Eli Lilly becomes first pharma group to join $1tn club

President Donald Trump's latest diplomatic efforts in Ukraine focus on securing financial agreements as part of his peacemaking initiatives. This approach reflects his ongoing strategy to leverage dealmaking in shaping U.S. foreign policy.

Eli Lilly has appointed Carolyn Bertozzi to its board of directors, effective December. Bertozzi is a renowned chemist and Nobel laureate, bringing significant expertise to the pharmaceutical company as it continues to expand its market presence.

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Billionaire investor Bill Ackman is planning to take his hedge fund, Pershing Square, public as early as the first quarter of 2026. This move marks a significant step for Ackman, who has been a prominent figure in the investment community.

The Score is a weekly review highlighting significant stock movements and the news influencing them. This week, notable stocks include Nvidia, Constellation, Eli Lilly, and Gap, with Nvidia's performance particularly impacting market sentiment.

Eli Lilly, a 150-year-old pharmaceutical company based in Indianapolis, has become the first healthcare company to reach a market value of $1 trillion. This milestone is largely attributed to its success in the GLP-1 weight loss drug market, particularly with products like Zepbound and Mounjaro.

Christine Lagarde, President of the European Central Bank, has warned that European economic growth is increasingly at risk due to a reliance on an export-dependent model that is becoming obsolete. She criticized policymakers for six years of inaction, emphasizing the urgent need for reforms to adapt to changing global dynamics.