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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING

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Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants

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• Chinese online retailer Temu added a surcharge of 145% to products in order to offset tariff costs.
• Bitcoin and ether ETFs pulled in over $3.2 billion last week as traders rode the crypto wave higher.
• The US Treasury ended this quarter with a lot less cash than it expected, and will have to borrow a lot more than anticipated in the second quarter.
• Elon Musk wants money: Neurolink is hoping to raise about $500 million, while xAI has kicked off the second-largest private funding round ever.

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What’s up

• Plug Power soared 25.68% on the news that the hydrogen fuel cell manufacturer has signed a deal that allows it to issue $525 million in secured debentures.
• Tesla eked out a 0.33% gain as investors took profits following the EV company’s strong week in spite of terrible earnings.
• IBM rose 1.61% after the tech company pledged to invest $150 billion in US manufacturing over the next five years.
• Peloton climbed 4.93% thanks to an upgrade from Truist analysts, who said the home workout company has cleaned up the “BS.”
• MGM Resorts International gained 1.71% after reporting an impressive 34% increase in revenue last quarter thanks to its BetMGM platform.
• ADMA Biologics popped 12.12% on FDA approval of its new production process that draws 20% more usable material from donated plasma than current methods.

What’s down

• Nvidia sank 2.05% on the news that China’s Huawei Technologies is preparing to test a new semiconductor that could rival Nvidia’s most powerful tech.
• Coinbase fell 2.08% on a double downgrade from Compass Point analysts, who cited a decline in retail trading activity.
• DraftKings dropped 1.51% after Mizuho analysts lowered their price target on the company, cutting their expectations for the gambling stock’s EBITDA.

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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.

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