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Eli Lilly agreed to buy US gut-drug maker Morphic for about $3.2 billion, plowing some of the proceeds from obesity blockbuster Zepbound into its experimental pipeline. https://yhoo.it/3WdTF7t

While tech giants such as Apple, Microsoft, Google, Meta, Amazon, and NVIDIA dominate markets, a new group of innovative tech companies is emerging, set to capitalize on the AI trade. Goldman Sachs Asset Management Portfolio Manager Brook Dane joined Yahoo Finance Executive Editor Brian Sozzi on Opening Bid, saying that clients are not jumping ship, and are more focused on "where are we in this AI cycle." Dane also spent some time talking about Nvidia's place in the market, and who their future competitors might be. More: https://lnkd.in/e3Mn4Qdy #yahoofinance #finance #tech #ai #investing #markets

Boeing will plead guilty to criminal fraud conspiracy in a Justice Department agreement that brands the aviation giant as a corporate felon but could resolve a big legal headache as Boeing tries to convince customers and investors that it has its problems under control. The plea deal described by US prosecutors in a court document relates to actions taken by Boeing to mislead FAA regulators before two 737 MAX fatal crashes at the end of last decade. https://yhoo.it/3LdvVKx

Amazon didn’t become the tech and retail giant it is today by sitting back and watching its competitors do business. The Jeff Bezos-founded company has long been seen as ruthless on prices and a relentless innovator, but at the core of those things is the notoriously cutthroat Amazon culture, believed to be a win-at-any-cost mindset. But Amazon’s ways may be catching up to it, with the Federal Trade Commission on the attack against the company for its alleged monopolistic behavior. The Wall Street Journal reporter Dana Mattioli recently visited Yahoo Finance to talk about her explosive new book, "The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power." What changed in Amazon's early days? More: https://lnkd.in/eBJYEqGE #yahoofinance #tech #retail #amazon

Total US household debt levels increased in the first quarter as already stressed credit card borrowers faced rising challenges, a new report from the Federal Reserve Bank of New York said. The bank report, part of its survey of household debt and credit conditions, showed that overall debt levels rose by $184 billion, or 1.1%, in the first quarter to $17.69 trillion. https://yhoo.it/3ztyfKI

The New York Stock Exchange NYSE trading floor has changed a lot since its peak in the 1980s, mainly due to advances in technology. While computers now handle most trades, there are still real people on the floor doing important work for investors around the world. TradeMas Inc. senior floor trader Peter Tuchman, known as the "Einstein of Wall Street" because of his distinctive white hair, is one of the most recognizable figures on the trading floor. He's been working there for decades, offering valuable insights to clients during both good and bad market conditions — making him the go-to source for understanding market trends. Here's why Tuchman says stock trading isn't a "get rich quick scheme." More: https://lnkd.in/eyNmWb4A #yahoofinance #finance #investing #markets #money

The tech sector has dominated the stock market in the first half of 2024, and arguably, for many years on the stock market. Major players like NVIDIA, Meta, and Microsoft continue to outperform and spill over into other sectors that require or utilize their tech. The gains in the market have narrowed in on this sector in recent months, but can that change? Fundstrat Global Advisors global head of technical strategy Mark Newton, CMT joins Yahoo Finance's Jared Blikre and Sidney Fried to breakdown the domination of the tech sector and discuss what "buy high, sell higher" means for stock pickers. More: https://lnkd.in/edpuchuG #yahoofinance #finance #money #markets #investing #tech

In the debut episode of "Financial Freestyle with Ross Mac," TIAA Chief Administrative Officer Derek F. breaks down major gaps in the American retirement system. More: https://lnkd.in/eQ8xtmWz #yahoofinance #finance #money #economics #retirement

US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home. That’s nearly the cost to buy a used car and represents a 26% increase from four years ago when it cost $14,428 annually to own and maintain a home. https://yhoo.it/3XIt43E