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Bloomberg

Europe Is Worried About US Unpredictability Says Smith

Aspen Security Forum brings together senior U.S. and foreign government officials, military leaders, intelligence chiefs, business executives, and leading academics for one of the world's premier gatherings on national security and foreign policy. Former US Ambassador to NATO Julianne "Julie" Smith spoke to David Gura on the sidelines of Aspen Security Forum in Colorado to discuss the progress made in Ukraine as well as how the Europe feels about the US after the NATO Summit.

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Bloomberg

Abbott Boosts 2026 Profit Guidance as Sales Across Business Rise

Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, joined Bloomberg's Paul Sweeney and Scarlet Fu to breakdown Abbot Laboratories stronger-than-expected second quarter driven by improved performance across most of its business lines.  Abbott Laboratories raised its 2026 profit guidance after a stronger-than-expected second quarter driven by improved performance across most of its business lines. The company now expects adjusted earnings to fall between $5.45 to $5.60 a share this year, a 5-cent improvement at the midpoint, it said in a statement Thursday. Profit and sales in the second quarter both surpassed Wall Street estimates. Shares rose 2.7% in early trading in New York.  Abbott's device and diabetes businesses modestly beat Wall Street estimates. Its FreeStyle Libre 3 glucose sensors were linked late last year to more than 700 injuries and seven deaths after they were found to be providing incorrect readings.

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Bloomberg

Lilly to Buy Psychedelic Firm AtaiBeckley for Up to $3.8 Billion

Sam Fazeli, Bloomberg Intelligence, Director of Research: Healthcare, Defence, Industrials & Autos, joined Bloomberg's Paul Sweeney and Scarlet Fu to dissect the latest in biotech sector, specifically Lilly going psychedelic and Merck attacking cholesterol. Eli Lilly & Co. agreed to buy AtaiBeckley Inc. for as much as $3.8 billion, underscoring growing interest from large drugmakers in the once-fringe area of psychedelic medicine.  Lilly will pay $6.75 a share in cash plus as much as another $2.50 a share if drug-development milestones are met, according to a statement Thursday. The base price is 26% above where AtaiBeckley shares closed Wednesday. The announcement confirms a report by Bloomberg News that the companies were nearing a deal.

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