McKinsey: AI Could Boost Bank Earnings

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💵 💵 Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, according to McKinsey consultants
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Eli Lilly: Cheaper Weight Loss Drug

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💉 💉 Eli Lilly’s #Zepbound costs $1,059.87 for a month’s supply before rebates. That’s cheaper than Wegovy, a similar weight-loss shot made by Novo Nordisk, which is $1,349 for a month’s supply
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EM Stocks Overtake China

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🌍 🌏 Emerging market stocks are trading at the highest level against their Chinese counterparts in a quarter of a century
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McDonald’s: Fasten Your Seatbelts

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🍔 🍔 Event Alert: McDonald’s is expected to share new details about its accelerated expansion plans, a new spinoff brand called CosMc’s and digital strategy at its investor day on Wednesday
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Germany: 10-Year Bond Yield Plunges

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🇩🇪 🇩🇪 Germany’s 10-year bond #yield has dropped to its #lowest level since June
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Job Openings Plunge

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🇺🇸 🇺🇸 BREAKING: Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
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J&J Is Undervalued

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🚨 🚨 Johnson & Johnson is targeting sales growth of as much as 7% a year in the coming years, driven by its innovative medicine and MedTech operations
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Goldman: Brace For A Pullback In Stocks

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🇺🇸 🇺🇸 Goldman: Brace for a pullback in stocks as the propellants powering last month’s rally are disappearing fast, according to a Goldman Sachs Group Inc. tactical specialist who tipped the November surge in markets
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Barclays: Qatari Wealth Fund Sells Off 50% Stake

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🇶🇦 🇶🇦 Barclays Plc shares fell as much as 4.5% after Qatar’s wealth fund sold almost half of its stake, a surprise move that adds to the pressure on CEO C.S. Venkatakrishnan in the months running up to the bank’s strategy presentation to investors
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Putin And Saudis To Discuss OPEC Cooperation

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🛢️ 🛢️ Russia says Putin and Saudi crown prince is to discuss OPEC+ cooperation
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