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President Trump announced a deal with pharmaceutical companies Eli Lilly and Novo Nordisk to lower the cost of weight-loss drugs Wegovy and Zepbound

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At the same time, both Lilly and Novo Nordisk made multi-billion dollar capital investments in expanding their manufacturing capacity to satisfy unrelenting patient demand, including pharmas largest M&A deal of the year, the $16.5Bn acquisition of CDMO Catalent by Novo Holdings, the controlling shareholder of Novo Nordisk