Meatless alternatives are on the rise — but so is global meat consumption
* Stories are summarized by an A.I.
* Stocks or companies mentioned: BYND, DIS, GWPH, S, NVDA, GOOG, FB, AAPL, HPE, and Litecoin Foundation
Meatless alternatives are on the rise — but so is global meat consumption
BYND (Beyond Meat Inc) | CNBC
When it comes to the burgers or steaks on your plate, looks and tastes can be deceiving as "meatless meat" and "plant-based meat" gain traction. Sales of meat alternative grew 30% in 2018 compared to the previous year, according to Nielsen Product Insider. While the alternative meat market could grow to be worth $140 billion globally in the next ten years, according to Barclays, it's still a small percentage of the current $1.4 trillion global meat market which is also showing no signs of slowing down. Yet, some critics argue there is no conclusive evidence that alternatives have better nutritional value than real meat.
Disney’s upcoming streaming service is even hotter than expected
DIS (The Walt Disney Company) | Yahoo Finance
Analysts at UBS found that interest in Disney+, the iconic media company’s [DIS] upcoming subscription streaming service, is even higher than the company expected. “This compares to Disney guidance for 20-30M US subscribers by 2024, or ~20-30% penetration of US broadband households,” the analysts note. “Interest was highest for younger demos as well as higher income households,” the UBS analysts added. “We continue to see Disney+ as well-positioned in the increasingly crowded streaming video market due to the strength of the Disney brand and content assets.”There is a ton of interest for Disney's new streaming service. “Its coming in November, and the price will significantly—severely, I think—undercut Netflix.”The service will cost $6.99 per month — or about half the price of a standard Netflix subscription.
Marijuana Study Finds CBD Can Cause Liver Damage
GWPH (GW Pharmaceuticals Plc) | Forbes
But a new study suggests that CBD may spawn its fair share of health issues. Researchers at the University of Arkansas for Medical Science recently rolled up their sleeves to investigate CBD hepatotoxicity in mice. Shockingly, researchers discovered that the mice given higher doses of CBD showed signs of liver damage within 24 hours. Although one study found that marijuana may actually help prevent liver damage in people with alcoholism, in some cases it worsened the condition. The latest study also finds that CBD has the potential for herbal and drug interactions.
T-Mobile and Sprint are reportedly nearing a deal with Dish to save their merger
S (Sprint Corporation ) | The Verge
Dish is negotiating a deal to buy wireless spectrum and Boost Mobile from T-Mobile and Sprint, as the latter two companies look to finally receive approval for their huge, industry-reshaping merger. According to Bloomberg, Dish has emerged as the company most likely to purchase the assets that T-Mobile and Sprint are currently trying to offload in a bid to assuage the Justice Department’s concerns with the merger. The Justice Department is coming very close to giving the T-Mobile / Sprint deal a thumbs up, per Bloomberg. Adding assets from T-Mobile and Sprint to that stockpile would put Dish in a strong position. The DoJ’s likely approval of the $26.5 billion merger shows that T-Mobile and Sprint have managed quite a turnaround with Makan Delrahim, who oversees the antitrust division.
NVIDIA Teams With AB Volvo on Self-Driving Trucks
NVDA (NVIDIA Corporation) | Yahoo Finance
NVIDIA (NASDAQ: NVDA) announced Tuesday it was partnering with Swedish company AB Volvo (NASDAQOTH: VOLVY) -- the world's second-largest commercial truck manufacturer (also known as the Volvo Group) -- to develop the artificial intelligence (AI) necessary to operate self-driving commercial and industrial trucks. The pact will cover the computing fundamentals necessary to develop fully autonomous self-driving trucks, built on NVIDIA's DRIVE platform. The Volvo Group will use NVIDIA's DRIVE autonomous-driving platform in the training, testing, and deployment of a wide range of self-driving vehicles. There's little doubt that self-driving vehicles will play a big role in future transportation efforts.
Google is finally getting an Android version of iMessage. It's called Chat
GOOG (Alphabet Inc) | CNN Google is bringing its version of iMessage to Android. Starting in the UK and France later this month, people with Android phones will be able to opt into the new texting service, which Google calls Chat. Chat is an easier way to text on Android . Chat also lets people send texts through Wi-Fi, so they can save their cellular data. Like iMessage, users can choose to opt into the service or disable it if they don't want it.
