Jim Cramer said this deal is Novo's way to "get more product" and addresses the "tremendous shortage" of these high-demand drugs.
Shares of Eli Lilly , a stock in the CNBC Investing Club 's portfolio, were also up more than 4% ahead of Tuesday's earnings.
Snap – The social media firm laid off 10% of its workforce ahead of Tuesday's earnings.
Jim pointed out that Club name Starbucks (SBUX) has also been experiencing the same thing.
Jim said buy McDonald's stock on weakness.
Persons:
Jim Cramer, Eli Lilly, Lilly, Cramer, Cigna –, Cantor Fitzgerald, Jim
Organizations:
Nordisk, Catalent, CNBC, Microsoft, RBC Capital, Humana, Starbucks, Mattel –, JPMorgan, Vision, Apple
Locations:
Danish, Israel