BUZZ-Weight-loss drug frenzy powers Lilly for ninth straight annual rise
Eli Lilly's shares have surged nearly 40% this year, marking its ninth consecutive annual rise, and the company recently joined the trillion-dollar club. In contrast, rival Novo Nordisk's stock has dropped 40% this year. Investors are keen on Lilly's upcoming oral GLP-1 drug, orforglipron, expected to launch in 2026. Despite potential price adjustments, sales for Lilly are projected to grow by 20% to $76.8 billion in 2026, driven by diabetes drug Mounjaro and obesity treatment Zepbound.