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David Ricks, chief executive officer of Eli Lilly & Co., at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Friday, April 17, 2026.Aaron Schwartz | Bloomberg | Getty ImagesEli Lilly on Thursday reported first-quarter earnings and revenue that blew past estimates and hiked its full-year sales outlook by $2 billion, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro spiked again.The pharmaceutical giant now expects 2026 revenue to come in between $82 billion and $85 billion, up from a previous guidance of $80…

Merck posts quarterly loss due to Cidara charge, sales rise 5% Source link

Microsoft on Wednesday reported better-than-expected quarterly results and issued a strong forecast for its all-important Azure cloud unit. But key debates hanging over the stock weren’t put to bed, resulting in a muted reaction in extended trading. Here’s a look at some of the key metrics in Microsoft’s fiscal 2026 third quarter versus the Wall Street consensus: Revenue in the three months ended in March rose 18% year over year to $82.89 billion, beating the LSEG consensus estimate of $81.39 billion. Earnings per share (EPS) totaled $4.27, up 23.4% from a year earlier, topping the $4.06 consensus, according to LSEG.…

Home Secretary Shabana Mahmood says the issue is being treated as an “absolute priority” but does not agree it constitutes a national emergency. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Since performance art began, scandal has been part of the script. In 1916, Cabaret Voltaire — the birthplace of the dada movement — hosted a series of outlandish performances organised by German poets Hugo Ball and Emmy Hennings. A reaction to the horrors of the first world war, these deliberately absurdist acts — which included recitals of “nonsense” poetry or music made with typewriters — whipped audiences into a frenzy. On more than one occasion, they reportedly stormed the stage. The golden age of performance art’s shock…

Fuel prices are displayed at a service station in Paris showing high gasoline and diesel costs due to the war in Iran, on April 8, 2026. Stephane Mouchmouche | Afp | Getty ImagesThe euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data showed on Thursday, as the Iran war hampers growth in the region and inflation pressures intensify.The print came as flash data showed consumer prices in the single currency area are creeping higher, with inflation jumping to 3% in April, up from 2.6% in the twelve months to March and from…

United Utilities announces £800m equity raise to fund AMP8 expansion Source link

Even before the Trump administration went to war against DEI and attempts to address historical discrimination, diversity efforts in the US were controversial. A pivotal moment came in 2023, when the Supreme Court ruled that race-based affirmative action programs violated the Constitution. The decision partly rested on universities’ inability to clearly measure the benefits of diverse student bodies and the lack of defined standards to determine when equity had been achieved and such programs should end. A new paper highlights the uncertainty. “Learning theory argues that racial diversity promotes student learning, which should increase salaries,” its authors write. “However, well-documented…

Michael Selig, President Donald Trump’s nominee to serve as Commodity Futures Trading Commission chairman, testifies in a Senate Agriculture Committee hearing on his nomination on Capitol Hill, Nov. 19, 2025.Jonathan Ernst | ReutersA group of Democratic lawmakers is urging the Commodity Futures Trading Commission to issue a rule that would aim to rein-in prediction markets, curb insider trading and prohibit certain types of event contracts.In a letter first shared with CNBC and sent to the CFTC on Thursday, a group of congressional Democrats led by Jeff Merkley of Oregon., called on the federal agency to address “the rapid erosion of…

Losses to Malian militants by Wagner Group’s successor call into question future of Moscow’s military adventurism in Africa Source link