Welcome to the 158th edition of The Weekly Bull Report.
Virgin Galactic’s Sir Richard Branson reaches space in test flight, part of furious space tourism race.🚀- One cool dude at 71.
Here’s a shortlist of the content we found interesting and informative over the past week…
🤔 Interesting Articles & News:
POLITICS
- 4 Dead, 2 “Presumed Assassins” arrested in Haiti President’s killing.‼️
- Biden’s new executive order to force Big Tech corporations to reshape their thinking and practices. 🖥
- Violence erupts over the jailing of former South Africa leader Zuma. 💥
- Minor Dubai Sheikh to supply poor countries with Sputnik V – at high prices (that’s what you call a royal scam). 🚨
- Potential Brazilian presidential candidate Eduardo Leite declared: “I am a gay governor and I am proud of it”. The homophobic opposition didn’t take it kindly.
ECONOMICS
- The looming stagflationary debt crisis. 💰
- Why tether, the world’s third-biggest cryptocurrency, has got economists worried. 🪙
- 45% of young Brits say their first investment was in crypto – and half are using debt to buy. ⚠️
- Goldman Sachs – Crypto, a new asset class? ☑️
- Saudi Arabia sets cap on local gasoline price for July at $0.62 cents per liter for 95 octane. 🛢
CULTURE
- Oregon’s Kayvon Thibodeaux collaborates with Nike’s Knight, Hatfield on NFT.
- Andy Murray’s Wimbledon NFT fetches $178k at auction.🎾
- The rebirth of NFTs: Moving beyond the initial hype.
- Coffee and doughnuts: Exploring an iconic pairing. 🍩☕
- Westerns are now leaning towards Eastern philosophers for wisdom. 🎎
- How the world enjoyed vibrant flora illustrations before Instagram. 🤳
- Translations do pose thin opportunities for misinterpretations. 💬
SOCIETY
- The decadence of the new veganism. 🌱
- Trump sues Twitter, Facebook, Google – and immediately begins fundraising off the effort.
- Avenatti sentenced to 2 1/2 years in prison for extortion. 👩⚖️
- Here’s the moment 14-year-old Zaila Avant-garde won the 93rd Scripps National Spelling Bee. 🥇
- What is Gonzo Journalism and how did Hunter Thompson develop it? 📃
- Companies say they care about the environment, society, governance. But is it really true? 🤔
- What is Tokenization and how is it changing Markets as we know them?
TECHNOLOGY
- A new cultured meat factory will churn out 5,000 bioreactor burgers a day. 🍔
- New research highlights the significant nutritional differences between meat and plant-based meat analogs. 🔬
- US Air force shares digital rendering of the B-21 nuclear bomber. 🛩
- Samsung silently launches TV Plus, its free and ad-supported TV streaming service available on all devices. 📺
- Microsoft’s new decentralized ION network provides individuals full control of their personal data and exchanges. 🧑💻
- The Chinese showcase their underwater fish drone, with high resemblance to a real fish. 🐟
MEDICINE & SCIENCE
- Breakthrough CRISPR gene therapy could be a ‘One and Done’ injection. 🧬
- Starting the day off with chocolate could have unexpected benefits. 🍫
- Success in reversing dementia in mice sets the stage for human clinical trials. ✅
- Landmark research integrity survey finds questionable practices are surprisingly common. 👩🔬
- Can overweight docs really give credible weight loss advice? ⚖️
- Our genes shape our gut bacteria. 🧫
- Could the ketogenic diet be helpful with brain cancer? 🥗
- Diabetes could be main factor behind the accelerated progression of COVID-19.
- Diet rich in Omega-3s linked to fewer migraines, less pain. 🐟
- Death rates are declining for many common cancers in the U.S.
- Biotech startup using AI to take the guesswork out of cancer drug selection raises $70M. 💸
- How a lizard’s venom inspired the promising weight loss drug Wegovy. 🦎
CANNABIS & PSYCHEDELICS
- Psychedelic compound in “Magic Mushrooms” prompts the growth of neural connections lost in depression. 🍄
- Medical cannabis grown in Germany available for the first time. 🌿
- FBI loosens marijuana employment policy for would-be agents. 👮♂️
- Nevada declares marijuana, not performance-enhancing—legalizes cannabis use for MMA athletes. 🥊
- Psychonautical journalist Michael Pollan is finally ready to end the war on drugs. 💊
- The author of ‘This Is Your Mind on Plants’ says psychedelics ‘are wasted on the young’.
- Hallucinating mice could help us understand schizophrenia. 🐁
SPORTS
- Shohei Ohtani isn’t Babe Ruth—He’s better. ⚾
- Two-time Major Champion Angel Cabrera gets two years in prison for domestic violence. 🏌️♂️
- Lightning win second consecutive Stanley Cup. 🏆
- USA Track And Field Team says marijuana punishments ‘should be reevaluated’ following Richardson’s suspension. 🏃♀️
- The Billionaire Playbook: How sports owners use their teams to avoid millions in taxes. 💵
- Ash Barty overcomes Karolina Pliskova to win Wimbledon title, second career Grand Slam trophy. 🎾
- Spectators banned from the Olympics as Japan declares a state of emergency. 👥
- Harleen Deol takes the catch of the year during the women’s England v India T20 match.
- Novak Djokovic conquers Matteo Berrettini in Wimbledon final to join Roger Federer, Rafael Nadal on record 20 Grand Slam titles.🎾
💲 Noteworthy Stocks & Assets:
- Goldman Sachs: Ethereum could overtake Bitcoin.
