Costco beats revenue estimates as restrictions ease

Membership-only retail chain Costco Wholesale Corp (COST.O) reported quarterly revenue on Thursday that beat analysts’ estimates and said it was optimistic about sustained demand for high-margin items, such as jewelry and home furnishings.

EXCLUSIVE U.S. opens criminal probe into alleged lapses at Eli Lilly plant

The U.S. Justice Department has launched a criminal investigation into Eli Lilly and Co (LLY.N) focused on alleged manufacturing irregularities and records tampering at a factory in Branchburg, New Jersey, that produces the pharmaceutical giant’s COVID-19 therapy and other drugs, three people familiar with the matter said.

Nikkei to reach 30-year high on economic reopenings

Japanese shares are expected to recover and reach a 30-year peak by the end of year as an acceleration of vaccinations after initial delays helps the economy to reopen, according to respondents in a Reuters poll.

U.S. business borrowings jump 19% in April – ELFA survey

U.S. companies borrowed $9.8 billion for capital investments in April, up 19% from a year earlier, benefiting from an economic recovery triggered by mass COVID-19 vaccinations and easing restrictions, the Equipment Leasing and Finance Association (ELFA) said.