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Squawk on the Street

Cramer's Morning Take: Bristol Myers & Eli Lilly 11/25/24

Nov 25, 2024
Jim and Jeff dive into the biopharmaceutical landscape, spotlighting Bristol-Myers' groundbreaking schizophrenia drug and its investment implications. They also discuss the looming patent cliffs that could reshape earnings forecasts by 2028. The conversation veers into the financial outlook for major players like Bristol-Myers and Eli Lilly, exploring revenue potential linked to new drug approvals amidst the challenges of product development. It's an insightful take on the pharmaceutical market dynamics and investment strategies.
03:55

Podcast summary created with Snipd AI

Quick takeaways

  • Investors are encouraged to diversify portfolios by incorporating alternative assets to enhance long-term financial success.
  • Bristol-Myers' new schizophrenia drug represents a breakthrough in treatment, offering significant revenue potential and investment opportunities.

Deep dives

Investment Strategies in Alternative Assets

A focus on diversifying investment portfolios highlights the advantages of alternative assets. By leveraging expertise in both liquid and illiquid strategies, investors can enhance their chances of achieving long-term financial goals. PGM's management of over $320 billion in such assets across public and private markets demonstrates its commitment to helping clients navigate the complexities of today’s investment landscape. This approach enables investors to capitalize on opportunities in emerging markets and sectors, ensuring a robust and varied portfolio.

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