Eli Lilly and Resilience Commit USD 750 Million to Expand GLP-1 Manufacturing in Ohio, Adding 400 Jobs
Eli Lilly (NYSE: LLY) and privately held CDMO Resilience are jointly investing USD 750 million to scale sterile injectable manufacturing in the Cincinnati, Ohio region, targeting KwikPen production for GLP-1 blockbusters Mounjaro and Zepbound. The deal creates 400+ high-skilled jobs and begins operations in early 2027, bringing Lilly's total U.S. capex since 2020 above USD 55 billion.
Philip Morris and Altria Revive Manufacturing Ties — What the Duty Drawback Deal Means for PM and MO
PMI and Altria signed a cigarette manufacturing pact (Aug. 23–24, 2026). MO surged ~3.8%, PM +2.60%. The deal taps a duty drawback worth potentially $12B industry-wide.
Advent and Stripe Abandon PayPal (PYPL) Bid at $60.50
Advent International and Stripe have abandoned their pursuit of PayPal (NASDAQ: PYPL), Bloomberg reported late Thursday. The awkward part is where the stock already sits: PayPal closed above the $60.50 a share the two bidders declined to raise.
Apple Foldable iPhone Debuts Sept. 9, 17 Days to Year-End
Apple (NASDAQ: AAPL) will introduce its first foldable iPhone on Sept. 9. The company's fiscal year ends 17 days later, leaving what Bloomberg calls Apple's big
Berkshire's Q2 2026 13F: Alphabet Surges to Third-Largest Holding at $37B, Delta Air Lines Stake Up 44%
Berkshire's Q2 13F shows Abel nearly doubled Alphabet stake to $37B (#3 holding) and raised Delta Air Lines 44% to $5.4B as total portfolio hit $299B.
Newmont Pays Barrick USD 1.95B to Settle Nevada Gold Mines Dispute, Greenlighting North American IPO
Newmont pays Barrick $1.95B to settle all Nevada Gold Mines JV disputes and consent to North American Barrick's NYSE IPO. NEM +7.18%, Barrick (NYSE: B) -6.11% on Aug. 10.
Verizon's August 8 Voice Outage Likely Crossed the FCC Filing Threshold — Here's the Math
Verizon's Aug. 8 voice outage ran roughly 4 hours across major U.S. cities, likely clearing the FCC's 900,000 user-minute reporting bar — the detail weekend coverage missed.
Home Depot (HD) Dividend Raise Slows to 1.3%, Payout Ratio Rises
Home Depot (NYSE: HD) lifted its quarterly dividend by 1.3% in February, the smallest annual increase in the dividend history the company publishes back to 2020
NVIDIA to Invest Up to USD 3 Billion in Stargate Power Developer Lancium, Taking a 20-30% Stake
NVIDIA is investing up to USD 3 billion in Lancium, the Blackstone-backed power developer that fuels the OpenAI-Oracle Stargate campus in Texas, for a stake of up to 30%.
Disney Q3 FY2026: Streaming Profit Doubles to USD 712M, Parks Set Record, Adjusted EPS Beats by 11%
Disney Q3 FY2026 adj. EPS USD 2.06 beat USD 1.86 estimate. Streaming OI doubled to USD 712M; domestic parks surged 27%; DIS shares rose ~3% premarket.
AMD (NASDAQ: AMD) Q2 2026: Data Center Revenue Doubles to $6.7B, Powering Record $11.5B Quarter
AMD reported record Q2 2026 revenue of $11.54B (+50% YoY) as Data Center revenue doubled to $6.7B. Non-GAAP EPS beat at $1.66. Q3 guidance of ~$13B exceeds consensus despite an 8% after-hours selloff.
Merck (MRK) Q2 2026: Keytruda Holds as Terns Deal Charges Sink Reported Profit — Revenue Guidance Raised
Merck Q2 2026 revenue USD 16.6B beat consensus on Keytruda, Winrevair, and Welireg momentum, while the Terns acquisition IPRD charge drove a non-GAAP EPS loss of -USD 0.13.