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Novo Nordisk removes CEO due to pressure from Eli Lilly

On Friday, Novo Nordisk, the maker of Ozempic and Wegovy, dismissed its CEO, Lars Fruergaard Jorgensen, marking the end of a significant leadership chapter as it navigates a tough climate in the competitive obesity drug sector. This move came shortly after the Danish pharmaceutical giant adjusted its sales and profit projections downward for the first […]

Eli Lilly stock surges after trial of Ozempic-like weight loss pill

Eli Lily Stocks jumped 15% After clinical trials of that experimental drug, it was shown that patients with type 2 diabetes can help lose weight at levels comparable to leading injections like Ozempic. Mid-stage exam results announced on Thursday The drug giant showed its patient Taking Orforglipron meant loss of 16 pounds (7.9% of body […]

Eli Lilly investing $27B more in US manufacturing

The president of Guidestone Funds Brandon Pizzurro says the company has “big prospects” for the “Craman Countdown.” Eli Lily is investing another $27 billion to boost domestic drug production to reaffirm President Donald Trump's commitment to impose manufacturing on the US on the re-shore. The latest investment, announced Wednesday at a press conference in Washington, […]

Eli Lilly plans to invest $27B to build four new US plants

Eli Lily said Wednesday that she would invest $27 billion to build four new manufacturing plants in the United States as she puts drugs on the threat of her drug import obligations from the Trump administration. The Indianapolis-based company said three of its planned facilities will focus on producing active pharmaceutical ingredients for its medication, […]

Eli Lilly Announces Plan To Invest $27 Billion In America Amid Trump Tariff Threats

Eli Lily announced Wednesday that it plans to more than double US manufacturing investment this year to $50 billion as President Trump threatens to threaten tariffs on drug imports. The drug giant will begin construction of four domestic manufacturing sites in 2025, adding 13,000 high-wage manufacturing and construction jobs. press release. The company claimed the […]

Eli Lilly shares tumble after cutting its sales outlook. What it means for investors – CNBC

Eli Lilly stock fell on Tuesday after its latest financial guidance disappointed investors. Jim Cramer says this drop is a buying opportunity. The pharmaceutical giant lowered its 2024 revenue outlook after lower-than-expected fourth-quarter results for the pivotal GLP-1 drug used for weight loss and diabetes. Eli Lilly said fourth-quarter sales should be about $13.5 billion, […]

Lilly Ledbetter, namesake of Fair Pay Act, dead at 86

Lilly Ledbetter, a former factory manager in Alabama, has died at the age of 86. She became a symbol of the equal pay movement with lawsuits against employers that led to landmark pay discrimination legislation. Ledbetter filed a lawsuit in 2007 after discovering that she was being paid less than men for the same job […]