Welcome to the 204th edition of The Weekly Bull Report.
Biden White House crumbling as staff leaving in droves. 👋👋
Here’s a shortlist of the content we found interesting and informative over the past week…
🤔 Interesting Articles & News:
POLITICS
- Biden Administration’s China policy views the Communist regime as ‘Integral’ to global progress. 🇨🇳
- Murphy calls Florida gun law the ‘right one’ as senators negotiate federal legislation. 🔫
- Civilians at risk amid resurgence of M23 rebels in DR Congo. 🇨🇩
- No Justice 33 Years after Tiananmen Massacre in China. 👩⚖️
- Kazakhstan holds referendum to overhaul political system after three-decade rule of founding leader Nursultan Nazarbayev. 🇰🇿
ECONOMICS
- South Africa’s economy has taken some heavy body blows: Can it recover? 🇿🇦
- Toronto home prices declining after massive run. 📈
- Turkish consumer inflation soars to 73.5%. 💹
- U.S. skeptical U.N.-Russia talks will free trapped Ukrainian grain. 🌾
- Joe Biden considers lifting some China tariffs, put in place by Trump, to fight inflation. 💰
- Argentina’s 2022 inflation forecast to 72.6%, according to central bank. 🇦🇷
- U.S. jobs report shows Fed-friendly moderation, but still strong hiring. 💼
- A real recovery or a ‘Dead-Cat Bounce’? 🐈⬛
CULTURE
- Blood Sisters: Why the mini-series on Netflix sets a new pace for Nollywood. 📽
- Photographers capture life of reindeer herders living on the Mongolian-Siberian border, 📷
- African countries need tighter controls to curb growing tobacco use. 🚬
- Thieves took $2 million tabernacle from Brooklyn church. ⛪️
- Artists have been painting inside Spanish cave for 58,000 years. 🎨
- Archaeologists discover 134 ancient settlements North of Hadrian’s Wall. 🛖
- Saudi Arabia receives 1st foreign Hajj pilgrims since COVID began. 🕌
SOCIETY
- 3,500 workers at 70 firms to trial 4-day work week — here’s how it will work. 👨💼
- Canada’s beloved Tim Hortons spied on everyone who used its app. 📲
- Why do women have lower alcohol tolerance than men? 🍹
- What weapons are banned or restricted in war? 🪖
- Mapped: Ukraine refugee crisis in Europe. 🇪🇺
- Man was encased in volcanic ash in Pompeii. Here’s what his DNA reveals. 🌋
- World’s largest plant is a seagrass that clones itself. 🌱
- Extinct, head-butting animal may help explain Giraffes’ long necks. 🦒
- Residents evacuated as wildfire on outskirts of Athens threatens homes. 👩🚒
TECHNOLOGY
- Facebook defections are piling up: Head of AI jumps (sinking) ship. ⚓️
- A versatile new AI is fueling speculation that machines will soon think like humans. 💭
- What makes smoky, charred barbecue taste so good? The chemistry of cooking over an open flame. 🍖
- How 3D printers are building better world. 🌎
- Good tech, fast medicine: How you’ll soon be able to pick up a prescription anywhere in Europe. 👩⚕️
- Physicists discover strange array of links and knots in Quantum Matter. ⚛️
- High-speed moving Fusion Plasma turbulence discovered for the first time in the World. 💥
- Bending the laws of physics: Time crystals “impossible” but obey quantum physics. 🧊
- China finds uranium at ‘impossible’ depth: Nuclear authorities describe the find as ‘a major breakthrough’. 🌊
MEDICINE & SCIENCE
- Researchers have developed a new drug-delivering gel made from plant-based oils that make the consumption of pills easier. 💊
- Link between exercise intensity and risk of infection. 🧫
- Erectile dysfunction in diabetes may be underestimated. 🍆
- Investigating whether epigenetic aging is the manifestation of one or more aging hallmarks. 🧬
