The Dow Jones Industrial Average saw modest gains, while Nordstrom finalized a deal to go private. Donald Trump continues to shape his team, and the shortage of Eli Lilly's weight loss drug Zepbound has ended.
Streaming 24/7: Watch NBC 5 local news and weather for free wherever you areDow Jones Industrial Average
, meanwhile, had a smaller gain, adding just 66.69 points higher, or 0.16%. Trading was light Monday, which is expected to continue today. The market will close at 1 p.m. for the Christmas Eve holiday. Followworth roughly $6.25 billion from members of the founding Nordstrom family and the Mexican department store El Puerto de Liverpool. The family will have majority ownership of the private company, with 50.1%, while Liverpool will own 49.9%. Common shareholders, meanwhile, will receive $24.
The FDA said tirzepatide, the main ingredient in Eli Lilly's weight loss drug Zepbound, is no longer in shortage. That means patients will likely be unable to access compounded — or cheaper, off-brand — versions of the drug that compounding pharmacies were legally allowed to make during the shortage. Six patients told CNBC that they're worried about the price of the brand-name medicine.
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STOCK MARKET NORDSTROM DONALD TRUMP DRUG SHORTAGE ELI LILLY
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Nordstrom to Be Acquired for $6.25 Billion by Nordstrom Family, Mexican GroupNordstrom Inc. has agreed to be taken private in a $6.25 billion deal led by members of the Nordstrom family and a Mexican retail group. Shareholders will receive $24.25 per share.
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Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion dealCentury-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.
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Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion dealCentury-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.
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Zepbound results in more weight loss than Wegovy in trial, Eli Lilly saysBerkeley Lovelace Jr. is a health and medical reporter for NBC News. He covers the Food and Drug Administration, with a special focus on Covid vaccines, prescription drug pricing and health care. He previously covered the biotech and pharmaceutical industry with CNBC.
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Zepbound leads to more weight loss than Wegovy, study findsStudy participants treated with Zepbound lost 20% of their body weight.
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