Novo Nordisk (Ozempic)

10832.236 - 10854.516 Ben Gilbert

Now, it's interesting that it qualifies as that because, yes, that is totally true. On the other hand, $120 billion is pretty neatly just a little bit larger than a quarter of Novo Nordisk's market cap. And so like the vast majority of that $120 billion is their ownership of Novo Nordisk. So it's not like, oh my God, they spat off $120 billion in cash that they're investing elsewhere. No.