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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
The Law of Unintended Consequences strikes…
https://www.investors.com/news/techn...-free-insulin/
Quote:
Eli Lilly Dives After Fake Twitter Account Promises Free Insulin; Takes Novo Nordisk, Sanofi With It
Elon Musk's new pay-for-play verification system on Twitter shook pharmaceutical mainstay Eli Lilly (LLY) — leading LLY stock to skid Friday — after a fake account claimed "insulin is free now."
The tweet went live around 1:30 p.m. on Thursday from an account claiming to be Eli Lilly. It remained online for several hours, gaining steam from hundreds of retweets and thousands of likes. As of Friday morning, the fake account is no longer verified and its tweets are now private.
But that didn't stop LLY stock from falling 2.2% near 360.70 in morning trades on today's stock market.
"We apologize to those who have been served a misleading message from a fake Lilly account," the company said from its official account…
… The LLY stock slide also extended to its rivals. Novo Nordisk shares fell 3.2% near 111.80. Sanofi stock lost 4%, trading near 42.60.
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