Today's Morning Movers and Top Ratings: MMM, PYPL, KO, LLY and More

$Eli Lilly and Co(LLY.US)$ The pharmaceutical company's stock increased by 6.7% following its report of stronger-than-expected earnings for the first quarter and raised its full-year guidance, fueled by robust sales of its diabetes medication Mounjaro and the newly released weight loss treatment Zepbound.

$3M(MMM.US)$ The industrial conglomerate's shares jumped 7.4% after surpassing analysts' expectations for the first quarter, with the company also indicating that it anticipates its dividend payout ratio to be around 40% of adjusted free cash flow.

$PayPal(PYPL.US)$ Shares of the payment system operator climbed 5.0% after reporting a 14% year-on-year rise in first-quarter total payment volume to $403.9 billion, which exceeded forecasts.

$Restaurant Brands International(QSR.US)$ The stock for the company went up by 2.3% after it announced an additional $300 million investment in its Burger King chain to remodel approximately 1,100 of its U.S. restaurants as a part of a larger revitalization plan.

$Coca-Cola(KO.US)$ The beverage company's stock declined by 0.2% despite revealing earnings and revenue that surpassed expectations and increasing its full-year outlook for organic revenue. However, sales remained stagnant in the critical North American market during the quarter.

$Tesla(TSLA.US)$ The electric vehicle manufacturer's shares dropped 1.8%, following significant gains in the previous session, amidst reports from The Information that CEO Elon Musk has let go of two senior executives and intends to lay off hundreds more employees due to declining sales.

$Walmart(WMT.US)$ Shares of the retail giant decreased by 0.1% after the company declared its intention to shut down all of its healthcare clinics across the country, as well as its telehealth service, citing an inability to operate them profitably.

$Paramount Global-B(PARA.US)$ The entertainment company's stock decreased by 0.4% after the announcement that CEO Bob Bakish has resigned amid continuing discussions over a potential collaboration with David Ellison's Skydance Media.

$Microsoft(MSFT.US)$ The tech giant's stock edged down by 0.2% following the announcement of its plan to invest $1.7 billion in Indonesia over the next four years to develop new cloud and AI infrastructure.

$McDonald's(MCD.US)$ The fast-food heavyweight saw its shares fall by 0.5% after missing earnings estimates for the quarter, with reorganization efforts impacting profits and boycotts affecting sales in the Middle East.

$Coursera(COUR.US)$ Shares of the online learning platform plummeted by 13% after the company projected its full-year revenue to be below market expectations.