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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[–] MajorHavoc@lemmy.world 12 points 2 years ago (1 children)

Stock Investor: My portfolio feels threatened by the possible future underperformance of Oreo.

Normal person with a rational outlook on life: Guys, we did it! Stop trying so hard!

If profits are flat, learn to accept that cookies are a sometimes food

And for the venture capitalists who won't let us keep nice things - you took away Kaybee Toys and Toys R Us. If you take away Oreos, I can't guarantee your safety. /s