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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[–] treadful@lemmy.zip 13 points 2 years ago (6 children)

How prolific is a diet pill if it has brought down sales by 9%? Or are these relatively few people really having that much of an impact?

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

There's a shortage of it. They cant produce enough of it right now. So pretty prolific. Also it's an injection.

But there's online services that will let you get it for weight loss for like $200 a month and practically no push back because they are operating in a weird online pharmacy grey market. The Verge just did a big article about it. But that worked so well that company isn't doing it anymore because they caused a shortage and can't supply themselves.

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