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Eli Lilly 1st health company to hit $1 trillion in value

Eli Lilly and Company CEO Dave Ricks pictured April 2024 during the groundbreaking ceremony for Eli Lilly’s Germany-based production facility in Alzey. The company is currently riding on the popularity of its Zepbound weightloss inject and Mounjaro, which is Eli’s diabetes treatment. File Photo Provided by Ronald Wittek/EPA

Nov. 21 (UPI) — Healthcare giant Eli Lilly on Friday became the first global healthcare company to hit $1 trillion in value.

The Indiana-based company hit the $1 trillion market capitalization threshold for a brief period at roughly $1,061 a share during morning hour trading before it scaled back.

Warren Buffett’s Berkshire Hathaway was the first known non-tech company to reach the trillion-dollar valuation mark.

The company is currently riding on the popularity of its Zepbound weightloss inject and Mounjaro, which is Eli’s diabetes treatment.

Eli Lilly has long been a player in the pharmaceutical industry for more than 100 years, introducing such medication as Prozac in the early 1990s and the Humulin insulin drug.

In June, Eli revealed its billion-dollar buyout of Boston-based Verve Therapeutics to advance Verve’s new line of experimental cardiac health drugs.

Meanwhile, a medical and science expert pointed out that American citizens currently “are getting slammed by medical bills and rising care costs.”

“One in four is in medical debt. Eli Lilly just hit a $1 trillion valuation. Two realities, same healthcare system,” Dr. Carolyn Barber posted Friday on X.

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CJ Olive Young to open 1st U.S. outlet in May

CJ Olive Young, South Korea’s leading beauty and wellness retailer, said Wednesday it will open its first U.S. outlet in California in May next year. Photo courtesy of CJ Olive Young

CJ Olive Young Corp., the distribution unit of South Korea’s food-to-cosmetics conglomerate CJ Group, said Wednesday it will open its first U.S. outlet in California in May next year.

The store will be located in Pasadena, a city about 18 kilometers northeast of Los Angeles, with several additional locations set to open in California by the end of next year, the company said in a press release.

“The location is expected to attract Younger consumers interested in K-beauty products, as well as high-income customers in an area near the California Institute of Technology and other research organizations,” the company said.

In February, CJ Olive Young established CJ Olive Young USA in Los Angeles to bolster its presence in the world’s largest beauty market.
The company views Japan and the United States as key strategic markets for its global expansion amid rising global interest in K-beauty.

Last year, it opened an office in Japan to supply its cosmetic products to local distribution channels.

CJ Olive Young currently sells products in global markets only through online platforms, without operating any offline stores overseas.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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Chinese hackers hijack Anthropic AI in 1st ‘large scale’ cyberattack

Nov. 14 (UPI) — Tech giant Anthropic confirmed Chinese actors managed to seize control of its AI model Claude to execute a large cyberattack with little human interaction.

On Thursday, Anthropic officials said in a blog post in mid-September it detected “suspicious activity” that a later investigation determined was a “highly sophisticated espionage campaign.”

It added Anthropic had “high” confidence it was a China-backed cyber group.

The Chinese state-sponsored syndicate, which Anthropic called “GTG-1002,” reportedly hijacked its artificial intelligence tool Claude in order to handle between 80% to 90% of a cyberattack on about 30 global targets.

According to Anthropic, it targeted a slew of government agencies, financial institutions, chemical-manufacturing plants and big tech firms.

In a “small number” of cases, the company added, the cyber infiltration was successful.

AI-related hacking has been seen in recent years to a limited degree. But Amazon-backed Anthropic says it believed this recent episode is the first documented “large-scale” case primarily run by AI capability.

Anthropic claimed safeguards in place were designed to prevent abuse of its product.

But it said hijackers, claiming to be acting as defense testing for a legitimate cybersecurity firm, jailbroke Claude by breaking down prompts into smaller requests to avoid detection.

