Nestle SA
Weight loss drugs like Wegovy could spawn a host of new piggyback product lines
Novo Nordisk’s Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty Images LONDON — The rapid rise of weight loss drugs like Wegovy is generating a host of new product lines as companies hope to land on the right side of the health care disruptor. Industries spanning food and beverage […]
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Nutritional needs are ‘shifting’ amid rise of weight loss drugs, says Nestle CEO
A picture taken on February 21, 2024 show the logo of Swiss food giant Nestle on the company’s headquarters in Vevey, western Switzerland. Fabrice Coffrini | Afp | Getty Images The meteoric rise of weight loss drugs means consumers’ nutritional needs are “shifting” which provides new opportunities for food companies, Nestle CEO Mark Schneider told […]
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Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
Vital Pursuit’s Garlic Herb Grilled Chicken Bowl Source: Nestle North America Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy. Over the last year, the buzzy weight loss and diabetes drugs have taken off as more options hit the […]
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The 11 GRANOLAS shares power Europe to file highs, drawing Magnificent Seven comparisons
The German share selling price index DAX graph is pictured at the inventory trade in Frankfurt, Germany, January 19, 2024. Employees | Reuters Above the last 12 months, just 11 shares manufactured up half of the gains that driven the pan-European Stoxx 600 stock index to a document-large close on Friday. Earlier this month, Goldman […]
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The 11 GRANOLAS stocks power Europe to record highs, drawing Magnificent Seven comparisons
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 19, 2024. Staff | Reuters Over the last 12 months, just 11 stocks made up half of the gains that powered the pan-European Stoxx 600 stock index to a record-high close on Friday. Earlier this month, Goldman Sachs […]
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Consumers are tired of inflation. But some retailers fear falling prices
A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty Images Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on […]
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Asset manager names a person beneath-the-radar current market to get when times are terrible, supplying 6 stock picks
Considerations above worsening geopolitical tensions, volatility in corporate earnings and uncertainty on when the U.S. Federal Reserve will cut desire charges have sent some buyers on the hunt for secure-haven assets — and marketplaces — to put their dollars in. One particular European index stands out to portfolio supervisor Carla Bänziger even in a falling […]
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Oprah's flip on weight loss drugs is a sign of what's to come for the 'Ozempic trade' in 2024
For many struggling with obesity, new medications have been “a gift,” as Oprah Winfrey recently described it in declaring she was “done with the shaming.” Investors in drug manufacturers Novo Nordisk and Eli Lilly might use the same term for the returns they’ve realized over the past year. U.S.-listed shares of Novo Nordisk, the maker […]
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These are the stocks that will benefit — and lose out — from the wellness trend, Morgan Stanley says
Weight loss drugs have been in the spotlight. But they’re just one aspect of a growing focus on health — on the part of both consumers and governments. The Covid-19 pandemic was a big factor behind the rising focus on weight and its implications for health, Morgan Stanley noted. “Thus health (or wellness) has become […]
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Food-delivery startup Wonder Group gets $100 million investment from Nestle
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It’s also developed high-tech kitchen equipment to speed up and simplify cooking. Wonder Group Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment […]
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