Podcast Summary
Qualcomm's challenges: Qualcomm's processor issues and software compatibility problems with Samsung hurt its stock, while Canada's potential tariffs on Chinese EV imports and Apple's outperforming M3 chip add to Qualcomm's woes, underscoring the significance of tech competitiveness and regulatory actions.
Qualcomm's processor issues and software compatibility problems with Samsung's new laptop, the Galaxy Book 4 Edge, have negatively impacted Qualcomm's stock. Meanwhile, Canada is reportedly considering new tariffs on Chinese electric vehicle imports, following the lead of the US and EU, due to concerns over Chinese oversupply and potential job losses. In the tech world, Apple's M3 chip in the MacBook Air outperforms Qualcomm's newer chips, further adding to Qualcomm's challenges. These developments highlight the importance of technological competitiveness and regulatory actions in the global market.
Counterfeit ozimpic batches: Counterfeit ozimpic batches have entered regulated supply chains in the UK, Brazil, and the US, posing health risks for patients due to unmanaged blood glucose levels or undeclared active ingredients. Patients should avoid purchasing medications from unverified sources.
The World Health Organization (WHO) has issued a warning about counterfeit batches of the diabetes medication ozimpic, which have made their way into the regulated supply chain in the UK, Brazil, and the US. These fake versions can lead to health complications due to unmanaged blood glucose levels or the presence of undeclared active ingredients. Patients are advised to avoid purchasing medications from unverified sources, such as online marketplaces. In other news, Goldman Sachs has identified a list of unprofitable growth stocks with a potential path to profitability. The S&P 500, S&P MidCap 400, and S&P SmallCap 600 indexes will undergo rebalancing and triple-witching day on June 24th, with several companies joining each index. Smith & Wesson Brands experienced a 4% decrease in stock price despite exceeding expectations in its fiscal Q4 results, as the company anticipates weaker demand than originally projected. Crude oil and Bitcoin also saw price decreases, while Dow Jones, S&P, and NASDAQ futures, as well as the FTSE 100 and DAX, were down in pre-market trading.
Economic calendar: Important economic reports including composite flash, existing home sales, and leading indicators are scheduled for release today, shedding light on the housing market and broader economy.
Today's economic calendar features important releases, including the composite flash at 9:45 AM and existing home sales and leading indicators both at 10 AM. These reports provide valuable insights into the current state and future direction of the housing market and overall economy. Stay informed about these developments and more by becoming a premium subscriber at SeekingAlpha.com/subscriptions. For comprehensive news, analysis, ratings, and data on stocks and ETFs, join our community of investors. I'm your host, Julie Morgan, wishing you a successful day in the markets!