Banks bet against junk food and alcohol amid rise of weight-loss drugs

The rise of weight-loss drugs isn't only shrinking Americans' waistlines, it could also shrink food corporations' bottom lines.

Some experts predict junk food companies - already battling a rise in health conscious customers - could face a tobacco-like demise due to drugs like Ozempic and Wegovy, which reduce cravings and make people feel full longer.

Big banks, such as Morgan Stanley, predict 24 million people, or seven percent of the US population, will be by 2035.

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