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Weight-Loss Drug Stocks Dip on Trump’s Price Promise

Weight-Loss Drug Stocks Dip on Trump’s Price Promise

Author:

Global Cryptocurrency

Published:

2025-10-17 10:32:02

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BTCCSquare news:

Novo Nordisk (NVO) and Eli Lilly (LLY) shares declined in pre-market trading following remarks by former President Donald TRUMP suggesting a potential sharp reduction in the price of Ozempic, Novo's leading weight-loss and diabetes drug. Trump indicated prices could fall to $150 per month from the current $1,000, sparking investor concerns over pricing pressures in the GLP-1 drug market.

Eli Lilly's stock also dropped more than 5%, as its competing treatments, Mounjaro and Zepbound, faced similar pricing scrutiny. The sell-off reflects broader market jitters about government intervention in pharmaceutical pricing, mirroring recent deals with Merck KGaA, Pfizer, and AstraZeneca.

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