Intel Falls, Eli Lilly Drops, DoorDash Rises on Rosy Outlook
On this episode of Stock Movers:
- Intel (INTC) shares fall after US President Donald Trump calls for the chipmaker’s chief executive officer to resign, because of what he called conflicts of interest. This adds to the challenges for a company that is supposed to anchor restoration of the US semiconductor industry.
- Eli Lilly (LLY) shares drop after its' new weight-loss pill had lower weight loss and higher rates of nausea and vomiting than anticipated in a study, according to the company. Lilly’s sky-high valuation is tied in part to eventually turning its weight-loss pill into a blockbuster
- DoorDash (DASH) shares rise after the company issued an outlook for orders in the third quarter that surpassed Wall Street’s expectations. It's a sign that demand for its services remains resilient despite broader concerns about consumer spending.
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