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Eli Lilly to Invest $27 Billion in New U.S. Manufacturing

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Eli Lilly to Invest  Billion in New U.S. Manufacturing

Eli Lilly to Invest $27 Billion in US Manufacturing Sites, Ties Move to Trump’s Policies

Eli Lilly said it will invest at least $27 billion to build four new manufacturing sites in the U.S., as demand for its blockbuster weight loss and diabetes injections soars and the company develops new drugs for other conditions.

The announcement comes as drugmakers and companies across different industries work to build goodwill with President Donald Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains. He has threatened companies — and pharmaceutical businesses in particular — with tariffs if they do not manufacture products in the U.S.

The company made the announcement at an event in Washington, D.C., emphasizing the political undertones of the strategy. The event featured several speakers from the Trump administration, including Kevin Hassett, director of the White House National Economic Council, and Commerce Secretary Howard Lutnick, who explicitly tied the announcement to Trump’s policies.

The Largest Pharmaceutical Expansion Investment in U.S. History

The move brings Eli Lilly’s total U.S. manufacturing investments to more than $50 billion in recent years. The company’s CEO, David Ricks, called the investment "the largest pharmaceutical expansion investment in U.S. history." The new sites will create more than 3,000 jobs for workers such as engineers and scientists, along with 10,000 construction jobs as the plants are built.

Future Sites and Pipeline

Eli Lilly has not decided on the location of the four new U.S. sites, but will be accepting location submissions through March 13 and will announce decisions on new sites in the coming months. The company is optimistic about its pipeline across therapeutic areas, including cardiometabolic health, oncology, immunology, and neuroscience.

The new investments build on the success of Zepbound and Mounjaro, which share dominance of the booming market for so-called GLP-1 drugs with Novo Nordisk’s weight loss drug Wegovy and diabetes treatment Ozempic.

Counterfeit and Compounded Medications

Ricks took a shot at cheaper compounded versions of its injectable drugs, saying "America faces a growing threat from an influx of counterfeit and compounded medications." The company’s efforts to boost the supply of Zepbound and Mounjaro aim to ensure that eligible patients are safely accessing those branded treatments instead of cheaper compounded versions.

Conclusion

Eli Lilly’s $27 billion investment in the U.S. aims to address the growing demand for its blockbuster weight loss and diabetes injections, while also aligning with President Trump’s policies on reshoring manufacturing and reducing reliance on foreign supply chains. The company’s efforts to boost the supply of Zepbound and Mounjaro will ensure that eligible patients are safely accessing those branded treatments instead of cheaper compounded versions.

Frequently Asked Questions

Q: What is the total investment by Eli Lilly in the U.S. manufacturing sites?
A: The company’s total U.S. manufacturing investments are more than $50 billion in recent years.

Q: How many jobs will be created by the new manufacturing sites?
A: The new sites will create more than 3,000 jobs for workers such as engineers and scientists, along with 10,000 construction jobs as the plants are built.

Q: What are the locations of the new U.S. manufacturing sites?
A: Eli Lilly has not yet decided on the locations of the four new U.S. sites, but will be accepting location submissions through March 13 and will announce decisions on new sites in the coming months.

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Global Trends and Politics

Protecting Yourself from Discrimination: A Guide to Employment Law

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Protecting Yourself from Discrimination: A Guide to Employment Law

As an employee, it is essential to be aware of your rights and the policies in place to protect you from discrimination in the workplace. Discrimination can take many forms, including racial, gender, age, and disability discrimination, among others. In this guide, we will explore the different types of discrimination, the laws that protect employees, and what you can do to protect yourself from discrimination.

The Different Types of Discrimination

There are many types of discrimination that can occur in the workplace, including:

Racial Discrimination

Racial discrimination occurs when an employee is treated unfairly because of their race, skin color, or national origin. This can include being passed over for promotions, being subjected to harsher treatment, or being excluded from opportunities.

Gender Discrimination

Gender discrimination occurs when an employee is treated unfairly because of their gender, gender identity, or gender expression. This can include being paid less, being given fewer opportunities, or being subjected to harassment or sexual harassment.

Age Discrimination

Age discrimination occurs when an employee is treated unfairly because of their age. This can include being passed over for promotions, being subjected to ageist stereotypes, or being forced to retire early.

Disability Discrimination

Disability discrimination occurs when an employee is treated unfairly because of their disability or perceived disability. This can include being denied accommodations, being subjected to harassment, or being excluded from opportunities.

The Laws That Protect Employees

There are many laws that protect employees from discrimination, including:

The Civil Rights Act of 1964

The Civil Rights Act of 1964 prohibits discrimination in employment based on race, color, religion, sex, or national origin. It also prohibits discrimination based on age, race, or sex in employment, education, or housing.

