Health
Eli Lilly Surpasses UnitedHealth as World’s Biggest Health-Care Firm
- Stock’s valuation pushed by obesity shot, Alzheimer’s drug
- Lilly is top-performing stock in S&P 500 Pharmaceuticals Index
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Eli Lilly & Co. became the world’s biggest health-care company by market value, surging ahead of health insurance giant UnitedHealth Group Inc.
The drugmaker gained 0.9% on Wednesday, extending its advance after four straight months of gains while adding more than $94 billion to its value this year. Lilly ended June at a record high.