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Eli Lilly Expands Cardiometabolic Portfolio with $1.3 Billion Verve Therapeutics Deal
U.S.-based pharmaceutical major Eli Lilly and Co. $LLY has entered into a definitive agreement to acquire Verve Therapeutics Inc. $VERV, a clinical-stage biotech innovator focused on gene-editing therapies aimed at reducing low-density lipoprotein cholesterol (LDL-C), often labeled as “bad” cholesterol. The deal, valued at up to $1.3 billion, will see $1 billion paid upfront, with an additional $300 million contingent on clinical milestones. The acquisition underscores Eli Lilly’s intent to broaden its presence in the fast-growing cardiometabolic therapeutics sector, complementing its existing pipeline in diabetes, obesity, and cardiovascular health.
Trump Organization Ventures into U.S.-Branded Smartphones Amid Manufacturing Hurdles
The Trump Organization, helmed by Donald Trump Jr. and Eric Trump, is expanding its commercial portfolio with the launch of a branded smartphone. The device, known as the T1, will be marketed as a “sleek, gold smartphone” and is priced at $499 USD. According to the announcement, it will be “proudly designed and built in the United States”, a positioning that reflects both political symbolism and a strategic attempt to differentiate it from market-dominating devices like Apple’s iPhone 16 Pro Max $AAPL, which retails for $1,199 USD and is primarily manufactured in China.
Interesting to see a slight dip in output, but Marathon Digital’s substantial holdings showcase their strong position in the crypto mining landscape.