Is Bitcoin’s ‘meteoric rise’ far from over? Wall Street analysts suggest that it could reach $225,000 within two years. Mark Palmer, a senior analyst at The Benchmark Company, a New York-based investment bank, has stated that he anticipates Bitcoin to soar to $225,000 by the end of 2026. This implies that the price of Bitcoin could still rise by approximately 133.5% from its current levels.
Southeast Asia’s ‘Little Tencent’ gains collective favor from Wall Street, with market value nearly tripling within the year. Since Singaporean tech giant Sea Ltd., dubbed the ‘Little Tencent’ of Southeast Asia, announced strong financial reports earlier this month, several Wall Street investment banks have recently raised their target prices for Sea, and its stock price has continued to climb.
The Japanese yen continues to rebound, breaking through the important level of 150. Inflation picks up, reinforcing expectations for a rate hike in Japan. The yen has been strengthening recently, reaching a level of 1 USD to 149.53 JPY on Friday, with an increase of up to 1.3%. Earlier Tokyo inflation data exceeded expectations, reinforcing the expectation that the Bank of Japan will soon raise interest rates.
How will European pharmaceutical stocks survive under ‘Trump 2.0’? ‘Americanization’ might be the solution. President-elect Donald Trump and his nominated Health Secretary, Robert F. Kennedy Jr., both embody ‘America First’ nationalism and anti-pharmaceutical sentiments. This combination poses a doubled threat to companies like Novo Nordisk, valued at $480 billion, Roche Group, valued at $230 billion, and other pharmaceutical companies. The best way to mitigate these risks is to address the root of the problem. Analysis suggests that more investment in American manufacturing, or even mergers and acquisitions, might help the future prospects of these companies.
After Tesla shelves factory plans, India reportedly plans to expand electric vehicle incentive policies. According to media reports citing sources, India plans to expand its incentive policies for electric vehicles, allowing car manufacturers to enjoy preferential policies when using existing factories to produce electric vehicles, not limited to companies building new factories.
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