• Dec 17, 2024

Trump Serious About Bitcoin Reserve, Says MicroStrategy's Michael Saylor: 'Buy It Now And Own The Future'

MicroStrategy co-founder and executive chairman Michael Saylor said Monday that the incoming Donald Trump administration was serious about setting up a U.S. strategic Bitcoin (CRYPTO: BTC) reserve. What happened: During a CNBC interview, Saylor stressed the importance of "buying the future" if one knows where the money is going. "All the capital outside the U.S. and all the 20th-century antiquated capital is going to flow into digital assets and the Bitcoin network," the Bitcoin bull said. "The

  • Dec 17, 2024

Developer Of EpiPen Alternative Aquestive Stock Undervalued Despite Strong Clinical Data, Analyst Sees Huge Upside

Cantor initiated coverage on Aquestive Therapeutics, Inc. (NASDAQ:AQST), a pharmaceutical company with five commercialized products. The company also collaborates with pharmaceutical companies to bring new molecules to market using its technologies, like PharmFilm. Aquestive is advancing a late-stage proprietary product candidate for severe allergic reactions, including anaphylaxis, and an earlier-stage epinephrine prodrug topical gel for various dermatology conditions. Cantor highlights that th

  • Dec 17, 2024

International, domestic insurers push into catastrophe-hit US property markets

LONDON (Reuters) -International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out. This has left greater room for non-domestic players like Hiscox and Munich Re to enter the fray, industry sources say. Recent large U.S. hurricanes Helene and Milton have added to concern about property losses.

  • Dec 17, 2024

MicroStrategy's Nasdaq-100 entry attracts nearly $11 million of retail inflows

Retail investors poured nearly $11 million into MicroStrategy's shares on Monday, almost three times their average daily inflows this year, after the biggest corporate holder of bitcoin secured a spot in the Nasdaq-100 index. The data, compiled by Vanda Research on Tuesday, highlights the bitcoin bull's growing popularity among individual investors after its stock notched an eye-popping return of nearly 550%, outpacing Wall Street favorite Nvidia's roughly 160% surge so far in 2024. Promoted as a financial tool free of government intermediaries, bitcoin often earns its corporate champions a devoted following.