Stock Rally Pauses As Attention Turns To Warsh's First FOMC

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...

Yum Unloads Pizza Hut Chain As Private Equity Takes On Turnaround Challenge Yum! Brands agreed to sell its iconic Pizza Hut chain for $2.7 billion following a strategic review, separating the struggling pizza brand from its broader restaurant portfolio, which includes KFC, Taco Bell, and The Habit Burger Grill. LongRange Capital will acquire Pizza Hut's business outside China for $1.5 billion, while Yum China will buy the China business for $1.2 billion. Both transactions are expected to close in the third quarter. The Stamford, Connecticut-based private equity firm typically invests in...

Reports Of Deadly US-Israeli Airstrikes On Iran's Port Of Bandar Abbas As Trump Issues Enriched Uranium Demand Summary Reports: Fighter jets attacked two boats in the port of Bandar Abbas, killing four people Iran has reportedly lifted its nationwide internet ban after nearly 90-days. Israel dramatically ramps up war and bombing of Lebanon, citing Hezbollah drones on its territory. Al Arabiya claims Tehran ready to transfer highly enriched uranium to China. Trump urges all countries join post-deal Abraham accords, including Iran: Negotiations with the Islamic Republic of Iran are proceeding nicely! It will only be a...