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☆ Nestlé and other companies are trying to stake their claims as weight loss drug experts. They’re not
▼ + stars: | 2024-07-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

But health professionals are warning consumers not to take medical advice from the same companies trying to sell them food, supplements and other consumables. “People who are on (GLP-1 drugs) eat less calories. Daily Harvest, a meal kit service, has a GLP-1 food collection. In May it announced a new line of frozen meals called Vital Pursuit, pitching the brand to users of weight loss drugs. Some taking GLP-1 drugs have reported losing hair and muscle.

Persons: Ozempic, JP Morgan, —, ”, Donny Kranson, GLP, Nestlé’s, Jorge Moreno, Jody Dushay, Tom Little, “ I’m, “, 1nutrition.com, Atkins, Robert Atkins, Nestlé, Mark Schneider, Marie Callender’s, Slim Jim, Orville Redenbacher’s, Tom McGough, William Dietz Organizations: New, New York CNN, “, Vontobel Asset Management, GNC, Nestlé, Visitors, Yale School of Medicine, Physicians, Harvard Medical School, Danone, Bloomberg, STOP, George Washington University Locations: New York, United States, Switzerland, Novo Nordisk's, Hillerod, Denmark, what’s, Conagra, GLP

☆ GNC is redesigning stores to draw people taking Ozempic
▼ + stars: | 2024-04-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

The brand hopes a new strategy tailored to people taking GLP-1 drugs for weight loss will help draw customers into stores and grow its business. We can help,” advertises an overhead banner in GNC’s new GLP-1 “support section.”GNC's new GLP-1 support section is available in all 2,300 stores across the United States. JON SIMON/GNCDanish pharmaceutical company Novo Nordisk is reaping huge profits from creating and selling the hit GLP-1 products. JPMorgan researchers estimate that 30 million people may be taking GLP-1 drugs by 2030, or around 9% of the US population. GNC, which filed for bankruptcy in 2020 and closed more than 1,200 stores, is the latest brand to build a strategy around people taking GLP-1s.

Persons: New York CNN — GNC, GNC, ”, JON SIMON, WeightWatchers Organizations: New, New York CNN, Novo Nordisk, Pfizer, Roche, JPMorgan, Equinox Locations: New York, United States, Danish

☆ The fastest-growing hedge funds are now investing conglomerates. That's changing how investors judge the biggest firms.
▼ + stars: | 2024-02-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

The rise in multi-manager hedge funds over the past five years has forced allocators to create a separate due diligence model for the fastest-growing segment in the industry. Even an executive at a midsized multi-manager admits their firm and its peers are "more like corporations than hedge funds." AdvertisementA new type of hedge-fund kingsFounders were once simply the best traders and money-makers, spinning out of banks' trading desks and larger hedge funds. Bobby Jain, the former Millennium executive starting his own multi-billion hedge fund, hasn't traded in decades but was a part of the leadership team at one of the biggest hedge funds in the world. Jobs at multi-manager platforms are roughly a quarter of the industry's overall roles, despite these funds holding roughly 14% of the assets.

Persons: —, allocators, Griffin's, Izzy Englander's, Jack Springate, Allen Cheng, Cheng, Bobby Jain, hasn't, Michael Gelband, Dmitry Balyasny, Steve Cohen, Izzy Englander, Ajay, Kevin Lyons, Lyons, Springate Organizations: Service, Business, Fortune, Goldman Sachs Asset Management, Aon, Millennium, Treasury Locations: Schonfeld's

☆ The average CEO of a top UK company is white, rich, and probably named Andrew: report
▼ + stars: | 2023-09-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

The average CEO of a top UK company is white, rich, and probably named Andrew. AdvertisementAdvertisementThe average CEO of a top UK company is probably named Andrew, according to an analysis of the CEOs of the FTSE100 companies published by human resources publication People Managing People on Tuesday. People named Andrew don't just make up a large slice of these top executives, however — twelve FTSE100 CEOs were named Andrew or Simon, outnumbering the total 11 female CEOs as of September, per the report. The report also found that the average CEO of a FTSE100 company makes over 127 times the median UK salary in 2022 — which was £33,000. AdvertisementAdvertisementThis isn't the first time someone has tried to put together a composite image of an average CEO of the top companies in the country.

