A Boring Dystopia

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Ozempic Threatens Profits at Food and Beverage Makers Worldwide (www.bloomberg.com)

submitted 2 years ago by lettruthout@lemmy.world to c/aboringdystopia@lemmy.world

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So far, fear has driven investors to sell consumer-exposed stocks. A basket of such companies — including Oreo cookies maker Mondelez International Inc. and Modelo beer producer Constellation Brand Inc. — is down nearly 9% since early August with losses roughly double those of the S&P 500 Index, while makers of things like insulin pumps have wiped out close to a third of their value over the same stretch amid concerns that fewer people will need their products.

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[–] PeleSpirit@lemmy.world 4 points 2 years ago

Thanks, do you know how important this is for the average person? For example, should you not apply to public traded companies during this time, or maybe you should?