How Eli Lilly Became the First Pharma Company to Reach a $1 Trillion Market Cap

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 21 November 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Nov. 21. It’s mostly tech companies that have hit the milestone of a $1 trillion valuation. As WSJ Heard on the Street columnist David Wainer explains, Eli Lilly’s entrance into this elite club is for a completely different reason: weight-loss drugs. Plus, New Mexico is one of the poorest states in the U.S., but it’s planning to spend millions of dollars per year to be the first state to offer universal childcare. We hear from WSJ economics reporter Harriet Torry about how the plan will work, and what critics say. And now that the U.S. has presented its 28-point peace plan to Ukraine, President Trump says he expects an answer by Thanksgiving, leaving Ukrainian President Volodymyr Zelensky with what he calls a very difficult choice. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Why are businesses like HelloVet choosing Apple products and services?
0:04.8	So we started the business two years ago.
0:07.2	We had a few people who were used to PCs and this was their first foray into Macs.
0:12.5	But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.
0:18.0	Find out how Mac can help you run and grow your business at apple.com forward slash
0:23.6	HelloVet.
0:29.6	President Trump says he wants Ukraine's answer on the U.S. peace plan by Thanksgiving.
0:34.6	The Ukrainian leader calls it a very difficult choice.
0:38.0	Plus, how booming demand for weight loss drugs has helped Eli Lilly become the first
0:42.4	pharmaceutical to join the trillion-dollar company club.
0:45.0	What we're seeing right now is that Lilly has just the most potent drug and the strongest
0:49.0	pipeline. And why social media influencers are pushing people to start taking social security
0:53.9	early.
0:55.1	It's Friday, November 21st. I'm Alex Osloaf for the Wall Street Journal. This is the PM edition
1:00.9	of What's News, the top headlines and business stories that move the world today.
1:19.3	US stocks turned higher today after a top federal reserve official made the case for a near-term cut to interest rates,
1:22.7	leading investors to boost expectations of a December rate cut.
1:27.0	The Dow led the gains in the three indexes, closing up 1.1%. But the rally hasn't been enough to make up for the sharp declines from earlier in the week,
1:32.0	driven by worries about an asset bubble in technology stocks and the value of aggressive
1:36.4	artificial intelligence spending plans. Bitcoin remains under pressure and is down 23% this month.
1:42.8	And some traders say the drop in Bitcoin may be forcing
1:45.4	some other selling in stock markets. For the week, the Dow closed down 1.9%. The S&P fell 2% and the
	...

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