Apple Reports Results… And Crude Climbs Amid Middle East Tensions 1/29/26

19:02Tim Seymour:But what do you make of this sort of this pressure that still exists on software? So I first want to enumerate the ServiceNow numbers is that they grew at 21 percent in the September quarter, about 21 percent. This is their subscription business, about 21 % in December, similar growth. And they got into 21 % in March, and the stock gets hit. And I think the reason you're seeing that, Microsoft had some challenges, but if you look at the sequential change, like in deferred revenue, for example, it's similar to the typical seasonality. So what effectively is going on is this is probably one of the most powerful cases of a negative narrative.

19:39We talk about the positive narrative around some of the NAND stuff. Those companies are doing well. But the concern about this two-edged sword around what happens with AI, on one side, you can have lower seat growth because people lose their jobs that are using these tools. On the other side is that could there be essentially just a reordering or re-ranking of the software world with new AI-first companies? This is XAI's macro hard type of approach that Elon has been a fan of. And so I think that that just kind of creates some uncertainty. So, Melissa, the simple take is I wish I could come to a fundamental, you know, this is the canary in the coal mine kind of piece.

20:21But the numbers are largely pretty good. And these stocks are getting crushed, which just tells you investors just simply don't want to hold them. Feels like an overreaction at this point.

20:30Tim Seymour:A couple of things that investors did not like about the Microsoft quarter was the RPO up 110 percent, but 45 percent of that RPO was open AI. And we saw that sort of OpenAI ecosystem today also feel the pressure, Oracle, CoreWeave. And I'm just wondering, you know, is this just concern here that OpenAI is not going to be reliable in terms of ponying up for those bookings in the future? Is it that we're not sure what Microsoft is getting out of OpenAI? I mean, why isn't it that, you know, look at the RPOs up 110 percent? That's amazing. Thanks to OpenAI. Great that we have you on board. You know, it's a slightly different part of the conversation on the software side, but in general, that's the issue is that this is a 45 % of the business.

21:18And I think that it speaks to the concern. And I would just, I mean, this topic even spills over to what's going on with Apple right now, if I may, is that you look at the results, you look at what the stock is doing in the aftermarket, we're going to get the guidance. And my sense is the guidance will have an impact on how it trades tomorrow, but it's not going to change the narrative, most likely around Apple. And I think that narrative will be changed when the new Siri comes out. But when it comes to Microsoft and kind of what's happened with the concerns about Azure growth, it's all about the sustainability.

21:52When it comes to Apple and getting rewarded for whatever phenomenal results, I think, yes, we're waiting for the guidance. But I think more importantly, they're waiting for the moment that Google had in the middle of the year where they stood up and said, Gemini is great and we got Nano Banana and then we have Altman saying they're in code red. Like that validation, we haven't had that moment for Apple. That's the breakout I think needs to happen and that is the confidence that the software names need and they're just not getting it. Gene, it's Karen. Thanks for being on. Just going back to Microsoft for a minute.

22:26On Azure, do you buy the story of it's, we can't supply as much as there is for demand, is, you know, so that it's demand delayed, not denied? It's part of it, but now that's like standard issue. You have to have that commentary that you can't keep up with demand and cloud. And so the little nuance that happened on the call last night that kind of spooked people is they talked about adding capacity. They need to keep up, but they also said that not all that capacity would go to Azure. They tried to change. This is kind of a story that I think is going to come out of this Microsoft call. They started to try to change the narrative try to say don't look at Azure as much we've got these other businesses that are doing well we're going to fund those businesses and that's usually a sign that something probably is changing in terms of Azure growth when they want to communicate a different part of the story we've of course seen that many times over years when companies try to re-change that so Karen I think that at the end of the day is that they've got pent-up demand for it the growth is going to be great they'll grow at plus 30 percent it won't be 40 but I still believe in all this and like this has been a rough two days for me.

23:32I've been very optimistic at how early we are in AI. These stocks are not responding like I would hope, but I'm still in the camp that we're still early and you're going to have great growth from Azure and AWS and Google Cloud, and Apple's going to get AI right.

23:47Tim Seymour:Chin up, Gene. It's the beginning of the running season. Gene's going to stick with us and we'll check back with him later on in this hour. Is Microsoft here buying opportunity? I think it's interesting. Certainly we've we've gone back to and I referenced in some notes earlier. It's almost like this is Microsoft is back to a price before we even knew who Sam Altman was. And now Microsoft has underperformed the entire S &P by about 10 percent since July of 2020. I was doing some charts today. And so and again, in the greatest run for tech and enterprise and cloud and software. And so I think the market, even though it's not a cheap stock, I think after today's move, I think this is a reassessment of really where they are.