EU vs. Facebook: Libra Bitcoin rival already faces opposition
FB (Facebook Inc.) | BGR
Facebook on Tuesday announced the Bitcoin rival it has been developing for the better part of a year: Libra. From the start, Facebook insisted on how secure Libra would be, and on the fact that a subsidiary called Calibra will be in charge of Libra, and that a Libra Association would oversee the Libra blockchain. But now that Libra is official, it’s already facing opposition out of Europe. Facebook’s desire to handle payments won’t go unnoticed or unscrutinized in the region, and the French finance minister Bruno Le Maire already commented on Libra. “It is out of question” that Libra “become a sovereign currency,” Le Maire said in an interview with Europe 1 radio, per Bloomberg.
S&P 500 Shake-up Will Leave Apple and Some Other Big Tech Stocks With Smaller Roles
AAPL (Apple Inc) | Barron's
Apple —and tech stocks in general—are about to become less important to the S&P 500. Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, shared preliminary data Monday on how the shake-up could turn out. Tech stocks’ representation in the index was 21.228%, down from 21.307% on March 15, based on the June 14 data. Apple spent around $62.9 billion in buybacks in the first nine months of 2018, more than 10% of the $583.4 billion of stock S&P 500 companies bought back in aggregate. Futures and options on both stocks and stock indexes are due to expire, marking a so-called quadruple witching day for markets.
Hewlett Packard Enterprise Wants to Go Big on Subscriptions and Software
HPE (Hewlett Packard Enterprise Comp ) | Fortune
Hoping to offset declines in its core hardware business, Hewlett Packard Enterprise plans a major push into software services over the next three years. The technology company said Tuesday it plans to sell a lot more software by subscription and on-demand for its hardware products, such as servers or networking devices. HPE sells customers its subscription and software services for its hardware products through its GreenLake software line. Although HPE is betting big on software services, Neri explained that its hardware would still play an important role in its overall business. The company has no plans to sell HPE software services that work with competing hardware products from companies like Dell or Lenovo, he explained.
Litecoin Foundation to Release Physical Cryptocurrency Debit Card
Litecoin Foundation | Yahoo Finance
The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card, in a blog post on June 18. Per the post, the companies will jointly roll out a cryptocurrency debit card dubbed “BlockCard” that will purportedly let users spend their cryptocurrency funds both online and in physical store locations around the world. Within the project, Bibox Exchange will act as the custodian of users’ funds and leverage over $200 million worth of cryptocurrency trading volume. The Litecoin Foundation and Bibox Exchange will integrate the card directly into the Bibox Exchange and Litecoin’s official wallet, LoafWallet. Just recently, American crypto exchange Coinbase launched its Visa debit card in six European countries.
* Stocks or companies mentioned: BYND, DIS, GWPH, S, NVDA, GOOG, FB, AAPL, HPE, and Litecoin Foundation
Meatless alternatives are on the rise — but so is global meat consumption
BYND (Beyond Meat Inc) | CNBC
When it comes to the burgers or steaks on your plate, looks and tastes can be deceiving as "meatless meat" and "plant-based meat" gain traction. Sales of meat alternative grew 30% in 2018 compared to the previous year, according to Nielsen Product Insider. While the alternative meat market could grow to be worth $140 billion globally in the next ten years, according to Barclays, it's still a small percentage of the current $1.4 trillion global meat market which is also showing no signs of slowing down. Yet, some critics argue there is no conclusive evidence that alternatives have better nutritional value than real meat.
Disney’s upcoming streaming service is even hotter than expected
DIS (The Walt Disney Company) | Yahoo Finance
Analysts at UBS found that interest in Disney+, the iconic media company’s [DIS] upcoming subscription streaming service, is even higher than the company expected. “This compares to Disney guidance for 20-30M US subscribers by 2024, or ~20-30% penetration of US broadband households,” the analysts note. “Interest was highest for younger demos as well as higher income households,” the UBS analysts added. “We continue to see Disney+ as well-positioned in the increasingly crowded streaming video market due to the strength of the Disney brand and content assets.”There is a ton of interest for Disney's new streaming service. “Its coming in November, and the price will significantly—severely, I think—undercut Netflix.”The service will cost $6.99 per month — or about half the price of a standard Netflix subscription.
Marijuana Study Finds CBD Can Cause Liver Damage
GWPH (GW Pharmaceuticals Plc) | Forbes
But a new study suggests that CBD may spawn its fair share of health issues. Researchers at the University of Arkansas for Medical Science recently rolled up their sleeves to investigate CBD hepatotoxicity in mice. Shockingly, researchers discovered that the mice given higher doses of CBD showed signs of liver damage within 24 hours. Although one study found that marijuana may actually help prevent liver damage in people with alcoholism, in some cases it worsened the condition. The latest study also finds that CBD has the potential for herbal and drug interactions.
