Eli Lilly Boosted by Regulatory Upgrade and AI Initiatives

2 months ago

Carmen Reini

"yeah for sure so shares of Eli Liy which is ticker LLY are up 4.8% 8% right now. Um they're on track for a record high close. Uh so basically Ling Partners upgraded the company to outperform from market perform. Uh this is after the recent deal with the Trump administration to cut prices for obesity drugs in exchange for wider Medicare coverage. Um that happened last week. So I think we're just seeing so some continued trading on that. Uh the company also said that it was going to utilize um an AI platform to aid in drug discovery. So that could be giving shares sort of an extra little boost today if there's investor optimism about you know using artificial intelligence in the the healthcare space"

The discussion on Eli Lilly emphasizes its current upward momentum, supported by an upgrade to outperform following a deal to reduce obesity drug prices and the implementation of an AI-driven drug discovery platform, suggesting near-term positive catalysts.

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