FDA Focus & Policy Changes - FDA commissioner highlights efforts to rebuild public trust through radical transparency, emphasizing that the government is not your doctor and advocating for individual consultations with healthcare providers [4] - The agency is taking an evidence-based approach to vaccine recommendations, particularly regarding boosters for young, healthy individuals, citing concerns about myocarditis risks and questioning the need for repeated doses without sufficient clinical trials [6][7] - FDA aims to ensure vaccines are available to those who want them, emphasizing the decision is between individuals and their doctors, separate from insurance coverage policies [9][10] - FDA is committed to determining the safety and effectiveness of submitted applications, moving away from rubber-stamping vaccines without clinical trials, especially for young, healthy individuals [12][13] Streamlining Drug Approval & Innovation - FDA is addressing the root causes of health issues, including environmental exposures and chemicals in food, and is inventorying over 1,000 chemicals banned in Europe but present in the US food supply [17] - The agency is working to remove all nine petroleum-based food dyes from the US food supply by next year and is seeking innovation in baby formula, addressing the lack of updates to the FDA recipe in 30 years [18] - FDA is questioning why it takes ten years for a drug to come to market and is implementing programs to reduce animal testing, replace it with computational modeling and organ-on-a-chip technology, and expedite decision-making processes [19][20] - The agency is piloting a priority pathway to potentially reduce decision times to weeks instead of a year and is exploring the use of AI in the review process [20] - FDA is making drug rejection letters public in real-time to increase transparency and predictability for drug developers and investors [21][39] National Priorities & Post-Market Surveillance - FDA is prioritizing large unmet public health needs, domestic manufacturing, and drug affordability as national priorities, aiming to lower drug prices for Americans [23][24][25] - The agency is establishing a post-market surveillance program using big data to monitor drugs immediately after approval, aiming to detect potential issues earlier and potentially change the threshold for approval, especially for rare diseases [26][27] - FDA is interested in seeing cures for type one diabetes, more effective cancer therapies, a universal flu shot, and treatments for neurodegenerative diseases [29][30] FDA Restructuring & Efficiency - FDA has not laid off scientific reviewers or inspectors but has implemented early retirements and is actively hiring scientific reviewers [31][32] - The agency is consolidating redundant services and addressing the "empire building culture" within its centers to improve efficiency and accountability [33][34] - FDA is consolidating its ten different adverse event reporting systems into one to create a better user interface and database for post-market surveillance of drugs [35][36]

Well, Apple's reportedly planning to announce a new lineup of products in early 2026. Bloomberg says this includes a low-end iPhone 17e, updated iPads, refreshed MacBook Pros, and Airs, and a new external Mac monitor. The news comes as some analysts call for CEO Tim Cook to step down amid concerns over the company's slowing growth and product delays.Joining us now is Craig Moffet, Moffett Nathansson, founder and senior managing director, Dominic Grizzo, Troll Price Global Technology Fund Portfolio Manager. ...

Proposed Social Security Solution - Senators propose diversifying trust fund investments to maintain benefits [1] - A separate fund from the Social Security trust fund would be created with $1.5 trillion over 10 years, invested in the US economy [3] - The return on investment would offset any unfunded liability in the Social Security trust fund [3] Funding Mechanism - The US would borrow $300 billion per year for 5 years to fund the separate trust fund [4] - Borrowing is offset by the escrow account, not contributing to national debt [4] Risk Mitigation & Safeguards - The fund would be held in escrow for 65 to 75 years [3] - Even during a 10-year secular bear market, the plan is projected to work due to the long investment horizon [6] - The plan has been modeled through the great financial crisis [6] - An independent board, patterned after the thrift savings plan, would manage investments with strict guard rails [8] - Congress would be mandated to raise taxes if any action decreases the return on investment [10] Current Social Security Status - The Social Security trust fund is projected to become insolvent in 8 years, potentially leading to a 25% benefit cut [5] - Current trust fund investments are in treasuries, some bearing 1-4% [2]

We're also tracking ETF flows that are now over 597 billion dollars year to date. We're also tracking the moves below and above the 30-day moving averages for the popular index funds, the SPY and the triple Q's. You see a lot of movement below those averages this week.Investors, they were looking for opportunities outside the US and the ETF market. The EMG emerging markets ETF seeing the top inflows this week. The VA that tracks large midcap companies in Canada, Europe, and the Pacific in the top five.The I ...

