Lilly market cap exceeds $1T in a first for healthcare

Eli Lilly (LLY) shares rose 1.7% shortly after the market opened on Friday to exceed the $1T market capitalization, becoming the first healthcare company to reach the milestone, fueled by investor interest in the company’s GLP-1 franchise.
Shares of the Indiana-based drugmaker hit an intraday high of $1,060.90 at about 9:50 AM ET, following a report that the company and its rival Novo Nordisk (NVO) are set to sell their weight loss drugs directly to employers.