Shares of Eli Lilly (LLY) and Novo Nordisk (NVO) are moving higher after the Washington Post reported that Medicaid programs and Medicare Part D insurance plans will experiment with covering weight loss drugs Ozempic, Wegovy, Mounjaro and Zepbound for “weight management” purposes. Shares of Eli Lilly are up 3% to $759.41 in morning trading while Novo is up 2% to $48.08.
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