financetom
Business
financetom
/
Business
/
Eli Lilly Shares Drop After US Government Tables Medicare Coverage of Obesity Treatment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Eli Lilly Shares Drop After US Government Tables Medicare Coverage of Obesity Treatment
Apr 7, 2025 9:53 AM

12:30 PM EDT, 04/07/2025 (MT Newswires) -- Eli Lilly ( LLY ) shares fell almost 4% in recent trading Monday after the Trump administration decided to table a plan allowing Medicare to pay for anti-obesity medications, which would have granted more people access to the company's weight-loss drug Zepbound.

The Centers for Medicare & Medicaid Services said Friday it was not finalizing the provision in the proposed rule at this time, but may address it in the future.

A Lilly spokesperson said Medicare's decision was not the best interpretation of the Part D Coverage provision of the rule and will impacts the access to obesity treatment.

"We will continue to work with the Trump Administration and Congressional leaders to ensure people living with obesity are covered by Medicare and Medicaid and are no longer left behind," the spokesperson said.

Price: 709.32, Change: -28.89, Percent Change: -3.91

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
RE Royalties Announces Strategic Review to Evaluate Path for Long-Term Value Creation
RE Royalties Announces Strategic Review to Evaluate Path for Long-Term Value Creation
Mar 27, 2026
All amounts in CAD dollars unless otherwise stated. VANCOUVER, BC / ACCESS Newswire / March 27, 2026 / RE Royalties Ltd. ( RROYF ) (RE Royalties or the Company) today announced that its Board of Directors (the Board) has initiated a formal review of strategic alternatives (the Strategic Review) to identify opportunities to maximize value for shareholders. As part of...
SoftBank secures $40 billion loan to fund further OpenAI investment
SoftBank secures $40 billion loan to fund further OpenAI investment
Mar 27, 2026
March 27 (Reuters) - SoftBank Group said on Friday it has secured a $40 billion loan through a bridge facility to fund further investments in ChatGPT maker OpenAI and for general corporate purposes. The facility, which matures in March 2027, was arranged with lenders including JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corp and MUFG Bank. The Japanese...
Update: Market Chatter: Valero Energy Facing Lawsuit by Worker Over Texas Refinery Incident
Update: Market Chatter: Valero Energy Facing Lawsuit by Worker Over Texas Refinery Incident
Mar 27, 2026
05:30 AM EDT, 03/27/2026 (MT Newswires) -- (Updates with Valero Energy's ( VLO ) response in the fifth paragraph.) Valero Energy ( VLO ) has been sued by a man who sustained injuries in an explosion at the company's Port Arthur, Texas, refinery Monday, Reuters reported late Wednesday, citing a lawsuit filed in the Jefferson County District Court in Beaumont....
Market Chatter: Ferrari Resumes Vehicle Shipments to Middle East
Market Chatter: Ferrari Resumes Vehicle Shipments to Middle East
Mar 27, 2026
05:50 AM EDT, 03/27/2026 (MT Newswires) -- Ferrari (RACE) has resumed vehicle shipments to the Middle East following a weeklong pause caused by logistics disruptions amid the ongoing military conflict in the region, Reuters reported Thursday, citing a company statement. Temporary logistical issues, due to challenges in the region, have been resolved, Ferrari reportedly said. The company has actively managed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved