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GreenRoc Strategic Minerals has signed a Memorandum of Understanding with Morrow Batteries ASA to enhance its role in the European battery materials supply chain. The partnership aims to produce sustainable, high-quality graphite active anode material from GreenRoc's flagship mine at Amitsoq in Greenland, aligning with ESG practices and the growing demand for locally-sourced battery materials in Europe. The establishment of a Norwegian subsidiary further supports the development of a robust supply chain for the region's clean energy initiatives.
Nestle has launched protein shots in the U.S. aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone. The Boost Pre-Meal Hunger Support drink, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 for a pack of four. While it may enhance GLP-1 release, experts question its long-term effectiveness compared to traditional weight-loss medications.
Nestlé has launched Boost Pre-meal protein shots in the US, aimed at supporting users of GLP-1 weight-loss medications by managing hunger and satisfaction before meals. These limited edition shots are available on Amazon and in CVS stores. Additionally, Nestlé introduced the Vital Pursuit range, featuring high-protein, fiber-rich meals designed for those on GLP-1 drugs, while Conagra Brands plans to label some Healthy Choice products as "GLP-1 friendly" to cater to the growing market.
Nestle India is currently experiencing a corrective phase, with potential upward movement towards 2500 before a downturn. The daily chart indicates a possible double top at 2785, while a recent drop through 2185 suggests a larger degree correction may be underway. Key resistance remains at 2785, with analysts predicting a rally towards 2440-50 before prices decline again.
Nestlé has launched protein shots in the US aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone response. The Boost Pre-Meal Hunger Support shake, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 per pack. While it may enhance satiety, experts question its long-term effectiveness compared to traditional weight loss methods.
Indian coffee brands are raising prices, with Nestle implementing its fourth price hike, leading to increased costs for instant coffee. Supply risks, exacerbated by heavy rains and droughts, are driving global coffee prices higher, while Arabian coffee levels reach their highest since 1977.
Nestlé's Boost Pre-Meal Hunger Support, a protein shot designed to suppress appetite, aims to compete with the booming weight-loss drug market, projected to reach $150bn annually. Utilizing patented whey protein micro-gels, it enhances GLP-1 hormone release, offering a cost-effective alternative to expensive medications like Wegovy. This strategic shift reflects the food industry's adaptation to changing consumer needs, emphasizing functionality and health-driven solutions.
Switzerland has withdrawn the Most Favoured Nation (MFN) status granted to India following a Supreme Court ruling affecting Nestlé and other companies. Nestlé India stated that this decision will not impact its operations, as it has been deducting a 10% withholding tax. The Swiss authorities noted that the ruling highlighted a lack of reciprocity regarding the Double Taxation Avoidance Agreement, leading to higher tax demands on dividends for Swiss and other multinational companies.
Coffee prices are on the rise as Nestle and Continental Coffee implement multiple hikes this year, impacting consumers significantly. Nestle's 45-gram jar has increased from Rs 180 to Rs 230, while the 90-gram jar rose from Rs 350 to Rs 440. The surge is attributed to rising Arabica bean prices, driven by adverse weather in Brazil and Vietnam, alongside increased input costs for both companies.
Nestle has launched protein shots in the U.S. aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone. The Boost Pre-Meal Hunger Support drink, containing whey protein and low calories, is intended to be consumed before meals and may help maintain weight loss. While it could enhance GLP-1 release, experts suggest similar effects might be achieved with regular foods like milk.
Nestlé S.A.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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