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Lilly Slides After New Obesity Pill Prescription Data Disappoints Wall Street
Lilly Slides After New Obesity Pill Prescription Data Disappoints Wall Street
Shares of Eli Lilly & Co. fell in New York premarket trading after new industry prescription data for the drugmaker's blockbuster obesity shot Zepbound and recently approved oral weight-loss pill Foundayo disappointed Wall Street analysts.
Foundayo generated 3,707 prescriptions in its second week, according to new prescription-tracking data from IQVIA cited by RBC Capital Markets analysts. That compares with 18,410 prescriptions for Novo's oral version of Wegovy during its second week after launch, suggesting Lilly's weight-loss drugs are falling behind...
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May 4, 2026 / Tyler Durden
3 Dead, 149 Trapped Onboard: Track Cruise Ship With Suspected Deadly Virus Outbreak
3 Dead, 149 Trapped Onboard: Track Cruise Ship With Suspected Deadly Virus Outbreak
A luxury cruise ship carrying 149 passengers and crew is facing a suspected hantavirus outbreak that has already left three people dead. The vessel is currently anchored offshore near Cape Verde, the island nation in the central Atlantic off the west coast of Africa, as health officials rush to assess the scale of the outbreak.
The MV Hondius is currently anchored offshore near Praia, the capital and largest city of Cape Verde. Ship-tracking data show the vessel...
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Apr 8, 2026 / Tyler Durden
Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire
Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire
A trader who made a large bet on a stocks rocketing in the coming weeks is up about $23 million in paper profit today, according to Bloomberg.
The unknown trader spent $12 million premium on 6800 lots of 6950 S&P 500 Index Options (SPX) calls for May 8 expiry, when the index was at 6556.21; the trade was executed around 10:20 a.m. Eastern on Tuesday, just hours before Trump's announcement of a 2-week ceasefire which sent...
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May 7, 2026 / Tyler Durden
AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms
AI Is Causing A Tidal Wave Of Job Cuts At Crypto Firms
Layoffs are spreading across crypto and fintech — and executives increasingly say AI is part of the reason, according to Bloomberg.
Coinbase, PayPal, Gemini, and Crypto.com have all recently cut jobs while emphasizing efficiency and automation. On Tuesday, Coinbase CEO Brian Armstrong framed the shift in stark terms, warning that “the biggest risk now is not taking action” as the company tries to become “lean, fast, and AI-native.”
Bloomberg writes that the trend gained momentum after Block, Inc. — the...
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