An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York on March 28, 2024.Eli Lilly on Monday launched a new form of its blockbuster obesity drug, Zepbound, that offers a month's worth of doses in a single pen.Cash-paying patients can get the multi-dose device, called KwikPen, on the company's direct-to-consumer website, LillyDirect. Prices start at $299 per month for the lowest dose level. The pen could serve as a more convenient option for some patients, as it reduces the nu ...

Core Insights - Aalyria, a startup spun out from Google, is valued at $1.3 billion in a new funding round, indicating a strong demand for high-speed telecommunications solutions [1] Funding and Financials - Aalyria has secured $100 million in fresh funding, which coincides with increased U.S. government spending on defense technology and national security satellites [2] - The funding round was led by Battery Ventures, with participation from J2 Ventures and DYNE, while Google retains a stake in Aalyria [3] Market Context - The competitive landscape includes SpaceX's Starlink, which has gained government contracts and consumer popularity, particularly in underserved areas [3] - Other competitors like Eutelsat and Amazon are also heavily investing in their own telecommunications services [3] Strategic Importance - The success of SpaceX has raised competitive concerns among satellite vendors, prompting a desire for more diverse service providers, especially following geopolitical tensions [4] - Aalyria aims to provide a seamless networking layer that enables traffic routing between various satellite platforms, addressing the need for alternatives to existing services like Starlink [5] Partnerships and Contracts - Aalyria has secured contracts or research funding from notable partners, including Telesat, the U.S. Air Force, NASA, the Defense Department's Defense Innovation Unit, and the European Space Agency [5]

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Monday. With the Winter Olympics officially wrapped up, many athletes are leaving Italy with more than just a medal.Stock futures are lower this morning following a winning week for all three major indexes.Here are five key things investors need to know to start the trading day:1. If at first you don't succeedU.S. President Donald Trump answers questions during a press briefing held at the White House Feb ...

Core Viewpoint - Oil prices have retreated from a six-month high due to ongoing diplomatic talks between the U.S. and Iran, which have alleviated some geopolitical tensions in the region [1][2][3]. Oil Market Dynamics - Brent crude oil reached a six-month high of $71 last week, driven by fears of supply disruptions related to Iran, which Goldman Sachs estimated added approximately $6 to the oil price [3]. - Current oil prices are showing a decline, with WTI crude at $65.62 (-1.29%), ICE Brent crude at $70.86 (-1.25%), and Murban crude oil futures at $71.01 (-1.46%) [9]. Geopolitical Context - The U.S. has been pushing for concessions from Iran regarding its nuclear program, following the restart of talks in Oman after a period of stalled relations since the U.S. withdrawal from the JCPOA in 2018 [4]. - Iranian officials have expressed a willingness to negotiate, indicating a "good chance" for a diplomatic solution regarding the nuclear issue [5]. Military Presence and Tensions - The U.S. has increased its military presence in the region, deploying a second carrier strike group to the Middle East, which is positioned near Oman [8]. - Ongoing protests in Iran and the government's response to them have added to the unrest, with significant casualties reported during previous protests [7]. Political Uncertainty - Recent Supreme Court rulings have created uncertainty regarding President Trump's ability to implement his economic policies, including those related to Iran [11][12]. - Analysts suggest that the gap between U.S. and Iranian positions remains significant, complicating the potential for a deal [10].

Core Viewpoint - Novo Nordisk's stock experienced a decline of over 10% following the announcement that its next-generation weight loss drug, CagriSema, did not meet its primary target of non-inferiority in weight loss compared to Eli Lilly's drug, tirzepatide, after 84 weeks [1] Group 1 - CagriSema failed to achieve its primary endpoint in the clinical trial [1] - Eli Lilly's stock saw an increase of 2.1% in premarket trading as a result of Novo Nordisk's announcement [1] - Novo Nordisk is considering additional trials for CagriSema, including testing higher-dose combinations [1]

Core Viewpoint - The introduction of a new global 15% tariff on all imports by the U.S. poses a significant risk to existing trade deals with Europe, leading to concerns and uncertainty among European officials [1][3][12]. Trade Policy Changes - President Trump announced a new universal 10% tariff following a Supreme Court ruling that struck down his previous global tariffs policy, later increasing it to 15%, which is the legal maximum for 150 days without Congressional approval [2][12]. - The new import duties are effective immediately, impacting EU exports to the U.S. with a 15% duty and U.K. exports with a 10% levy [3][4]. European Response - European officials expressed alarm over the new tariff policy, indicating it could disrupt trade agreements made with the U.S. last year [3][10]. - The Chair of the European Parliament's committee on International Trade criticized the U.S. administration's approach, calling it "pure tariff chaos" and highlighting the uncertainty it creates for trading partners [6][7]. Legal and Trade Deal Implications - The European Parliament's trade committee plans to hold an emergency meeting to assess the implications of the new tariffs, with proposals to suspend the U.S.-EU trade deal until clarity is provided [7][10]. - French Trade Minister suggested a united European response against the U.S. tariffs, emphasizing the need for a coordinated approach [10]. Impact on U.K. Trade - The U.K. faces a 2.1 percentage point increase in its average tariff rate due to the new policy, while the EU sees a 0.8 point rise, potentially putting the U.K. at a competitive disadvantage [16]. - A U.K. government spokesperson expressed confidence in maintaining a privileged trading position with the U.S. and indicated ongoing discussions to understand the tariff impacts [11][12]. Market Reactions - European markets reacted negatively to the tariff announcement, reflecting investor concerns over the potential disruptions in trade relationships [17]. - European Central Bank President warned that the trans-Atlantic business relationship could suffer due to the uncertainty surrounding the new trade policies [17][18].

