There’s a specter haunting Wall Street.
It started in biotech, where companies making drugs for the obesity-related liver disease NASH saw their valuations crash on the assumption that GLP-1 weight loss treatments would cut them out of the market. Then the Ozempic panic came for dialysis firms, whose stocks fell about 20% in a single day on the news that Novo Nordisk’s medicine had delayed the progression of kidney disease in a study enrolling people with type 2 diabetes.
advertisement
Now analysts from every sector are cranking out research notes on the disparate, dramatic, and often debatable implications of GLP-1 drugs’ growing popularity, said Jared Holz, a health care specialist at Mizuho Securities. Buy Bumble, sell McDonald’s. Short Pepsi, go long Louis Vuitton. Put your money in sectors that cater to a svelte and sated brand of consumer, and get out of the ones that rely on excess and compulsion.
Get unlimited access to award-winning journalism and exclusive events.
Subscribe Log In
Previous article：
Akili changes sales model for its ADHD video game treatment
Next article： As demand for Covid shots wanes, Moderna seeks its next success
Next article： As demand for Covid shots wanes, Moderna seeks its next success
