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 said on Thursday it will invest $3 billion to expand the manufacturing plant it bought in Pleasant Prairie, Wisconsin earlier this year, as it scrambles to meet soaring demand for its weight-loss and diabetes drugs.The new investment in the factory, which it acquired from Nexus Pharmaceuticals, will help boost production of Lilly’s powerful weight-loss drug Zepbound as well as its diabetes treatments and other medicines, the company said.”Today’s announcement represents our single largest U.S. manufacturing…
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The New York Stock Exchange on November 21, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayU.S. markets take a breather The S&P 500 slipped 0.19%, the Dow Jones Industrial Average lost 0.55% and the Nasdaq Composite retreated 0.18% as traders await today’s jobs report. Asia-Pacific markets traded mixed on Friday. India’s Nifty…
Opening callsThe FTSE 100 is expected to open 8 points lower at 8,341 on Friday morning, while the German DAX index is slated to lose 24 points at the opening, according to IG, bringing it down to 20,334.Meanwhile, IG is predicting that the CAC 40 will open around 8 points lower at 7,322.— Chloe TaylorCNBC Pro: Top picks for 2025: Stocks from Korea, Japan, Hong Kong and Malaysia among Macquarie’s favorites — all with more than 50% upsideMacquarie has named several Asian companies as its top picks for 2025, with predicted gains ranging from 50% to over 80% in their…
“For many, roles like pet sitting or chauffeuring offer something that high-stakes jobs often struggle to provide: simplicity, flexibility, and a sense of control,” says Saumitra Chand, career expert at Indeed.Edwin Tan | E+ | Getty Images”Pet sitter,” “chauffeur,” “bakery assistant” and other service jobs are drawing a surge of interest in Singapore, according to the 2024 Rising Jobs list by job matching and hiring platform Indeed. While workers in the country eye service and support roles, employers are focused on finding talent in high-demand fields such as artificial intelligence, according to Indeed’s study which analyzed job postings and click…
When it comes to the jobs report Friday, investors can’t seem to make up their mind what they want. The November nonfarm payrolls report is one of the last major economic data points before the Federal Reserve holds its Dec. 17-18 meeting, at which the central bank is widely expected to squeeze in one more rate cut before the end of the year. But whether a weak or strong number come Friday will be better for the interest rate outlook, and for markets, is unclear, with observers on both sides of the argument. The U.S. economy is expected to have…
Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided between two takeover courtships, UniCredit’s Andrea Orcel still has room to sweeten his bid for Italy’s Banco BPM, analysts say, while political turmoil stalls a deal with Germany’s Commerzbank. Once a key architect in the controversial 2007 takeover and later break-up of Dutch bank ABN Amro, Orcel revisited his ambitions for cross-border consolidation with the September announcement of a surprise stake build in Commerzbank. Until recently, the latter had been the subject of speculation as a potential merger partner for Germany’s…
Protesters hold placards during a candlelight vigil to condemn South Korean President Yoon Suk Yeol’s surprise declarations of the failed martial law and to call for his resignation in Seoul, South Korea, December 5, 2024.Kim Kyung-Hoon | ReutersSouth Korea’s ruling party leader said on Friday President Yoon Suk Yeol needs to be removed from authority for the safety of the country for trying to impose martial law, but stopped short of urging members to vote for impeachment.Yoon shocked the nation and his own ruling People Power Party on Tuesday when he announced he was imposing martial law in order to root out “anti-state forces”…
Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024. Dhiraj Singh | Bloomberg | Getty ImagesIndia’s central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia’s third-largest economy.The decision came in line with economists’ expectation in a Reuters poll, as India’s consumer prices inflation surged to a 14-month high of 6.21% in October, significantly higher than the central bank’s target of 4% and also above its tolerance ceiling of 6%.Reserve Bank of India Governor Shaktikanta Das said the central…
A market in Tokyo in June 2023.Richard A. Brooks | Afp | Getty ImagesAsia-Pacific markets were mixed Friday after Wall Street saw the Dow Jones Industrial Average drop more than 200 points and S&P 500 retreat from a record high.Traders in Asia assessed household spending data out of Japan that fell 1.3% in October year-over-year, slower than the 2.6% decline expected by economists polled by Reuters. On a monthly basis, spending grew 2.9% in October compared to September, beating expectations of a 0.4%.India kept its interest rate steady at 6.5% on Friday as it seeks to tame inflation after it surged to…
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