose 4% on Monday after the company unveiled highly anticipated clinical data for its next-generation obesity treatment, retatrutide.
Shares of Eli Lilly (NYSE:LLY) rose 4% on Monday after the company unveiled highly anticipated clinical data for its next-generation obesity treatment, retatrutide.
Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep powering Corporate America. Chris Harvey, Head of Equity & Portfolio Strategy at CIBC Capital Markets, discusses signs of a potential market melt-up.
Former US Defense Secretary Lloyd Austin talks about the war in Iran, a possible peace deal, the importance of NATO and how a battle over Taiwan between the US and China could impact the global economy. He speaks to Bloomberg's London Bureau Chief Ruth David at the HSBC Gulf Cooperation Council Exchanges Conference in London.
Despite worries in other regions of the world, United Airlines CEO Scott Kirby says airline demand and capacity in the US remains strong, and consumers remain resilient despite some fare increases driven by the spike in oil prices caused by the conflict in Iran. Kirby spoke to Lisa Abramowicz at IATA in Rio de Janeiro on June 7, 2026.
In an interview at the IATA annual meeting in Rio de Janeiro, GE Aerospace CEO Larry Culp remained optimistic that GE could secure more aircraft-engine orders from China following a meeting between President Donald Trump and his Chinese counterpart Xi Jinping in Beijing the previous month, after which their manufacturing partner, Boeing Co. secured an initial batch of commitments.
Alphabet's Google (NASDAQ:GOOGL) has placed an order with Intel (NASDAQ:INTC) to manufacture more than 3 million of its custom artificial intelligence processors in 2028, according to a report from The Information cited by Reuters.
Expectations are running high for Apple's Worldwide Developers Conference, where the company is expected later Monday to unveil the biggest overhaul of Siri in years, including a chatbot-style interface and deeper integration across the iPhone, iPad and Mac. Bloomberg Tech co-Host Ed Ludlow discusses his expectations for the conference and how developments in Siri could impact the rest of the AI space. He also addresses investor expectations for the upcoming SpaceX IPO.
On this episode of Stock Movers with Alexis Christoforous: - Shares of The Campbell's Company (CPB) edged higher ahead of the US market open after the canned soup maker reported adjusted earnings per share for the third quarter that beat the average analyst estimate. - Eli Lilly (LLY) shares gained in the early session following obesity drug presentations at the American Diabetes Association conference. Citi analysts say their conviction on Lilly is firmly intact, given the company's incretin portfolio is "not built around singular blockbusters." - Shares of Marvell Technology (MRVL) and Flex (FLEX) are rising in premarket trading as the companies are set to replace Pool Corp. and Campbell's in S&P 500 before the market open on June 22, S&P Dow Jones Indices says in emailed statement.
International Airlines Group (IAG) CEO Luis Gallego speaks to Bloomberg at the International Air Transport Association (IATA) conference on the growing consumer market in Asia and consolidation in Europe.
Air New Zealand CEO Nikhil Ravishankar says the airline will cut some flights due to rising fuel costs. The national carrier has raised prices and cut costs as New Zealanders defer non-essential spending, including travel. He speaks to Bloomberg's Guy Johnson at the IATA annual general meeting in Rio de Janeiro.
Embraer CEO of Commercial Aviation Arjan Meijer speaks to Bloomberg at the International Air Transport Association (IATA) conference on rising costs, continued demand and tariffs impact within aviation.
Etihad Airways CEO Antonoaldo Neves speaks to Bloomberg's Guy Johnson at the International Air Transport Association (IATA) conference in Rio de Janeiro. He says the carrier is discounting tickets by keeping fares at a stable level despite the 70% jump in fuel costs. Neves also talks about securing delivery dates for new aircraft from Boeing and Airbus SE.