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Eli Lilly on Thursday reported third-quarter earnings and revenue that blew past estimates and hiked its full-year sales outlook, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro soared again. Despite that strength, sales of its new GLP-1 obesity pill Foundayo, which launched in the U.S. in April, were under Wall Street’s expectations for the quarter.The pharmaceutical giant now expects 2026 revenue to come in between $91 billion and $92 billion, up from a previous guidance of $85 billion to $87 billion. Lilly projects its full-year adjusted earnings will be between $35 and $36 per share, which compares…

Elon Musk says it’s not worth saving for the long term, as nest eggs won’t matter.”Saving money for the distant future is pointless with the advent of super intelligent abundance,” Musk said in an X post on Thursday, doubling down on one of his most polarizing predictions.The Tesla and SpaceX CEO was replying to a user who said they weren’t stressing over their “questionable financial decisions” because a future of abundance meant “most of it won’t matter in a few years anyway.”@battleangelviv Saving money for the distant future is pointless with the advent of super intelligent abundance— Elon Musk (@elonmusk)…

It’s been a long road down for Wendy’s.Since the fast-food chain got a boost to record highs from the 2021 meme-stock frenzy, its share price has fallen nearly 80%. The public-market situation has gotten so dismal that billionaire activist investor Nelson Peltz — alongside a handful of financial firms — wants to take Wendy’s private. Peltz’s firm, Trian Partners, already owns 16% of the company, and is the largest shareholder.Upon first glance, the $7.35-per-share offer looks solid. It’s a roughly 20% premium to Tuesday’s close. But it’s still 12% below where the stock started 2026, and nowhere near the 2021…

Mortgage rates have climbed rapidly in recent weeks, slowing homebuying activity in markets across the US.”Everybody moves together. And the market is so cyclical. It’s like this almost herd mentality,” real estate investor and agent Dana Bull told Business Insider. The recent run-up, she said, has brought activity in her Boston-area market to “a screeching halt.”The average 30-year fixed mortgage rate was hovering around 7.4% in early October, according to Freddie Mac — its highest level in about three years.Bull’s advice: Don’t let high rates alone stop you from making an offer.”We have to start going into problem-solving mode,” she…

A pair of well-known investors at Dmitry Balyasny’s Corbets Capital unit left the $37 billion hedge fund earlier this month.Thomas Stephens and Kevin Cottrell are no longer at Balyasny Asset Management, two people familiar with the matter tell Business Insider.Stephens ran Corbets, which focuses on fundamental stock-picking strategies, from its launch in 2022 until roughly a year ago, a person close to the manager said.He also ran a portfolio focused on financial services companies up until recently. He had been at the firm since 2018 after stints managing money for Izzy Englander’s Millennium Management and Ken Griffin’s Citadel.Cottrell, a tech-focused…

This as-told-to essay is based on a conversation with O’Shea Jackson, known professionally as Ice Cube, a 57-year-old rapper, actor, and cofounder of the professional three-on-three basketball league Big3, who is based in Los Angeles. The following has been edited for length and clarity.I started out wanting to be the best rapper in the world. Then John Singleton put me in “Boyz n the Hood” in 1991, and I loved creating at that level. I didn’t just want to be an actor; I wanted to be a producer and a writer. I wanted to control my own films and be…

Job applicants have dozens of tricks to make their résumés stand out. They print their CVs on colored paper or use eye-catching fonts. They include prompt injections for AI.Logan Ivey put his résumé on a balloon.Ivey has been making videos full-time since 2022, he told Business Insider in an email, and helped scale Matter Neuroscience’s Instagram page to over 300,000 followers.When looking for a new gig, Ivey made a list of what he considered the best companies with the worst Instagram accounts. “I thought airbnb was the coolest!” he wrote. “Being paid to travel and stay in cool places seems…

Google has a pitch for advertisers worried AI agents will make Search obsolete: Let the bots do the shopping legwork, but leave people to compare brands, prices, perks — and sponsored offers.”When users shop, and that’s important, there’s a part of the journey they don’t like, the grunt work, which is frankly fantastic to automate with AI,” Philipp Schindler, Google’s chief business officer, said on Alphabet’s earnings call on Tuesday. “But we also want to enhance, not just automate away the discovery experience that people frankly love in so many cases.”He said users do not always want the cheapest option;…

This-as-told-to essay is based on a conversation with Kylie Genter, 36, a Haenyeo diver on Jeju Island, South Korea. It’s been edited for length and clarity.I’d been teaching English in South Korea for four years when I learned about the Haenyeo — female freedivers who harvest seafood without using modern equipment. I was interested. So, in the summer of 2018, I completed diving lessons with the hopes that maybe I could work with them one day.A few years later, my Korean husband, a scuba diver, read on a diving group chat that a small village on the southwestern side of…

Albertsons is curbing health care benefits for employees due to rising healthcare costs.Starting next year, the grocery giant will no longer offer medical insurance plans to employees’ spouses and domestic partners who have jobs that provide such coverage. The grocery giant detailed the change in an open enrollment guide posted to its website.Albertsons said it expects its healthcare costs to increase 9.5% next year due to inflation, higher prescription drug costs, provider consolidation, and shortages in the healthcare workforce.”Like employers across the country, Albertsons Companies continues to navigate rising health care costs while working to provide associates with access to…