Biden and Sanders teamed up to pressure Novo Nordisk and Eli Lilly to lower the price of weight loss drugs.

① Biden pointed out that the prices of pharmaceutical products from Novo-Nordisk and Eli Lilly and Co are "unreasonably high" and far exceed those of other countries, which is unacceptable. ② If these pharmaceutical companies refuse to significantly reduce prescription drug prices in the United States and end their greedy behavior, we will do "everything we can to help them stop this behavior."

cls.cn07:44

Update: US President Calls Out Eli Lilly, Novo Nordisk Over High Drug Prices

Eli Lilly (LLY.SW) and Novo Nordisk (NOVO-B.CO) were singled out by US President Joe Biden for "price gouging" and "corporate greed" for the prices of their diabetes and obesity drugs in the country.

MT Newswires11:56

Futu Morning News | Technology stocks continue to soar! Tesla rose more than 10%, Apple and Amazon hit new highs together; Powell's latest statement: Significant progress in reducing inflation.

Biden will meet with Democratic governors to seek support, and several popular candidates for succession will attend. Tesla delivered 444,000 vehicles in the second quarter, higher than expected in the market. Apple is expected to gain a seat on the OpenAI board of directors as an observer.

Futu News07:54

US stocks close | S&P and Nasdaq hit new closing highs, Amazon, Apple, and Microsoft hit new highs again, and Tesla surged more than 10%.

Chinese concept stocks index rebounds and breaks away from its 5-month low, with alibaba, nio inc, li auto inc rising about 2%.

wallstreetcn07:01

Biden, Sanders Call for Obesity Drug Makers to Cut Prices

Yahoo Finance04:01

Fighting Words: Lilly and Novo Swat Back at the Biden/Sanders Call for Lower GLP-1 Prices

Yahoo Finance03:53