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Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including Eli Lilly's (LLY) declining share price despite topping first quarter earnings estimates, CVS Health's (CVS) recent earnings beat, and chipmaker Qualcomm (QCOM) issuing soft guidance over concerns around tariff pressures on smartphone demand.
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It's time for Yahoo! Finance's Market Minute. Stocks rally as tech remains resilient in the face of tariffs. Eli Lilly shares fall as the drug maker lowers its full-year profit outlook, despite topping first-quarter estimates as demand for the company's weight loss drug surged. The company also taking a hit after CVS announced a deal with Novo Nordisk, making Wegovy its preferred weight loss drug and dropping Eli Lilly's Mounjaro. Speaking of CVS, shares are rising after the company topped expectations in its first quarter and said it will withdraw from the Affordable Care Act exchange business next year, a unit where it's losing money. And Qualcomm shares slip after issuing a disappointing revenue forecast, fueling fears that tariffs will hinder demand for its products. Qualcomm makes a lot of the chips for smartphones. We'll get another check of the sector with Apple earnings after the close today. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, you can scan the QR code below to track the best and worst performing stocks of the session.
