Warren Buffett’s Last Dance 🕺 + Novo’s Big India Play 💊

Hey nut fam 🌰 — the markets might be sleepy, but the headlines aren’t. Novo Nordisk is rebranding its weight-loss juggernaut for India🇮🇳, Warren Buffett’s finally hanging up his hat 👴💼, and Black Friday is going full AI. Let’s get cracking.

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🏭 Business Nuts

💊 Novo’s India Play: A Second Name For The Same Shot

When in doubt, rebrand and reload. Novo Nordisk ($NVO) is taking a fresh swing at India’s weight-loss goldmine by selling semaglutide 2.4 mg under a new name — Poviztra — in an exclusive tie-up with Emcure Pharma.

Why the rename? It’s a dual-track strategy alongside Wegovy — designed to:

• Unclog distribution bottlenecks 🧊

• Expand beyond metro cities 🏙️

• Counter Eli Lilly’s fast-rising Mounjaro 🚀

India’s obesity market is massive — with tens of millions of potential patients and rapidly growing health awareness — and Novo wants a larger bite of the pie 🍰.

But the timing is critical. The pharma giant is facing:

• Slower global growth expectations 📉

• And licking its wounds from a $10B M&A loss in the Metsera bidding war.

💡 The Big Picture: Novo’s move signals that India is becoming the next major battleground for obesity drugs — a market where pricing, accessibility, and brand recognition will decide the winners.

🧓 Buffett’s Next Chapter: The Oracle Hands Over the Keys

The man who turned Berkshire Hathaway into a $1 trillion behemoth is finally stepping down as CEO — but not stepping away.

Buffett will hand the reins to Greg Abel by year-end while staying on as chairman. True to form, his farewell note mixed warmth, wisdom, and self-deprecating humor:

But make no mistake — this isn’t a full goodbye. Buffett will keep a “significant amount” of his Berkshire shares until investors develop the same trust in Abel that they had in him and the late Charlie Munger.

🏦 Nebraska Hold ’Em

Berkshire today owns 200+ businesses, from GEICO to Dairy Queen, and sits on a record $381.7B cash pile. But here’s the twist — the market hasn’t been kind since Buffett announced his exit:

• Berkshire Class A shares are down 7.1% since May, while the S&P 500 is up 20%.

• Analysts at KBW even downgraded the stock to “underperform,” citing the loss of the “Buffett premium.”

Still, Buffett’s betting big on his successor — and on philanthropy. He plans to accelerate donations from his $150B fortune, starting with $1.3B in shares already distributed to family-run charitable foundations.

🥃 The Bottom Line: Buffett’s stepping aside, not away. Expect Berkshire’s new era under Greg Abel to be steadier, quieter, and still deeply Buffett-esque: long-term, humble, and allergic to Wall Street hype.

📰 Other News — Quick Bites

• 🛒 Instacart delivers another earnings beat: Even as inflation bites, consumers are still clicking “Add to Cart.” The grocery giant’s strong Q3 suggests couch-based shopping isn’t slowing down anytime soon.

• ⚽ Private Equity invades La Liga: Apollo Global Management ($APO) took a €2B majority stake in Atlético Madrid — the gritty underdog of Spanish football. Cue the Wall Street chants from the terraces.

• 💸 BlackRock faces a total wipeout: The asset giant will reportedly lose 100% on private loans made to bankrupt home renovation firm Renovo. Ouch.

• 🇬🇧 Trump vs. the BBC: The former president threatened a $1B lawsuit against the broadcaster after execs resigned over an edited clip controversy. The transatlantic drama continues.

• 🤖 Robinhood opens AI unicorn access: Retail investors could soon buy stakes in private AI startups via a new Robinhood ($HOOD) fund — though liquidity and risk warnings still apply.

• 🛍️ Amazon kicks off AI-powered Black Friday: The e-commerce titan ($AMZN) launched early deals with AI shopping assistants. U.S. holiday spending is projected to cross $1 trillion for the first time ever.

• 🍔 Burger King offloads China operations: The chain sold a majority stake to a private equity firm to fuel faster local expansion in the region. New ownership, same Whoppers.

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🌰 That’s a Wrap

From Buffett’s farewell to Novo’s new shot and AI’s takeover of retail, it’s clear: the only thing constant in business is change (and maybe inflation).

Thanks for cracking open today’s Cash Nut with us 🥜
We’ll be back tomorrow with more market flavor and fewer calories.

Stay nutty,
— Team Cash Nut 💰]

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