{"id":74564,"date":"2026-11-12T06:10:14","date_gmt":"2026-11-12T10:10:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/"},"modified":"2026-11-12T06:10:14","modified_gmt":"2026-11-12T10:10:14","slug":"eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/","title":{"rendered":"Eli Lilly Secures Historic Weight-Loss Pill Approval in China; SMIC Earnings Surge"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/#Healthcare_Eli_Lilly_Breaks_Ground_in_China\" >Healthcare: Eli Lilly Breaks Ground in China<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/#Technology_Semiconductors_SMIC_Outperforms_Estimates\" >Technology &amp; Semiconductors: SMIC Outperforms Estimates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/#Energy_Infrastructure_Amazon_and_BP_Expand_Footprints\" >Energy &amp; Infrastructure: Amazon and BP Expand Footprints<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/#Geopolitics_Starshield_Disruptions_and_Diplomatic_Summits\" >Geopolitics: Starshield Disruptions and Diplomatic Summits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/eli-lilly-secures-historic-weight-loss-pill-approval-in-china-smic-earnings-surge\/74564\/#Global_Economic_Indicators\" >Global Economic Indicators<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> became the first drugmaker to receive Chinese regulatory approval for an <strong>oral GLP-1 weight-loss drug<\/strong>, orforglipron, gaining a critical first-mover advantage in the world&#39;s second-largest pharmaceutical market.<\/li>\n<li><strong>SMIC (<a href=\"\/stock\/0981\">0981<\/a>)<\/strong> reported a massive <strong>87.6% year-over-year surge in Q3 net income<\/strong> to \u00a52.85 billion, driven by high capacity utilization and robust demand for AI-related peripheral chips.<\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> announced a landmark <strong>$4 billion investment in Chile<\/strong> to launch its first cloud infrastructure region in the country, aiming to boost local GDP by over $7.5 billion.<\/li>\n<li><strong>Ukrainian President Zelensky<\/strong> reported systematic <strong>Starshield speed restrictions of 161 kph (100 mph)<\/strong>, which are reportedly hindering the military&#39;s ability to intercept Russian jet-powered drones.<\/li>\n<li><strong>BP (<a href=\"\/stock\/BP\">BP<\/a>)<\/strong> is in active discussions to sell a stake in its major <strong>Bumerangue oil discovery<\/strong> off the coast of Brazil to state-run <strong>Petrobras (<a href=\"\/stock\/PBR\">PBR<\/a>)<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Healthcare_Eli_Lilly_Breaks_Ground_in_China\"><\/span>Healthcare: Eli Lilly Breaks Ground in China<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> shares rose 3% following news that China\u2019s National Medical Products Administration (NMPA) approved its oral weight-loss medication, orforglipron. This approval makes <strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> the first company to offer a GLP-1 pill in China, beating rival <strong>Novo Nordisk (<a href=\"\/stock\/NVO\">NVO<\/a>)<\/strong> to a market where over half of the adult population is classified as overweight or obese. Analysts estimate the Chinese GLP-1 market could reach <strong>30 billion yuan ($4.5 billion)<\/strong> within the next seven years.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technology_Semiconductors_SMIC_Outperforms_Estimates\"><\/span>Technology &amp; Semiconductors: SMIC Outperforms Estimates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>China\u2019s top chipmaker, <strong>SMIC (<a href=\"\/stock\/0981\">0981<\/a>)<\/strong>, posted third-quarter results that significantly exceeded market expectations. The company achieved a <strong>gross margin of 29.9%<\/strong>, well above the estimated 25.9%, and reported revenue of <strong>\u00a521.98 billion<\/strong>. Despite the strong performance, management provided a cautious Q4 gross margin guidance of <strong>26% to 28%<\/strong>, reflecting ongoing expansion costs and a shifting product mix. Meanwhile, U.S. chip stocks saw <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> declines, trailing a slide in <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_Infrastructure_Amazon_and_BP_Expand_Footprints\"><\/span>Energy &amp; Infrastructure: Amazon and BP Expand Footprints<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> is deepening its commitment to Latin America with a <strong>$4 billion investment<\/strong> to establish an AWS cloud region in Chile. The project includes three data centers in Santiago and is expected to sustain over <strong>4,100 jobs annually<\/strong>. In the energy sector, <strong>BP (<a href=\"\/stock\/BP\">BP<\/a>)<\/strong> is seeking to de-risk its massive Bumerangue prospect in Brazil by negotiating a stake sale to <strong>Petrobras (<a href=\"\/stock\/PBR\">PBR<\/a>)<\/strong>. The field is one of the most complex deepwater projects in the region, requiring significant technical expertise and capital.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitics_Starshield_Disruptions_and_Diplomatic_Summits\"><\/span>Geopolitics: Starshield Disruptions and Diplomatic Summits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ukrainian President Volodymyr Zelensky warned that <strong>systematic speed limits<\/strong> on the Starshield satellite system are facilitating more accurate Russian strikes. The <strong>161 kph speed cap<\/strong> reportedly prevents Ukrainian interceptors from reaching the velocity necessary to down high-speed targets. On the diplomatic front, Japanese Prime Minister <strong>Sanae Takaichi<\/strong> is seeking bilateral talks with U.S. President <strong>Donald Trump<\/strong> at the upcoming ASEAN summit in the Philippines to discuss regional security and China&#39;s military expansion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Economic_Indicators\"><\/span>Global Economic Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>South Africa reported a <strong>7.5% year-over-year decline in <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> production<\/strong> for September, a steeper drop than the previous month&#39;s 5.7% contraction. While total mining production fell <strong>10.7% annually<\/strong>, a month-on-month recovery of <strong>2.8%<\/strong> offered a slight reprieve for the sector. In commodities, <strong>Brent Crude<\/strong> futures fell 0.3% to <strong>$92.44\/bbl<\/strong> as prices continued to swing amid global supply uncertainty and shifting demand forecasts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Eli Lilly (LLY) became the first drugmaker to receive Chinese regulatory approval for an oral GLP-1 weight-loss drug, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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