A new wave of weight loss drugs could lead to indirect effects for all kinds of companies.
Ozempic is a brand name for semaglutide, a diabetes drug that also has weight loss effects.
Walmart, for example, which sells Ozempic and other GLP-1 drugs, found that customers buying those medications spent less on food year over year but more on lifestyle and fitness.
Additionally, employee productivity could increase as Americans see the long-term benefits of weight loss and stay in the workforce longer.
AdvertisementAdvertisementFor example, Walmart, which sells GLP-1 drugs like Ozempic, found that customers buying those medications spent less on food year over year but more on lifestyle and fitness.
Persons:
It's, —, it's, Nik Modi, Modi, Josh Barro, Barro, Morgan Stanley, Scott Olson, they're, Houlihan Lawrence, James van Geelen, van Geelen
Organizations:
Service, Walmart, RBC Capital Markets, Jefferies, United Airlines, Citrinitas