2023-10-29 13:14:29
In the United States, the Walmart boss’s statements on Ozempic were enough to cause a stock market panic. Nothing similar here, even if it may encourage the agri-food sector to rethink itself. Article reserved for subscribers Journalist at the Society pole By Julien Bialas Published on 10/29/2023 at 3:14 p.m. Reading time: 3 min
It all started with a little sentence. John Furner, CEO of Walmart, the world’s largest retailer, said in an interview with Bloomberg that he found Ozempic’s consumer purchasing behavior differed from that of the rest of the world. population. Concretely, people consuming the drug bought less in stores and items with fewer calories. It was enough to panic the stock markets. The share prices of Coca-Cola, McDonald’s, Pepsi and Mondelez (chocolate and biscuit manufacturer) fell by around 5%… before recovering a large part of their losses in the following days. Storm in a glass of water? Analysts from different American banks have launched into predictions.
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