Lilly deepens its decline after the appointment of RFK Jr to a position in the health sector in the United States – 11/18/2024 at 7:02 p.m.

Lilly deepens its decline after the appointment of RFK Jr to a position in the health sector in the United States – 11/18/2024 at 7:02 p.m.
Lilly deepens its decline after the appointment of RFK Jr to a position in the health sector in the United States – 11/18/2024 at 7:02 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

Nov. 18 – **Shares of drugmaker Eli Lilly LLY.N fall about 3.8% to $718.08, marking a fifth straight session of losses

** Evan Seigerman, analyst at BMO Capital Markets, says Lilly shares fell on the follow-up to Thursday's announcement of Robert F. Kennedy Jr. to lead the U.S. Department of Health and Human Services social (US Department of Health and Human Services)

** Shares of obesity drug makers such as Novo Nordisk NOVOb.CO NVO.O and Lilly have fallen since the ruling

**Kennedy criticizes that these obesity drugs focus on symptoms rather than improving the food system

** Seigerman says Kennedy remains limited in his ability to influence policy or the price of obesity drugs

** Lilly shares are up 55% through October, making it the world's most valuable health care company

** Separately, Novo says it has launched its popular obesity drug, Wegovy, in China

**However, the drugmaker's U.S.-listed shares are down 1.5% at $100.20

**Throughout last close, LLY stock was up 23.9%, NVO was down 3% year-to-date

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