Trump says Eli Lilly to build six “big” U.S. plants

  • Citing a conversation with Eli Lilly (LLY) CEO David Ricks, President Donald Trump said on Thursday that the weight loss drugmaker plans to build six “big” manufacturing plants in the U.S.
  • “I spoke with the head of Eli Lilly, who’s a fantastic guy, a star actually—he’s a star, very smart—and he told me he’s building six plants in the United States, big ones,” Trump said during a cabinet meeting at the White House.
  • The Indiana-based pharma giant pledged to begin construction work on four domestic manufacturing sites last year as part of a plan to more than double its recent investments in domestic medicine production to over $50B.
  • The company has already named Alabama, Virginia, and Texas as sites for three of those plants.

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