markets

J. Edward Moreno6/20/25

Eli Lilly slips after UK declines to cover Alzheimer’s drug

Eli Lilly fell about 3% on Friday after the United Kingdom’s national health provider said it wouldn’t cover the company’s new Alzheimer’s treatment.

The benefits of the injection are too small to justify the cost, the UK’s National Institute for Health and Care Excellence said on Thursday. The drug, Kisunla, is the first to have shown it can slow the progression of Alzheimer’s, but is expensive and comes with safety risks.

The market for the blockbuster drug may be smaller than initially expected. While Medicaid in the US does cover monthly injections, the European Union in May declined to approve the drug over risks of brain swelling.

Analysts polled by FactSet expect the drug to generate $153.3 million in revenue for Lilly this year. That’s down from the $173.8 million consensus in March.

Final draft guidance finds benefits of 2 Alzheimer’s treatments remain too small to justify the additional costs to the NHS

Final draft guidance finds benefits of 2 Alzheimer’s treatments remain too small to justify the additional costs to the NHS

The market for the blockbuster drug may be smaller than initially expected. While Medicaid in the US does cover monthly injections, the European Union in May declined to approve the drug over risks of brain swelling.

Analysts polled by FactSet expect the drug to generate $153.3 million in revenue for Lilly this year. That’s down from the $173.8 million consensus in March.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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