A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year outlook, as the company continued to see strong demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro.Here’s what Eli Lilly reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $7.02 adjusted vs. $5.69 expectedRevenue: $17.60 billion vs. $16.01 billion expectedThe results come as Eli Lilly works to…
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Merck on Thursday reported third-quarter earnings and revenue that topped estimates as it saw strong demand for its cancer immunotherapy Keytruda. The drugmaker also narrowed its full-year profit outlook to reflect lower estimated tariff costs, among other factors.Sales of Keytruda topped $8 billion for the first time in a quarter, rising 10% from the same period a year ago. Revenue from the drug of $8.14 billion came in just slightly under the $8.24 billion analysts were expecting, according to StreetAccount estimates. The results come as Merck slashes $3 billion in costs by the end of 2027, and prepares to offset revenue…
U.S. President Donald Trump speaks to members of the media aboard Air Force One on October 30, 2025 in flight.Andrew Harnik | Getty Images News | Getty ImagesShares of U.S.-listed rare earth miners rallied on Thursday after China agreed to delay the introduction of further export controls as part of an agreement reached between President Donald Trump and Chinese leader Xi Jinping.Critical Metals jumped 7% in premarket, USA Rare Earth rose around 5% and Energy Fuels was up 3%. MP Materials and NioCorp Developments, meanwhile, were both seen around 2% higher.The moves come shortly after Trump declared that the “rare…
General view of Amsterdam’s city center.Nurphoto | Nurphoto | Getty ImagesLONDON — European stocks were lower on Thursday as regional investors await more corporate earnings, the latest growth data and a European Central Bank rate decision.The pan-European Stoxx 600 was 0.1% lower at 8:55 a.m. in London (4:55 a.m. ET).The U.K.’s FTSE 100 index was 0.5% lower, France’s CAC 40 was just below the flatline and Italy’s FTSE MIB traded around 0.4% lower. Germany’s DAX bucked the trend, up 0.3%.It’s another busy day for earnings on Thursday with third-quarter results coming from TotalEnergies, Volkswagen, Crédit Agricole, Société Générale, Anheuser-Busch InBev,…
Beijing will work with Washington to “properly resolve” issues around the divestiture of the U.S. operations of TikTok, China’s Commerce Ministry said in a statement Thursday, according to a CNBC translation.The ministry did not provide a timeframe or any further details. The comment followed a high-stakes meeting earlier in the day between U.S. President Donald Trump and Chinese President Xi Jinping, the first in-person gathering of the leaders since Trump took office in January.Trump did not mention TikTok in his remarks with reporters following his meeting with Xi. Instead, he outlined how the U.S. will roll back some tariffs on…
Stock futures moved higher marginally Thursday as U.S. President Donald Trump and Chinese President Xi Jinping concluded their meeting in Busan, South Korea.This also comes as investors digested a batch of Big Tech earnings and the Federal Reserve’s interest rate decision.Futures tied to the Dow Jones Industrial Average rose 37 points, or 0.07%. S&P futures rose marginally, while Nasdaq 100 futures were just above the flatline.Megacap tech giants Alphabet, Meta and Microsoft each reported quarterly results after market close Wednesday, which market participants have been keenly awaiting for further clues on the health of artificial intelligence trade. Investors are trying…
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025.Eva Marie Uzcategui | Bloomberg | Getty ImagesStellantis on Thursday issued a warning on one-off costs through the second half of the year as the embattled automaker seeks to respond to political, economic and regulatory challenges.The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, reaffirmed its financial guidance for the second half of the year, citing continued improvement in net revenues, cash flow and operating income.Stellantis said, however, that it expects…
Tourists visit the Nanjing Road Scenic Area in Shanghai, China, on October 20, 2025. Nurphoto | Nurphoto | Getty ImagesMany people in China cheered the meeting Thursday between President Xi Jinping and U.S. President Donald Trump, after months of escalating bilateral tensions.Every time the two leaders meet, it helps ease tensions and creates a “positive atmosphere,” Alex Hongcai Xu, chair of Beijing Honglve Consulting, said in Mandarin, translated by CNBC. “This atmosphere is beneficial for negotiations.””Each side lowering tariffs to below 10% would benefit capital flows and cooperation,” Xu said. He noted that China can likely buy more U.S. soybeans…
The logo of the German car manufacturer Volkswagen can be seen on a vehicle in front of a VW dealership.Picture Alliance | Picture Alliance | Getty ImagesAn expensive course correction at subsidiary Porsche dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.52 billion) operating loss and piling billions more in costs on top of pressure from U.S. tariffs.Volkswagen booked 4.7 billion euros in charges due to Porsche’s strategy reversal on electric vehicles in the first nine months, while U.S. import tariffs were expected to cost Europe’s biggest carmaker up to 5 billion euros this year,…
The Google corporate office at The Hub building in Warsaw, Poland on Sept. 16th, 2025. Beata Zawrze | Nurphoto | Getty Images The news cycle barely stopped to breathe today.First, Trump meets Xi.U.S. President Donald Trump met Chinese leader Xi Jinping in South Korea on Thursday, during which he struck a 1-year rare earths agreement with China and lowered fentanyl-related tariffs on Beijing to 10% from 20%, effective immediately.China, in return, will resume buying soybeans and other agricultural products from America, Trump added.Second, interest rates.The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair…
