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USO

The Consumer Price Index (CPI) and Producer Price Index (PPI) data are due to be released, with both expected to show a 0.2% increase. Household debt has hit $17T, with credit card debt reaching a record $1.03T. China has entered deflation, but the situation is not as bad as it seems. Positive money flows are seen in Amazon, NVIDIA, Microsoft, Alphabet, Meta Platforms, Tesla, and Apple, while negative flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Bitcoin has moved above $30,000.

Portfolio Pulse from The Arora Report

August 09, 2023 | 4:52 pm

EVTL

Vertical Aerospace Ltd. (NYSE:EVTL) reported an incident involving one of its prototype aircraft during flight testing, according to a 6-K report filed with the SEC. The incident occurred during an uncrewed test of the aircraft’s maneuverability during a motor failure test scenario. Following the news, EVTL shares traded lower on above-average trading volume.

Portfolio Pulse from Erica Kollmann

August 09, 2023 | 4:45 pm

SPY

Senator Feinstein was briefly hospitalized as a precaution but suffered no injuries, according to Senator Schumer. She is now back home and doing well.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 4:42 pm

BNBUSD

COIN

Bitstamp, the oldest crypto exchange, will halt trading for a selection of altcoins for its US-based clientele. The affected digital assets include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR Protocol (NEAR), The Sandbox (SAND), and Solana (SOL). The change will take effect from August 29. The move is speculated to be due to the US Securities and Exchange Commission's (SEC) recent actions, specifically labeling these tokens as unregistered securities in its legal challenges against Binance (BNB) and Coinbase (COIN).

Portfolio Pulse from Murtuza Merchant

August 09, 2023 | 4:36 pm

GOOGL

NVDA

RXRX

Biotech company Recursion has used artificial intelligence (AI) and supercomputers to predict new possible chemical interactions for drug discovery. The company combined a database of 15,000 human proteins from Google's AI research organization, DeepMind, with another containing 36 billion molecules. The data was processed using a supercomputer and cloud computing power from Nvidia. Recursion, which conducts about 2.2 million experiments per week, has collected 25 petabytes of data. However, the company now faces the challenge of turning AI predictions into physical lab tests and getting them through FDA clinical trials.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 4:36 pm

AAPL

The US Supreme Court has allowed Apple Inc. to maintain its App Store payment rules, rejecting a request from Epic Games Inc. that would have allowed developers to direct iPhone users to cheaper alternatives online. The decision prevents an earlier federal appeals court ruling from taking immediate effect, which had found Apple in violation of California's Unfair Competition Law.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 4:23 pm

GNPX

The FDA has granted Genprex's Quaratusugene Ozeplasmid an Orphan Drug Designation for the treatment of small cell lung cancer. This designation provides Genprex with certain benefits, including tax credits, market exclusivity for seven years, and waiver of certain fees.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 3:47 pm

SPY

VGK

The Bank of Russia will begin testing real-world transactions with its digital ruble, a central bank digital currency (CBDC) approved by President Vladimir Putin, with 13 banks excluding Sberbank and Tinkoff. The pilot program will test basic transactions, including opening of digital ruble accounts and money transfers. If successful, the digital ruble should be available for use by 2025. The pilot program aims to ensure the infrastructure surrounding the CBDC is functioning and user-friendly before rolling it out for retail and business use.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 3:47 pm

EXC

ComEd, a subsidiary of Exelon Corporation (EXC), has announced new programs to accelerate the adoption of electric vehicles (EVs) in northern Illinois. The company is investing $231 million in customer programs to remove barriers to electrification, including a new EV Charging Delivery Rate option to incentivize the buildout of an expanded network of EV charging infrastructure. ComEd is also expanding its EV Readiness program, which helps local governments develop policies and programs for EV integration. The initiatives are part of the state's Climate and Equitable Jobs Act, which aims to put 1 million EVs on Illinois roads by 2030.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 3:40 pm

SPY

UNG

The White House has acknowledged the recent spike in natural gas prices and stated that it continues to monitor the global energy market.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 3:25 pm