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Eli Lilly posted a second-quarter loss, citing acquisition expenses of $1.6 billion.
The company's net loss was $259.9 million, compared with earnings of $1 billion a year earlier.
Eli Lilly also announced plans to spin off its Elanco animal health business and take it public.
Read more from Fox Business.
Under the weight of rising health care costs, an increasing number of people are surging to the Health Insurance Marketplace rather than opting for employer-sponsored plans.