24:31By the way, yes, they have investments in things that are a lot more valuable than are probably priced into the stock.

24:36Melissa Lee:I also think it's interesting. And when you think about it, forget the price action. I just look at this and last night we're sitting on the desk and we're saying, oh, they just were touting 15 million paid, you know, co-pilot users. And we were just doing some quick math and we're like, that's five and a half billion dollars. But then if you think about it, they have 400 million.

24:54Tim Seymour:That seems like a small percentage, right, in terms of penetration.

24:57Melissa Lee:But I look at it the other way, silver lining guy. I say to myself, 400 million global paid Office 365 users. I looked at the other way. And then 15 goes to 50 and 50 goes to 100. And then all of a sudden you've got a massive business that's actually really high margin, too. And this is a company that's seen their margins go down over the last three years or so. So to me, I think there's more opportunity at 425 than there is risk here.

25:24Tim Seymour:All right. Coming up, we'll keep an eye on all of tonight's after hours movers. We'll bring you the headlines from Apple's conference calls. The conference call is 24 minutes in right now. No guidance yet. Speaking of earnings, United Rentals getting slammed after its report last night. The numbers that had investors selling out of the stock ahead do not go anywhere. Fast Money is back in tune.

25:45Tim Seymour:Your data lives everywhere. On-prem, in the cloud, across apps, bring it all together with EverPure, the platform that acts like a living system, delivering the latest in data performance, security, and innovation without ever slowing you down. Sophisticated enough to anticipate your ever-changing data needs, yet simple enough to feel like second nature. Tame your data chaos with EverPure and make storage and data management the simplest part of your business. Visit everpuredata.com to learn more. Never bet against American grit or American energy. Through innovation, Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost and a fraction of the time.

26:31So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy.

26:43It's smart to always have a few financial goals and a really smart one you can set. Earning cash back on what you buy every day. And with Discover, you can. Get this. Discover automatically matches all the cash back you've earned at the end of your first year. Seriously, all of it. And we trust you to make smart decisions. After all, you listen to this show. See terms at discover.com slash credit card.

27:09Tim Seymour:We've got a news alert on a potential deal for SpaceX. Pippa Stevens has more Pippa. Hey, Melissa. Well, Elon Musk's SpaceX is reportedly considering a potential merger with Tesla. That's according to Bloomberg or an alternative combination with XAI, which Reuters reported earlier today. This, of course, coming ahead of SpaceX's IPO, which is expected this year. Tesla shares up about 3.7 percent here in extended trading. Melissa. All right, Pippa. Thanks, Pippa Stevens. Put them all together. You were actually saying Tesla and XAI. I've been saying this for years.

27:42Melissa Lee:Of course he's going to do this. I mean, like, think about it. And, like, we talked about SolarCity, what, 10 years ago? Of course he was going to do this. And so, again, when you think about it, he's trying to get this thing out, this SpaceX. It's supposedly as hot as can be. But if you put XAI with that, that's just another X factor that you can look at the private markets and you see how a lot of their competitors are being valued. And then the Tesla thing, I mean, he's going to do whatever the hell he wants with it. I mean, like, that's just always what he's doing. Why wouldn't he just sell them all, sell them separately?

28:11Why do you need to jam it into Tesla when, in fact, Tesla's already. This is the CEO of all three. But I think he benefits some of the parts. Again, we're talking about holding companies that don't trade in line with the NAV. The NAV trades at a discount to the assets. I think XAI in this environment should be doing its own raise. I think SpaceX, we know, is doing its own raise. It's going to be stratospheric. Eric, and Tesla's still, as we talk about almost every day, getting priced in for things that are not part of their core business and not struggling on valuation. I don't know why they'd put them together.

28:43Tim Seymour:All right. Earnings alert here on Visa. Shares lower despite beats on the top and the bottom lines. We're having these rising 15 percent with the company setting resilient consumer spending. A list of other consumer facing companies also on the move today. MasterCard up four percent after topping estimates, citing healthy consumer spending. Royal Caribbean soaring almost 19 percent. guidance blowing right past expectations. And Pulte Group rising 3 % even after the home builder reported disappointing earnings. Southwest Airlines, which released results last night, gaining nearly 19 % on a strong 2026 forecast.

