WEBVTT - Ozempic Maker Novo Nordisk Faces Massive Lawsuits Over Causing Blindness – Investors Beware

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<v Speaker 3>All right, Novo Nordic and Eli Lilly are both facing

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<v Speaker 3>a growing federal multi district litigation over two thousand lawsuits

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<v Speaker 3>so far, which are estimated to be, you know, valued

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<v Speaker 3>at over two billion dollars as far as like how

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<v Speaker 3>much they're actually asking for over in o Zimpic and

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<v Speaker 3>similar drugs. Some cases allege rare vision problems among other issues.

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<v Speaker 3>So okay, we'll talk about both companies, but let's talk

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<v Speaker 3>about Novo first. And you know, the Ozimpic conversation is

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<v Speaker 3>interested in it because I hate to say that I

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<v Speaker 3>told you so, but I did because last year I

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<v Speaker 3>was like, you know, as far as seen this movie

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<v Speaker 3>happen before, we don't know what's gonna happen next. But

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<v Speaker 3>whenever something good happens, there's a Chinese parable. And if

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<v Speaker 3>you watch the movie Charlie Wilson's War, right at the

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<v Speaker 3>end of the movie, they tell the parable because Charlie

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<v Speaker 3>Wilson's War is about Afghanistan history. Let's go into a

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<v Speaker 3>history rabbit hole. Okay, Afghanistan in the eighties was fighting

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<v Speaker 3>the Soviet Union. At the time, the Soviet Union was

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<v Speaker 3>America's biggest enemy, right, so what did America do? America

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<v Speaker 3>backed the rebels in Afghanistan and Afghanistan pulled off a

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<v Speaker 3>very unlikely defeat. Who was who was one of the

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<v Speaker 3>leaders of the rebels in Afghanistan that America funded? Put

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<v Speaker 3>in Chat put in Chat? This is like, uh, what's that.

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<v Speaker 1>Show, dude, bake up the court.

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<v Speaker 3>Who was one of the leaders, who was one of

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<v Speaker 3>the leaders in Afghanistan in their fight against the Soviet

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<v Speaker 3>Union that the United States of America funded?

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<v Speaker 1>Riot boy?

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<v Speaker 3>Oh sama?

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<v Speaker 1>Then love? Is that in the YouTube privacy?

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<v Speaker 3>No, that's the historical fact. That's that's not controversial, that's historical.

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<v Speaker 3>That's a document. That's a sixty minute special document Jesus.

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<v Speaker 4>That might not be in the global that should be

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<v Speaker 4>in the global studies curriculum.

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<v Speaker 1>I should know that. Okay.

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<v Speaker 3>So at the end, so at the end, everybody's happy

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<v Speaker 3>that they won the war, right, And Charlie Wilson and

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<v Speaker 3>not the Charlie Wilson that we know. Charlie Wilson was

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<v Speaker 3>a senator, but he was telling he was lobbying the

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<v Speaker 3>Congress that look, we need to we need to support Afghanistan,

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<v Speaker 3>help them rebuild their country because if not, it's a

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<v Speaker 3>vacuum and it's going to go into chaos and they're

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<v Speaker 3>gonna end up hating us. Nobody took them, siou. They

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<v Speaker 3>never gave any money, They didn't rebuild the country. They

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<v Speaker 3>just left them alone and just say, yeah, you're on

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<v Speaker 3>your own now. The rise of the Talent Band comes

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<v Speaker 3>directly from that, say that, to say, you never know

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<v Speaker 3>in life. You gotta be patient. You gotta be patient.

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<v Speaker 3>What looks like a blessing could be a curse. What

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<v Speaker 3>looks like what looks like a curse can be a blessing.

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<v Speaker 3>When this whole ozimpic thing started to go crazy. I said, listen,

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<v Speaker 3>most good things have some level of negative side effect.

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<v Speaker 1>Let's see what happens.

