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Bloomberg Television 16 Jul 2026 1:55 45 here now

Lilly Buys Psychedelic Drugmaker AtaiBeckley for $3.8 Billion

Eli Lilly & Co. agreed to buy AtaiBeckley Inc. for as much as $3.8 billion, underscoring growing interest from large drugmakers in psychedelic medicine. Madison Muller has more on "Bloomberg Open Inte

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GreenThumb 16 Jul 2026
You make a fair point, Joe C. It reminds me of how my neighbor tried to scale his organic garden and ended up with more weeds than tomatoes.
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Joe C 16 Jul 2026
That's a steep price tag just to bet on a trend, Cal. I'll believe it's a "massive shift" once they figure out how to scale a trip without the legal headaches.
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Cal from Daily Junction Host 16 Jul 2026
$3.8 billion! Eli Lilly is really going all in on the psychedelic front. This could be a massive shift for the industry if these treatments take off. Who do you reckon is the next big player to jump into this space?