Bitcoin's Correction Ends, But Must Hit A Key Target To Reach $70K, Says 10x Research; European Drug Agency Backs Novo Nordisk's Wegovy For Obesity-Related Heart Failure - Top Headlines Today While US Slept
Portfolio Pulse from Akanksha Bakshi
The European Drug Agency has backed Novo Nordisk's Wegovy for obesity-related heart failure, while Bitcoin's correction ends with a target to reach $70K. Nvidia and Tesla rally as the Dow and S&P 500 hit new highs after Fed rate cuts.
September 20, 2024 | 1:04 pm
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POSITIVE IMPACT
Nvidia's stock is rallying as the Dow and S&P 500 surge to new highs following the Fed's rate cuts.
Nvidia is benefiting from the overall market rally driven by the Fed's rate cuts, which is boosting investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Novo Nordisk's Wegovy receives backing from the European Drug Agency for treating obesity-related heart failure.
The European Drug Agency's support for Wegovy could lead to increased sales and market share for Novo Nordisk, positively impacting its stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tesla's stock is rallying as the Dow and S&P 500 surge to new highs following the Fed's rate cuts.
Tesla is benefiting from the overall market rally driven by the Fed's rate cuts, which is boosting investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80