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The "miracle weight loss drug" has entered the oral era. Will Eli Lilly and Co become the king of weight loss medications?
Wall Street Analysts generally believe that the GLP-1 weight loss medication field is transitioning from injectable forms to more convenient oral forms, and Eli Lilly and Co has already gained an early lead. This fierce, multi-year competition has clearly shown a winner; at least for now, Eli Lilly and Co has been crowned by the market as the new king in the realm of GLP-1 drugs.
Weight stocks have faced a sharp decline, while the Dow Jones, known as the "most resilient" index in the U.S. stock market, has fallen against the trend.
The Dow Jones uses a price-weighted method, which means that price changes in high stock price shares have a greater impact on the index than those in low stock price shares. Overnight, the largest weighted stock, UnitedHealth, plummeted 18%, dragging the Dow down by 1.2%, while the S&P 500 Index rose by as much as 0.6%. Media compilation data shows that since 1954, instances where the Dow fell by 1% or more while the S&P rose at least 0.5% have only occurred once.
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