Eli Lilly, Novo Nordisk shares fall after Trump targets weight-loss drugs
ReutersOct 17, 2025 8:24 AM
Shares of weight-loss drug developers Eli Lilly LLY.N and U.S.-listed shares of Novo Nordisk NOVOb.CO fall premarket
Trump said prices of weight-loss drugs, such as Novo's Ozempic, would be lowered
Lilly down 4.1% to $785.51, Novo falls 3.9% to $53.93; Novo's Denmark-listed shares down 6.3%
J.P.Morgan says, "we see President Trump’s comments as in line with our expectations for the price negotiation related to Novo’s GLP-1 portfolio"
YTD, up to last close, LLY up 6.1%, U.S.-listed Novo down 34.8%
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