The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. U.S. stocks were mixed Thursday as traders weighed May's producer price index data , which showed that inflation pressures may be easing. The S & P 500 edged lower, but still traded near record highs.
Blue Cross Blue Shield of Michigan will reportedly drop coverage of weight loss drugs for Club holding Eli Lilly and Novo Nordisk on certain commercial insurance plans in 2025, according to Bloomberg . The news doesn't change our investment thesis for Lilly. Drugs like Lilly's Zepbound are in short supply with demand far exceeding supply. That appears unlikely to change for a few years, at least.
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