News

Lennar Corporation reported first-quarter earnings of $2.14 per share, exceeding analyst expectations of $1.73, but its stock price fell 4.18% in after-hours trading due to lower-than-expected average sales prices and margins. Despite the decline, the company remains optimistic about its future prospects and continues to focus on its strategic goals.

Elon Musk and Senator Ted Cruz discussed the possibility of smoking marijuana on Cruz's podcast, "Verdict with Ted Cruz," with Musk playfully referencing his birthday being 69 days after 4/20, the cannabis holiday. Musk, who now supports mandatory drug testing for federal employees, previously faced backlash and consequences for smoking marijuana on Joe Rogan's podcast in 2018.

Eli Lilly's weight-loss drug Mounjaro is now available in India at a lower price compared to the US, giving the company an early advantage in the growing market. Despite facing competition from Indian pharmaceutical companies developing generic versions, Lilly's strategic move could significantly contribute to its future growth.

On-chain investigator ZachXBT has linked the Hyperliquid whale, a trader who profited $20 million through high-leverage crypto trades, to British online fraudster William Parker, who was previously arrested for stealing $1 million from casinos in Finland. The investigation raises concerns about the use of stolen funds in decentralized finance platforms and highlights the ongoing challenges in tracking illicit crypto transactions.

Peter Schiff, a vocal Bitcoin critic, warns that the strategic Bitcoin reserve is a tool to trick Americans into speculative losses, specifically targeting President Trump and the TRUMP meme coin as examples of misplaced hype. Schiff believes this reserve will lead to more Americans losing money in crypto than in any other speculative mania in history.