TLDR 

MARKET RECAP → The S&P 500 (VOO) edged higher on Tuesday as investors weighed Federal Reserve Chairman Jerome Powell’s cautious remarks on interest rates. Uncertainty lingered over the economic outlook, with ongoing concerns about U.S. tariffs and the potential for an escalating global trade war.

MUSK'S $97.4 BILLION BID FOR OPENAI REJECTED → 💼 Elon Musk's consortium offers $97.4 billion to acquire OpenAI's controlling nonprofit, aiming to restore its original mission; CEO Sam Altman dismisses the bid, viewing it as a competitive hindrance.

HIMS & HERS FACES BACKLASH OVER SUPER BOWL AD → 📺 Hims & Hers (HIMS) aired a Super Bowl ad promoting compounded weight loss injections, drawing criticism from lawmakers for omitting safety disclosures.

Was this email forwarded to you? Sign up for free here.

On the move? Subscribe to our daily podcast here.

MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

REFERRAL PROGRAM

TODAY’S TOP NEWS

Musk's $97.4 Billion Bid for OpenAI Rejected

Unsolicited Takeover Attempt: 💼 Elon Musk, leading a consortium including his AI firm xAI and various venture capitalists, has made an unsolicited $97.4 billion offer to acquire the nonprofit controlling OpenAI. Musk aims to revert OpenAI to its original open-source, safety-focused mission.

Altman's Dismissal: 🛑 OpenAI CEO Sam Altman promptly rejected the bid, suggesting humorously that they would consider purchasing Musk's social media platform X for $9.74 billion instead. Altman perceives Musk's move as an attempt to hinder a competitor, given Musk's own AI ventures.

Escalating Tensions: ⚖️ This development intensifies the ongoing conflict between Musk and Altman, who co-founded OpenAI in 2015. Musk departed in 2018 due to strategic disagreements and has since criticized OpenAI's shift towards a for-profit model, even pursuing legal action to prevent this transition.

TODAY’S TOP NEWS

Hims & Hers Faces Backlash Over Super Bowl Ad

Controversial Advertisement: 📺 During the Super Bowl, telehealth company Hims & Hers aired a provocative commercial titled "Sick of the System," criticizing the U.S. healthcare system for prioritizing profits over patient well-being, particularly in the context of obesity treatment. The ad promoted the company's compounded semaglutide injections as affordable, doctor-trusted weight loss solutions.

Lawmakers' Concerns: 🏛️ Senators Richard Durbin and Roger Marshall expressed concerns that the advertisement misled patients by promoting weight loss medications without disclosing potential side effects or safety information. They highlighted that the ad lacked the standard risk disclosures typically required in pharmaceutical advertising.

Company's Response: 🏢 In response to the criticism, a representative from Hims & Hers emphasized the company's commitment to safety, quality, and transparency. They noted that customers receive Certificates of Analysis detailing the exact ingredients in their medications and that personalized treatments help customers manage side effects and adhere to treatment plans more effectively.

BULL VS. BEAR

NOTABLE POSTS

riskreversalmedia

View more on Instagram

KEEP READING

Solana DEX Volume Tops $60M as It Looks to Extend 4-Month Winning Streak Over Ethereum (CoinDesk)

Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further (CNBC)

The End of Crypto’s ‘Choke Point’ (WSJ - Paywall)

These ‘trade war heroes’ can thrive as tariffs look set to rise, says Evercore ISI (CNBC)

Google Calendar no longer includes start of Black History Month, Pride Month (CNBC)

Ukraine ‘may be Russian someday,’ Trump says, as the U.S. ups the pressure on Kyiv and allies (CNBC)

MoneyLion has teamed up with Beast Games to give MoneyLion users a chance at game-changing cash (ML)

Ready to Take 2025 by Storm? (ML)

How to Financially Prosper this Chinese New Year: Year of the Wood Snake (ML)

Subscribe to our daily podcast

A MESSAGE FROM OUR PARTNER

WHAT WE’RE WATCHING

OUR FAVORITE TOOLS & RESOURCES

• RiskReversal Media — Expert-led content redefining financial media

• Unusual Whales — Companion for uncovering unusual market activity

• OpenBB — AI-powered research and analytics workspace

• Earnings Hub — Earnings calendar

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

WE WANT YOUR FEEDBACK

^{_{The Bull vs. Bear Merchandise Promotion is a limited time campaign that begins on December 1, 2023 at 12:00 AM ET and ends on the date that there are no more Rewards. This Promotion is available to any registered MoneyLion user who is a legal resident of the 50 United States or the District of Columbia and who has reached the age of majority in their state as of the beginning of the Promotional Period. See terms and conditions here.}}

<sup><sub>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sub></sup>