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  • A new class of weight loss drugs are powering massive stock market gains for Novo Nordisk and Eli Lilly.
  • Both stocks surged more than 16% on Tuesday, boosting the combined valuation of both companies to nearly $1 trillion.
  • A new study showed Novo Nordisk's Wegovy lowered the risk of heart attack or stroke by 20%.

A new class of weight loss drugs has powered massive stock market gains for two pharmaceutical companies: Novo Nordisk and Eli Lilly.