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On Episode 615 of The Core Report, financial journalist Govindraj Ethiraj talks to Sheetal Sapale, Vice President (Commercial) at Pharmarack. We also feature an excerpt from our upcoming weekend edition interview with Mark Kaplan, Co-Founder and Partner at WholeChain, part of our “Build on Blockchain” Series. ____________________________________________ In Partnership With: Want smarter investing at your fingertips? With InvestingPro, get real-time market data, custom alerts, and global financial insights — all in one place. Join 46 million users already making sharper decisions. Download InvestingPro today: https://www.investing-referral.com/aff303 ____________________________________________ SHOW NOTES (00:00) Top Stories of the Day (01:00) Markets steady despite Middle East tensions (04:33) Crude oil prices tumble as fears ease (05:43) Tata Motors: No rare earths supply concern (07:41) Weight loss drug market heats up in India with global players (08:34) How pharma MNCs are shaping strategy in India (21:48) Boosting shrimp export traceability for Indian farmers New Directions: A ceasefire between Israel and Iran is already breaking down, hours after U.S. President Trump announced it. Frustrated with Israel’s actions, he warned against further escalation on Truth Social before heading to a NATO summit in The Hague. While long-term effects on oil prices and geopolitics may take time, markets are reacting with relief for now. Air India and IndiGo, which had suspended West-bound flights, are resuming services. Airports in Doha, Dubai, Bahrain, and Kuwait have reopened, though foreign carriers remain cautious. This is among the worst disruptions for Indian travellers since COVID-19, especially for Air India, already affected by the Ahmedabad-London crash. Tensions remain high, and markets are watching closely. Despite this, Indian markets showed resilience. On Tuesday, the Sensex rose 158 points to 82,055 (intraday high: 83,018), and Nifty 50 gained 72 points to 25,044. Gains were led by PSU Bank and Metal indices. Mid- and Small-Cap indices rose 0.7% each. Oil prices fell nearly 6%, erasing gains since Israel’s initial strikes. Brent is now around $69. The rupee gained 0.9%, closing at ₹85.97/USD—its best day since May 23—on lower oil and a weaker dollar. Oil Prices Are On A Swing: Oil remains volatile. Tanker rates surged, with supertanker prices to China up 12% to $76K/day—highest since March 2023. Shipping costs added ~$1.4/barrel since the Iran strikes. Navies warn of elevated risks, but flows continue for now. Tata Says Supply Of Rare Earth Is Fine: Tata Motors says China’s rare earth curbs haven’t affected EV production. Maruti has cut output, but Tata’s plans remain on track. The company is also working to reduce rare earth usage. China controls over 90% of global magnet processing, and new permits are slowing global supply. More Action In Weight Loss: Novo Nordisk launched Wegovy in India after Eli Lilly’s Monjaro. With 250M Indians obese, demand is high. Wegovy, a weekly prescription injection, will be available by June-end, priced ₹17K–₹26K. Decoding Drug MNC Strategy: Pharma MNCs are focusing on niche, R&D-heavy segments. Their India market share dropped from 22% in 2013 to 15% today. Companies like Merck, Lilly, and AstraZeneca spend up to 28% of sales on R&D. We spoke to Sheetal Sapale, VP at PharmaRack, for insights. Build on Blockchain: Blockchain is improving supply chain traceability. Whole Chain is helping Indian shrimp exporters verify origin. Co-founder Mark Kaplan shares more—full interview on YouTube and Spotify. Thanks for watching “Weight Loss Drugs In India: A $25K Shot At Obesity?” featuring Govindraj Ethiraj on The Core Report. For more on Wegovy, Monjaro, pharma strategy, obesity in India, and drug R&D, like, comment, and subscribe. Stay tuned for insights into India’s healthcare, global pharma, and weight loss trends. #WeightLossDrugs #WegovyIndia #PharmaStrategy #TheCoreReport #TheCore Join The Core Insider to get access to perks: https://www.youtube.com/channel/UCzXJw6XkwZulY4nigdtvs4Q/join Listeners! We await your feedback: https://tinyurl.com/TCR-Listener-Survey The Core & The Core Report is ad supported & FREE for all readers & listeners. Write in to [email protected] for sponsorships & brand studio requirements. For more of our coverage check out thecore.in (https://www.thecore.in/) Support the Core Report (https://tinyurl.com/Support-the-Core-Report) Join & Interact anonymously on our WhatsApp channel (https://tinyurl.com/The-Core-WhatsApp-Channel) Subscribe to our Newsletter (https://www.thecore.in/newsletters/thecorenewsletter) Follow Us on Social Media for More Updates: Twitter (https://twitter.com/the_core_in) Instagram (https://www.instagram.com/the.core.in/) Facebook (https://www.facebook.com/thecore.biz/) Linkedin (https://www.linkedin.com/company/thecore-in) Youtube (https://www.youtube.com/@thecore_in)

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