(Bloomberg) — Eli Lilly & Co. (LLY) authorised a program to purchase again as a lot as $15 billion of its personal shares amid fast progress fueled partially by the blockbuster weight-loss drug Zepbound.
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The corporate additionally raised its quarterly dividend 15%, in keeping with a press release Monday. The shares rose as a lot as 1.3% in late buying and selling after the US markets closed.
The share repurchases could also be made sometimes at administration’s discretion, Lilly mentioned.
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