Tesla, Archer Aviation rise; Eli Lilly falls, Tuesday, 7/2/2024

NEW YORK — Stocks that traded heavily or had substantial price changes on Tuesday:

Paramount Global, up 58 cents to $10.72.

Digital-media conglomerate IAC is reportedly considering a bid to take control of the owner of CBS and Paramount Studio.

Eli Lilly and Co., down $7.66 to $906.71.

President Joe Biden called on pharmaceutical companies to lower diabetes and weight-loss drug prices.

Tesla Inc., up $21.40 to $231.26.

The electric vehicle maker's second-quarter deliveries beat analysts' forecasts.

The maker of electric vertical take-off and landing aircraft received a $55 million investment from Stellantis.

Moderna Inc., up $1.12 to $117.07.

The U.S. will pay the vaccine maker $176 million to develop an mRNA-based pandemic flu vaccine.

Tyler Technologies Inc.. up $9.48 to $509.

The software company signed an agreement with the Arizona Supreme Court for wider use of its technology.

The copper producer rose along with prices for the base metal.

MSC Industrial Direct Co., up $1.79 to $80.02.