Business

Eli Lilly Q4 2024 earnings beat estimates, driven by strong GLP-1 drug sales, despite missing on expectations. Revenue increased 45% to $13.5 billion, and the company raised its 2025 guidance. Investors will focus on management's commentary on prescription volume and coverage dynamics for Mounjaro and Zepbound, as well as updates on orforglipron, a potential pill option for GLP-1 therapy.

Published on: February 06, 2025, 03:02 PM UTC

Treasury Secretary Scott Bessent says the Trump administration is not pressuring the Fed to lower short-term rates, but rather wants to see lower long-term borrowing costs via 10-year Treasury yields. The comments come as the White House tries to relieve pressure on the Fed, which paused rates last month following three consecutive cuts.

Published on: February 06, 2025, 03:01 PM UTC

Amazon shares have gained 50% due to strength in cloud business and focus on costs. But disappointing results from Microsoft and Google suggest caution, and rising capital expenditures in AI could force Amazon to recalibrate profitability expectations. AWS results, due after market close, will be in focus, and analysts expect revenue growth of 19% this quarter. Despite rising capex, Wall Street remains bullish, with 94% of analysts recommending a buy.

Published on: February 06, 2025, 03:01 PM UTC

UK economy faces recession as Bank of England fails to take bold action on interest rates, despite worsening economic data and job losses.

Published on: February 06, 2025, 03:01 PM UTC

AstraZeneca CEO Pascal Soriot denies rift with UK government over scrapped vaccine factory plan. Citing financial issues, the company remains committed to investing in the UK despite exploring alternative options for the project.

Published on: February 06, 2025, 03:00 PM UTC

Treasury Secretary Scott Bessent says Trump wants to lower long-term borrowing costs, not short-term rates. He also says the president believes that if the administration rolls back regulations, makes the 2017 Trump tax cuts permanent, and gets energy prices down, then rates "will take care of themselves."

Published on: February 06, 2025, 03:00 PM UTC

Ford shares are dropping after the automaker's disappointing outlook, with losses in its EV business offsetting higher-than-estimated quarterly results. Ford Model e reported a $5.1 billion EBIT loss for 2024, and CEO Farley warned of tariffs' impact on the industry and consumer prices.

Published on: February 06, 2025, 03:00 PM UTC

Terex (TEX) posts better-than-expected Q4 revenue, but misses on EPS and EBITDA guidance. Despite upbeat revenue growth guidance for FY2025, the company faces margin pressure with operating margin declining to 4.3%. Analysts predict modest EPS growth over the next 12 months, while TEX's long-term sales and earnings performance remains solid.

Published on: February 06, 2025, 02:09 PM UTC

Ralph Lauren raises revenue forecast on strong demand in North America and China.

Published on: February 06, 2025, 02:08 PM UTC

Gates Industrial Corp. (GTES) reported fourth-quarter earnings of $36.6 million, or 14 cents per share. Adjusted earnings were 36 cents per share. Revenue was $829.4 million. For the year, the company reported profit of $194.9 million, or 74 cents per share, on revenue of $3.41 billion. Gates Industrial expects full-year earnings in the range of $1.36 to $1.52 per share.

Published on: February 06, 2025, 02:08 PM UTC