Global easing gains steam as Bank of England cuts

The Bank of England's surprising rate cut to 5% has sparked debates about global monetary policies. Hershey faces a downturn in sales, raising questions about consumer behavior. Meanwhile, Eli Lilly’s new weight-loss drug shows promise by reducing heart failure risk. Jobless claims are at their highest since November 2021, signaling potential economic challenges. Arm Holdings struggles after disappointing Q1 results, leaving investors concerned about future guidance.