An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly said on Monday it sued three medical spas and online vendors for selling products claiming to contain tirzepatide, the main ingredient in its popular weight-loss medicine Zepbound, including in the form of dissolvable tablets.The new lawsuits, which name Pivotal Peptides, MangoRx and Genesis Lifestyle Medicine of Nevada, are the first related to copycat tirzepatide filed since the U.S. Food and Drug Administration took the drug off its list of medicines in short supply earlier this month.Lilly said these lawsuits were not in any way contingent on tirzepatide coming off of…
Author: usaeverydaylife
Apple shares just hit a new all-time high last week, but some mounting concerns could weigh on the stock leading up to and after its earnings report later this month. I’ll describe a way to hedge an Apple position. Apple (AAPL) is the largest publicly traded company in the world. The company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, accessories, and related services. The largest source of revenue is the iPhone, and the company released its iPhone 16 last month. Other Apple products include Mac computers and iPad tablets, Apple Music, the Apple Watch, and other wearable devices.…
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021.Andrew Kelly | ReutersDETROIT — Investors misinterpreted a public offering on Wednesday by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years, CEO Peter Rawlinson told CNBC.Rawlinson said the raise, which included a public offering of nearly 262.5 million shares of its common stock, was a timely, strategic business…
After the Patriots lost their sixth in a row, first-year coach Jerod Mayo called his team soft.After the boos rained down on Saquon Barkley in his return to MetLife Stadium — one sign even read “TRAITOR” — the Eagles’ star running back torched his old team.And after another tumultuous week in the unending soap opera that is the New York Jets, the end result — a 37-15 loss to the Steelers on Sunday night — looked and felt familiar. At 2-5, this team can’t get out of its own way, and the season feels lost before the calendar flips to…
Check out the companies making headlines after the bell . Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years. Zions Bancorporation — The regional bank stock rose 3% on stronger-than-expected third-quarter results. Zions reported earnings of $1.37 per share on $792 million in revenue, ahead of the earnings of $1.17 per share and $779 million in revenue expected by analysts polled by LSEG. Net income also came in ahead of…
Time is running out for a set of money-saving provisions in the tax code, and now is a good time to get your portfolio in order and minimize levies, according to Bank of America. The Tax Cuts and Jobs Act (TCJA), which took effect in the beginning of 2018, overhauled the federal tax code. It roughly doubled the standard deduction, adjusted individual income tax brackets , lowered most of the rates and applied a $10,000 cap on the state and local tax deduction. Unless Congress acts, a slate of provisions in the legislation will sunset at the end of 2025,…
Jonquel Jones #35 of the New York Liberty celebrates with the 2024 WNBA Finals MVP trophy after defeating the Minnesota Lynx during Game Five of the 2024 WNBA Finals on October 20, 2024 in Brooklyn, New York. David L. Nemec | National Basketball Association | Getty ImagesThe WNBA players union has decided to opt out of the current collective bargaining agreement, two years before its expiration. The league and players union had the option to do so before Nov. 1.The early opt-out marks a crucial juncture for the league. The WNBA signed a historic 11-year media rights deal worth $200 million a year.The league…
Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday.Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, the group found.The Republican nominee’s proposals would also expand Social Security’s cash shortfall by trillions of dollars and lead to even steeper benefit cuts in the coming years, said US Budget Watch 2024, a project of the Committee for a Responsible Federal Budget.”We find President Trump’s…
The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. With just a little over two weeks until the election, the race appears to be locked in a “dead heat” between former President Donald Trump and Vice President Kamala Harris, according to the latest national NBC News poll. Trump has recently seen a comeback in the polls, in addition to some recent signs equity markets are pricing in his victory , and possibly even a Republican sweep. Meanwhile, Harris’ popularity has waned somewhat from its…
Wall Street has continued to rattle off some new record highs in October, but the absence of one major index from the list is starting to become glaring, according to Raymond James. Quantitative and technical strategist Javed Mirza pointed out in a note to clients that the Nasdaq 100 has not set a record high since July. The relative struggle of that tech-heavy index is possibly a sign that the broader bull market is on the verge of entering into a new phase — and getting close to a peak, according to Mirza. “The Nasdaq 100 is a good proxy…
