Before you call, check out the companies that are making headlines. Eli Lilly – Eli Lilly shares rose 2% after a panel of FDA advisers recommended approval of an Alzheimer’s disease drug known as donanemab. General Motors — The automaker’s shares rose more than 1% after its board of directors approved a $6 billion stock buyback program. Shopify — E-commerce shares rose about 1% after JPMorgan initiated coverage with an “outperform” rating. In a note to clients, the investment firm said the recent pullback in Spotify shares presents a buying opportunity. Apple — Apple shares fell less than 1% a day after the iPhone Worldwide Conference, where the company revealed its plans for artificial intelligence called Apple Intelligence. The company also said Siri will use OpenAI’s ChatGPT. DXC Technology. DXC Technology shares rose 3% after a Reuters report that Apollo Global and Kyndryl Holdings are making a joint bid for the information technology company, reportedly offering between $22 and $25 a share. GameStop – GameStop shares fell 1% before the bell, continuing their volatile move. Shares of the video game retailer fell about 12% on Monday, extending their decline from Friday, helped by a surprise earnings report and meme stock leader Keith Gill’s first livestream in several years. Calavo Growers shares jumped 15% after the avocado distributor beat its latest quarterly expectations. Calavo Growers reported second-quarter earnings of 50 cents per share on revenue of $184.4 million, beating the FactSet consensus estimate of earnings of 36 cents per share on revenue of $160.3 million. CEO Lee Cole explained the strong results of “improved prices and margins in our core avocado business as well as the tomato portfolio” and improved guacamole business. — CNBC’s Jesse Pound and Sarah Min contributed reporting.
