The UK thinks weight loss drugs could ease unemployment. Experts say that's a fantasy [CNN]
Eli Lilly and Company (LLY)
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Source: CNN
In the United Kingdom, the government is hoping they might also improve public finances, eyeing their use to help unemployed people re-enter the workforce and ultimately save money on health care. “For many people, these weight-loss jabs will be life-changing, help them get back to work, and ease the demands on our NHS [National Health Service],” British Health Secretary Wes Streeting wrote recently in The Telegraph newspaper. Streeting added that obesity is “placing significant burden on our health service,” costing the NHS £11 billion ($14 billion) annually and leading people to take an average of four more sick days each year, which hurts the economy. To counter that, the government is funding a five-year trial of the weight loss drug Mounjaro, or tirzepatide , in conjunction with the drug manufacturer Eli Lilly, which will collect data on participants' quality of life and changes to their employment status and sick day use. But the proposals have sparked backlash from heal
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LLY
Earnings
- 10/30/24 - Miss
LLY
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- LLY's page on the SEC website