Eli Lilly stock dips after report flags China price cuts for Mounjaro
Eli Lilly shares fell 0.2% to $1,077.00 Tuesday morning after Reuters reported the company and Novo Nordisk are cutting obesity drug prices in China. A hospital in Nanjing said Mounjaro prices will drop sharply Jan. 1, and Novo confirmed Wegovy price cuts. An SEC filing showed Lilly Endowment sold 2,629 shares.