Key Takeaways
- President Trump is pressing Ukraine for a decision on a U.S. peace plan by Thanksgiving.
- Eli Lilly achieved a $1 trillion valuation, becoming the first pharmaceutical company to do so, driven by weight-loss drug demand.
- New Mexico plans to be the first state to offer universal childcare, funded by oil and gas revenues.
Deep Dive
- President Trump is pressing Ukraine for an answer on a 28-point U.S. peace plan by Thanksgiving.
- The plan includes territorial concessions and military size caps for Ukraine, presenting President Zelensky with a difficult choice.
- This demand comes amid ongoing Russian advances and energy attacks in Ukraine.
- Eli Lilly became the first pharmaceutical company to reach a $1 trillion market capitalization.
- This milestone is primarily due to strong demand for its weight-loss drugs, Mounjaro and Zepbound.
- WSJ columnist David Wainer notes that Eli Lilly's continued valuation depends on the expansion of the obesity drug market, insurance coverage, and drug pricing.
- Eli Lilly secured a deal with the Trump administration to lower Medicare prices for its drugs, while facing competition from Novo Nordisk, Amgen, and Pfizer.
- New Mexico plans to be the first U.S. state to offer universal free childcare to all residents, regardless of income.
- The program, funded by oil and gas revenues, aims to save families an average of $16,000 annually.
- It seeks to boost labor force participation, attract businesses, and add 5,000 childcare workers through incentives and new centers.
- WSJ economics correspondent Harriet Torry explains the initiative targets New Mexico's high poverty rates and low educational attainment.