Shares are set to open lower with geopolitics risks high; SkyCity CEO and Qantas Loyalty chief resign; Gregg to succeed McFarlane as Westpac chairman; US reporting season gathers pace. Follow updates here.
Vaccines and plasma company CSL has attempted to quell concerns about the impact of GLP-1 drugs like Ozempic on the company’s kidney disease business.
“There’s been a lot of talk about GLP-1s To give you the punchline, based on the high-level results, we do not see GLP-1s as having a material impact on the business,” CSL CEO Paul McKenzie said at the company’s inaugural capital markets day in Sydney. CSL fell 3.5 per cent last week and 6.3 per cent on Thursday alone after Novo Nordisk halted a study early because the efficacy of weight-loss drug Ozempic in treating kidney disease was immediately apparent.
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