economy
Biggest winner of the amended Microsoft-OpenAI deal
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Nvidia is on pace for a record close as some AI stocks give back gains.
- Oil prices and Treasury yields are inching higher.
- OpenAI's amended agreement allows it to serve customers across any cloud provider, potentially benefiting Amazon Web Services.
- Eli Lilly acquired Ajax Therapeutics for up to $2.3 billion to expand its portfolio beyond GLP-1s.
- Leerink significantly cut Eli Lilly's price target due to competitive pressures on its oral GLP-1 Foundayo.
- Several major tech companies, including Amazon, Microsoft, Alphabet, and Meta, are set to report first-quarter earnings.
- Corning is expected to announce a significant partnership with a hyperscaler.
- Economic data includes the Conference Board's consumer confidence index.