Betting on Ozempic? I’ve heard this one before

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The stock market is salivating over the money-making potential in the weight-loss wonder drug. Are we back in the ’70s?

There’s nobody better than a stock market analyst to find opportunity in the strangest of places. Send news of a terrible earthquake that’s killed hundreds, and they will be calculating the impact on the price of coffee beans. An awful war in the Middle East? Sounds like a good reason to buy shares in Australian oil and gas.

I’m sure the share analysts are at work right now. Belt manufacturers will be using less leather, so invest now. Those behind the new generation of weight-loss drugs shrug off the problems of the past. The method, they say, is quite different. They’ve been used for years for type two diabetes. The results are amazing. Then again, as Johann Hari points out in his new and nicely balanced book,, the scientists don’t really know how they work. They seem to have an impact on the reward systems in the brain – the systems that make us want to eat, procreate and enjoy life.

 

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