Eli Lilly (LLY) shares slid at the open despite topping first quarter estimates, with investors reacting to the company lowering its full-year profit outlook. Investors are also reacting to a new deal between rival Novo Nordisk (NVO) and CVS (CVS) that could sideline Lilly’s weight-loss drug Zepbound.
Yahoo Finance Senior Reporter Anjalee Khemlani joins Morning Brief to break down what’s weighing on Eli Lilly’s stock.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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