Business news
- Eli Lilly cuts cash prices of Zepbound weight loss drug vials on direct-to-consumer site - The announcement comes weeks after President Donald Trump inked deals with Eli Lilly and Novo Nordisk to make their GLP-1 drugs easier for Americans to access.
- Intel stock holds 10% rise after analyst predicts major Apple deal - Intel's share price was down slightly premarket after a 10% spike on Friday after analyst Ming-Chi Kuo said the chip giant was nearing a deal to supply Apple.
- Airbus shares fall on reports of new quality issue on dozens of A320 aircraft - Shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on Monday morning.
- India's industrial output grew just 0.4% in October, missing estimates - India's industrial output suffered due to weak manufacturing output and mining activity, low electricity consumption.
- Ukraine peace talks shift to Moscow — the big unknown is whether Putin will play ball - U.S. Special Envoy Steve Witkoff is travelling to Moscow on Monday and is due to meet Russian President Vladimir Putin.
- European markets start December in negative territory, as defense sells off - European stocks started the last trading month of the year in negative territory.
- Bitcoin, Ethereum fall sharply as crypto sell-off resumes - Bitcoin and Ethereum saw heavy selling at the start of a new month, resuming the recent turbulence in digital assets.
- China's factory activity unexpectedly contracts in November, missing estimates, private survey shows - The RatingDog China General Manufacturing PMI, conducted by S&P Global, dropped to 49.9 in November, missing analysts' expectations of 50.5 in a Reuters poll.
- Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity - Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.
- Forget AI spending — the biggest risk to this stock market is speculative junk - The idea that these alternative investments somehow create anything en masse is almost ludicrous.