What do you make of this reaction in the markets right now. At least in the futures right now. So maybe it's kind of like a jinx situation, but just yesterday the president mentioned that the market seems to be adjusting to the tariffs pretty well.We were hitting new highs this morning. A big reaction. Yeah, I I would say the market's somewhat confused here.So the tariff headlines been brushed off as you mentioned, but the Canada tariff is pretty significant, one of our major trading partners. So, uh, this ...

Public Trust & Vaccine Sentiment - The COVID-19 pandemic led to a significant decline in public trust in doctors and hospitals, dropping from 71% to 40%, a 31 percentage point decrease [4] - Vaccine mandates for young, healthy individuals may have contributed to a rise in anti-vaccine sentiment and a loss of public trust [4] - Ignoring natural immunity was a factor in the loss of public trust [5] - The industry is trying to rebuild public trust through radical transparency and emphasizing the importance of individual doctor-patient relationships [6] Vaccine Recommendations & Policy - Concerns exist regarding the composition of the vaccine advisory committee at the CDC [7] - The previous committee's push for COVID-19 boosters in young, healthy people may have led to a backlash [8] - There was limited evidence supporting repeat boosters in young, healthy children, and a myocarditis risk was downplayed in young males [8] - An evidence-based, risk-stratified approach to vaccine recommendations is advocated, considering high-risk versus low-risk individuals [10] - The FDA's role is to determine the safety and effectiveness of submitted applications [14] - Concerns were raised about a policy of rubber-stamping COVID-19 vaccines for young, healthy individuals without clinical trials [15]

Superman soaring into theaters this weekend, kicking off Warner Brothers new revamped uh DC universe. Joining us now, Matt Belly, a Puck founding partner. I don't know what it is.I I guess whatever business you're in, you we think is so interesting. I had so many things I was excited to talk to you about, but it's it's all in media, Matt, like your world. And then I'm thinking, are people at home can't wait for Matt Belly.I think so. It's, you know, right. It's been a while. It's been a few months since I'v ...

AI Adoption in Finance - Goldman Sachs is testing an autonomous software engineer AI program named Devon, aiming to integrate it with its 12,000 human developers [1] - Wall Street firms like JP Morgan, Goldman Sachs, and Morgan Stanley have implemented OpenAI-based models to familiarize employees with AI technology, functioning as a "ChatGPT for Wall Street" [4] - Agentic AI, exemplified by Devon, can independently plan, code, test, and debug software, representing a significant advancement beyond simple AI assistance [5][6] Cognition Startup - Cognition, an AI startup specializing in Agentic AI, has achieved a valuation of $4 billion within 18 months [8] - Cognition's reasoning model will be combined with Goldman Sachs' proprietary data to enhance the AI's capabilities [9] Data and Training - Banks are leveraging OpenAI's large language models (LLMs) within secure containers, feeding them proprietary data to enhance efficiency [7]

Market Outlook - S&P 500 could reach 6,500, influenced by potential tariff impacts on GDP and earnings [2][4] - Tariff impacts could lead to a 1% GDP hit resulting in approximately a 4% earnings reduction [2] - Market's positive reaction to Delta's improved forecast indicates continued economic growth and consumer spending [5][6] Earnings Season Expectations - Earnings season is pivotal for assessing consumer and business spending, providing real-time data [8] - Financial sector and banking sector are expected to benefit, despite challenging year-over-year comparisons [10] - Regional banks are favored over larger banks due to price-to-book ratios and potential deregulation benefits [10] Investment Strategy - Robin Hood strategies have shifted towards GARP (Growth at a Reasonable Price), including tech, aerospace and defense, and midcaps [13] - Midcaps are considered undervalued, with long-term average price-to-earnings ratios at 19 times, currently at 16 times [13] - Potential rate cuts by the Federal Reserve could drive the S&P 500 to 6,500, but concerns remain regarding the labor market [11][15]

President Trump is slapping a 50% tariff on copper imports. The announcement this week puts the metal sector back in the spotlight. Joining us now is Craig Hutcherson, TD Cow, and base metals equity research analyst's coverage focuses on Canadian miner miners.And Canada is one of the top copper exporters to the US. Craig has highlighted a few names that could benefit from these section 232 tariffs, including Capstone Copper, Hud Bay Minerals, and Taco Mines. Uh, great to have you with us, Craig.And I'm wond ...