Eli Lilly lifts revenue outlook on weight-loss drug sales, trims profit view on deal charges

More in Business

• Kalshi raises $1 billion at $40 billion valuation as it expands beyond prediction markets

  The platform secured this major capital injection to finance an operational push outside of its foundational prediction trading space. With an expanded war chest, the firm aims to build out new business lines that diversify its financial footprint. The massive valuation underscores soaring private investor confidence in the growth trajectory of regulated alternative exchange models.

  1 min read
• It’s the strangest job market the U.S. has ever seen. The low-hire, low-fire economy turns 3 years old.

  Over the past three consecutive years, America's standard role as a dependable engine for job creation has broken down. This prolonged departure from traditional labor dynamics has created growing concerns about what lies ahead. Economists warn that the long-term fallout from this persistent shift could ultimately influence the broader economy for years to come.

  1 min read
• DoorDash is acquiring Instacart for around $17 billion

  The mega-merger unites two major on-demand delivery platforms to create a stronger defense against retail titans Amazon and Walmart. Absorbing extensive supermarket partnerships allows the combined entity to bolster its grocery footprint while navigating escalating cross-category pressure from rivals like Uber. This strategic expansion marks a critical shift for the courier sector as delivery boundaries between prepared food and household essentials rapidly blur.

  1 min read