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Following the announcement, Novo Nordisk's shares initially climbed as much as 4.9%. Though they later paired some of those gains, they were still trading over 1% higher by mid-afternoon in Europe. Eli Lilly, Novo Nordisk's rival, also saw its stocks increase by over 4% during early trading sessions, reflecting the broader market optimism around the proposed health reforms.
The Future of Obesity Treatment in the U.S.
President Biden's proposal marks a pivotal moment in the fight against obesity—an epidemic affecting millions across the United States. The potential expansion of drug coverage is a promising sign that the government acknowledges obesity as a significant health issue worthy of attention and resources.