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Eli Lilly’s Stock Dips as Trump Announces Deal to Lower Weight-Loss Drug Prices

Eli Lilly’s Stock Dips as Trump Announces Deal to Lower Weight-Loss Drug Prices

Author:

Global Cryptocurrency

Published:

2025-11-06 20:35:02

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BTCCSquare news:

Eli Lilly’s shares fell approximately 1% following President Donald Trump’s announcement of a deal to reduce prices for weight-loss medications, including the company’s forthcoming obesity pill. The agreement, which also involves rival Novo Nordisk, aims to expand access to these blockbuster drugs under Medicare and Medicaid.

The TRUMP administration plans to offer discounted weight-loss drugs directly to consumers via a dedicated website, TrumpRx. Medicare coverage for Eli Lilly’s Zepbound and Novo Nordisk’s Wegovy is expected by mid-2026, potentially broadening the market and encouraging private insurers to follow suit. Medicare patients will pay $50 monthly for approved injectable and oral obesity treatments.

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