How Weight Loss Drugs Could Impact Fitness Stocks
Forbes Topline
Forbes
4.8 • 6 Ratings
🗓️ 2 December 2023
⏱️ 9 minutes
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| 0:00.0 | Hi everyone I'm Rose Marie Miller here with Derek Saul a breaking news reporter here at Forbes |
| 0:08.4 | here to tell us if weight loss drugs like Osmbeak will affect fitness stocks. |
| 0:13.7 | Thank you so much for joining me today Derek. |
| 0:15.6 | Yeah, excited talk. |
| 0:17.0 | So Derek, will they affect fitness stocks? |
| 0:20.1 | Short answer yes. |
| 0:21.6 | Yeah, I think it's it's very very early on in terms of adoption and I think we'll get into this more but I think |
| 0:32.0 | exercise stocks would definitely be kind of a effect |
| 0:36.4 | we'd see later down the line if it's okay now one's person is starting these drugs then |
| 0:42.2 | how's their behavior going to change but |
| 0:44.9 | based my research the answer is yes so why are analysts suggesting that it might be |
| 0:50.2 | beneficial for the fitness sector? |
| 0:53.0 | Yeah, so I would say it's twofold. |
| 0:55.1 | One, and again, it's early. |
| 0:57.8 | But research has suggested there's a Morgan Stanley |
| 1:00.7 | report that was out saying that Ozempick and other weight loss drug |
| 1:05.2 | users that they are exercising more frequently and not to not to try to play it too much of a armchair psychologist but I think it's okay if if a person is wanting to |
| 1:19.0 | Make a change and lose weight that they're likely going to also be engaging in behaviors that |
| 1:27.1 | would promote other health, want to exercise to maintain that weight loss whether they're or whether it's |
| 1:34.8 | after they're done with taking the drug or while they're still on and want to see |
| 1:40.0 | more results. |
| 1:42.9 | And so the second part is that if we're seeing people exercise more, that's going to be a good thing for |
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