29:14Tim Seymour:Lori, consumer, all data points point to a strong one. So look, I think the narrative on consumers coming into this reporting season was the capacity to spend is still there because people still have jobs. There was caution underneath the surface because of lousy consumer sentiment data and that sort of thing. But, you know, the idea of prioritizing experiences, that caution really being more on the goods, no red flags from the financial companies, you know, that's kind of been the thesis. I'm not sure anything has really changed there at this point. But what I will tell you is worrying me just a little bit is that just about every single meeting I did in December and January, clients told me there are massive tax refunds coming.

29:49Tim Seymour:And so we're all bulled up on stimulus and consumers in particular. And there's also been, you know, a little bit of stabilization that you've seen on the University of Michigan consumer sentiment data. obviously not seen on the conference board data. But I do think that there has been a lot of optimism on the consumer that I have sensed in my client meetings from that tax refund issue, and that does make me a little nervous. There's a lot more Fast Money to come. Here's what's coming up next. Shares of United Rentals getting slammed. What had investors bailing out of the construction equipment leasing company?

30:20And do our traders believe in a bounce back?

30:23Melissa Lee:Plus, Mideast tensions rattling the energy sector, crude oil prices surging to their highest levels since September, how the Trump administration will respond to the overseas unrest, and what one oil expert sees in store for the space. You're watching Fast Money, live from the NASDAQ market site in Times Square. We're back right after this.

30:49Tim Seymour:Your data lives everywhere. On-prem, in the cloud, across apps. Bring it all together with EverPure. The platform that acts like a living system, delivering the latest in data performance, security, and innovation without ever slowing you down. Sophisticated enough to anticipate your ever-changing data needs, yet simple enough to feel like second nature. Tame your data chaos with EverPure and make storage and data management the simplest part of your business. Visit everpuredata.com to learn more. Never bet against American grit or American energy. Through innovation, Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost and a fraction of the time.

31:35So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy.

31:47It's smart to always have a few financial goals and a really smart one you can set earning cash back on what you buy every day. And with Discover, you can. Get this, Discover automatically matches all the cash back you've earned at the end of your first year. Seriously, all of it. And we trust you to make smart decisions. After all, you listen to this show. See terms at discover.com slash credit card.

32:13Tim Seymour:We're getting some updates out of Apple's conference call. Our shares are higher by under a percent now. Let's get back to Steve Kovacs. Steve. Yeah, Melissa, we got some guidance and those memory price concerns addressed here on the call. First, let me go over guidance. CFO Kevin Prex says to expect revenue top line growth to be between 13 and 16 percent year over year. So another quarter in a row of double digit percentage growth expected. Services, as has been the story for a couple years now, also expected to grow by double-digit percentage points. And margins expected to be between 48 % and 49%.

32:49Now, that also plays into the memory conversation. We've heard about memory prices increasing. Tim Cook did address this on the call. Two ways to look at this here that he talked about. First of all, the memory price are expected not to impact as much in the second quarter that we're in right now. But he did say moving throughout the year, they do expect those prices to continue to increase. On the supply side, now just on the iPhone side, he also made a point about being supply constrained on the iPhone. That's because sales were basically better than they thought in the December quarter. And Cook called the inventory remaining quite lean.

33:29So they're still playing a little bit of catch up on the iPhone side, trying to meet the demand after this hot seller of the iPhone 17. So the big takeaway here, though, guys, is those memory prices are going to be concerned, maybe not so much in the current quarter, but moving forward throughout the year. Tim Cook saying he expects those prices to continue to go up now.

33:48Tim Seymour:So I guess we are to assume that there is no contract blocking in price, even though Chris. I mean, we're hearing more about multi-year contracts from customers. We don't even have multi-month contracts from Apple. Right. Yeah, I'm not sure. They did not address the contract thing and what they've already pre-negotiated. All he did say was they expect those memory prices to increase. And the margin guidance of 48 to 49 percent compares to what, Steve? I do not recall what it was in the year ago quarter, but that is in line with what they just reported for the December quarter, for sure. Got it.

34:21OK. And that's despite increased R &D spending and so much more.

