@jianguangchen The eteplirsen comparison is fair but worth remembering that the drug everyone said had weak evidence is now part of a PMO franchise doing nearly $1B annually with real world patients doing better than anyone on standard care. Sometimes the FDA's "valid reasons" age poorly.
@commonsenseplay Adding here after a profitable quarter, strong PMO revenue, and growing confidence in the siRNA pipeline feels like expressing confidence that the market is massively underestimating where SRPT could be in a year or two.
BREAKING: Japan’s NIKKEI just crossed 65,000 for the FIRST TIME in history.
Currently trading above 65,250, up +3.1% today and more than +110% in just 14 months.
NIKKEI is the best performing major stock index on earth right now.
What’s driving NIKKEI?
- Japan Core CPI cooled to 1.4%, easing fears of aggressive Bank of Japan rate hikes.
- SoftBank is exploding higher on OpenAI IPO momentum, lifting AI-related stocks across the index.
- Iran peace deal hopes sent oil crashing to $92. Japan imports nearly all its energy, so lower oil prices directly boost corporate profits.
Manipulation in crypto continues.
30 minutes before the US futures opened, Bitcoin and ETH dropped in quick move liquidating $32 million in longs.
Then, as soon as US futures opened, both $BTC and $ETH recovered quickly above the drop level and liquidated 8 million in shorts.
This is a classic low liquidity weekend move to hunt leveraged traders.
Look, if Szarama is coming from the same Prasad circle, this feels less like a real reset at #CBER and more like the same #FDA uncertainty with a new name on the door.
https://t.co/5PphYSsywp
BREAKING: Bitcoin has dropped below $77,000 for the first time since May 1st.
It is now down $1,600 in the last 4 hours, wiping out $33.18 billion from its market cap.
$551.68M worth of longs have been liquidated over the same period.
Overseas investors are piling into US stocks:
Foreign investors now allocate a record 63% of their US financial assets to equities.
This percentage has more than DOUBLED since the 2008 Financial Crisis.
This also surpasses the 2000 Dot-Com Bubble peak by ~10 percentage points.
By comparison, the long-term average allocation is ~40%.
As a result, foreign investors now own a record $21.3 trillion in US stocks and equity funds, surging +170% since 2020.
Foreign investors are doubling down on US markets.
BREAKING: Bitcoin dumped -$1,200 from $81.5k to $80.3k and liquidated $81 million worth of longs.
But then it pumped +$1,800 from $80.3k to $82.1k and liquidated $48 million worth of shorts with no positive news.
All this happened in the last 2.5 hours.
This is a low-liquidity weekend manipulation where market makers suddenly sell/buy huge amounts of $BTC in thin order books to squeeze both leveraged longs and shorts.
Another Prasad-aligned pick at CBER just adds to the concern that the same inconsistent approach to gene therapy oversight could stick around, which isn’t exactly what the space needs right now.
https://t.co/Y8fdnTmYIC