Dow Jones Gains 187 Points on Walmart Healthcare Deal, Boeing Mega-Order
The Dow Jones Industrial Average (DJINDICES: ^DJI) is up 187.6 points as of 2:33 p.m. EDT on June 30, to close out the first half of 2021 ahead of other indices. Today's gains are being led by Walmart (NYSE: WMT), up 2.7% on news of its insulin deal with Novo Nordisk (NYSE: NVO), and Boeing Co (NYSE: BA), up 2.1% after yesterday's mega-deal with United Airlines Holdings (NYSE:UAL ). Twenty-three of the 30 stocks in the index are on track to end the day higher. However, Intel (NASDAQ: INTC) is heading toward a loss of 2% on news that it is delaying production of its newest server processors.
Image source: Getty Images.
Leading the Dow higher today are shares of mega-retailer Walmart, which announced on June 29 it had partnered with Novo Nordisk to offer a Walmart-branded insulin and injection device under the ReliOn brand name. The company is flexing its scale to offer this product at a significant discount. It will price insulin at $72.88 per vial and its FlexPen injector at $85.88, a discount it claims is between 58% and 75% lower than the cash price of competing insulin products currently available.
Source Fool.com
