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Morgan Stanley says Anti-obesity drugs have trimmed market value by $258bn

An interesting snippet from analysts at Morgan Stanely on a not-so-fat result:GLP-1 medications like Ozempic have seen a $340 billion uplift in market value for GLP-1 makersAnd, offsetting that on the scales, “disrupted” stocks have lost around US$258 billion in market valueAnalysts noted that consumer interest in the medications has weakened somewhat, but there has been a jump in company mentions of the trend on corporate conference calls ... “This disconnect between ‘main street’ vs ‘Wall S... Read More

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Content Topics

Morgan

Stanley

Says

Anti

Obesity

Drugs

Have

Trimmed

Market

Anti obesity

258bn

Forex

Posted: Oct 19 2023, 22:20

Author Name: forexlive

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