LLY Aug 2024 980.000 call
| Previous close | 10.00 |
| Open | 10.00 |
| Bid | 9.00 |
| Ask | 10.15 |
| Strike | 980.00 |
| Expiry date | 2024-08-16 |
| Day's range | 10.00 - 10.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 4 |
- Yahoo Finance Video
ISM Services PMI beat, Eli Lilly CFO to join Alphabet: Catalysts
On today's episode of Catalysts, Yahoo Finance's Madison Mills breaks down key economic data and major tech news, from Alphabet's new CFO to AI regulation. May's ISM Services PMI beat expectations, coming in at 53.8 against the expected 51. Meanwhile, the ADP National Employment Report showed private payroll growth slowed in May. FS Investments Chief US Economist Lara Rhame explains that despite the mixed data, the current economy is strong and adds, "Against that backdrop, there's no urgency for the Fed to cut rates. I think they want to get it done. I think it may not happen until after the election, and today's data doesn't really change my view of that." Alphabet (GOOGL, GOOG) announced that the current executive vice president and CFO of Eli Lilly (LLY), Anat Ashkenazi, will become the tech giant's new CFO effective July 31. Mizuho Senior Analyst Jared Holz breaks down Ashkenazi's qualifications, explaining, "I think just being able to navigate what has become an enormous company in Lilly ... $800 billion of market cap, trumps every other peer by a pretty wide margin." Bank of America Securities Senior Internet Technology Analyst Justin Post adds that Ashkenazi is joining Alphabet during a "good cost trajectory," as the company beat earnings expectations last quarter and executed small layoffs. On the AI front, tech employees are advocating for heightened oversight and regulation. Former and current employees from AI giants like OpenAI, Alphabet's Google (GOOG, GOOGL), and Anthropic have released an open letter highlighting concerns about the lack of governance to ensure the safe development of AI technologies. Appian (APPN) CEO Matt Calkins supports the letter, calling it "an extremely responsible step." This comes as Qualcomm (QCOM) is set to roll out Arm-based (ARM) chips in AI PCs. This post was written by Melanie Riehl
- Yahoo Finance Video
Alphabet taps Eli Lilly executive as new CFO
Alphabet (GOOGL, GOOG) announced Anat Ashkenazi, the current executive vice president and CFO of Eli Lilly (LLY), will become the tech giant's new CFO effective July 31. Mizuho senior analyst Jared Holz joins Yahoo Finance reporter Anjalee Khemlani to discuss the outlook on this decision. Holz highlights the difficulty of simultaneously running a pharmaceutical business while delivering outstanding stock price performance, as Eli Lilly's trajectory demonstrates. He states, "For a 'Mag Seven' name like Google to be interested is not all that surprising." As for Ashkenazi's qualifications to transition from the healthcare sector to the tech industry, Holz says, "I think just being able to navigate what has become an enormous company in Lilly ... $800 billion of market cap, trumps every other peer by a pretty wide margin." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
FortuneAlphabet’s next CFO Anat Ashkenazi ‘fills a void’ for the company at key time during AI Revolution, says top analyst
Ashkenazi is a 23-year veteran of Eli Lilly and Company.