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<v Speaker 3>I just had a strong suspicion that if people are

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<v Speaker 3>losing weight this quickly, there's a negative trade off, and

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<v Speaker 3>that negative trade off would lead to billions of dollars

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<v Speaker 3>in lawsuits down the line. Lo and behold. One year later,

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<v Speaker 3>that's exactly what happens. Stock went from one hundred and

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<v Speaker 3>forty two dollars to fifty four dollars currently, fell off

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<v Speaker 3>a cliff, going blind.

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<v Speaker 5>That's crazywns. We've ever seen for a publicly traded company too.

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<v Speaker 4>In that space inside the lawsuit, here are the side

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<v Speaker 4>effects that are actually going to be a part of litigation.

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<v Speaker 4>Stomach paralysis, intestinal blockages, persistent vomiting, go back issues, pancreatis,

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<v Speaker 4>kidney damage, and sunning.

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<v Speaker 1>Vision loss linked to a condition called naion. The vision losses.

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<v Speaker 1>But that's crazy. Yeah, that's crazy vision.

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<v Speaker 3>You're taking medicine to lose weight and then you just

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<v Speaker 3>can't see one day.

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<v Speaker 1>Well, you're taking it for diabetes first.

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<v Speaker 3>Well most people, they figured out people just started taking

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<v Speaker 3>it just to lose weight.

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<v Speaker 1>Yeah.

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<v Speaker 3>Now I'm very sensitive that obesity is an epidemic in

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<v Speaker 3>our nation, in our community. So I don't want to

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<v Speaker 3>be insensitive to anybody that has taken ozmpic. But nine

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<v Speaker 3>times out of ten, when you're doing things and you're

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<v Speaker 3>you're cutting corners, it's going to You're going to come back.

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<v Speaker 3>So their defense and I'm not here to defend them.

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<v Speaker 4>Inside the litigation, Chan says, they're saying that, yes, all

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<v Speaker 4>drugs do come aside effects, but they're at there actively

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<v Speaker 4>suing pharmacies for producing unapproved versions of the g lp ones.

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<v Speaker 4>So people would get in the off brand is what

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<v Speaker 4>they're saying. Right, Like you weren't getting with GOVI got

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<v Speaker 4>cut twice. You can't get stepped on it.

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<v Speaker 3>Got stepped on cut. You know what's so crazy too?

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<v Speaker 3>Like shout out to my guy Chocolate. He's a designer

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<v Speaker 3>from Ghana. So he came to America for investmentest and

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<v Speaker 3>I saw him the first day that he came and

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<v Speaker 3>he had a headache. He was with him and his

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<v Speaker 3>other guy and I'm like, yo, you need a m

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<v Speaker 3>and he.

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<v Speaker 1>Was like.

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<v Speaker 3>He's like we don't take He's like from Africa, Like

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<v Speaker 3>we're going to take a natural route. Then he gave

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<v Speaker 3>me a whole ten minute education on a natural room

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<v Speaker 3>and how you how you can cure headaches naturally?

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<v Speaker 1>Dad.

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<v Speaker 3>But the way he said avil, you would think I

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<v Speaker 3>offered him crack cocaine. But that goes back to our

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<v Speaker 3>Western We have so much medicine that we don't even

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<v Speaker 3>think about about it. We don't think about what's natural,

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<v Speaker 3>We don't think about how can we do this organically?

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<v Speaker 3>We just think, Yo, right, I'm just gonna go to

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<v Speaker 3>CVS and I'm gonna get right until until you until

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<v Speaker 3>you have these side effects. So be careful to anybody

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<v Speaker 3>that's taking these drugs because obviously it has a lot

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<v Speaker 3>of negative side effects. Now, as far as the business

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<v Speaker 3>is concerned, Nova was a stock that was flying high

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<v Speaker 3>and it's come down dramatically.

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<v Speaker 1>Is it over?

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<v Speaker 5>No, it's not over because I don't want to do

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<v Speaker 5>the dead or a live thing. Are they in critical condition?

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<v Speaker 1>Yes?

