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LLY
CNBC
2 days

Eli Lilly and Novo Nordisk stocks fall as Trump says he wants $150 price for GLP-1s

1. Trump aims to cut GLP-1 drug prices to $150 monthly. 2. Eli Lilly shares fell 2% in response to the news. 3. Current pricing for GLP-1s competitive among compounded options. 4. Only 20% of large employers offer GLP-1 weight loss drugs. 5. Drug pricing negotiations are still ongoing with the administration.

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FAQ

Why Bearish?

The proposed price cut to $150 for GLP-1s suggests lower revenue potential for LLY. Historical examples indicate that drug cost reductions can significantly impact stock prices in the pharmaceutical sector.

How important is it?

Proposed pricing changes could directly affect sales and market dynamics for LLY's products, influencing investor sentiment.

Why Short Term?

Immediate investor reactions to announcements affect LLY's stock. Short-term price declines are common as markets digest unfavorable news.

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