Eli Lilly stock jumps on weight-loss drug sales forecast

Eli Lilly News

Eli Lilly stock jumps on weight-loss drug sales forecast
Revenue IncreasePharmaceutical Giant
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Shares of Eli Lilly (LLY) are moving higher on Tuesday morning as the company reported its first-quarter earnings results, revealing a 26% year-over-year...

) are moving higher on Tuesday morning as the company reported its first-quarter earnings results, revealing a 26% year-over-year revenue increase in a figure of $8.77 billion. Ultimately, this revenue print fell short of estimates .

Shopify stock was climbing Monday after an analyst upgraded shares of the e-commerce platform on confidence in growth. Citi analyst Tyler Radke upgraded shares of Shopify to Buy from Neutral, and increased his target price to $105 from $93, which implies a 47% increase in the stock price as of Friday’s close. “Our Deep-Dive analysis into SHOP’s Merchant Solutions business gives us confidence in SHOP’s long-term growth,” Radke wrote in a research note.

Tony Robbins is an expert on building wealth, but he didn't get there overnight. He spent years working with and learning from some of the most successful investors of all time -- including hedge...The Canadian dollar edged up to a near three-week high against its U.S. counterpart on Monday as risk sentiment improved and ahead of monthly GDP data this week that could offer clues on the strength of the domestic economy. The loonie was trading 0.1% higher at 1.3656 to the U.S. dollar, or 73.

OTTAWA -Canada's economy likely weakened in the first quarter, data from Statistics Canada showed on Tuesday, bolstering expectations that the Canadian central bank would have more reason to cut interest rates in June. Canada's gross domestic product rose 0.2% in February, less than analysts' estimates, while growth in March likely remained muted, Statistics Canada said.

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Demand for weight-loss drug drives Eli Lilly to raise 2024 sales forecast by US$2-billionDemand for weight-loss drug drives Eli Lilly to raise 2024 sales forecast by US$2-billionEli Lilly said it expects significant production increases in the second half of the year for its obesity treatment and related diabetes drug Mounjaro
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