The Rundown Apple Hit with Rare Sell Rating, J&J's Ketamine-Derived Nasal Spray Gets FDA Approved for Depression
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Jan 21, 2025 The weekend saw wild market movements with meme coins catching attention due to political ties, and the S&P 500 facing volatility. TikTok's strategic shifts under new leadership are creating buzz, alongside anticipations for earnings reports. On the healthcare front, Johnson & Johnson's nasal spray for severe depression received FDA approval, marking a significant breakthrough. The podcast dives into how these events are shaping the stock landscape, particularly during turbulent times.
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Meme Coin Mania
- Trump and Melania launched meme coins over the weekend, causing significant market fluctuations.
- Trump's coin surged initially but then dropped 50% after Melania launched hers.
Trump's Impact on Markets
- Trump's inauguration and executive orders are impacting markets, particularly his tariff considerations on Mexico and Canada.
- The next 10 days will be volatile due to these actions and upcoming earnings reports.
TikTok Ban Pause and Meta's Strategy
- TikTok's ban was paused by Trump, giving ByteDance 75 days to negotiate a deal.
- Meta is capitalizing on this by offering cash bonuses to TikTok creators to switch to Instagram Reels.