Persons: Andrew, That's, —, Andrew don't, Simon, Finn Bartram Organizations: People Managing, LSE, Service, London Stock Exchange, University of Cambridge, BBC, Fortune, Pew Research, Economic Policy Institute Locations: —

☆ Meet the average CEO of the top UK companies: He's white, rich, and probably named Andrew
▼ + stars: | 2023-09-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

The average CEO of a top UK company is white, rich, and probably named Andrew. That's according to an analysis by People Managing People of the CEOs of the top 100 companies on the LSE. AdvertisementAdvertisementThe average CEO of a top UK company is probably named Andrew, according to an analysis of the CEOs of the FTSE100 companies published by human resources publication People Managing People on Tuesday. People named Andrew don't just make up a large slice of these top executives, however — twelve FTSE100 CEOs were named Andrew or Simon, outnumbering the total 11 female CEOs as of September, per the report. The report also found that the average CEO of a FTSE100 company makes over 127 times the median UK salary in 2022 — which was £33,000.

☆ Standard Chartered-owned crypto firm Zodia launches in Singapore
▼ + stars: | 2023-09-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore on Tuesday in a bid to tap into the country's rapidly growing digital asset market. The development makes Zodia the first entity that is owned by and partnered with banks to provide digital asset custody services for financial institutions in Singapore, Zodia said in a news release. Zodia is also part-owned by SBI Digital Asset Holdings, the crypto division of Japanese bank SBI. "Singapore is a market that has been no stranger to the crypto world for a long time," Sawyer said. Standard Chartered has a "fantastic brand" in Singapore, Sawyer said, adding that the backing of such a large institution has helped boost its conversations with major financial firms.

Persons: Zodia, StanChart, Julian Sawyer, Sawyer, blockchain, Crypto, Zodia's, Coinbase Organizations: Standard Chartered, Northern Trust, SBI Digital Asset Holdings, SBI, CNBC, Starling, Chartered, Arrows, United, United Arab Emirates Locations: Singapore, British, Asia, Africa, Japan, Pacific, Abu Dhabi, United Arab, India

☆ Mental illness may mean higher heart attack, stroke risk for people under 40
▼ + stars: | 2023-05-08 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

Those people younger than 40 with a mental disorder were 58% more likely to have a heart attack and 42% more likely to have a stroke than those with no disorder, the study found. That could point to a greater need for managing psychological conditions and monitoring heart health in those at risk, Park added. It is important to note that the findings do not show that mental illness causes heart attacks or stroke, she added. Choi recommends that people with mental health conditions receive regular checkups as well. “Many individuals with mental illness suffer from social isolation and loneliness, and for years researchers have been sounding the alarm that loneliness is detrimental for physical health,” Ehrlich said.

☆ A CIO shares the strategy behind 'The Big Short' garage hedge fund that flipped $110,000 to over $80 million — and explains how to use the same approach in today's stock market to make extremely cheap
▼ + stars: | 2023-03-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Universa Investments, a "black swan" hedge fund specializing in market shocks, sensationalized this approach after it made headlines in the first quarter of 2020 for a 4,144% return when the stock market plunged. So what we do for investors is our fund serves as protection against that sort of exogenous event, that sort of crash," Sidial said. In short, it's a bet against the odds in exchange for lofty returns, or what's known as convex payouts. However, if there's a market crash, the volatility on the VIX generally outperforms more than any other underlying securities in the US equities market, he noted. For example,Cambria Tail Risk ETF (TAIL) was up 27% from mid-feb to mid-march 2020 during the stock market crash brought about by the pandemic.

☆ The Digital Workplace Is Designed to Bring You Down
▼ + stars: | 2023-01-23 | by ( David Marchese | ) www.nytimes.com time to read: +15 min

Mamadi Doumbouya for The New York Times Talk The Digital Workplace Is Designed to Bring You DownWe’ve been given no shortage of digital tools that should, in theory, help us work better, with more focus and efficiency, and connect us more easily with our colleagues. Your brain can’t have your inbox open next to the memo you’re writing while you’re also on the phone. The only way to get out of that suboptimal equilibrium is to completely change the way the organization collaborates. You can’t have a small number of executives figure out the right way to do the work and then dispense it. But zoom out to John McPhee’s career, and you’re like, you’re one of the most productive and impactful writers of all time.

☆ Here's an exclusive look at the pitch deck Y Combinator alum Shimmer used to raise $1.3 million to bring ADHD coaching to adults
▼ + stars: | 2022-10-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

Y Combinator alum Shimmer raised $1.3 in funding from VCs like Honeystone Ventures and Koa Labs. The startup provides ADHD coaching for adults. The adult ADHD space is much smaller, with medication-focused startups like Cerebral and Done receiving regulatory scrutiny for over-prescribing controlled medication like Adderall and putting patients at risk. At Shimmer, Wang says the focus on coaching, as opposed to medication, is a better long-term solution for many people managing ADHD. Here's a look at the 15-slide pitch deck Shimmer used to raise its seed round.

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