17 votes

America's obsession with weight-loss drugs is affecting the economy of Denmark – Novo Nordisk's market capitalization has matched the GDP of its home country

Posted by mycketforvirrad
Tags: economics, business, denmark, economy, pharmaceuticals, drugs, weight loss, ozempic, wegovy, novo nordisk, market cap, gdp, currency, banks.central, exports, usa, author.joseph walker, author.dominic chopping, author.sune engel rasmussen, source.the wall street journal, paywall
https://www.wsj.com/economy/central-banking/americas-obsession-with-weight-loss-drugs-is-affecting-the-economy-of-denmark-22797e5c

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Title
America's Obsession With Weight-Loss Drugs Is Affecting the Economy of Denmark
Authors
Joseph Walker, Dominic Chopping and Sune Engel Rasmussen

2 comments

  1. [2]
    mycketforvirrad
    Link
    Non-paywalled coverage: Americans' Appetite for Weight-Loss Drugs is Feeding Denmark's Economy Nasdaq – Brian Boyle – 17th August 2023

    Non-paywalled coverage:

    Americans' Appetite for Weight-Loss Drugs is Feeding Denmark's Economy

    The US obsession with skinny-down pills Ozempic and Wegovy has turned Danish drugmaker Novo Nordisk into that country's biggest company. So big, in fact, it's reshaping the entire national economy, according to an analysis published Thursday by the Wall Street Journal.

    Nasdaq – Brian Boyle – 17th August 2023

    10 votes
    1. shusaku
      Link Parent
      I’m surprised that is possible. I guess there is still some friction to using the euro in Denmark?

      Denmark's currency, the krone, is pegged to the euro … But US sales have been so strong … the krone's value has now jumped in comparison to the euro.

      I’m surprised that is possible. I guess there is still some friction to using the euro in Denmark?

      3 votes