Bloomberg Tech

Short Fast Food Credit Because of Ozempic, Barclays Says

(Bloomberg) — Drugs used for weight loss like Ozempic pose a real risk to companies ranging from fast food restaurants to cigarette makers, and credit market prices don’t fully reflect the potential downside, according to a report from Barclays strategists.    

Celsius Customers Question Interim CEO on Bankruptcy Repayment Plan

Celsius Network LLC customers whose assets have been trapped on the failed crypto lender’s platform questioned the firm’s acting chief executive officer about fluctuations in the company’s native token and its plans to partially repay creditors with stock in a new Bitcoin mining business.