{"id":62235,"date":"2026-05-22T09:38:29","date_gmt":"2026-05-22T13:38:29","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rally-on-middle-east-peace-hopes-and-strong-tech-earnings-eli-lilly-expands-medicare-access\/62235\/"},"modified":"2026-05-22T09:38:29","modified_gmt":"2026-05-22T13:38:29","slug":"global-markets-rally-on-middle-east-peace-hopes-and-strong-tech-earnings-eli-lilly-expands-medicare-access","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rally-on-middle-east-peace-hopes-and-strong-tech-earnings-eli-lilly-expands-medicare-access\/62235\/","title":{"rendered":"Global Markets Rally on Middle East Peace Hopes and Strong Tech Earnings; Eli Lilly Expands Medicare Access"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> announced that starting <strong>July 1, 2026<\/strong>, Medicare beneficiaries will have access to its new oral obesity drug, <strong>Foundayo<\/strong>, with a capped monthly copay of <strong>$50<\/strong> through the <strong>Medicare GLP-1 Bridge<\/strong>.<\/li>\n<li><strong>Geopolitical tensions eased<\/strong> as Pakistan\u2019s Army Chief, Field Marshal <strong>Asim Munir<\/strong>, arrived in Tehran to mediate between the U.S. and Iran, with reports suggesting a <strong>14-point memorandum of understanding<\/strong> for a ceasefire is nearing completion.<\/li>\n<li><strong>Tech stocks surged <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market<\/a><\/strong>, led by <strong>Workday (<a href=\"\/stock\/WDAY\">WDAY<\/a>)<\/strong>, which jumped over <strong>7.5%<\/strong> on an earnings beat and raised margin guidance, and <strong>AMD (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong>, up <strong>2%<\/strong> after announcing a <strong>$10 billion<\/strong> investment in Taiwan to address a global CPU shortage.<\/li>\n<li><strong>Federal Reserve leadership<\/strong> is poised for a major shift as White House adviser <strong>Kevin Hassett<\/strong> signaled that <strong>Kevin Warsh<\/strong> will soon take &quot;complete control&quot; of interest rate policy, urging <strong>Jerome Powell<\/strong> to step aside following Warsh&#39;s Senate confirmation.<\/li>\n<li><strong>Canadian economic data<\/strong> surprised to the upside, with <strong>Retail Sales<\/strong> growing <strong>0.9%<\/strong> in March and the <strong>Industrial Product Price Index (IPPI)<\/strong> rising <strong>2.0%<\/strong> in April, both significantly beating analyst estimates.<\/li>\n<\/ul>\n<hr>\n<h2>Healthcare and Corporate Developments<\/h2>\n<p><strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> has reached a landmark agreement to expand access to its weight-loss treatments. Starting <strong>July 1, 2026<\/strong>, eligible Medicare beneficiaries can access <strong>Foundayo<\/strong> (orforglipron) for a <strong>$50 monthly copay<\/strong>. This move, facilitated by the <strong>Medicare GLP-1 Bridge<\/strong> program, aims to provide a more affordable oral alternative to injectable therapies like Zepbound and Wegovy.<\/p>\n<p>In the technology sector, <strong>AMD (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> CEO <strong>Lisa Su<\/strong> announced a strategic <strong>$10 billion investment<\/strong> in Taiwan. The capital will be used to expand production capacity for advanced <strong>Venice CPUs<\/strong> and <strong>AI chips<\/strong> as stronger-than-expected demand continues to tighten the global market. <em>Analysts noted that the move is a direct challenge to Nvidia\u2019s dominance in the AI infrastructure space.<\/em><\/p>\n<p><strong>Workday (<a href=\"\/stock\/WDAY\">WDAY<\/a>)<\/strong> shares rallied <strong>7.5%<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a> after the company reported <strong>Q1 adjusted EPS of $2.66<\/strong>, beating the <strong>$2.51<\/strong> estimate. Management also upgraded its full-year <strong>operating margin forecast to 30.5%<\/strong>, citing the successful integration of AI-driven automation across its enterprise platform, which has now been deployed by over <strong>4,000 clients<\/strong>.<\/p>\n<h2>Geopolitical Mediation and NATO Response<\/h2>\n<p>Diplomatic efforts in the Middle East reached a critical juncture as Pakistan\u2019s Army Chief <strong>Asim Munir<\/strong> traveled to Tehran. Mediation efforts appear to be moving in a &quot;considerably positive direction,&quot; with reports indicating that <strong>Saudi Arabia, the UAE, and Qatar<\/strong> are collectively advising the <strong>Trump administration<\/strong> against reinitiating a full-scale war with Iran.<\/p>\n<p>NATO Secretary-General <strong>Mark Rutte<\/strong> underscored the alliance&#39;s commitment to <strong>Article 5<\/strong>, describing the pledge as &quot;steadfast.&quot; Rutte warned that any attack on the <strong>freedom of navigation<\/strong> in the <strong>Strait of Hormuz<\/strong> would result in a &quot;catastrophic&quot; response. <em>The rhetoric comes as NATO plans to boost defense production capacity to ensure shipping lanes remain open amid Iranian threats.<\/em><\/p>\n<h2>Economic Data and Central Bank Shifts<\/h2>\n<p><strong>Canada<\/strong> reported robust economic figures for the spring. <strong>Retail Sales<\/strong> for March rose <strong>0.9%<\/strong>, outperforming the <strong>0.6%<\/strong> forecast, while <strong>Retail Sales Ex-Autos<\/strong> surged <strong>1.4%<\/strong>. Additionally, the <strong>Industrial Product Price Index (IPPI)<\/strong> for April climbed <strong>2.0%<\/strong>, well above the <strong>1.3%<\/strong> estimate, suggesting persistent inflationary pressure at the producer level.<\/p>\n<p>In the U.S., White House adviser <strong>Kevin Hassett<\/strong> intensified calls for a transition at the <strong>Federal Reserve<\/strong>. Hassett praised <strong>Kevin Warsh<\/strong>, who was recently confirmed by the Senate, stating that Warsh will bring the Fed &quot;back to its fundamentals&quot; and restore independence. Hassett also warned that an <strong>oil shock<\/strong> could soon influence <strong>core inflation<\/strong>, urging central banks to remain focused on rising energy costs.<\/p>\n<h2>International Market Briefs<\/h2>\n<ul>\n<li><strong>Mexico:<\/strong> The economy showed resilience with <strong>Q1 GDP<\/strong> growing <strong>0.2%<\/strong> and <strong>Economic Activity (IGAE)<\/strong> rising <strong>1.4%<\/strong> year-over-year in March, both beating expectations.<\/li>\n<li><strong>China:<\/strong> Battery giant <strong>CATL<\/strong> is reportedly planning a major investment in the AI startup <strong>DeepSeek<\/strong> as part of a <strong>50 billion yuan<\/strong> funding round, signaling a deeper push into AI infrastructure.<\/li>\n<li><strong>Germany:<\/strong> <strong>Business confidence<\/strong> showed a surprise improvement in May according to the <strong>Ifo<\/strong> report, though editors cautioned that the recovery remains in its early stages.<\/li>\n<li><strong>Sweden:<\/strong> Secretary of State <strong>Marco Rubio<\/strong> signed a new agreement with Swedish officials for <strong>technology collaboration<\/strong>, focusing on secure telecommunications and AI development.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Eli Lilly (LLY) announced that starting July 1, 2026, Medicare beneficiaries will have access to its new oral 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