Novo’s Wegovy pill is not only exceeding expectations, it is destroying them. Is the knocked-down stock a buy now?

Novo’s Wegovy pill is not only exceeding expectations, it is destroying them. Is the knocked-down stock a buy now?

The pharmaceutical industry is highly competitive and driven by innovation. Those two facts could not be clearer than in the competition between Nordisk (NYSE: NVO) and Eli Lilly (NYSE: LLY) in the newly created GLP-1 weight loss space. While Eli Lilly looks like the winner right now, Novo Nordisk’s Wegovy pill is working better than…

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Amazon gains 5% thanks to letter to shareholders, deal with Globalstar and  billion in AI revenue on AWS

Amazon gains 5% thanks to letter to shareholders, deal with Globalstar and $15 billion in AI revenue on AWS

Amazon (AMZN) shares soared on Thursday, boosted by CEO Jassy’s shareholder letter revealing $15 billion in annualized AI revenue from AWS and a $200 billion capital spending commitment by 2026 for AI infrastructure. Amazon’s acquisition talks with Globalstar (GSAT) would strengthen Project Kuiper’s satellite internet against SpaceX’s Starlink, while Amazon Pharmacy’s same-day delivery of Eli…

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