💉China's going on Wegovy

China said yes to weight-loss drug Wegovy | Denmark approved the world’s first carbon tax on agriculture | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for June 27th in 3:15 minutes.   ☕ Finimized over an iced latte at [Cafe Buur]( in Cologne, Germany (☀️31°C/88°F) Today's big stories - China approved Novo Nordisk's weight-loss wonder drug Wegovy, not long after Eli Lilly got the green light - The five things you need to know to stay ahead in the investing game this year – [Read Now]( - Denmark approved the world’s first carbon tax on agriculture China Lite [China Lite] What’s going on here? Danish pharma giant Novo Nordisk got the go-ahead to [put]( China on a diet on Tuesday. What does this mean? China isn’t just the world’s second-biggest economy, it’s also home to the most overweight and obese people globally. That makes it a prime market for Novo, maker of wildly popular weight-loss drugs Ozempic and Wegovy. Thing is, because the company was among the first to distribute the coveted insulin pens, its patent on semaglutide – Wegovy and Ozempic’s key ingredient – is set to expire in just two years in China. So determined to win over would-be slimmers while it can, Novo has managed to get its Wegovy drug approved in the country. Why should I care? Zooming out: Feeding frenzy. The weight-loss drug frenzy has propelled Novo’s shares in the last year, making it Europe's most valuable listed company. That’s even shown in the Danish economy: Novo was responsible for filling a fifth of all new jobs in Denmark last year, and the furor meant the economy picked up by nearly 2% instead of essentially flatlining. And with the global weight-loss drug market expected to be worth $100 billion by the end of this decade, Novo is throwing money at new and existing manufacturing sites to keep up with the insatiable appetite for its superstar drugs. But Novo might need to move even faster if it wants to win over the Chinese market: American rival Eli Lilly’s diabetes drug Tirzepatide got the green light from China back in May. The bigger picture: An order of sides. Big Pharma isn't the only one embracing the weight-loss trend. Plastic surgeons performed 8% more facelifts last year than the one before, with patients complaining of loose skin after dropping weight so quickly. And worried that sugary snacks are falling out of fashion, food retailer Nestlé is rolling out new lines of high-fiber, protein-packed foods aimed at the freshly health-conscious crowd. You might also like: [The hidden beneficiaries of the weight-loss drug boom.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=China Lite&utm_campaign=daily-global-27-06-2024&utm_source=email) Analyst Take Five Hot Takes From Capital Group’s Midyear Outlook [Five Hot Takes From Capital Group’s Midyear Outlook]( By Theodora Lee Joseph, CFA, Analyst No one likes to be [late to the party]( – and that’s especially true for investors. Luckily, [Capital Group]( sees the stock market festivities going on a bit longer. In its midyear [update](, the century-old investment house gave a largely upbeat outlook, pinpointing the industries with the most to gain – and lose – from this US election. That’s today’s Insight: [five investing hot takes from Capital Group](. [Read or listen to the Insight here]( SPONSORED BY CROWDCUBE X PLUM Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. [Take two minutes to learn more: bit.ly/3u8ZTH0]( Plum’s equity crowdfund is open – and it’s first come, first served Banks, venture capitalists, and institutions tend to get first dibs on [young, attention-grabbing tech names](. But not this time: [award-winning personal finance app Plum is open for investment]( and while institutions have already signed the dotted line, [you can invest at the same valuation as these giants](. Plum has already built up a [two-million-strong user base]( across ten markets, holds over [£1 billion ($1.2 billion)]( in assets under management, and its revenue is nearly doubling by the year. And now, Plum is on a mission to spread smart tools throughout the European market, reaching an estimated 184 million potential users. So far, so good: Europe now makes up a third of new app installs. [Over 3,500 of their community have already invested on the first day](. And take note: EIS tax relief is available on a first come first served basis. [Find Out More]( When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( E-I-E-I-Owe [E-I-E-I-Owe] What’s going on here? Denmark [approved]( the world’s first polluting tax on agriculture this week, hoping to reduce the methane here and the methane there. What does this mean? Agriculture accounts for a [fifth]( of global greenhouse gas (GHG) emissions, with animals like cows and sheep burping out methane – a much more potent gas than carbon dioxide – faster than billionaires burn through private jet fuel. And as a major pork and dairy exporter, Denmark knows that all too well. Farming is the country’s biggest source of GHG emissions, which is why the new tax could see farmers charged roughly $100 a year for each of their cows, starting in 2030. That should help the country reach a legally binding target of cutting its total GHG emissions by 70% from 1990 levels by the end of this decade. Why should I care? The bigger picture: One small step… Denmark’s stake in global emissions is pretty minimal. But the country’s newly approved measure is still a milestone, not least because it might push others to follow suit. After all, just four sectors are responsible for nearly all global GHG emissions: electricity, transport, industry, and agriculture. There’s plenty being done to make the first three greener, from renewable energy to EVs and hydrogen. But so far, very few countries have tried cleaning up their farms. Zooming out: Raised not born. Given the rise of veganism, vegetarianism, and climate change protests, it’s no surprise that there’s pressure on the livestock industry. But for those who can’t forgo the carnivorous lifestyle, lab-grown meat could be the next dinner staple. Cultivated from animal stem cells, it removes the need to raise or slaughter animals. And according to one [study](, the process involves 96% lower GHG emissions, 99% less land use, and 96% lower water use than that of regular meat. But it’s very expensive – so unless lab-grown meat [startups]( can lower prices, it'll stay out of reach for most. You might also like: [Lab-grown meat could be the next big investment trend.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=E-I-E-I-Owe&utm_campaign=daily-global-27-06-2024&utm_source=email) 💬 Quote of the day "Perfection is not attainable, but if we chase perfection we can catch excellence." – Vince Lombardi (an American football coach) [Tweet this]( 💖 Meet your perfect match No, we haven't started a dating website. We're also not official promotional partners of Netflix's latest reality TV show (despite the many hours we've spent glued to it). 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