Month: October 2025
We’re raising our Eli Lilly price target — what a difference a quarter makes
Eli Lilly shares jumped Thursday after the drugmaker posted a strong third quarter, driven by sales of its popular GLP-1 medications. The company also raised its full-year sales outlook for the second time in a row, inspiring confidence in the trajectory of the franchise. Revenue in the three months ended Sept. 30 jumped 54% year […]
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Shipping sector skeptical Trump’s latest trade truce with China will reverse import decline
U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty Images American shippers were already unhappy about their business outlook after President Donald Trump imposed steep new tariffs on China in April. And […]
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Corporate travel and expense software firm Navan shares sink by double-digits in first trade after $6 billion Nasdaq IPO
Corporate travel and expense management platform Navan fell by as much as 15% in its first trading day on the Nasdaq under the ticker symbol “NAVN” after its successful initial public offering. The Navan IPO, which priced on Wednesday night, valued the business-to-business software vendor at $6.2 billion, raising $923 million and with shares settling […]
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Stocks making the biggest moves midday: Cigna, FormFactor, Meta Platforms, Microsoft, Carvana & more
Check out the companies making the biggest moves midday: Cigna — Shares of the health insurance company after management said during an earnings call that it expects its pharmacy benefit services division to face margin pressure in the next few years. Cardinal Health — The drug and medical equipment distributor surged more than 12% on […]
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Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani in the New York City mayoral race have raised over $40 million, with millions […]
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Jim Cramer says buy the Meta plunge — but timing is key
Jim Cramer has decided to upgrade Meta Platforms — choosing to view Thursday’s post-earnings stock plunge as a buying opportunity. Meta shares were dropping 12% after the social media giant on Wednesday evening warned of spending increases this year and next to stay ahead in the artificial intelligence race. The Club is bumping Meta stock […]
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Apple reports fourth quarter earnings after the bell
FILE PHOTO: Formula One F1 – United States Grand Prix – Circuit of the Americas, Austin, Texas, U.S. – October 23, 2022 Tim Cook waves the chequered flag to the race winner Red Bull’s Max Verstappen. Mike Segar | Reuters Apple reports fiscal fourth quarter earnings on Thursday after the bell. The fourth quarter, which […]
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AI and energy-focused SPAC raises $175 million and taps Nvidia, Prologis execs as advisors for deal hunt
Key Points Dynamix Corporation III has raised an upsized $175 million in an initial public offering, people familiar with the matter told CNBC. The SPAC may also opt to issue additional shares, raising a total of $201.25 million that will be used to acquire a company in the AI, energy or digital asset class sector. […]
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AI companies are downplaying amount of energy and capital they need, Joe Lonsdale says
Joe Lonsdale, the founder of venture firm 8VC, says that top executives in artificial intelligence are underselling the resources they need to meet their ambitious goals. These companies are ” afraid to scare their investors, and so they are telling them they need a lot less capital, a lot less energy than they know they actually […]
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