Novo Nordisk shares jump
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Novo Nordisk's FDA-approved weight-loss pill intensifies its rivalry with Eli Lilly, putting health care and biotech ETFs in focus.
Global pharma giants Eli Lilly and Novo Nordisk are scrambling to cement their lead in India's booming obesity drug market before cheaper generic versions hit
Dec 23 (Reuters) - Novo Nordisk shares jumped 10% on Tuesday after the U.S. Food and Drug Administration approved its weight-loss pill, giving the Danish drugmaker a competitive edge over rival Eli Lilly in the fast-evolving market for obesity drugs.
Bond yields jumped after the report, and the S&P 500 was set to close at a record high.These stocks were moving Tuesday:U.S.-listed shares in Danish drugmaker Novo Nordisk rose 6.5% after the Food and Drug Administration approved the first GLP-1 pill,
The Danish drugmaker will start selling a pill version of its Wegovy weight-loss medicine in January, after [securing approval from U.S. regulators](
Regulators approved the first-ever GLP-1 pill for treating obesity from Novo Nordisk. Alphabet will acquire data center company Intersect for $4.75 billion in cash and assume its debt. Instacart is ending its contentious AI-driven pricing tests.