Posted 2/20/2024, 6:41:00 AM
Obesity Drugs' Rise Threatens Junk Food Firms, Benefits Health Companies
- Weight loss drugs like Ozempic threaten junk food companies' business models
- Nearly 75% of survey respondents said food companies should adjust portions, recipes, or divest assets
- Unhealthy foods increasingly seen as bad investments, like fossil fuels sector
- If obesity drugs take off, long-term impact expected on alcohol, snacks, smoking industries
- Eli Lilly seen as one of biggest winners; some say it should replace Tesla in “Magnificent Seven” mega-cap stocks