Core Viewpoint - U.S. Treasury yields remained stable as investors reacted to President Trump's new tariffs following a Supreme Court ruling that invalidated a significant portion of his previous tariffs [2][4] Group 1: Treasury Yields - The 10-year Treasury yield was down less than 1 basis point to 4.076% [1] - The 30-year Treasury bond yield also decreased by less than 1 basis point to 4.72% [1] - The 2-year Treasury note yield remained nearly flat at 3.47% [1] Group 2: Tariff Developments - The Supreme Court ruled 6-3 that President Trump improperly used the International Emergency Economic Powers Act to enforce tariffs, stating the law does not authorize such actions [2] - In response, Trump announced an increase in global tariffs from 10% to 15%, effective immediately, with additional levies to follow [3] - Investors are closely monitoring the evolving tariff situation [2] Group 3: Economic Data - Investors are awaiting economic data releases, including durable goods orders and factory orders on Monday, and the producer price index on Friday [4]

Core Viewpoint - The U.S. has raised global tariffs to 15%, impacting trade relations with various countries differently, with the U.K., EU, and Singapore facing higher tariffs while Brazil, China, and India see reductions [1][2][3]. Tariff Changes - The U.K. experiences a 2.1 percentage point increase in its average tariff rate, while the EU sees a 0.8 point rise [3]. - Brazil's tariff rate decreases by 13.6 points, and China's drops by 7.1 points [3]. - Japan and South Korea face increases of 0.4 and 0.6 percentage points, respectively [5]. Legal and Trade Implications - The U.S. Supreme Court ruled that the president improperly invoked the IEEPA for tariffs, leading to the implementation of a 10% duty under Section 122, which was later raised to 15% [2]. - The EU Commission is seeking clarity on the ruling, emphasizing that previously agreed tariff ceilings should be honored [4]. Reactions from Affected Countries - Asian countries, including China and India, are assessing the implications of the Supreme Court ruling, with India postponing trade negotiations with the U.S. [14]. - South Korea plans to engage in consultations to maintain favorable export conditions under its trade agreement with the U.S. [15]. Confusion in Trade Landscape - There is significant confusion regarding the actual implementation of the new tariffs, as the White House's fact sheet still lists Section 122 tariffs at 10% [18]. - Experts express uncertainty about the impact on bilateral trade agreements, as previous deals were based on IEEPA rates that are no longer enforceable [19][20].

Core Viewpoint - European stocks are anticipated to open lower due to the impact of U.S. President Donald Trump's new global tariffs policy, which has raised concerns about inflation and global growth [1][4]. Group 1: Market Reactions - The U.K.'s FTSE index is projected to open 0.2% lower, Germany's DAX down 0.7%, France's CAC 40 down 0.4%, and Italy's FTSE MIB down 0.45% [2]. - European markets had previously ended the last week higher following a Supreme Court ruling against a significant portion of Trump's tariffs, but the announcement of a new 15% global levy has reversed this trend [2]. Group 2: Tariff Details - Trump announced a new blanket global tariff of 15%, an increase from the previous 10%, stating that it would be "effective immediately" [3]. - The President indicated that further levies could be introduced in the future, emphasizing the need for retribution against countries he claims have been taking advantage of the U.S. [3]. Group 3: Stock Market Impact - U.S. stock futures declined as the new tariffs contributed to market uncertainty regarding inflation and global economic growth [4]. - In contrast, Asia-Pacific markets experienced gains despite the uncertainty surrounding the tariffs [4].

In this articleORCLAMZNMETAGOOGLHyperscalers are significantly ramping up their AI capex spending — and increasingly using credit markets to fund it. But investors say this shift is challenging mega-cap tech giants' so-called 'fortress balance sheet' status, and rips up what they call the "unspoken contract" that kept speculative AI spending largely separate from debt markets.After Amazon, Meta and Google-owner Alphabet all unveiled sizable increases in their full-year capex spending plans during earnings s ...