The Americans with Disabilities Act (ADA)

The ADA prohibits discrimination in employment, transportation, and public accommodations based on disability. It also requires employers to provide reasonable accommodations for employees with disabilities.

The Age Discrimination in Employment Act (ADEA)

The ADEA prohibits discrimination based on age in employment, including hiring, promotion, and termination.

What You Can Do to Protect Yourself from Discrimination

There are many steps you can take to protect yourself from discrimination in the workplace, including:

Know Your Rights

It is essential to know your rights and the laws that protect you. Educate yourself on the different types of discrimination and the laws that prohibit it.

Report Incidents

If you experience or witness discrimination, report it immediately. This can include reporting to HR, a supervisor, or a union representative.

Document Everything

Keep a record of any incidents, including dates, times, and details of what happened. This can be useful if you need to file a complaint or take legal action.

Seek Support

Seek support from colleagues, a therapist, or a support group. Having a network of people who understand what you are going through can be invaluable.

Conclusion

Discrimination in the workplace is a serious issue that can have lasting effects on an individual’s well-being and career. By understanding the different types of discrimination, the laws that protect employees, and what you can do to protect yourself, you can take steps to prevent discrimination and create a more inclusive and respectful workplace.

FAQs

What is discrimination?

Discrimination is the act of treating someone unfairly or unfavorably because of their race, gender, age, disability, or other characteristics.

What are the different types of discrimination?

There are many types of discrimination, including racial, gender, age, and disability discrimination, among others.

How do I report discrimination?

You can report discrimination to HR, a supervisor, or a union representative. It is essential to document everything and seek support from colleagues or a therapist.

What are my rights as an employee?

As an employee, you have the right to be free from discrimination and harassment in the workplace. You also have the right to a safe and inclusive work environment, and to be treated fairly and with respect.

How do I know if I’m experiencing discrimination?

If you experience or witness discrimination, report it immediately. You can also seek support from colleagues, a therapist, or a support group.

What can I do if I’m experiencing discrimination?

There are many steps you can take to protect yourself from discrimination, including knowing your rights, reporting incidents, documenting everything, and seeking support from colleagues or a therapist.

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Global Trends and Politics

Lowe’s Q4 2024 Earnings

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Lowe’s Q4 2024 Earnings

A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City.

Spencer Platt | Getty Images

Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales slump should end in the year ahead.

The home improvement retailer said it expects full-year total sales to range from $83.5 billion to $84.5 billion, which on the upper end would be higher than its total revenue of $83.67 billion for fiscal 2024. It said it expects comparable sales to be flat to up 1% year over year and earnings per share to range from approximately $12.15 to $12.40.

A tough housing market

On the company’s earnings call, CEO Marvin Ellison stressed that Lowe’s still faces "a challenging home improvement market." He said high mortgage rates have created "a significant gap between today’s rates for homebuyers and the lower rates many homeowners currently enjoy,." That’s led to a "lock-in effect" that’s kept consumers from buying and selling, he said.

How Lowe’s is trying to grow sales

With that tougher backdrop in mind, Lowe’s has tried to move the needle by investing in its online business, attracting more sales from contractors, electricians and other pros and expanding value-driven offers for homeowners.

Sales of major appliances, a category often driven by purchases after an item gets old or breaks, grew in the quarter compared to the year-ago period, said Bill Boltz, executive vice president of merchandising, on the company’s earnings call. He said Lowe’s has doubled the number of next-day deliveries over the past few years, and it can deliver and install major appliances the next day in almost every U.S. zip code.

Lowe’s strategy

Lowe’s has also launched a new private brand called Lowe’s Essentials with products that cost $10 or less, such as closet hangers, gardening tools and water cans, Boltz said on the earnings call. Those items are on display near the front of stores.

The company has also launched a loyalty program for DIY customers. So far, it’s attracted 30 million members, and they are outspending non-members by nearly 50%, Boltz said on the earnings call.

A look at the competition

Lowe’s competitor, Home Depot, narrowly beat Wall Street’s fourth-quarter estimates on Tuesday and also snapped an eight consecutive quarter losing streak with comparable sales.

Yet Home Depot CFO Richard McPhail said the company doesn’t expect the housing market or mortgage rates to change. Instead, he told CNBC that he thinks consumers will gradually get used to elevated rates as "a new normal."

Conclusion

Lowe’s has faced a challenging home improvement market, but the company is working to position itself for growth. By investing in its online business, attracting more sales from contractors and other pros, and expanding value-driven offers for homeowners, Lowe’s is looking to capitalize on the home improvement recovery.

