WS #15884
Capital is rotating into defensive healthcare stocks, with UnitedHealth and Eli Lilly rallying as investors seek visibility that is independent of interest rates. In contrast, Netflix is cutting 6% of its global workforce, its largest layoff since 2022, reflecting ongoing pressure in the streaming sector. Meanwhile, Apple faces a high-profile lawsuit from OpenAI alleging an ex-employee stole product plans, adding a layer of legal risk to the tech giant's already strong performance.
Corporate Earnings and Strategy
Capital is rotating into defensive healthcare stocks, with UnitedHealth and Eli Lilly rallying as investors seek visibility that is independent of interest rates. In contrast, Netflix is cutting 6% of its global workforce, its largest layoff since 2022, reflecting ongoing pressure in the streaming sector. Meanwhile, Apple faces a high-profile lawsuit from OpenAI alleging an ex-employee stole product plans, adding a layer of legal risk to the tech giant's already strong performance.