34:27Tim Seymour:All right, Steve, thanks. Steve Kovach, with all the latest guidance numbers, what do you think so far? On memory, none of this should be a surprise. I think the street knows that they have these LTAs, these long-term agreements. I don't know how many months they are, but they're certainly out through the middle of the year. I think everything is fine. The March quarter is fine. It's the second half of the year, and that's still hanging over them. And if Tim Cook is bringing up that uncertainty, I think the analyst community is going to be zeroing in. It's 10 % to 20 % of the cost of building an iPhone right there.

34:57Melissa Lee:Wow. And on the margin front, so year over year, it was up 3%. And sequentially for the current quarter, they just guided it was down 1%. I mean, again, it's not a big deal. I'm surprised on the revenue guide. I think expectations were for 10 % growth year over year in Q2. And they just guided a 13 % to 16%. You'd think that's pretty healthy, especially given what they're talking about. They didn't, I don't know, do they report EPS? Like, do they guide EPS anymore? Because I don't see it down here. But that's good revenue growth.

35:22Tim Seymour:Let's get to Gene Munster for more reaction here. Gene, what's your take? I'll take Dan's line. They had 10 % for the guidance was the expectation, I guess, for March and 13 to 16. The margins, typically they do see some improvement from December to March, and they're guiding to that. And I understand that they have some commentary about the back half year margins. But in total, there's just something else going on. Like this is, I think, give me a blank sheet of paper. I'd probably say this doc should be up something like 5 to 7 % based on results and what they're saying about kind of customer buy-in.

35:57And so what's the piece that's not lined up? I think it goes beyond just kind of the nuances about the back half of the year and guidance. I still think this comes down to the sustainability. Are investors comfortable that this party can continue? And that's been a story, a long time story about Apple. But these results, the guidance, it's just really impressive. Stock's not showing it. I would add one other piece is the second or third question on the call was related to kind of what you're doing with Google and tell us kind of a little bit more and really Cook didn't say anything. And so at some level, I think investors just want to know that they got those AI chops.

36:37They're going to show it, but we're going to have to wait around to see that.

36:40Tim Seymour:All right, Jean, thank you. We'll check in with you again. Jean Munster, the stock is ticking a little bit higher, up almost a percent at this point. Karen, what do you make of all this? Well, I'm sort of wondering, when they do have those price increases, who pays them? How did they apportion them between what the customer pays and what they pay? Yeah. Coming up, a fueled AI, a fueled trade, fueled up trade, I should say. Crew prices surging, ascensions rise in the Middle East, the latest out of Iran and the impact on the energy sector and the stocks. Fast Money is back in two.

37:16Tim Seymour:Welcome back to Fast Money. Stocks closing well off their lows as investors digested the first of MAG7 earnings, Dow adding nearly 56 points. The S &P with a small loss and the Nasdaq falling about three quarters of a percent, snapping a six-day winning streak. It had been down more than two and a half percent at the lows. Gold, silver and copper all hitting fresh records in a volatile day for metals. Gold already up 24 percent so far this year. Silver surging more than 64 percent. And some more after hours action in shares of Decker's outdoors. That stock jumping after beating expectations on the top of the bottom lines with the revenue for the Hoka and Ugg brands topping estimates.

37:50Tim Seymour:So we have that stock up by about 12 percent. We do want to get to our shares of URI, which really tanked today. I mean, yes, awful day, Karen. What happened here? An awful day. Worst day in a long, long time. They missed on revenue. They missed on earnings. They missed on margins. They missed. I mean, and that's unlike URI. Right. there, you're normally an under-promise over-deliver. So part of the things that were a little problematic last year that they worked through, like this idea of having these big projects where they have to move equipment across the country or further than they normally do.

38:22One of their strengths is that they're everywhere, but that required them to move a lot of equipment. That's expensive. That has persisted. They did have one very large project that was delayed, which I don't know exactly when that will start. But I think the response was overdone. At its lowest, the stock was down, I don't know, a couple, two, three more percent than this. And I think the balance sheet's in great shape. I don't think the story has fundamentally changed so much. A little bit on the margins being bigger revenue, less margin, but still having good earnings power, good free cash flow.

38:58So I liked it. I actually bought a little today, which I normally don't do on a first day when something's down a lot. I did buy a little bit.

