Tesla's problems, Eli Lilly's weight loss pill, and egg prices surge: Business news roundup
Eli Lilly’s first weight loss pill could expand access to GLP-1s around the globe, executive says
Eli Lilly (LLY) believes its experimental weight-loss pill could make GLP-1 treatments more accessible worldwide.
“We feel that a product like an oral, orforglipron, could serve a significant amount of patients globally,” Eli Lilly CFO Lucas Montarce said Monday at the Leerink (SIVB) 2025 Global Healthcare Conference.
Mark Cuban wants to ‘out-Elon’ Elon Musk and plug a hole created by DOGE
“Shark Tank” star and entrepreneur Mark Cuban knows a thing or two about getting a new business up and running. His next venture may be hiring the workers laid off by Tesla (TSLA) CEO Elon Musk’s Department of Government Efficiency (DOGE).
Tesla’s reputational hit while Elon Musk works for Trump is unprecedented, JPMorgan says
Tesla (TSLA) has suffered major reputational damage over the last few months on a scale never seen before in the automotive industry, according to JPMorgan Chase (JPM) analysts.
Elon Musk is distracted. Tesla stock is cratering. Some investors want a change
Tesla (TSLA) is struggling — and Elon Musk’s politics are to blame.
“With great difficulty,” is how Musk described running his legion of companies on Monday, as more and more of his time gets devoted to the Department of Government Efficiency (DOGE).
Elon Musk only has months before Trump ‘burns’ him, Anthony Scaramucci says
One of the biggest questions surrounding Elon Musk and President Donald Trump’s partnership is whether it will last. One of the president’s former, short-lived advisers has a clue.
More eggs are coming to America as prices surge
Brazil is doubling the amount of eggs it exports as the U.S. tackles shortages caused by bird flu.
The ABPA, a Brazilian industry group that represents egg and meat exporters, said it will be doubling international egg shipments, shipping out up to 35,000 tons in 2025, according to Bloomberg. Last year, it exported about 18,000 tons of eggs, and the new number is already 67% more than it forecast in December.
Even Tesla’s biggest bull says patience with Elon Musk is ‘wearing very thin’. Trump threw him a bone
One of Tesla’s (TSLA) biggest backers on Wall Street is warning that investors are running out of patience with Elon Musk’s lack of focus — and he needs to “step up” as CEO.
Novo Nordisk’s Ozempic successor disappointed Wall Street again
Novo Nordisk (NVO) released clinical trial results for its potential Ozempic successor on Monday, disappointing Wall Street for the second time.
The pharmaceutical giant, known for its blockbuster diabetes drug Ozempic, announced on Monday that patients taking its experimental diabetes and weight-loss drug, CagriSema, lost an average of 15.7% of their body weight after 68 weeks in a phase 3 clinical trial.
DraftKings CEO on March Madness, AI, and the future of sports gambling
Jason Robins, Chief Executive Officer of the sports betting company, breaks down how DraftKings is using AI to dominate March Madness and beyond
Donald Trump will ‘burn’ Elon Musk soon, Anthony Scaramucci predicts
The author of The Little Book of Bitcoin says Trump has no one in his orbit who likes him