7 ms·
Nestle stock is going to be very unhappy. Because of how these drugs work, there is no world for them to sell more snacks out of this. It’s already been eroding
by gmerc 3y ago
Nestle stock is going to be very unhappy. Because of how these drugs work, there is no world for them to sell more snacks out of this. It’s already been eroding their earnings.
- killingtime74 3y agoThey will probably invest more in places where people can't afford the list price of $1300 a month.
- toomuchtodo 3y agoTangentially, the Danish central bank has had to take monetary policy measures due to the impact to the currency Novo Nordisk’s revenue windfall. Wild that this has been so impactful, both in the medical field and the currency market. https://www.cnn.com/2023/08/21/business/ozempic-wegovy-demand-denmark-economy/index.html https://www.cnn.com/2023/08/21/business/ozempic-wegovy-deman... New Lilly is preparing to release a pill form competitor that is 20% cheaper: https://www.bloomberg.com/news/articles/2023-11-08/ozempic-wegovy-face-weight-loss-drug-competition-from-lilly-s-zepbound https://www.bloomberg.com/news/articles/2023-11-08/ozempic-w...
- slau 3y agoThere’s a joke going around that a few years ago, when NN employees used to introduce themselves, people would correct them “Did you mean Novartis?” Now, it’s Novartis employees who are being corrected.