Eli Lilly, Fox rise; Beyond Meat, RingCentral fall, Tuesday, 8/8/2023

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NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday: Eli Lilly and Co., up $67.52 to $521.60. The drug developer reported strong second-quarter earnings and surprisingly good sales of its diabetes treatment Mounjaro. Novo Nordisk, up $27.81 to $189.17. The drug developer gave investors an encouraging update on potential additional benefits from its weight-loss drug Wegovy. RingCentral Inc., down $7.18 to $31.80. The cloud-based phone system provider for small businesses said Tarek Robbiati will replace CEO Vlad Shmunis. Beyond Meat Inc., down $2.18 to $13.10. The meat substitute maker trimmed its sales forecast for the year. United Parcel Service Inc., down $1.60 to $180.55. The package delivery company reported weak second-quarter revenue and trimmed its sales forecast for the year. Fox Corp., up $1.73 to $32.87. The TV broadcasting company beat analysts’ fiscal fourth-quarter earnings and revenue forecasts. The New York Times Co., up $3.47 to $44.29. The newspaper publisher reported strong second-quarter financial results. International Flavors & Fragrances Inc., down $15.56 to $64.78. The ingredients producer for food, cosmetics and consumer products industries cut its sales forecast for the year.