M&S defies the grocery gloom as mid-market rivals are squeezed

Eli Lilly CEO Dave Ricks reported 700,000 new seniors started GLP-1 treatments since Medicare coverage began, with 70% on Lilly drugs. Zepbound and Foundayo are key products. Ricks called the rollout encouraging, noting Lilly's strong market share.

Studies show RSV vaccines from GlaxoSmithKline and Pfizer are highly effective in older adults, mirroring clinical trial results. The vaccines performed similarly, and their efficacy remained high even after adjusting for healthcare access. Researchers are now studying the need for booster shots.

The Pentagon awarded Boeing (BA) a $562M contract for MQ-25A Stingray production, while Lockheed Martin (LMT) received $1.3B for missile and artillery contracts. Boeing's contract marks the start of production for its delayed unmanned aerial refueling aircraft. Lockheed's awards focus on long-range weapons and artillery. Both companies are involved in the Stingray program, with Lockheed providing mission control systems.

SK hynix's ADR (SKHY) was added to major U.S. and Korean ETFs, including the MVIS U.S. Listed Semiconductor 25 Index and VanEck's SMH ETF, with a 4.8% weight. This inclusion is expected to drive about $3.36 billion in capital inflows from the SMH ETF alone. The price disparity between the ADR and the domestic stock is also under focus, with a 39.2% difference as of Sept. 18.

Tanzania's $42 billion LNG project, involving Equinor, ExxonMobil, and Shell, is nearing a Final Investment Decision (FID) within weeks, according to industry sources. The project aims to develop offshore gas reserves and position Tanzania as an LNG exporter to European and Asian markets. Progress on commercial terms and tax framework has cleared major hurdles, with binding contracts remaining.

EnBW, Allianz, AIP Management, and Norges Bank Investment Management inaugurated Germany's largest offshore wind farm, He Dreiht, with 64 turbines and 960 MW capacity. Financed through long-term PPAs, it can power 1.1 million households. EnBW holds 50.1% ownership, with the consortium owning 49.9%. The project cost 2.4 billion euros and is key for Germany's energy transition and security.