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<v Speaker 5>Like going back to best in class. At one point

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<v Speaker 5>I had people telling me Novo was a better company

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<v Speaker 5>than Lily. How also, too write this down, you have

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<v Speaker 5>to study the history of the category. Any company that

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<v Speaker 5>has a product that is publicly traded that is guaranteed

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<v Speaker 5>to have you lose weight. Going back to Finn Finn

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<v Speaker 5>of the nineteen eighties and nineteen nineties, this category normally

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<v Speaker 5>has been a.

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<v Speaker 3>Disaster.

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<v Speaker 5>Novo had Cockrisima back in the day. Like this entire

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<v Speaker 5>class of rapid result weight loss. The issue is always

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<v Speaker 5>heart or stomach issues or liver issues. So it may

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<v Speaker 5>have a blockbuster rise for a little bit, but it's

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<v Speaker 5>not sustainable.

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<v Speaker 1>The things that makes Littally different.

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<v Speaker 5>They have a bunch of other drugs, world class executive

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<v Speaker 5>leadership and different modes that Novo does not have. But

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<v Speaker 5>if you go to look at the history of these

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<v Speaker 5>going back to the nineteen going back to nineteen sixty four,

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<v Speaker 5>within seven years there's lawsuits or collapse in the stock

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<v Speaker 5>tie to weight law products. It's not natural like and

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<v Speaker 5>then even gop ones the venom from a.

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<v Speaker 1>Geala lizard astracted.

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<v Speaker 5>It's not probably so you're putting but that was for

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<v Speaker 5>my Christians. If you're putting lizard and snake venom in

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<v Speaker 5>your body to get the weight of the world off

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<v Speaker 5>of you, yeah, that makes I don't even want to

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<v Speaker 5>go into the inferias reptilian lord world view. But that's

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<v Speaker 5>not what I want to do. Knowing the source of

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<v Speaker 5>the thing is really important. So this space as a whole,

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<v Speaker 5>it's not one that I like to even look to

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<v Speaker 5>invest in long term.

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<v Speaker 4>The snake thing is a little bit exaggerated, a little bit,

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<v Speaker 4>A little bit. I did the deep dive into that.

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<v Speaker 4>I was because I was interested. I'm like, like, oh,

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<v Speaker 4>this is crazy, but it's Novo dead. No, they're not dead.

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<v Speaker 4>Five years ago they were trading thirty dollars. Think about that.

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<v Speaker 4>I'm going to say, they make you get back to that.

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<v Speaker 1>Now, can I land the plane? I land the plane.

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<v Speaker 1>They were at.

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<v Speaker 4>Thirty dollars right before the weight loss craze happened, right

0:11:09.960 --> 0:11:12.439
<v Speaker 4>they o Zepik was the name. It also became like

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<v Speaker 4>band aid. And obviously Lily has come in the problem.

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<v Speaker 4>And I think you laid it out pretty nicely. The

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<v Speaker 4>one thing that they don't have is they're not an

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<v Speaker 4>American company.

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<v Speaker 6>An illegal alien from Guatemala charged with raping a child

0:11:25.480 --> 0:11:29.280
<v Speaker 6>in Massachusetts. An MS thirteen gang member from Al Salvador

0:11:29.520 --> 0:11:33.640
<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

0:11:33.720 --> 0:11:37.599
<v Speaker 6>filming and selling child pornography in Michigan. These are just

0:11:37.720 --> 0:11:41.480
<v Speaker 6>some of the heinous migrant criminals caught because of President

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<v Speaker 6>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:11:45.120 --> 0:11:49.920
<v Speaker 6>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 6>crossings are at the lowest levels ever recorded, and over

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<v Speaker 6>one hundred thousand illegal aliens have been arrested. If you

0:11:56.840 --> 0:12:00.679
<v Speaker 6>were here illegally, your next you will be find nearly

0:12:00.800 --> 0:12:04.800
<v Speaker 6>one thousand dollars a day, imprisoned and deported. You will

0:12:04.840 --> 0:12:08.480
<v Speaker 6>never return. But if you register using our CBP home

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<v Speaker 6>app and leave now, you could be allowed to return legally.

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<v Speaker 6>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 6>border and families will be protected.

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<v Speaker 1>Sponsored by the United States Department of Homeland Security.