Norway's giant wealth fund touts possibility of Novo Nordisk, Eli Lilly joining the trillion-dollar club
Publishing timestamp: 2024-01-31 06:46:12
Summary
Norway's wealth fund suggests that Novo Nordisk and Eli Lilly could become the first health care companies to join the trillion-dollar club due to the increasing demand for diabetes and weight loss drugs. Novo Nordisk's market valuation surpassed $500 billion, while Eli Lilly's market value currently stands at roughly $612 billion. The launch of effective weight loss drugs has made these companies household names, and there is potential for further growth in the market.
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Keywords: health care industry, novo nordisk a/s, apple inc, technology, eli lilly and co, business news, pharmaceuticals, breaking news: technology, microsoft corp, amazon.com inc,