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Signs of a potential turning point are emerging in the West, as leaders like Elon Musk and Vivek Ramaswamy propose significant government spending cuts, and Argentina's Javier Milei implements a successful deregulation agenda. The collapse of Germany's eco-socialist government and Liechtenstein's media reforms suggest a shift away from overregulation and state intervention. Increasingly, people are recognizing the need to abandon the failed policies of the past in favor of individual freedom and economic prosperity.
Olivier Kessler argues that the West may be experiencing a turning point, as increasing discontent with state overreach and interventionism emerges. He highlights Argentina's recent shift under Javier Milei, who advocates for deregulation and reduced government, as a potential model for Western nations seeking to reclaim individual freedoms and economic prosperity.
United States Dollar Argentine Peso Apple Inc. Liberal Institute ARG USA DEU LIE Francesco Campanella Bannwart Stefan Daniel Roarty Andreas Ita Andrew Isbester Katharine Neiss Marc Lussy Vivien Jain Guy De Blonay Colin Vidal Elon Musk Mike Judith Mark Denham Marc Reinhardt Brad Slingerlend Maryann Umoren Selfe Teodoro Cocca Patrick Stauber Christine Houston Beat Weiss Ashley Semmens Eric Sarasin Serge Fehr Marionna Wegenstein Harald Preissler Marc Taverner Christopher Gannatti George Muzinich Francesco Magistra Brice Prunas Roman Reigns Judith Wallenstein Leon Curti Charles-henry Monchau Nick Platjouw Ludwig von Mises Nicolas Ramelet Dina Ting Rolando Grandi Karin M. Klossek Bernardo Brunschwiler Fabrizio Pagani Gary D. Burnison Murray Rothbard Shaniel Ramjee Marco Huwiler Gianluca Gerosa Robert Almeida Maria Vassalou Frédéric R Leroux Bruno Cavalier Philip Adler Georg von Wyß Philipp Kaupke Daniel Goleman Javier Milei Dieter Wermuth Ralf Zellweger Jan Boudewijns Martin Velten Brigitte Kaps Roman Gaus Anna Rosenberg Ha Duong Lars Jaeger Andreas Herrmann Frances Weir Nannette Hechler-Fayd'herbe Pascal Mischler Remo Badertscher Grégoire Bordier Dominique Gerster Claudia Kraaz Jared Cook Bertrand Binggeli Thomas Höhne-Sparborth Razan Nasser Luis Maldonado Adriano Lucatelli Alexis Marinof Nicolas Faller Camille Vial Nicolas Forest Thomas Holderegger Manuel Robles Claude Baumann Jan Brzezek Val Olson Serge Becker Mariolina Esposito Sean Hagerty Massimo Pedrazzini Nicolas Moussette Daniel Kobler Lukas Zihlmann Mihkel Vitsur Beat Wittmann Reto Jauch Taimur Hyat Sherif Mamdouh Ralph Ebert Axel Brosey Thomas Signer Alannah Beer Nico Fiore Jian Shi Cortesi Henk Grootveld Vivek Ramaswamy Louise Curran Charlie Munger Christian Kälin Darren Williams Andreas Britt Alina Donets Florin Baeriswyl Konrad Hummler Shanna Strauss Benjamin Melman Adrian Cox Philipp Cottier Olivier Kessler Fernando Fernández Jan Beckers Show more
Roman Storm, co-founder of Tornado Cash, has filed a motion to dismiss criminal charges against him, citing a recent Fifth Circuit Court ruling that deemed sanctions on the platform's smart contracts unlawful. His defense argues that he had no control over these autonomous contracts, which undermines the government's case related to the International Emergency Economic Powers Act. Storm's legal team contends that the nature of the smart contracts absolves him of liability for money laundering and unlicensed money transmission charges, asserting that the government's interpretation of the law violates due process.
CRISPR Therapeutics insiders have sold 50,382 shares worth $2.74 million in the last 90 days, with insiders owning 4.10% of the company. Institutional investors hold 69.20% of the stock, while analysts maintain a "Hold" rating, with a consensus target price of $77.93. The company's recent earnings report showed a loss of $1.01 per share, exceeding expectations, but revenue fell short at $0.60 million.
Bitcoin's price plummeted to $92,000, triggering $1.4 billion in liquidations, with altcoins like Ethereum and XRP suffering even greater losses. Spot Bitcoin ETFs experienced record outflows of $672 million, coinciding with a broader market downturn following comments from the Federal Reserve chair about interest rates. Despite the turmoil, some traders remain optimistic about future gains, citing potential support from a pro-crypto administration.
Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.
UBS has maintained a neutral recommendation for Novo Nordisk A/S, a company focused on the design, manufacture, and marketing of pharmaceutical products. The majority of its sales come from diabetes and obesity treatments (92.6%), with the remainder from rare disease treatments (7.4%). Geographically, sales are distributed as follows: Europe-Middle East-Africa (21.9%), United States (54.9%), North America (3.9%), China (7.2%), and others (12.1%).
AppLovin stock remains a market leader despite a recent 7% drop following comments from Federal Reserve Chairman Jerome Powell. A suggested short iron condor trade involves selling call and put spreads, aiming to profit from time decay while estimating price movements. Traders can maximize profits if the stock stays within defined ranges, with a focus on managing risk and volatility.
Ethereum's price has dropped 10% to $3,540 following a hawkish interest rate announcement from the Federal Reserve, impacting other cryptocurrencies as well. Despite this decline, Ethereum's fundamentals remain strong, with significant institutional interest and over $2.46 billion in ETF inflows over 18 days. The staked ETH has surpassed 54.7 million tokens, reflecting long-term investor optimism, while the DeFi ecosystem continues to thrive with a total value locked exceeding $73.7 billion.
Joe Moglia, former CEO of TD Ameritrade, expresses optimism about the market under a potential Trump 2.0 administration, citing prospects for deregulation and tax cuts that could boost stock prices. He also highlights the growing interest in crypto as a new asset class, despite acknowledging potential challenges ahead. Recent market fluctuations, influenced by the Fed's rate cut forecasts, have been driven by major tech stocks, with significant gains seen in companies like Amazon and Nvidia.

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