Tesla And Seagen (Cancer-based Biotech Company) saved the stock market earlier this week after all the indexes had their worst week of the year last week. The tech-driven Nasdaq led the way for stock market gains early in the
week.
The reason Seagen is going through the roof right now is that Pfizer is looking to purchase it. The deal would be massive since Seagen is valued at over $30B.
A Major
sell-off in bonds has sent treasury yields higher which of course makes stocks less attractive.
China wants a bigger share of the smartphone
industry. Two major CCP smartphone producers; Xiaomi and Honor are releasing new phones with all the
bells and whistles they can manage. Fortunately, for Apple and Samsung, US sanctions on China have really limited Chinese producers to capitalize on global markets.
Snapchat is a social media powerhouse and it is now trying to diversify by adding an AI powered bot to its $4/month premium subscription. The AI bot powered by ChatGPT will be less of a search tool and more of a platform companion. The idea is that the bot will make recommendations to the user on how to use the platform.
Apartment rents keep falling and with 500K new rentals expected to be listed this year, you can expect those rents to keep falling. The covid market is finally letting up.
Remember Bidens Student Debt Relief program that is supposed to cost $430 Billion? Well, the fate of that plan rests in the hands of SCOTUS. The supreme court will hear oral arguments
on why the plan should, or should not be accepted. The 6-3 conservative majority in the Supreme Court makes many pundits think that the plan will ultimately be shot down.
Disney just lost their special district
status in Florida thanks to Gov. Ron DeSantis. Gov. DeSantis made this a priority of his administration back when Disney did not get on board with the falsely dubbed “Don’t Say Gay Bill” which is really just a bill that says we should not teach K-4th graders about Gender Transitioning. Is it really that hard to just stick to Math, reading, and science in public schools?!
Millennials are the worst, I should know, I am one. One of the many things that make my generation such a problem is that we have accumulated more debt in our 30s than any other age group. Minus the people who had to live through the 2008 crash. Frivolous spending and
meaningless degrees is what plague us, and it probably is all our parent’s fault…I mean our baby boomer and generation x parents did invent the internet.
