Eli Lilly GLP-1 pill Foundayo approved for obesity

Eli Lilly GLP-1 pill Foundayo approved for obesity

The U.S. Food and Drug Administration approved Eli Lilly‘s GLP-1 pill, the company said, a major milestone for the Indianapolis-based drugmaker and one that will test the market for new weight-loss medications. Lilly said the once-daily pill, Foundayo, will start shipping from direct-to-consumer platform LillyDirect on Monday and will be available at pharmacies and on…

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Kroger (KR) Q1 2025 earnings

Kroger (KR) Q1 2025 earnings

Shares of Kroger rose more than 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out. The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than…

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Berkshire CEO Greg Abel on working with Buffett, Kraft Heinz and using all his salary to buy the stock

Berkshire CEO Greg Abel on working with Buffett, Kraft Heinz and using all his salary to buy the stock

The stocks erased some of those losses to end the week down around 1.2%. CNBC.com’s Yun Li quotes Keefe, Bruyette & Woods analyst Meyer Shields as saying he views “both the resumed share repurchases and Greg’s commitment to annual buying as positives, but they don’t change the earnings challenges at units like GEICO or Berkshire Hathaway…

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Crypto-focused Grayscale files for potential U.S. listing

Crypto-focused Grayscale files for potential U.S. listing

Grayscale Bitcoin Trust ETF signage on the floor of the New York Stock Exchange in New York, US, on Thursday, Jan. 11, 2024.  Michael Nagle | Bloomberg | Getty Images Crypto-focused asset manager Grayscale said on Monday it has confidentially submitted paperwork with the Securities and Exchange Commission, signaling potential plans for a U.S. listing as bitcoin scales new highs. The move coincides with the…

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