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Eli Lilly, Novo Both Share Good News on Weight-Loss Drugs. Only One Stock Is Rising.

By Mackenzie Tatananni

and Callum Keown

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NVO

Eli Lilly stock is up 47% over the past year, while Novo is down more than 40% over that period. (Daniel Acker/Bloomberg)

Eli LillyandNovo Nordiskmay be the undisputed duopoly of weight-loss drugs, but their diverging stock performance suggests Wall Street has picked a favorite—for now.

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