Trump says Eli Lilly to build six US plants

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/18/2026

1. NVDA
2. HD
3. AMLX
4. METC
5. SPY
6. DOO
7. ARGX
8. INFQ

January 29, 2026 1:05 PM EST

FILE PHOTO: A drone view shows the Eli Lilly logo on one of the company’s offices in San Diego, California, U.S., November 21, 2025. REUTERS/Mike Blake/File Photo

WASHINGTON, Jan ⁠29 (Reuters) - U.S. ⁠President ‍Donald Trump said on Thursday that the head of Eli ‍Lilly has told him the pharmaceutical ​company plans to build six plants ​in the U.S.

"I spoke with the head of Eli Lilly, who's a fantastic guy, a star ​actually, he's a star, very smart, and he told me ​he's building six plants in the United States, big ‌ones," Trump said during a cabinet meeting at the White House.

Lilly ​said last year ⁠that it planned to spend at least $27 billion to build ‌four U.S. plants to expand production and bolster medical supply chains. The ‌company has since announced details on three plants, ‌in Alabama, Virginia and Texas.

A spokesperson for Lilly said the company has announced plans ‍for nine new manufacturing sites in the U.S. since 2020, ⁠including the three announced since last year.

(Reporting by Steve Holland and Leah Douglas in Washington; Editing by Lisa Shumaker and Chizu Nomiyama)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Donald J. Trump