How weight loss drugs are transforming the weight loss industry
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 9 May 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
A new class of weight loss drugs known as GLP-1s, like Wegovy and Zepbound, helped grow the weight loss industry to nearly $90 billion last year. Now, weight loss companies, apps and fitness companies are adapting their to programs include the drugs, as well. Also, allegations of serious fraud threaten a big U.S.-U.K. soccer deal, and China’s latest trade data showed a return to growth in April.
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| 0:31.6 | Allegations of serious fraud threaten a big US-UK soccer deal. |
| 0:37.0 | I'm David Brancaccio. A big transatlantic deal involving soccer could soon unravel. |
| 0:42.0 | There's news that the Miami-based investment firm |
| 0:44.4 | 777 Partners, which is trying to buy the soccer team Everton of Liverpool, England, |
| 0:50.0 | is being sued for fraud. The lenders claim that 777 borrowed hundreds of millions of |
| 0:55.7 | dollars against assets that it did not actually own investigators into the fund |
| 1:00.9 | started investigations into the fund started when the |
| 1:03.9 | 777 team made the move to acquire the soccer club last year and the |
| 1:10.0 | investment firm is behind on loan payments which had been delaying the purchase of the team. |
| 1:15.5 | 777 declined to comment. |
| 1:18.1 | Big US investors have been very interested in European soccer teams which are seen as big international brands that go for |
| 1:24.5 | often attractive prices. Adam Sommerfeld, managing partner at CERTAS Capital Partners, |
| 1:29.8 | says investment groups that already own sports properties like to cross promote soccer. |
| 1:35.0 | You might have a, some of the holds at an NFL team and an MLS team or an MBA team. |
| 1:41.0 | Those sorts of groups are looking to cross sort of leverage fan bases and that's |
| 1:45.9 | why they're looking to dip into European soccer. |
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