Author: Multibagger News

The Impact of the Presidential Debate on Cryptocurrency Stocks: Analysis and Predictions As the world’s best investment manager and financial market’s journalist, I am here to break down the recent decline in cryptocurrency stocks following the presidential debate between Kamala Harris and Donald Trump. Trump’s pro-crypto stance had previously boosted market sentiment, but Harris’s lack of a clear position seems to have spooked investors. Bitcoin, the leading cryptocurrency, is down by 0.8% in the last 24 hours, with ether also falling by 1%. This drop indicates concerns over potential regulatory changes under a Harris presidency. Crypto mining companies like Riot…

Stifel reiterates Buy rating on Jazz Pharmaceuticals (NASDAQ: JAZZ) with a price target of $230.00, focusing on the potential of oncology drug zanidatamab (Zani) in HER2-resistant cancers. Jazz has a strong position in key indications like biliary tract cancer, gastroesophageal adenocarcinoma, and breast cancer, targeting an oncology population that values data over regulatory approvals. The FDA decision on second-line BTC treatment with Zani is expected on November 29, 2024, presenting a significant opportunity in a space lacking approved therapies. The potential expansion of Zani into larger markets like GEA and BC could lead to a pan-tumor profile. Jazz’s oncology future…

Crypto Market Takes a Hit: How Kamala Harris’ Debate Performance Shook Up Bitcoin and Other Cryptocurrencies (Multibagger) – In a surprising turn of events, U.S. cryptocurrency stocks tumbled in premarket trading on Wednesday following a heated presidential debate where Democratic candidate Kamala Harris put Republican rival Donald Trump on the defensive. This unexpected political maneuvering sent ripples through the crypto market, underscoring the delicate interplay between politics and digital assets. Presidential Debate Impact on Crypto: Harris vs. Trump Former President Donald Trump has been a vocal advocate for Bitcoin, positioning himself as a pro-crypto candidate. His potential return to office…

In a statement on Wednesday, Iran’s foreign minister Abbas Araqchi refuted claims that Tehran had provided ballistic missiles to Russia. He criticized the sanctions imposed on Iran by the United States and three European powers, stating that they are not a solution to the issues at hand. The E3, consisting of Britain, Germany, and France, joined the US in imposing new sanctions on Iran, including measures against its national airline Iran Air. US Secretary of State Antony Blinken alleged on Tuesday that Russia had received ballistic missiles from Iran and may deploy them in Ukraine soon. He expressed concerns about…

Mistral AI’s Pixtral 12B: The Latest Breakthrough in AI Technology French AI startup Mistral has recently unveiled Pixtral 12B, a revolutionary 12-billion-parameter model that can process both images and text with unprecedented accuracy. This cutting-edge model, available on GitHub and Hugging Face, is set to transform the way we interact with AI technology. With its impressive problem-solving skills, Pixtral 12B is capable of answering questions about images of any size, making tasks like image captioning and object counting a breeze. Built on Mistral’s Nemo 12B text model, this multimodal model is poised to revolutionize the AI landscape. While the exact…

Tourmaline Bio (TRML) Receives Buy Rating from Truist Securities After Groundbreaking Study Reveals Inflammation’s Role in Cardiovascular Disease – Is This Biotech Stock a Hidden Gem? Truist Securities reaffirms its Buy rating and $74.00 price target for Tourmaline Bio (NASDAQ: TRML) following a groundbreaking presentation at the ESC Congress. The study, which spanned over 30 years and analyzed 28,000 individuals, highlighted the crucial role of inflammation in cardiovascular disease (CVD). The findings suggest that high-sensitivity C-reactive protein (hsCRP) may be a more reliable indicator of cardiovascular events than traditional markers like LDL cholesterol. Tourmaline Bio’s Phase 2 study on its…

FRANKFURT (Multibagger) – Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets. Less than 2% of the EU’s heavy freight vehicles are now electric and hydrogen-powered. To meet the bloc’s carbon emission reduction targets, the share should rise to 40% of new sales by 2030, the study released before the IAA Transportation 2024 truck show in Hanover showed. Currently production costs for electric trucks are 2.5-3 times higher…

U.S. Stock Futures Dip Amid Rising Odds of Kamala Harris Victory: Key Inflation Data in Focus Market Overview: On Wednesday, U.S. stock index futures experienced a dip as investors increasingly anticipate a win for Democrat Kamala Harris in the upcoming presidential elections. Simultaneously, market participants are keenly awaiting a crucial inflation reading scheduled for later in the day. Political Influence on Market Sentiment: For weeks, investors have been recalibrating their expectations ahead of the Federal Reserve’s policy meeting next week. The forthcoming inflation data will play a pivotal role in shaping these expectations. However, the recent U.S. presidential debate has…

U.S. Inflation Data in Focus Ahead of Federal Reserve Rate Decision – Expert Analysis by Dhara Ranasinghe As the world watches a fiery U.S. presidential debate, upcoming U.S. inflation numbers are quietly waiting to make a big impact on the markets. The August consumer price inflation report, set to be released later today, is the final major data release before the highly anticipated Sept. 18 Federal Reserve rate decision. With markets still pricing in a 35% chance of a 50 basis points cut next week (a 25 bps cut is already priced in), the latest inflation numbers could shift traders’…

Germany Tightens Borders to Reduce Irregular Migration – What You Need to Know Germany has announced plans to extend controls to all its land borders in an effort to reduce irregular migration, marking a shift from its previous open-door policy. This move could strain regional unity and impact travel within the European Union. The government will implement temporary controls starting on Sept. 16, lasting for six months. They also proposed to toughen up the implementation of EU asylum rules, including detaining asylum seekers to determine if Germany is responsible for processing their case. Analysts believe these plans are politically motivated,…