Stocks making the biggest moves midday: Eli Lilly, 3M, PayPal, Tesla and more

Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts' expectations for first-quarter adjusted earnings. The Indianapolis-based drugmaker also lifted its full-year guidance for adjusted earnings and revenue. 3M — Shares jumped 4% after the maker of industrial products and adhesives posted earnings of $2.39 per share on revenue of $7.

Current-quarter revenue is expected to come in higher than analysts anticipate. Amkor Technology — The semiconductor packaging company climbed nearly 7% after earnings and revenue topped analyst estimates. Earnings of 24 cents per share on $1.37 billion in revenue exceeded consensus forecasts of 11 cents and $1.36 billion, according to FactSet. Second quarter earnings and revenue guidance also topped expectations. Sysco — The wholesale restaurant supplier slipped 2.

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Eli Lilly’s weight loss drug Zepbound found to reduce sleep apnea, company saysBerkeley Lovelace Jr. is a health and medical reporter for NBC News. He covers the Food and Drug Administration, with a special focus on Covid vaccines, prescription drug pricing and health care. He previously covered the biotech and pharmaceutical industry with CNBC.
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