39:06Tim Seymour:I think this is overdone. Despite this move lower in URI, industrials overall for today, a good sector, Lori. And, you know, we saw isolated areas in the market being sold off. But then we did see that sort of broadening trade continue. Yeah, industrials is a funny one. We're neutral on the sector. And, you know, we've generally liked the fundamentals. I will say that most clients that I talk to seem to be in the space pretty heavily. And it actually ranks as one of the most expensive sectors in the S &P 500 by a mile. That's looking at median P.E., so it doesn't speak to every individual stock.

39:39Tim Seymour:But it has seemed like an area that, in theory, should benefit from the rotation, except for the fact that everybody's already there. Coming up, the crude climb. We'll talk to a top oil analyst about the hot commodity and where the energy trade goes from here. More Fast Money right after this.

40:00Tim Seymour:Welcome back to Fast Money. Crude oil jumping on growing concerns. President Trump will strike Iran. WTI settling almost 4 percent higher, while Brent rose more than 3 percent. It's now over 70 bucks a barrel, seeing its highest close since July. Let's bring in energy analyst Paul Sankey of Sankey Research. Paul, great to have you with us. How much of an Iran premium is in Brent right now? It seems like a lot. I mean, we've broken through the 200-day moving average to the upside, And the last time that happened was the previous Iran bombing that was back in June of last year. So it seems like a big part of this move is related to that.

40:33Although I'm a bit perplexed by the size of the move, I have to say. Who knows? I mean, maybe there is something big about to happen that will be very interruptive to oil supply. But it's been a surprise move here for sure, even with the threats to Iran. Paul, it's Tim. Great to have you on. And what's fascinating time and help us zero back in on really what is the driver ultimately for the oil price, because we do have a better demand backdrop. We do have dynamics that at least say global growth and demand continues to pick up. Historically, this has been a big part of the story and supplies always kind of ebbed and flowed.

41:08I'm just curious where you're putting the emphasis here. Well, you know, we look back and over two years ago, we thought that the low in oil would be around February of 2026. and we were saying the oil would be in the 40s by now. So for us to be above 70 is obviously a disaster in terms of the oil price forecast. When you look at the moving parts, absolutely, demand has been somewhat better than expected. And we're now thinking that we may be missing barrels on the demand side because the extent to which oil has held up would imply that there's more demand out there that appear in the balances.

41:42And then there's just been a lot of disruption, Tim, as you know, particularly around sanctioning of tankers. and additionally China building inventory as much as a million barrels a day that have all added up to what seems like a tight market. But when you look at the major forecasting agencies and do your own numbers, we still seem to be, you know, one to two to three million barrels a day of oil ever supplied, which is what makes this move so surprising. And then, of course, the kicker has been this winter that we've seen both in Europe and in the US, which is causing a lot of incremental demand.

42:16I'm sure you've seen stories about Massachusetts and PJM, the electricity market, burning upwards of 300 ,000 barrels a day each of oil to generate power in what is a real tight energy market right here in the U.S. with this weather.

42:30Tim Seymour:You know, with the scorching rally we've seen year to date in both Brent as well as WTI, Paul, a lot of the stocks are at multi-year all-time highs. Which ones do you still see value in? Well, we've been loving Schlumberger for the first time in many, many years, actually, this year. So we've been the right side of that one. And we thought that oil would go down and the oil stocks would go up, which is always kind of a hero call. But, you know, the oils have got so beaten down that we were almost in the mood to buy any of them on the basis that the market couldn't sell anymore. When you think about the S &P at, you know, 30 times earnings, these oil stocks were down, you know, well below 10 times earnings.

43:05And the other thing here, of course, is terminal value has gone up. So there's a wide acceptance now that the oil age is not ending in the way that people thought it would five years ago. There's been capitulation by all those who claim that the oil age was over, such as the IEA, such as BP, and the more responsible forecasters like Exxon have said we think oil demand will stay flat through 2050. So we were going to put that terminal value back into the oils, haven't taken it out. So things are acting very well. And as I say, for us, the stock has been slumber today. I think Exxon will have great results.

43:38We had an amazing beat from one of our favorites, Valero, today. They continue to deliver brilliant results.

43:44Tim Seymour:Yep. All-time highs on VLO. Paul, great to see you. Thank you. Paul Sankey. Thanks, Matt. Coming up, Staples off to a good start this year, and the Chartmaster sipping on one name in particular, the name he thinks is ready to bubble up to record high. Next, more Fast Money in two.

