April has been a scorching month for summer products like air-conditioners, refrigerators, air-coolers, soft drinks, and ice creams, with sales soaring 40-50%. This surge has led to concerns among appliance manufacturers about meeting demand, especially in the south and east where sales have spiked 150-200% due to ongoing heatwaves. The north, the largest market for cooling appliances, is yet to experience the full impact of the heatwave. Manufacturers warn of possible shortages in May as component planning did not anticipate such high demand, and it s challenging to expand production on short notice.
(Bloomberg) The stocks rout fueled by the frenzy around a new class of weight-loss drugs is starting to make companies that feed the appetites of consumers look a lot more appealing, according to RBC Capital Markets. Most Read from BloombergIsrael Latest: Hamas Releases Two US Hostages After Secret TalksHere’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Where Does Israel Get Its 220,000 Barrels of Oil Every Da
Ozempic Fear in Food and Drink Stocks Has Gone Overboard, RBC Says bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Nestle SA is working on products designed to complement a new class of weight-loss drugs after revenue growth decelerated to the weakest pace in almost three years.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden Vows Aid for Gaza, Backs Israel Over Hospital BlastQQQ Advances in Late Trading as Tesla Rebounds
Nestle Works on Products to Complement New Weight-Loss Drugs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.