Novo Nordisk A/S and Eli Lilly & Co. shares fell Tuesday. US President Joe Biden continued his push for cheaper drugs by demanding price cuts. The companies are charging “unconscionably high prices” that are above those paid in other countries.

Peloton secured a new $1 billion term loan, raised $350 million in convertible senior notes. The refinance reduced Peloton's debt from about $1.75 billion to around $ 1.55 billion. The company still has a long road ahead to fix its business and get back to profitability.

"There's very little likelihood that there isn't competition out there [for Nvidia]," Goldman Sachs portfolio manager Brook Dane said. Dane foresees strength in data centers with the capability to run large language models (LLMs), which lifts up ASIC manufacturers who supply chips needed for data infrastructure.

Since the debate aired the evening of June 27, the S&P 500, Nasdaq Composite and Dow Jones Industrial Average are only down fractionally. Shares of market leader Apple (AAPL) have gained about 1.6%. Morgan Stanley strategist Mike Wilson says he received client interest to rotate into 2016 "Trump Trades" in the cyclical and small-cap space.

Detroit automaker on Tuesday reported sales of 696,086 for the second quarter. That's up 0.6% from a year earlier and its highest quarterly units sold since the fourth quarter of 2020. Forecasters expect second-quarter sales industrywide, which included July 1, to be roughly level.

The proceeds came during a 12-day stretch starting June 20. Trump Media says it has more than $350 million in cash and no debt on its balance sheet. The company has a multibillion-dollar market capitalization despite its paltry revenue. Trump, who owns about 65% of the company's shares, was found guilty of 34 counts of falsifying business records.

Fintech startups like Yotta promised customers the best of both worlds. But the collapse of a fintech middleman called Synapse has revealed that promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked out of their accounts.

Federal Reserve Chair Jerome Powell spoke at a central banking forum in Sintra, Portugal. Powell: "We want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening policy" The Fed spent much of the past year worried that cutting rates too soon and allowing inflation to resume its upward trek posed the greater risk.

Powell will join ECB President Christine Lagarde and Brazil Central Bank Governor Roberto Campos Neto at the ECB Forum on Central Banking in Sintra, Portugal. The forum happens with investors closely watching how central bank policymakers will react to inflation dynamics around the world. In the U.S., the Powell-led Fed has kept its main policy rate steady for the past year.

EverPass Media, the joint venture between the league and private equity firm RedBird Capital Partners, has acquired UPshow. UPshow allows bars, restaurants, casinos and other businesses to stream "Sunday Ticket" games. Until recently, they could only do so through a subscription to satellite TV provider DirecTV.

EverPass Media, the joint venture between the league and private equity firm RedBird Capital Partners, has acquired UPshow. UPshow allows bars, restaurants, casinos and other businesses to stream "Sunday Ticket" games. Until recently, they could only do so through a subscription to satellite TV provider DirecTV.