So far, fear has driven investors to sell consumer-exposed stocks. A basket of such companies — including Oreo cookies maker Mondelez International Inc. and Modelo beer producer Constellation Brand Inc. — is down nearly 9% since early August with losses roughly double those of the S&P 500 Index, while makers of things like insulin pumps have wiped out close to a third of their value over the same stretch amid concerns that fewer people will need their products.

  • squiblet@kbin.social
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    Everything about this article is definitely absurdly horrible. “Earnings season” is a reasonable concept, I guess, but somehow I don’t feel good at all about such financial abstractions that people take very seriously. The concept that these companies depended on excessive or compulsive consumption to make money and people are cutting down not because they obtained a clue or motivation, but due to an injectable drug, is pretty pathetic for humankind.

  • treadful@lemmy.zip
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    How prolific is a diet pill if it has brought down sales by 9%? Or are these relatively few people really having that much of an impact?

  • kersploosh@sh.itjust.works
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    Is junk food finally becoming the new tobacco? We can only hope. Maybe in my lifetime it will become unusual to see people having Oreos and Mountain Dew, just like it’s rare to see people out smoking in public anymore.

    • gullible@kbin.social
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      2055: fruit is a gateway food to such vices as cookies and pie.

      I’m only half serious, but fruit is trending toward being as unhealthy as other snack foods.

      • squiblet@kbin.social
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        Fruit has fiber, antioxidants, vitamins and no fat or cholesterol. To me the fixation on sugar is misguided - vegetable starches are exactly the same thing. A potato is basically 25% sugar for example since potato starch is simply a chain of glucose molecules.

        • gullible@kbin.social
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          You’re right, and I probably should have provided some context. Between breeding for sugar and longevity and soil depletion removing those fun, tasty minerals people always go on about, fruit in the future may end up being genetically engineered candy. I dread the day that heirloom fruits become the only way I can enjoy an apple.

          https://www.nationalgeographic.com/magazine/article/fruits-and-vegetables-are-less-nutritious-than-they-used-to-be

          • squiblet@kbin.social
            link
            fedilink
            arrow-up
            1
            ·
            1 year ago

            Ah, I see. You mean fruit is actually changing in terms of nutrition.

            We’ve done well with apples over the past 30 years in terms of variety, at least - it used to be basically all that was available was red delicious and Granny Smith. These days just about any supermarket has a dozen different kinds of apples.