- Exploring the relationship between oils in coffee and cholesterol. ☕️
- People who drink coffee daily live longer, study says. 👵🏻
- Understanding arteriosclerosis: How blood vessels restructure under pressure. 🩸
- The impact of alcohol on sleep. 🛌
- Race, gender, and the ways these identities intersect matter in cancer outcomes. 🩺
- Fragmented tau that accumulates in neurons in those with Alzheimer’s disease may be a new target for drugs to treat the neurodegenerative disease. 🧠
- Getting started with the Keto Diet. 🥗
- Nutrients and exercise affect tumor development. 🏃♀️
- When body odor is an indicator of disease. 👃
- Ovarian research aims to extend fertility and lengthen lives by delaying menopause. 👼
- Some blood pressure medicine may decrease the aneurysm rupture risk for people with high blood pressure. 🫀
- Research finds coffee effective against fatty liver. 🔬
- Coffee consumption link to reduced risk of acute kidney injury. 👩🔬
CANNABIS & PSYCHEDELICS
- Aurora Cannabis raises $125 million at 76% discount to their last bought deal 16 months ago (investors still backing them?). 📉
- Neuroscientists gain a deeper understanding of how LSD affects molecular brain activity. 🧠
- Spain looks at legalising medicinal cannabis, and billion-dollar industry to grow it. 🇪🇸
- Surprising side effects of marijuana after age 50. 🌿
- The psychedelic gold rush: Marketing the future of mental healthcare to the masses. 🩺
- Consciousness and psychedelics. 🧘♀️
- Thousands of years ago, artists documented their world on rock walls — including, perhaps, ritual use of hallucinogens. 🪨
- Can ketamine help treat depression? ⛈
- Psilocybin is effective up to 12 weeks in severe depression. 🍄
SPORTS
- LeBron James becomes first active NBA player to become a billionaire. 🏀
- Nadal wins record 14th French Open, 22nd Grand Slam. 🏆
- Ukraine’s hopes of reaching this year’s World Cup end with 1-0 defeat against Wales. 🇺🇦
- Lacklustre England slip to Nations League 1-0 defeat in Hungary to end unbeaten streak. ⚽️
- Devin Haney dethrones George Kambosos to become undisputed lightweight champion. 🥊
- Roger Federer and Serena Williams not included on entry lists for Wimbledon. 🎾
💲 Noteworthy Stocks & Assets:
- The tech rout isn’t just cyclical — It’s well-earned and overdue (Bloomberg, famous for rearview mirror analysis). 📉
- Despite market rout, hedge funds hold steady with SPACs. 🤑
- Leading your Biotech through a beating – BioProcess interviews Portage (NASDAQ; $PRTG). 🧬
- Dubai charity to accept donations in cryptocurrency. 🇦🇪
- New York just passed a bill cracking down on bitcoin mining — here’s everything that’s in it. 🪙
- Los Angeles Lakers jersey worn by Kobe Bryant in rookie season sells at auction for $2.73 million. ⛹
Earnings spotlight:
Monday, June 6 – Coupa Software (COUP).
Tuesday, June 7 – United Natural Foods (UNFI), J.M. Smucker (SJM), Academy Sports + Outdoors (ASO), Dave & Buster’s Entertainment (PLAY), and Guidewire Software (GWRE).
Wednesday, June 8 – Thor Industries (THO), Campbell Soup (CPB), Bausch + Lomb Corporation (BLCO), and Five Below (FIVE).
Thursday, June 9 – Nio (NIO), Signet Jewelers (SIG), DocuSign (DOCU), Rent the Runway (RENT), and Stitch Fix (SFIX).
IPOs expected to start trading this week:
No new IPOs are expected to start trading. The quiet periods ends on Hanover (NASDAQ:HNVR) on June 6 and ProFrac (PFHC) on June 7 to free up analysts to post ratings. The IPO lockup period for a block of shares of Chicago Atlantic (NASDAQ:REFI), Cingulate (CING) and HashiCorp (HCP) also expires during the week.