Frequently Asked Questions

Q: What are Lowe’s expectations for full-year sales?
A: Lowe’s expects full-year total sales to range from $83.5 billion to $84.5 billion.

Q: What are Lowe’s expectations for comparable sales?
A: Lowe’s expects comparable sales to be flat to up 1% year over year.

Q: What are Lowe’s expectations for earnings per share?
A: Lowe’s expects earnings per share to range from approximately $12.15 to $12.40.

Q: How is Lowe’s addressing the challenging home improvement market?
A: Lowe’s is investing in its online business, attracting more sales from contractors and other pros, and expanding value-driven offers for homeowners.

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Global Trends and Politics

The Potential Benefits of Labor Law Reforms for Employers and Employees Alike

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The Potential Benefits of Labor Law Reforms for Employers and Employees Alike

The Need for Change

The labor market is constantly evolving, with technological advancements, globalization, and shifting societal values redefining the way we work. As a result, labor laws need to adapt to these changes to ensure a fair and equitable environment for both employers and employees. Labor law reforms can foster a more collaborative and productive work environment, benefiting both parties. In this article, we’ll explore the potential benefits of labor law reforms and how they can transform the way we work.

A New Era of Collaboration

Labor law reforms can bring about a new era of collaboration between employers and employees. By streamlining regulations, simplifying compliance, and promoting flexibility, these reforms can lead to increased productivity, better work-life balance, and improved employee satisfaction. For instance, the introduction of flexible work arrangements, such as telecommuting or compressed workweeks, can help employees balance their personal and professional responsibilities, leading to increased job satisfaction and reduced turnover rates.

Benefits for Employers

Labor law reforms can also bring numerous benefits for employers. By simplifying compliance and reducing administrative burdens, reforms can help employers focus on what matters most – growing their business and creating value for their customers. For instance, the elimination of unnecessary regulations can free up resources for investment in employee development, innovation, and customer service. Additionally, reforms that promote worker flexibility can lead to increased employee retention and reduced recruitment costs.

Benefits for Employees

For employees, labor law reforms can bring about significant benefits, including improved work-life balance, increased flexibility, and better protection of their rights. For instance, reforms that promote equal pay for equal work can help bridge the gender pay gap and promote a more equitable work environment. Similarly, reforms that protect workers from exploitation and provide a safe and healthy work environment can lead to improved physical and mental well-being.

Real-World Examples

Labor law reforms are already being implemented in various parts of the world, with promising results. For example, the Swedish labor market is renowned for its flexible and inclusive work culture, with a strong emphasis on work-life balance and employee well-being. Similarly, the introduction of the 40-hour workweek in Germany has led to improved work-life balance and increased productivity. These examples demonstrate that labor law reforms can lead to a more collaborative and productive work environment, benefiting both employers and employees.

Challenges and Concerns

While labor law reforms hold much promise, there are also challenges and concerns to be addressed. For instance, the introduction of new regulations can be complex and time-consuming, requiring significant resources and expertise. Additionally, there may be concerns about the potential impact on small and medium-sized enterprises (SMEs), which may struggle to comply with new regulations. To mitigate these concerns, it’s essential to engage with stakeholders, conduct thorough impact assessments, and provide targeted support to SMEs.

Conclusion

In conclusion, labor law reforms have the potential to transform the way we work, promoting a more collaborative and productive environment that benefits both employers and employees. By streamlining regulations, simplifying compliance, and promoting flexibility, reforms can lead to increased productivity, better work-life balance, and improved employee satisfaction. As the labor market continues to evolve, it’s crucial to stay ahead of the curve and adapt to changing needs and expectations. By embracing labor law reforms, we can create a more equitable and prosperous work environment for all.

FAQs

Q: What are the benefits of labor law reforms for employers?

A: Labor law reforms can simplify compliance, reduce administrative burdens, and promote flexibility, leading to increased productivity, employee retention, and reduced recruitment costs.

Q: How can labor law reforms improve work-life balance for employees?

A: Reforms that promote flexible work arrangements, equal pay for equal work, and a safe and healthy work environment can lead to improved work-life balance, increased job satisfaction, and reduced turnover rates.

Q: What are the challenges of implementing labor law reforms?

A: Implementing labor law reforms can be complex and time-consuming, requiring significant resources and expertise. There may also be concerns about the potential impact on SMEs, which may struggle to comply with new regulations.

Q: How can labor law reforms promote a more collaborative work environment?

A: By streamlining regulations, simplifying compliance, and promoting flexibility, labor law reforms can foster a more collaborative work environment, leading to increased productivity, better communication, and improved employee engagement.

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