Google CEO in DC, Eli Lilly gets green light, Boeing wins big

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

Google’s CEO is set to defend himself and the search giant on Capitol Hill. Sundar Pichai is sitting down with Congressional Republicans today behind closed doors. They have questions about search results they’ve called biased and how the company handles data collected from customers. Two weeks ago Pichai was notably absent when Facebook’s Sheryl Sandberg and Twitter’s Jack Dorsey gave public testimony before lawmakers.

Eli Lilly has been given the green light for a new migraine drug and it’s going to be free —at least for the first year. The FDA signed off on the medication, part of a new class of drugs amid steep competition. Lilly plans to price the drug at about $7K a year once the free trial runs out.

Another big military deal for Boeing. The aerospace giant has won a $9.2B dollar contract to build the next generation of Air Force training jets. Once again, it beat out competitor Lockheed Martin. The contract calls for some 350 jets and 46 simulators. The first one won’t be delivered until 2023.

A change in the C-suite at JCPenney. The department store chain’s finance chief is leaving effective Monday. Jeffrey Davis is the third top executive to leave JCPenney this year. CEO Marvin Ellison quit back in May to take the top job at Lowes. The company didn’t say where Davis is going, only that he’s pursuing another job.

JPMorgan Chase and Goldman Sachs are heading to trial over claims they stifled competition. A judge rejected arguments from the investment banks, along with Bank of America, Credit Suisse, Morgan Stanley and UBS, who tried to throw the suit out. The plaintiffs say the banks tried to keep the stock lending market “in the stone age” by rejecting newer ways to execute loans.