- Biohaven Pharmaceutical (NYSE: $BHVN) – Set to Continue to Rise 📈
- M2Bio Sciences (OTC: $WUHN) – CBD Infused Olive Oil Available Online 🫒
Earnings spotlight:
Monday, July 12th: Simulations Plus (NASDAQ:SLP).
Tuesday, July 13th: PepsiCo (PEP), JPMorgan Chase (JPM), Goldman Sachs (GS), Conagra Brands (NYSE:CAG), Fastenal (NASDAQ:FAST).
Wednesday, July 14th: Bank of America (NYSE:BAC), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Delta Air Lines (NYSE:DAL), Cinedigm (NASDAQ:CIDM).
Thursday, July 15th: Morgan Stanley (NYSE:MS), Charles Schwab (NYSE:SCHW), U.S. Bancorp (NYSE:USB), Taiwan Semi (NYSE:TSM), Progressive (NYSE:PGR), UnitedHealth (NYSE:UNH), Alcoa (AA).
Friday, July 16th: Ericsson (NASDAQ:ERIC), State Street (NYSE:STT).
IPOs expected to start trading this week:
IPO watch: A slower week on the new initial public offering front, though the start of the week brings the end of quiet periods for several names, including (on July 12) Angel Oak Mortgage (NYSE:AOMR), Convey Health (NYSE:CNVY), Lyell Immunopharma (NASDAQ:LYEL), Verve Therapeutics (NASDAQ:VERV), and WalkMe (NASDAQ:WKME); and on July 13, Ambrx Biopharma (NYSE:AMAM), Cyteir Therapeutics (NASDAQ:CYT), Codex DNA (NASDAQ:DNAY), Century Therapeutics (NASDAQ:IPSC), AiHuiShou International (NYSE:RERE), and Tremor (NASDAQ:TRMR). Meanwhile, lockups expire for Affirm (NASDAQ:AFRM) on July 12; Poshmark (NASDAQ:POSH) on July 13; and Driven Brands (NASDAQ:DRVN) and Playtika (NASDAQ:PLTK) on July 14.
What Moved The Markets Last Week:
U.S. Indices
Dow +0.2% to 34,870. S&P 500 +0.4% to 4,370. Nasdaq +0.4%, to 14,702. Russell 2000 -1.3% to 2,275. CBOE Volatility Index +7.4% to 16.18.
S&P 500 Sectors
Consumer Staples +0.4%, Utilities +0.9%, Financials -0.6%, Telecom -0.4%, Healthcare +0.4%, Industrials +0.2%, Information Technology +0.9%, Materials +0.2%, Energy -3.4%, Consumer Discretionary +1.5%.
World Indices
London 0.% to 7,122. France -0.4% to 6,529. Germany +0.2% to 15,688. Japan -2.9% to 27,940. China +0.2% to 3,524. Hong Kong -3.7% to 27,274. India -0.2%to 52,386.
Commodities and Bonds
Crude Oil WTI -0.7% to $74.63/bbl. Gold +1.4% to $1,808.6/oz. Natural Gas -0.6% to 3.678. Ten-Year Treasury Yield +0.5% to 133.39.
Forex and Cryptos
EUR/USD +0.11%. USD/JPY -0.79%. GBP/USD +0.58%. Bitcoin -2.8%. Litecoin -4.6%. Ethereum -3.9%. Ripple -6.8%.
🎯 Stocks On Our Radar:
- Biohaven Pharmaceutical (NYSE: BHVN) – New $200 target.📈(Biohaven set to be a major migraine player as Nurtec ODT sales dwarf estimates)
- AgeX (NYSE: AGE)📈 – (creeping up – $3.00 target)
- Portage Biotech (NASDAQ: PRTG) 📈 – (big reversal coming- $100 target)
- Wuhan General Group (OTC: WUHN)📈
- Agronomics Ltd (OTC:AGNMF)📈
- Regent Pacific Group Ltd. (HKG: 0575) 📈
- ThreeD Capital Inc. (IDK.CN) (OTC: IDKFF)📈
🏆 Quotes That Inspire Us:
See the invisible. Believe the incredible. Attempt the impossible!
📖 Word Of The Week:
Causative adj. 1. Indicative that the subject causes an act to be performed or a condition to come into being. “A causative factor of war.”
❔ Did You Know:
The longest tennis match lasted for 11 hours and 5 minutes and was contested over three days between John Isner and Nicolas Mahut at 2010 Wimbledon.🎾
📚 Books We Are Reading:
- The Splendid and the Vile: A Saga of Churchill, Family, and Defiance During the Blitz – Erik Larson
- Acting With Power: Why We Are More Powerful Than We Believe – Deborah Gruenfeld
- Square Haunting: Five Writers in London Between the Wars – Francesca Wade
- Hacking Darwin: Genetic Engineering and the Future of Humanity – Jamie Metzl
- Ghosts of Gold Mountain: The Epic Story of the Chinese Who Built the Transcontinental Railroad – Gordon H. Chan
🤣 One-Liners:
What’s the difference between a hippo and a Zippo? One is really heavy, and the other is a little lighter.
Our very best wishes for a brilliant upcoming week! 💪
Respectfully yours,
The IBR Team
Please send any news, comments, or stock ideas to jeff@internetbullreport.com and follow IBR on Twitter @IBullReport 
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