#4 Jeff Bezos to the Moon
Welcome to TheSum #4. Monday has been a nice day for the financial markets. Awesome news on the table for today’s session. Let’s start with our HeatMap and our market recap.
Meme stocks rallied again yesterday. AMC, BlackBerry, and GameStop up +10%. TSLA did another +1% and also the competitor NIO did well with a +4.15%. MRNA continues its growth, scoring a +19.50% in the past 5 days. Twitter green again after announcing Twitter Blue, with a +1.07%.
Jeff Bezos will go to space next month when his company, Blue Origin, launches its first passenger-carrying mission. Source: Bloomberg
Biogen shares surge 40% after FDA approves Alzheimer’s drug, the first new therapy for the disease in nearly two decades. Source CNBC
Elon Musk says Tesla officially canceled the Model S Plaid Plus. Also Tesla executive and top Musk lieutenant, Jerome Guillen, has left the company. Source: CNBC & Bloomberg
SEC Chairman calls for new restrictions on executive stock-trading plans. Speaking at The Wall Street Journal’s CFO Network event, Gary Gensler says he wants to revise the rules to reduce the risk of improper insider trading. Source: The Wall Street Journal
