Amazon reported its highest first-quarter profit on Tuesday as it continued to wring efficiencies out of its retail business and recharge growth in its cloud computing operations. The company was also for the first time on track to have $100 billion in annual cloud computing sales. The company had $143.3 billion in revenue in the…
The pharmaceutical manufacturer Eli Lilly announced on Wednesday that its obesity drug tirzepatide, or Zepbound, provided considerable relief to overweight or obese people who had obstructive sleep apnea, or episodes of stopped breathing during sleep. The results, from a pair of yearlong clinical trials, could offer a new treatment option for some 20 million Americans…
Meta on Thursday reported a 25 percent increase in quarterly revenue while profit more than tripled, a rise fueled by its ads business after a shaky 18 months of layoffs and a rocky digital advertising market. The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, also said it would issue its first dividend, of…
Two weeks ago, Microsoft topped Apple as the most valuable public company. Last week, it surpassed $3 trillion in market valuation. Next week, Satya Nadella will hit his 10th anniversary as the company’s chief executive. For Microsoft, the pressure to keep delivering is on. In particular, investors are looking for the company to cash in…
