News Formal

Surge in obesity drugs like Ozempic has pummeled big food stocks. Is it time to eat them up?

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Time to check in on the other side of the food trade after a violent sell-off.

Mr. Market is still having major digestive issues with the stocks of the world's largest food and beverage companies.) have shed an average of 13.5% in the past six months, according to numbers crunched by Yahoo Finance. The Dow Jones Industrial Average and S&P 500 are each down about 1% over the same time span.

To be sure, the base for this acceleration in obesity drug users has been established — hence the uproar in the markets for these often savory stocks. Pepsi mini sodas are displayed on shelves at a Walmart Supercenter on Dec. 6, 2022 in Austin, Texas.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Surge in obesity drugs like Ozempic have pummeled big food stocks. Is it time to eat them up?Time to check in on the other side of the food trade after a violent sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »