Crypto bigwigs | Morning Brew
Presentation of World Emoji Day
Good morning. Today, July 17, is World Emoji Day. Wanna know why? Pull up the Calendar emoji and look at the date: It’s July 17. Emojipedia, which introduced World Emoji Day in 2014, decided that July 17 made the most sense for a global celebration of emoji.
In the financial world:
- Nasdaq: 18,509.34 (+0.20%)
- S&P: 5,667.20 (+0.64%)
- Dow: 40,954.48 (+1.85%)
- 10-Year: 4.167% (-6.0 bps)
- Bitcoin: $65,140.60 (+2.66%)
- Gold: $2,472.00 (+1.77%)
*Stock data as of market close, cryptocurrency data as of 4:00pm ET. Here's what these numbers mean.
Biden's Housing Affordability Plan
Yesterday in Nevada, President Biden announced a plan to address low housing affordability by ending tax credits for corporate landlords who raise rent by over 5% a year.
Renters could use the break. Housing costs continue to burden renters in the US, with inflation and the cost of living being major financial concerns.
Housing policy debate:
- Some argue that rent control could reduce the supply of affordable housing.
- Shortage of housing units is contributing to high housing prices.
- The proposal aims to provide temporary relief for renters until more housing units become available.
Zoom out: Biden's housing policy initiative also includes plans for the future.
Med-X and Natural Pesticides
Natural solutions are gaining traction in the market. Med-X's natural pesticides are outperforming chemical alternatives and have led to significant revenue growth.
Investment opportunities:
- Med-X is scaling into 41 global markets.
- Global pesticides market projected to triple in size by the end of the decade.
- Plans for listing on the Nasdaq (ticker MXRX).
Legal and Business Updates
Recent legal and business developments include:
- Senator Bob Menendez found guilty of bribery, fraud, and extortion.
- Amazon's record-breaking Prime Day sales event.
- Record labels suing Verizon for $2.6 billion over piracy issues.
- Silicon Valley donors supporting Donald Trump's crypto initiatives.
Prime Day Deals and Career Trends
Prime Day deals on Boka's nontoxic, fluoride-free toothpaste are available.
Career trends:
- Teens shifting career aspirations from tech to government and healthcare sectors.
- Doubts about the impact of technology and job stability concerns influencing career choices.
