How weight loss drugs are capturing Wall Street’s imagination

Weight loss and diabetes drugs – a potential $100 billion industry – have captured Wall Street’s imagination. It’s a market dominated by just three products so far – Novo Nordisk's have already been diversifying their portfolios to cater to shifting consumer needs, introducing zero calorie options and smaller sizes. Restaurants sales could be hit too, though if diners opt for pricier salads over burgers, overall sales could end up getting a boost.

In the restaurant industry, stability is critical.So when David Ferguson noticed an unexpected $200 charge on his credit card bill from the tech company he uses to help manage his business, he figured it was an accounting mistake.Ferguson is the chef and owner at Gus, a small restaurant in Montreal's Petite-Patrie neighbourhood.He started using Lightspeed, a publicly traded Canadian point-of-sale supplier, about four years ago.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Save Our Streets Coalition Calls for Immediate Action to Address Rising Crime RatesThe Save Our Streets coalition is urging federal and provincial governments to take immediate action to address the rising crime rates, staff safety concerns, and increasing security costs. The group emphasizes the need for a comprehensive approach rather than focusing on singular aspects of the problem. Retailers, business associations, and crime prevention organizations are part of the coalition, highlighting the widespread impact of the issue across the province.
Source: PGCitizen - 🏆 65. / 51 Read more »

Wall Street Cuts S&P 500 Expectations as Geopolitical Risk RisesA Federal Reserve pause, seasonal tailwinds, an earnings-led rally. Many of the reasons that got Wall Street strategists increasingly bullish coming into the end of the year now look like wishful thinking.
Source: BNNBloomberg - 🏆 83. / 50 Read more »