Weekend Business News Roundup February 10, 2024

Weekend Business News Roundup February 10, 2024

Image: Laura Bratton, Photos: Post Consumer Brands (press release), Justin Sullivan (Getty Images) Rappers Snoop Dogg and Master P may have already made their mark in hip hop, but their real dream was to make cereal. Yes, cereal. Or at least that’s what the two performers (who are worth $160 million and $200 million, respectively) … Read more

Most People Who Stop Taking Wegovy/Ozempic Keep the Weight Off, Study Finds

Most People Who Stop Taking Wegovy/Ozempic Keep the Weight Off, Study Finds

A popular class of weight loss drugs may offer more lasting success than assumed, new data from Epic Research suggests. The study of medical records found that a slight majority of people who took GLP-1 drugs like semaglutide either maintained or improved their weight loss in the year after they stopped using the medication. More … Read more

Investor patience tested as pharmaceutical stocks take a tumble

Investor patience tested as pharmaceutical stocks take a tumble

Key Points The Health Care Select Sector SPDR Fund has dropped 3.81% in the last month and 8.03% in the past three months. Pharmaceuticals’ weak earnings reports are contributing to the healthcare sector’s recent underperformance. Bristol Myers Squibb, AbbVie, Merck, Johnson & Johnson, and Pfizer all traded below previous highs due to earnings concerns. 5 … Read more

What impact will Ozempic have on health and business?

What impact will Ozempic have on health and business?

The slim version A year ago, most people had never heard the word “Ozempic.” Now, the weight loss “wonder drug” and a nearly identical prescription called Wegovy are on the tip of everyone’s tongues. The weekly injectable, initially developed to treat Type 1 diabetes, has been hailed as a “breakthrough,” a “game-changer,” “revolutionary,” and, yes, … Read more

America's Food Giants Confront the Ozempic Era – The Wall Street Journal

America's Food Giants Confront the Ozempic Era – The Wall Street Journal

America’s Food Giants Confront the Ozempic Era  The Wall Street Journal Source link credite

To Pay for Weight Loss Drugs, Some Take Second Jobs, Ring Up Credit Card Debts – The Wall Street Journal

To Pay for Weight Loss Drugs, Some Take Second Jobs, Ring Up Credit Card Debts – The Wall Street Journal

To Pay for Weight Loss Drugs, Some Take Second Jobs, Ring Up Credit Card Debts  The Wall Street Journal Source link

Ozempic, Mounjaro manufacturers sued over risk of stomach paralysis

Ozempic, Mounjaro manufacturers sued over risk of stomach paralysis

A Louisiana woman sued the manufacturers of popular weight loss drugs Ozempic and Mounjaro on Wednesday, alleging that the drug makers failed to warn patients about the risk of severe gastrointestinal problems. The lawsuit claims that Novo Nordisk and Eli Lilly, the respective manufacturers of Ozempic and Mounjaro, “downplayed the severity of the gastrointestinal events” … Read more