Lilly proposes two new manufacturing sites in Indiana

Eli Lilly & Co. Inc. LLY, +0.18% said Wednesday that it plans to invest $2.1 billion in two new manufacturing sites in Indiana. The proposed sites are expected to create 500 jobs for Lilly workers. The company’s stock is up 10.8% for the year, while the broader S&P 500 SPX, +0.17% has declined 17.3%.