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Morgan Stanley expects ice cream to be most affected food category in light of GLP-1 drugs' popularity, with 5.3% dip in consumption by 2035; cakes, cookies, candies, chocolates, frozen pizzas, chips and regular sodas could fall by over 4% in this time

Morgan Stanley expects US dollar to continue as world's primary reserve currency despite mounting debt levels in US, uptick in global geopolitical risks; analyst cites lack of strong contenders such as Chinese yuan for dollar's resilience

Morgan Stanley: Tobacco industry has reason to fret about GLP-1 drugs like Ozempic; survey finds 40% smoked cigarettes at least weekly before starting drug, and number fell to 24% after treatment, while weekly e-cigarette usage fell from 30% to 16%

Morgan Stanley calls Heineken's Q1 results good start to the year, as beer sales outpaced expectations; however, one-off impacts and softer comparable sales in Vietnam and Nigeria mean 'this magnitude of volume growth' isn't expected for the whole year

Morgan Stanley rates Treasury Wine Estates at overweight, expects fiscal 2027 Penfolds earnings to increase; removal of Chinese tariffs should support wine brand's volumes and pricing, while increased luxury volumes will become available for sale

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