Eli Lilly wins U.K. approval, challenging Wegovy weight-loss pill
Eli Lilly has won its first approval to sell its weight-loss drug Foundayo outside the…
Eli Lilly wins U.K. approval, challenging Wegovy weight-loss pill
Eli Lilly has won its first approval to sell its weight-loss drug Foundayo outside the U.S., allowing it to compete with rival Novo Nordisk’s Wegovy pill in the U.K. It marks only the second GLP-1 weight-loss pill in the European market and comes just two months after Novo launched its Wegovy pill there. The U.K.’s…
Treasury yields up as oil prices jump, investors await inflation data
Treasury yields moved higher on Tuesday as tensions in the Middle East continue to weigh on energy prices and investors look ahead to inflation data due later in the week. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — increased 3 basis points to…
OpenAI wraps $7 billion share sale ahead of potential IPO
OpenAI CEO Sam Altman walks between meetings on Capitol Hill, in Washington, U.S., July 29, 2026. Nathan Howard | Reuters OpenAI completed a secondary share sale totaling roughly $7 billion, allowing current and former employees to sell stock at the company’s $852 billion valuation, CNBC confirmed on Monday. The tender offer has been in the…
U.S. judge ends graft case against Indian billionaire Gautam Adani
Gautam Adani, chair of Indian conglomerate Adani Group, addresses a gathering during the Vibrant Gujarat Global Summit 2024 in Gandhinagar, Gujarat, India, on Jan. 10, 2024. Punit Paranjpe | AFP | Getty Images A US judge on Monday dismissed the bribery case against Indian billionaire Gautam Adani, while also rebuking a senior Department of Justice…
Oil price outlook as U.S.-Iran standoff drags on
A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman, on June 21, 2026, as they prepare to transit through the critical Strait of Hormuz. Shady Alassar | Anadolu | Getty Images Oil prices remain below their recent peaks even as prospects…
Meta’s latest model advances Zuckerberg’s vision for personal AI assistants
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are off to a mixed start to the week. The S & P 500 traded higher for most of the early afternoon, but the bulls…
Singapore revises its annual growth forecast sharply higher on AI-related boost
SINGAPORE, SINGAPORE – MAY 31: A view of Marina Bay Sands in Singapore on May 31, 2026. (Photo by Mustafa Hatipoglu/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Singapore on Tuesday sharply lifted its annual economic growth forecast, citing a stronger-than-expected performance in the first half and boost from AI-related sectors and exports….
Trump claims ‘100% control’ of Hormuz, demands Iran pay reparations
US President Donald Trump speaks before signing an executive order calling for more research and flexibility on vaccines, in the Oval Office of the White House in Washington, DC, on August 10, 2026. Jim Watson | Afp | Getty Images President Donald Trump said Monday the U.S. Navy had swept the Strait of Hormuz clear…
Boeing sells eVTOL subsidiaries, takes stake in Archer
In a move to increase its focus on core operations, Boeing is selling three of its subsidiaries to Archer Aviation in exchange for a stake in the startup that focuses on electric vertical take-off and landing aircraft, known as eVTOLs for short. Boeing’s stake in Archer will amount to 19.75% of Class A shares of…
CrowdStrike, Palo Alto hit records after Black Hat cyber conference
Jonathan Raa | Nurphoto | Getty Images Cybersecurity stocks CrowdStrike and Palo Alto Networks jumped more than 5% to new highs on Monday on renewed demand for artificial intelligence security tools following the industry’s annual Black Hat conference in Las Vegas. “The single most consistent theme across our conversations — partners, vendors, and customers alike…