Anthropic said it opted to share the information in order to help the cybersecurity industry improve its defense mechanisms against similar attacks in the future by AI hackers.

“The sheer amount of work performed by the AI would have taken vast amounts of time for a human team,” according to California-based Anthropic.

The tech company said it’s likely the attack only required sporadic human interaction at “perhaps” four to six “critical decision points” per hacking campaign.

“The AI made thousands of requests per second — an attack speed that would have been, for human hackers, simply impossible to match,” the blog post continued.

“Automated cyber-attacks can scale much faster than human-led operations and are able to overwhelm traditional defenses,” Jake Moore, global cybersecurity advisor for internet security firm ESET, told Business Insider.

Last year in February, Microsoft and OpenAI publicly revealed that its artificial intelligence tools were being deployed by foreign government hackers in China, Russia, Iran and North Korea to improve cyber warfare.

Moore indicated Thursday that not only is an example of Anthropic’s attack what many have feared, but the “wider impact is now how these attacks allow very low-skilled actors to launch complex intrusions at relatively low costs.”

“AI is used in defense as well as offensively, so security equally now depends on automation and speed rather than just human expertise across organizations,” he stated.

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On This Day, Nov. 9: Arafat makes 1st visit to Israel in decades, mourns Rabin

Nov. 9 (UPI) — On this date in history:

In 1872, a fire which began in the basement of a warehouse in downtown Boston raged for 12 hours, consuming 65 acres and leaving 776 buildings in ruins. The Great Boston Fire killed at least 30 people.

In 1906, Theodore Roosevelt traveled to Panama to observe the progress being made on the construction of the canal. He was the first sitting president of the United States to embark on an official trip outside the country. The canal opened in 1914 under operation by the U.S. War Department.

In 1918, Germany’s Kaiser Wilhelm II abdicated as World War I drew to a close.

In 1938, mobs of Germans attacked Jewish businesses and homes throughout Germany in what became known as Kristallnacht, or Crystal Night.

In 1953, the U.S. Supreme Court ruled Major League Baseball isn’t within the scope of federal antitrust laws.

File Photo by Brian Kersey/UPI

In 1965, a massive power failure left more than 30 million people in the dark in the northeastern United States and eastern Canada.

In 1985, Gary Kasparov, 22, became the youngest world chess champion, ending the 10-year reign of Anatoly Karpov in Moscow.

In 1989, East Germany announced free passage for its citizens through border checkpoints. The announcement rendered the Berlin Wall, the most reviled symbol of the Cold War, virtually irrelevant 28 years after its construction.

In 1995, Palestinian leader Yasser Arafat visited Israel for the first time to offer personal condolences to the wife of slain Israeli Prime Minister Yitzhak Rabin.

In 2008, three men were executed by firing squad for 2002 bombings in Bali that killed 202 people, mostly tourists.

File Photo by Brian Richards/UPI

In 2011, a burgeoning child sexual-abuse scandal at Penn State University involving former defensive coordinator Jerry Sandusky claimed its legendary football coach when the school’s board of trustees fired Joe Paterno.

In 2012, CIA Director David Petraeus resigned, citing an extramarital affair.

In 2015, the World Anti-Doping Agency recommended that Russia be banned from international sporting events due to systematic doping by athletes. Of the 389 athletes submitted for competition in the 2016 Summer Olympics in Rio de Janeiro, 111 were prohibited in stringent doping tests required of all Russian athletes.

In 2021, Arlington National Cemetery opened the Tomb of the Unknown Soldier Plaza to the public for the first time in nearly 100 years.

In 2023, the Screen Actors Guilt and American Federation of Television and Radio Artists reached a deal with the Alliance of Motion Picture Television Producers, ending a 118-day strike that brought Hollywood to a halt.

In 2024, Beyoncé earned 11 nominations for the 67th annual Grammy Awards, making her the most nominated artist in Grammy history, with a lifetime total of 99 nods. As of 2025, she has won 35 of the awards.

File Photo by Christine Chew/UPI

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