Lilly Ups Guidance on Weight Loss, Obesity Drugs’ Strength

Eli Lilly & Co. raised its full-year guidance as revenue from its blockbuster weight loss and diabetes drugs beat expectations in the third quarter and it began solidifying its lead over its biggest rival.

The company’s shares rose 3% at 9:33 a.m. in New York on Thursday, after gaining 5.4% this year through Wednesday’s close.