44:07Tim Seymour:Welcome back to Fast Money. The chart master couldn't be here today, but he did send us a postcard, Carter Worth or Worth Charting, saying it is time to buy Coca-Cola for a shot at a breakout to all-time highs. By his work, the longtime range bound name is ready to end its 18-month slog and could make a move above 80 bucks a share. Meantime, the broader consumer staple sector has outperformed the market so far this year. It hit an all-time high on Tuesday. It is up more than 6 percent versus just under 2 percent for the S &P 500. This is a group that you like. Well, we're neutral this sector, but we did upgrade it last summer.

44:42Tim Seymour:And we have six neutrals, and we've put it in the top tier of them. So the best neutral. The best of them. Yeah, out of the, we've divided up the six into the top three and the bottom three. And what the top three have in common, they're REITs, energy, and staples, because they all have attractive valuations. And what I thought was really interesting about the three of these coming into the year, December, January, everyone's like, Lori, what's cheap? What's cheap? We want to look at cheap sectors. They want to talk about health care, financials, which look good, you know, look reasonable. But these are even cheaper.

45:08Tim Seymour:And the beverages in particular on our industry work are also looking pretty undervalued. Coca-Cola. I like it. I'm longing it. I just think they continue to deliver solid performance. They've evolved the business. The margin profile is better. They are a great beneficiary of technology and they are a great beneficiary. I just think of global efficiency and they've they've they've restructured their business over the last 10 years. And I think the company has never been more profitable, even though no one drinks Coke anymore. Well, so Carter, if he were here, would probably say resistance becomes support.

45:39Or it's been fallow for so long. Yeah, a pair of twos and, yeah. What, the Coke?

45:45Melissa Lee:Yeah. He's saying buy it. It's going to break out. What are we doing here? No, after a long base. Resistance has become support. Well, it will if it breaks out and holds it.

45:54Tim Seymour:What?

45:54Melissa Lee:What?

45:54Tim Seymour:It will if it breaks out and holds it. Yeah. Okay. Anyway, Carter says bye. Up next, Final Trades.

46:07Tim Seymour:Final trade time. Lori Calvacina. We like materials. Metal and mining are not that expensive. The chemicals are cheap. Great to have you here, Lori. Thank you. Tim. SLB, one of the best performing stocks of the year. Had numbers affirmed. Their international growth is there. I really like SLB and think it's going high. Karen. Yes. So United Rentals, despite the not-so-fun day, if I own none, I would look at it here and say, yeah, I like it. But wait one more day. Give it another sell-off. Buy United. Dan?

46:36Melissa Lee:Yeah, Microsoft is a downside. I was surprised it was down so much. And then Apple, I'm surprised it's not up more.

46:41Tim Seymour:Thank you for watching Fast Money. See you back here tomorrow at 5 for more Fast Mad Money with Jim Cramer. Starts right now.

47:02on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information the Fast Money participants consider reliable, but neither CNBC nor its affiliates and or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. To view the full Fast Money Disclaimer, please visit cnbc.com forward slash Fast Money Disclaimer. Snoring? Gasping during sleep? Feeling fatigued? Ask your doctor about ZepBound, Terzepatite, the first and only FDA-approved prescription medicine for moderate to severe obstructive sleep apnea, OSA, and adults with obesity.

47:37ZetBound is a prescription medicine used with a reduced-calorie diet and increased physical activity to help adults with moderate to severe obstructive sleep apnea, OSA, and obesity to improve their OSA. ZetBound is approved as a 2.5, 5, 7.5, 10, 12.5, or 15 milligram injection. ZetBound contains Terzepatite and should not be used with other terzepatide-containing products or any GLP-1 receptor agonist medicines. It is not known if ZepBound is safe and effective for use in children. Don't share needles or pins or reuse needles. Don't take if allergic to it or if you or someone in your family had medullary thyroid cancer or if you've had multiple endocrine neoplasia syndrome type 2.

48:17Tell your doctor if you get a lump or swelling in your neck. Stop ZepBound and call your doctor if you have severe stomach pain or a serious allergic reaction. Severe side effects may include inflamed pancreas or gallbladder problems. Tell your doctor if you experience vision changes before scheduled procedures with anesthesia. If you're nursing, pregnant, plan to be, or taking birth control pills. Taking ZetBound with a sulfonylurea or insulin may cause low blood sugar. Side effects include nausea, diarrhea, and vomiting, which can cause dehydration and worsen kidney problems. Talk to your doctor.

48:47Call 1-800-545-5979 or visit zetbound.lily.com.