What Moved the Markets:
U.S. Indices
Dow -0.9% to 32,900. S&P 500 -1.2% to 4,109. Nasdaq -1.% to 12,013. Russell 2000 -0.3% to 1,883. CBOE Volatility Index -3.6% to 24.79.
S&P 500 Sectors
Consumer Staples -1.7%. Utilities -1.4%. Financials -2.1%. Telecom -0.2%. Healthcare -3.1%. Industrials flat. Information Technology -1.1%. Materials -1.%. Energy +1.2%. Consumer Discretionary flat.
World Indices
London -0.7% to 7,533. France -0.5% to 6,485. Germany 0.% to 14,460. Japan +3.7% to 27,762. China +2.1% to 3,195. Hong Kong +1.9% to 21,082. India +1.6% to 55,769.
Commodities and Bonds
Crude Oil WTI +4.5% to $120.26/bbl. Gold -0.2% to $1,853.9/oz. Natural Gas -2.2% to 8.539. Ten-Year Bond Yield -0.2 bps to 2.941.
Forex and Cryptos
EUR/USD -0.07%. USD/JPY +2.97%. GBP/USD -1.%. Bitcoin +2.3%. Litecoin -1.%. Ethereum -1.3%. XRP +1.2%.
Top S&P 500 Gainers
Salesforce (CRM) +14%. SolarEdge Technologies (SEDG) +12%. Generac Holdings (GNRC) +11%. Under Armour (UA) +10%. Amazon.com (AMZN) +10%.
Top S&P 500 Losers
Bath & Body Works (BBWI) -10%. Regeneron Pharmaceuticals (REGN) -8%. Cardinal Health (CAH) -7%. Hormel Foods (HRL) -7%. McKesson (MCK) -6%.
🎯 Stocks On Our Radar:
- AgeX (NYSE: AGE) 📈 – $3.00 target
- Portage Biotech (NASDAQ: PRTG) 📈 – $45 target
- Wuhan General Group (OTC: WUHN) 📈 – $3.00 target
- Agronomics Ltd (OTC: AGNMF) 📈
- Regent Pacific Group Ltd. (HKG: 0575) 📈
- ThreeD Capital Inc. (IDK.CN) (OTC: IDKFF) 📈
🏆 Quotes That Inspire Us:
“You don’t need to have a 100-person company to develop that idea.”
– Larry Page
📖 Word Of The Week:
Glean | gleen |, verb – [with object] obtain (information) from various sources, often with difficulty: “The information is gleaned from press cuttings.” | collect gradually: “Objects gleaned from local markets.”
❔ Did You Know:
Some cats are actually allergic to humans. 🐈⬛
Dander, which is essentially tiny pieces of dead skin that fall off the body of humans, dogs, and other animals, may cause an allergic reaction in cats. This is extremely rare, however. — Is your cat allergic to you?
📚 Books We Are Reading:
- The Case Against Sugar – by Gary Taubes.
- Factfulness: Ten Reasons We’re Wrong About the World And Why Things Are Better Than You Think – by Hans Rosling.
- Our Final Invention – by James Barrat
- Life 3.0: Being Human in the Age of Artificial Intelligence – by Max Tegmark.
🤣 One-Liners:
A client asks his adviser, “where should I invest my money?”
“Put it on booze,” the adviser says.
“Where else are you gonna get 40%?”
📽 A Must Watch & Listen:
- A.I. just designed an Enzyme that eats plastic. ♻️
- Goldman Sachs says Yen is the safest currency. 💹
- Leading your Biotech through a beating – BioProcess interviews Portage (NASDAQ; $PRTG). 🧬
📆 Upcoming Events:
Fierce Biotech NextGen 🧬
Talking about the next generation: What’s beyond the leading edge of biotech and pharma?
June 29-30, 2022 | Fierce Biotech NextGen virtual event
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 
All content provided by Internet Bull Report is for informational and educational purposes only and is not meant to represent trade or investment recommendations.
