CNN — Starter doses of the weight-loss drug Zepbound are now available in single-dose vials, drug manufacturer Eli Lilly announced Tuesday, a move the company says will “significantly” expand supply as it sees continued high demand. Instead of a preloaded injector pen, patients will use a syringe to draw out the medicine. Tirzepatide, the active ingredient … Read more
(Bloomberg) — Super Micro Computer Inc. shares fell on Tuesday after Hindenburg Research said it’s short the maker of server equipment, which became a tech-market darling as a major beneficiary of the boom in artificial intelligence. Most Read from Bloomberg The stock fell as much as 8.7% after Hindenburg Research’s report, though it pared much … Read more
The Department of Justice has announced it is suing a Texas software company for designing a program that helps landlords keep rent prices allegedly higher than they otherwise would. RealPage Inc., which sells and collects real estate data, used private information from landlords to train the company’s algorithm to set pricing recommendations, maximizing the amount … Read more
Check out whats clicking on FoxBusiness.com. Former Peloton chief executive John Foley says his fortune has dried up, two years after his departure from the high-end fitness company he co-founded. “Oh I’m an open book,” the former billionaire told The New York Post in an interview. “You know, at one point I had a lot … Read more
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s (NVDA) upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s … Read more
Check out the companies making headlines in midday trading: Paramount Global — The media conglomerate’s stock dropped more than 5% after Edgar Bronfman Jr. abandoned his pursuit of a takeover, clearing the way for Skydance to follow through on its roughly $8 billion acquisition deal reached in July. The Skydance deal, expected to close in … Read more
Americans are growing wary of the job market amid continued signs labor demand is cooling, according to new data released from the Conference Board on Tuesday. Overall, the latest consumer confidence index reading from the Conference Board showed an uptick in confidence this month, to 103.3 from 101.9 in July, though Conference Board chief economist … Read more
Consumer confidence rose more than expected in August despite consumers assessment of the labor market continuing to weaken. The latest index reading from the Conference Board was 103.3, above the 101.9 seen in July and higher than the 100.7 economists surveyed by Bloomberg had expected. “Overall consumer confidence rose in August but remained within the … Read more
Oil production at several Libyan oilfields was halted on Tuesday after the rival government in the east announced on Monday a stop to all oil production and exports from OPEC’s African producer. Crude oil output at the El Feel oilfield in southwestern Libya has stopped, engineers told Reuters on Tuesday. Engineers at several other oilfields … Read more
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. It still makes a lot of sense to own momentum stock darling Nvidia (NVDA). “If you don’t own Nvidia, you are literally missing out on a revolution,” Ross Gerber, co-founder of Gerber Kawasaki Wealth and Investment Management, told … Read more