Eli Lilly's Stock Surge Driven by GLP-1 Demand

According to May's employment situation report (NFP), the U.S. economy added 272,000 jobs during the month. The healthcare industry took down 68,300 employees, or roughly 25.1%. More than that, Janus Henderson, Eli Lilly's largest shareholder, decided to boost its already sizeable stake in the stock in the past quarter. A 7.3% boost as of May 2024 brought the asset manager's position up to $2.8 billion today. There's always a good reason for markets to push stocks near their 52-week highs. Investors can now ...