Market Gains, Nordstrom Deal, Trump's Team, Zepbound Shortage Ends

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Business Notizia

STOCK MARKET,NORDSTROM,DONALD TRUMP

The Dow Jones Industrial Average saw modest gains, while Nordstrom finalized a deal to go private. Donald Trump continues to shape his team, and the shortage of Eli Lilly's weight loss drug Zepbound has ended.

Streaming 24/7: Watch NBC 5 local news and weather for free wherever you areDow Jones Industrial Average

, meanwhile, had a smaller gain, adding just 66.69 points higher, or 0.16%. Trading was light Monday, which is expected to continue today. The market will close at 1 p.m. for the Christmas Eve holiday. Followworth roughly $6.25 billion from members of the founding Nordstrom family and the Mexican department store El Puerto de Liverpool. The family will have majority ownership of the private company, with 50.1%, while Liverpool will own 49.9%. Common shareholders, meanwhile, will receive $24.

The FDA said tirzepatide, the main ingredient in Eli Lilly's weight loss drug Zepbound, is no longer in shortage. That means patients will likely be unable to access compounded — or cheaper, off-brand — versions of the drug that compounding pharmacies were legally allowed to make during the shortage. Six patients told CNBC that they're worried about the price of the brand-name medicine.

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