Worldwide Healthcare Trust’s Post

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Worldwide Healthcare Trust - There was nowhere to hide in October. October 2023 factsheet 📰 - There was nowhere to hide as global shares fell sharply in October amid continued concerns over ‘higher for longer’, exacerbated by geopolitical concerns and renewed conflict in the Middle East. - #Biotech stocks sold off the most, with the #XBI down nearly -9% Drug stocks also sold off -2.5% despite some buffering from the obesity plays, Eli Lilly and Company and Novo Nordisk. ✔ The top contributor this month was Mirati Therapeutics. Bristol Myers Squibb announced the acquisition of the company for a 52% premium and a consideration of $5.8 billion. ✖ This months detractor was Sarepta Therapeutics. - Looking ahead, an important data set will be presented at the American Heart Association meeting in November in Philadelphia – specifically Novo Nordisk will present the SELECT study, a large, global trail designed to demonstrate the cardiovascular benefits of #Wegovy in obese patients. October factsheet: https://lnkd.in/eB2JcYUx Find out more here: https://lnkd.in/eRNN7UZ6 Investments involve risks. The value of investments and income derived from them may go down as well as up and you may not receive back all the money which you invest. Past performance is no guarantee of future performance. 

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