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Forbes Topline

How Weight Loss Drugs Could Impact Fitness Stocks

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 2 December 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Derek Saul, a Forbes breaking news reporter, joins 'Forbes Talks' to discuss the impact weight loss drugs like Ozempic and Wegovy could have on fitness stocks. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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