CNBC's "Fast Money"
Down Day For Drugmakers… And Intel Jumps On Deal Rumors 1/17/25
Jan 17, 2025
Dr. Kavita Patel, a medical contributor at NBC News and MSNBC, dives into the recent turmoil in the pharmaceutical industry, especially as Novo Nordisk's shares hit an 18-month low due to new Medicare price negotiations. She discusses the implications for the weight loss drug market and investor concerns about healthcare under changing political conditions. On another note, she speculates about Intel's stock surge driven by M&A rumors and what potential deals could mean for the tech sector.
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Quick takeaways
- Novo Nordisk and Eli Lilly see significant stock declines due to Medicare's drug price negotiations impacting the weight loss drug market.
- Intel's stock rises amid merger and acquisition rumors, indicating potential significant shifts and opportunities within the tech sector.
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