Eli Lilly CEO David Ricks talks Medicare coverage of obesity pills
Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company’s closely watched experimental weight loss pill, orforglipron. In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment “immediately Continue Reading
Stocks making the biggest moves midday: NEM, AAPL, SNDK, DECK
Check out the companies making the biggest moves midday: Newmont , Freeport-McMoRan — The metals miners dropped 9.6% and 7.6%, respectively, as gold and silver faltered from record levels. The moves come after President Donald Trump picked Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, easing fears that Continue Reading
GameStop CEO Ryan Cohen targets consumer mega deal
GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of Continue Reading
American Express wants even more credit card high spenders
American Express announces the new platinum business card. Courtesy: American Express American Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers. The company recently shifted marketing dollars to its refreshed Platinum card, which carries an Continue Reading
Who is Kevin Warsh? Trump’s pick to lead the Federal Reserve
In his first stint at the Federal Reserve, Kevin Warsh came to a central bank that was about to be asked to save the world. He returns now under very different circumstances, asked to serve a notoriously fickle president who will place significant but very different demands on him. Warsh Continue Reading
Chevron CEO says Venezuela taking positive steps to protect oil investment
Chevron CEO Mike Wirth said Friday that Venezuela has taken positive steps to protect investment by private oil companies since the Trump administration captured former President Nicolas Maduro. Venezuela on Thursday passed reforms to its hydrocarbon law that ease state control of the oil industry and grants private producers more Continue Reading
Hassett praises Trump’s pick of Warsh to lead Fed, says he has his ‘dream job’ already
Kevin Hassett, the National Economic Council director once considered a clear frontrunner to be named the next Federal Reserve chair, said Friday he is fine with continuing in his current role. Fresh off President Donald Trump’s announcement that former Fed Governor Kevin Warsh will be the new chair, Hassett told Continue Reading
Eli Lilly plans $3.5 billion Pennsylvania plant for obesity drugs
Lilly Chair and CEO Dave Ricks speaks during a press conference for Eli Lilly and Company in Houston, Texas, U.S., Sept. 23, 2025. Antranik Tavitian | Reuters Eli Lilly on Friday said it will spend more than $3.5 billion to build a manufacturing plant in Lehigh Valley, Pennsylvania, that will Continue Reading
Trump finally makes his Fed chair pick — what Kevin Warsh means for investors
Financial markets took President Donald Trump ‘s pick of Kevin Warsh as the next Federal Reserve chair largely in stride, a sign investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates. Treasury yields were little changed on Friday Continue Reading
Miss foreign stock run in 2025? Still market money to be made overseas
After spending most of the past decade being trounced by the U.S. stock market, international equities are back and investing experts say the opportunity should last. A brutal stretch of underperformance that lasted a decade ended in late 2024 and has sustained its momentum at the outset of 2026. After Continue Reading