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Boeing Shares Tumble 30% in First Half

Boeing has experienced a challenging first half of 2024, with shares plummeting by 30% since the beginning of the year. The aerospace company’s troubles began with a critical incident in January when a door panel malfunctioned mid-flight on its 737 Max 9 aircraft operated by Alaska Airlines. This incident prompted an investigation by the National Transportation Safety Board, which accused Boeing of violating regulations by sharing information about the investigation. Additionally, in May, the Justice Department accused Boeing of breaching a 2021 settlement related to two fatal crashes involving its 737 Max planes. The situation escalated as Boeing’s CEO faced backlash from a Senate panel earlier this month, leading him to announce his resignation by the year’s end. Furthermore, Boeing’s quarterly earnings report in April revealed financial challenges as the company struggled to stabilize production.

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Lilly Shares Tally a 56% Gain in First Half of the Year, Alzheimer’s Drug Approval Expected Soon

Eli Lilly’s shares have surged by nearly 56% in the first half of 2024, continuing the momentum from the previous year. The growth in stock value is attributed to the excitement surrounding the potential approval of the company’s anti-obesity medication. Looking ahead, investors are eagerly anticipating the Food and Drug Administration’s approval of Eli Lilly’s Alzheimer’s disease treatment, donanemab. Analysts predict that this approval could lead to a flat or slightly upward trend in the company’s shares. Morgan Stanley has issued an overweight rating on the stock with a price target suggesting a 12% upside from the previous closing price.

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