Stock Of The Day: Where Will The Eli Lilly Rally End?
Insurance industry in emergency! CEO of UnitedHealth Insurance Company stabbed to death in New York, investor day event urgently canceled.
Brian Thompson, CEO of unitedhealth insurance company, was shot dead in Manhattan, New York. According to informed sources, the incident is believed to be a targeted attack. Unitedhealth insurance company, led by Thompson, is the largest private health insurance company in the usa, with revenue exceeding 281 billion dollars last year, accounting for more than two-thirds of unitedhealth group's total revenue. On Wednesday, after the early trading session, unitedhealth (UNH) saw its stock price rise over 2.9%, but then retraced most of its gains.
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Eli Lilly and Co announced that Zepbound has better weight loss effects compared to novo-nordisk a/s Wegovy.
eli lilly and co announced on Wednesday that in a comparative trial, its weight-loss drug Zepbound had a greater weight-loss effect than the similar drug Wegovy from competitor novo-nordisk a/s; eli lilly and co is still evaluating the trial results, the company stated that it plans to publish them in a peer-reviewed journal and present them at medical conferences next year.
The results are even better than Wegovy! Eli Lilly and Co's weight loss drug Zepbound averaged a 20% weight loss over 72 weeks, jumping 2.5% in premarket.
Participants using novo-nordisk a/s's Wegovy only lost 14%. This result provides eli lilly and co an opportunity to catch up, especially with the obesity drug market expected to reach 130 billion dollars by the end of this decade.
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Check Out What Whales Are Doing With UNH