Stocks are little changed Tuesday as traders assess fresh earnings and new data: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Stocks were flat Tuesday as the market rally took another breather, with investors looking ahead to key data slated for release later this week.

Eli Lilly shares have been riding the excitement over anti-obesity drugs for quite a while, but not today. Shares were down slightly as investors rallied around Viking Therapeutics , a clinical stage biopharmaceutical company that is developing an oral drug that would compete with Lilly's Zepbound. Viking's therapy, VK2735, showed promising results in a phase 2 trial . Patients enrolled in the study tolerated the drug very well, with very few stopping treatment.

mountain Viking stock year to date. Viking shares were up more than 90% in recent trading. Even ahead of Tuesday's news, the stock has soared so far this year. Although Viking's results are promising, analysts believe the market is so vast for these drugs that there is an opportunity for additional players. Also both Novo Nordisk and Lilly, the market leaders, also have next-generation drugs in their pipeline.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European markets lower as sentiment struggles; Barclays rises on earningsEuropean stocks were lower Tuesday as sentiment struggles to pick up in global markets.
Source: CNBC - 🏆 12. / 72 Read more »