T-Mobile and Sprint are reportedly nearing a deal with Dish to save their merger
S (Sprint Corporation ) | The Verge
Dish is negotiating a deal to buy wireless spectrum and Boost Mobile from T-Mobile and Sprint, as the latter two companies look to finally receive approval for their huge, industry-reshaping merger. According to Bloomberg, Dish has emerged as the company most likely to purchase the assets that T-Mobile and Sprint are currently trying to offload in a bid to assuage the Justice Department’s concerns with the merger. The Justice Department is coming very close to giving the T-Mobile / Sprint deal a thumbs up, per Bloomberg. Adding assets from T-Mobile and Sprint to that stockpile would put Dish in a strong position. The DoJ’s likely approval of the $26.5 billion merger shows that T-Mobile and Sprint have managed quite a turnaround with Makan Delrahim, who oversees the antitrust division.
NVIDIA Teams With AB Volvo on Self-Driving Trucks
NVDA (NVIDIA Corporation) | Yahoo Finance
NVIDIA (NASDAQ: NVDA) announced Tuesday it was partnering with Swedish company AB Volvo (NASDAQOTH: VOLVY) -- the world's second-largest commercial truck manufacturer (also known as the Volvo Group) -- to develop the artificial intelligence (AI) necessary to operate self-driving commercial and industrial trucks. The pact will cover the computing fundamentals necessary to develop fully autonomous self-driving trucks, built on NVIDIA's DRIVE platform. The Volvo Group will use NVIDIA's DRIVE autonomous-driving platform in the training, testing, and deployment of a wide range of self-driving vehicles. There's little doubt that self-driving vehicles will play a big role in future transportation efforts.
Google is finally getting an Android version of iMessage. It's called Chat
GOOG (Alphabet Inc) | CNN Google is bringing its version of iMessage to Android. Starting in the UK and France later this month, people with Android phones will be able to opt into the new texting service, which Google calls Chat. Chat is an easier way to text on Android . Chat also lets people send texts through Wi-Fi, so they can save their cellular data. Like iMessage, users can choose to opt into the service or disable it if they don't want it.
EU vs. Facebook: Libra Bitcoin rival already faces opposition
FB (Facebook Inc.) | BGR
Facebook on Tuesday announced the Bitcoin rival it has been developing for the better part of a year: Libra. From the start, Facebook insisted on how secure Libra would be, and on the fact that a subsidiary called Calibra will be in charge of Libra, and that a Libra Association would oversee the Libra blockchain. But now that Libra is official, it’s already facing opposition out of Europe. Facebook’s desire to handle payments won’t go unnoticed or unscrutinized in the region, and the French finance minister Bruno Le Maire already commented on Libra. “It is out of question” that Libra “become a sovereign currency,” Le Maire said in an interview with Europe 1 radio, per Bloomberg.
S&P 500 Shake-up Will Leave Apple and Some Other Big Tech Stocks With Smaller Roles
AAPL (Apple Inc) | Barron's
Apple —and tech stocks in general—are about to become less important to the S&P 500. Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, shared preliminary data Monday on how the shake-up could turn out. Tech stocks’ representation in the index was 21.228%, down from 21.307% on March 15, based on the June 14 data. Apple spent around $62.9 billion in buybacks in the first nine months of 2018, more than 10% of the $583.4 billion of stock S&P 500 companies bought back in aggregate. Futures and options on both stocks and stock indexes are due to expire, marking a so-called quadruple witching day for markets.
Hewlett Packard Enterprise Wants to Go Big on Subscriptions and Software
HPE (Hewlett Packard Enterprise Comp ) | Fortune
Hoping to offset declines in its core hardware business, Hewlett Packard Enterprise plans a major push into software services over the next three years. The technology company said Tuesday it plans to sell a lot more software by subscription and on-demand for its hardware products, such as servers or networking devices. HPE sells customers its subscription and software services for its hardware products through its GreenLake software line. Although HPE is betting big on software services, Neri explained that its hardware would still play an important role in its overall business. The company has no plans to sell HPE software services that work with competing hardware products from companies like Dell or Lenovo, he explained.
Litecoin Foundation to Release Physical Cryptocurrency Debit Card
Litecoin Foundation | Yahoo Finance
The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card, in a blog post on June 18. Per the post, the companies will jointly roll out a cryptocurrency debit card dubbed “BlockCard” that will purportedly let users spend their cryptocurrency funds both online and in physical store locations around the world. Within the project, Bibox Exchange will act as the custodian of users’ funds and leverage over $200 million worth of cryptocurrency trading volume. The Litecoin Foundation and Bibox Exchange will integrate the card directly into the Bibox Exchange and Litecoin’s official wallet, LoafWallet. Just recently, American crypto exchange Coinbase launched its Visa debit card in six European countries.
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