Novo Nordisk and Eli Lilly Slide as Biden Blasts Weight-Loss Drug Prices

Key TakeawaysNovo Nordisk and Eli Lilly shares lost ground Tuesday after U.S. President Joe Biden and Senator Bernie Sanders called out the companies in an op-ed for the cost of their medicines.Biden and Sanders said big pharmaceutical firms of charge "outrageous prices" for prescription drugs, and cited the cost of weight-loss drugs made by Novo Nordisk and Eli Lilly.Biden and Sanders warned they would take action if Novo Nordisk and other pharmaceutical companies do not “substantially lower" prescription ...