Eli Lilly Cuts Sales Outlook After Sluggish Growth for Incretin Drugs

• Eli Lilly CEO expects new weight loss pill to be approved next year

  Eli Lilly and its rivals are working to develop more convenient options than the injectable Zepbound and Wegovy, which dominate the weight loss drug market.
  
  CNBC - 1d

• Eli Lilly strikes deal for cancer treatment, gives timeline for weight loss pill

  Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
  
  CNBC - 1d

• Nordstrom raises sales outlook after holiday season was better than feared

  CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."
  
  CNBC - 4d

• Medicare can now cover Eli Lilly's Zepbound for sleep apnea, Health Department agency says

  It opens the door for broader coverage and access to Zepbound, which is not currently covered by Medicare and many other insurance plans for weight loss.
  
  CNBC - 5d

• Medicare can cover Zepbound for sleep apnea, creating a significant opportunity for Eli Lilly

  Zepbound is not covered by Medicare or many other insurance plans as a treatment for weight loss. The injectable treatment costs about $1,000 a month without insurance.
  
  MarketWatch - 5d

• Eli Lilly's lead in the obesity race has grown. Its recent stock performance says otherwise

  Eli Lilly has been one of the worst-performing Club stocks over the past six months.
  
  CNBC - 6d

• Louisiana mayor arrested after drug trafficking investigation

  Seven people — including Tyrin Truong, mayor of Bogalusa, Louisiana — are facing charges issued in connection with a drug trafficking investigation.
  
  CBS News - Jan. 7

• Ulta Beauty gains on new CEO pick and sales outlook. But analysts debate the threat from rivals.

  Ulta said Kecia Steelman, who became its chief operating officer in 2023, would be its new chief executive.
  
  MarketWatch - Jan. 7
• 

  UK retail sales growth ‘minimal’ in final quarter of 2024, data shows

  BRC survey suggests consumers stayed cautious during what is usually busiest time of year
  
  Financial Times - Jan. 7

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