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Eli Lilly reported that its experimental combination obesity treatment produced greater weight loss than tirzepatide alone in a mid-stage trial, with plans to advance the therapy into Phase 3 studies by year-end.
Gap’s stock surged 12% after the company named a new CEO for its struggling Old Navy division, effective in November, as it seeks to reverse declining sales performance.
Marvell Technology shares fell 6% on Friday despite reporting 37% revenue growth and raising its fiscal 2028 outlook to $18 billion, as investors deemed the guidance insufficient.
BYD shares declined nearly 5% in Hong Kong after the Chinese EV maker reported first-half earnings showing revenue fell 7.1% while net profit dropped 20.5% amid fierce industry competition.
Palo Alto Networks beat quarterly estimates as AI security concerns drive customer demand for its cybersecurity tools, though shares fell in extended trading following earnings.
Broadcom shares rose in extended trading after issuing an optimistic fiscal year outlook and highlighting growing business with artificial intelligence laboratories.
