HSBC analysts just slashed their recommendation on the world’s most valuable pharmaceutical company, Eli Lilly, signaling a potential cooling period for the red-hot obesity drug trade that has come to dominate market narratives of the sector. Analysts led by Rajesh Kumar downgraded Lilly to Reduce from Hold, cutting their target price to $850 from $1,070,…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. Soon, your garage won’t be the only gym with a Peloton Bike. The fitness company is ramping up its commercial business, announcing yesterday new Bike and Tread products designed for busy gyms. Stock futures are little changed this morning after…
LONDON — Len Deighton, a prolific writer whose tough, stylish spy thrillers featured on bestseller lists for decades, has died. He was 97. Deighton’s literary agent, Tim Bates, said he died Sunday. No cause of death was given. Deighton’s first novel, “The IPCRESS File,” helped set the tone of cool and gritty 1960s thrillers and…
LOS ANGELES – FOX Sports today announced that Kevin Burkhardt and Greg Olsen will call the inaugural Fanatics Flag Football Classic, a first-of-its-kind global competition from Fanatics Studios, on Saturday, March 21 from 4:00-8:30 PM ET / 1:00-5:30 PM PT on FOX, FOX One and Tubi. As previously announced, actor and comedian Kevin Hart will…
Just Capital’s annual list of America’s “most just” companies ranks the Russell 1000 universe using a methodology based on public polling that since 2015 has taken the pulse of roughly 200,000 Americans, asking them to identify and prioritize the issues that they think contribute the most to just business behavior. To produce the 2026 Just Capital rankings,…
Key Points Semi-liquid private credit vehicles have curbed withdrawals as investors scramble to withdraw their money. A “robust and growing” secondaries market could help ease pressure amid concerns over squeezed liquidity. Private credit investors may have a potential “off-ramp” as pressure to cash out of the $3 trillion industry grows. Asset managers in the sector,…
Dick Vitale previously declined a standing invitation from CBS and TNT Sports to call an NCAA Tournament game. An assist from Charles Barkley is finally making it happen this year. Vitale and Barkley will call Tuesday night’s second First Four matchup in Dayton, Ohio, between Texas and N.C. State on truTV with Brian Anderson and…
Major League Baseball’s experiment of a robot umpire technology system allowing challenges to checked swing calls is moving up from Class A to Triple-A. MLB will also test moving second base slightly to position it entirely within the infield, which would reduce by 9 inches the distance between first and second, and between second and…
Check out the companies making the biggest moves premarket: Nvidia — The chipmaker traded slightly higher after CEO Jensen Huang said he expects orders for its Blackwell and Vera Rubin chips to reach $1 trillion through 2027. Delta Air Lines — Shares traded more than 4% higher after the company raised its first-quarter revenue growth…
Delta Air Lines said Tuesday that the company was maintaining its profit guidance for the first quarter and raising revenue expectations, despite airlines dealing with higher jet fuel prices since the war in Iran started. CEO Ed Bastian told CNBC’s Phil LeBeau that Delta had taken a $400 million hit so far for the fourth…
