The popularity of Ozempic is bad news for McDonald’s, a British bank told investors British bank Barclays is urging investors to short stocks in junk food retailers like McDonald’s and Pepsi due to the surging popularity of weight loss drugs such as Ozempic. Endorsed by celebrities, Ozempic has already made its manufacturer the most valuable company in the EU. In a note to investors on Tuesday, Barclays strategist Jigar Patel warned that the share price of firms such as McDonald’s Corp., PepsiCo Inc., and Altria Group Inc, the last of which owns multiple cigarette brands, may be set to take a dive. Pharmaceuticals
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