By admin Aug, 27, 2024 Stock Market
Dow Jones Hits Record High: The Dow Jones Industrial Average reached a new intraday record and closed up 65.44 points, despite the S&P 500 and Nasdaq Composite declining.Apple CFO Replacement: Apple announced that its CFO, Luca Maestri, will be replaced by Kevan Parekh on January 1, 2025. Apple shares the new CFO as well as plans for a product event on September 9, likely featuring new iPhones and Apple Watches.
Eli Lilly's New Drug Pricing: Eli Lilly released a cheaper version of its weight loss drug Zepbound, now available at nearly half the previous cost, aiming to make the drug more accessible to uninsured patients.
Paramount Global Media Bidding War Ends: Edgar Bronfman Jr. withdrew his $6 billion bid for Paramount Global, allowing Skydance Media to move forward with plans to acquire the company, pending regulatory approval.
Crypto Millionaires Surge: The number of individuals holding over $1 million in crypto assets has nearly doubled, driven by the growth of bitcoin ETFs, now holding over $50 billion in assets.
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