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USA Cricket Making Waves🇺🇸🦅
Left is re-shorting GME despite getting crushed in 2020, insurers are looking to add private credit exposure, Short bets against Nvidia stand at $34B, FDA reversed its ban on Juul e-cigs, and USA pulled off the greatest cricket world cup upset ever.
Berkshire Behaving Like GameStop
Bill Ackman's hedge fund is raising a $25B vehicle expected to attract retail investor interest, a technical glitch caused some stocks to show 99% losses, ‘Roaring Kitty’ re-re-ignited the GameStop rally, and US students face recruitment challenges after college campus protests.
Not Your Typical IPO Market Recovery
Bill Ackman plans to IPO his hedge fund, a Tesla shareholder sued Musk for insider trading, investors can't get enough of corporate bonds, TikTok is going all in on US e-commerce, and more asset managers are turning to AI for investment decisions.