(Reuters) -Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.
Here are some reactions to Lilly joining the trillion dollar club:
EVAN SEIGERMAN, ANALYST AT BMO CAPITAL MARKETS
"The current valuation points to investor confidence in the longer-term durability of the company's metabolic health franchise. It also suggests that investors prefer Lilly over Novo in the obesity arms race. Taking a step back, we're also seeing money rotate into the sector as investors may be worried about an AI bubble."
HANK SMITH, DIRECTOR & HEAD OF INVESTMENT STRATEGY AT LILLY SHAREHOLDER HAVERFORD TRUST
"Investors have historically liked secure earnings growth and (Eli Lilly) is the only large cap pharma that has that kind of earnings profile."
(Reporting by Siddhi Mahatole and Shashwat Chauhan in Bengaluru; Editing by Leroy Leo)
latest_posts
- 1
Manual for 10 Scrumptious Specialty Mixed drinks - 2Cognizant Couture d: A Survey of \Moral Decisions and Sharp Looks\ Maintainable Style
- 3Scientists solve the mystery of the prehistoric 'Burtele Foot'
- 4Bowen Yang is reportedly leaving 'Saturday Night Live' after this week's episode
- 5The most effective method to Alter Your Savvy Bed for A definitive Rest Insight
- Dental Embed Innovation: An Achievement in Helpful Dentistry
- Takeaways from AP’s report on potential impacts of Alaska’s proposed Ambler Access Road
- Vote in favor of your favored spot to peruse
- Transcript: Scott Gottlieb on "Face the Nation with Margaret Brennan," Dec. 7, 2025
- How to disinfect if the stomach bug hits your home
- Wizz CEO: We’re going to invest $1 b. in Israeli market
- Live long and loiter: Why NASA's ESCAPADE probes will wait a year in space before heading to Mars
- Ukraine's naval drones are gunning for Russia's 'shadow fleet.' A security source says a tanker just suffered a critical hit.
- The Magnificence of Extraordinariness: Presenting Valuable Adornments and Gemstones
