A Ray of Sunshine

Sponsored By April 6, 2022 Good morning traders, Welcome back to The Daily Setup. Markets were down yesterday thanks to comments by Fed Governor Lael Brainard. Here’s what’s on the docket today: - Sunshine Biopharma has a cancer breakthrough - The West ratchets up more sanctions on Russia - Spirit Airlines could somehow get sh*ttier Nick How'd the markets look? Market Outlook A Ray of Sunshine Biggest Mover [Activision Blizzard, Inc. ]( In what is normally a pretty depressing news cycle that we are all inundated with on a daily basis, I’m here to bring you some good news… a ray of, err, sunshine, if you will. Shares of Sunshine Biopharma Inc (ticker: SBFM) rocketed higher by [148.2%]( during Tuesday’s trading session following positive results from its mRNA cancer drugs. This is the same technology used in creating the effective covid vaccines offered by Pfizer/BioNTech and Moderna. - The [company announced]( that “two of its newly designed mRNA molecules are effective at destroying cancer cells grown in culture.” The tests were performed on breast, ovarian adenocarcinoma, and pancreatic cancer cells that have previously been shown to be multi-drug resistant. - [Cytotoxicity]( results “showed that these mRNA molecules had little or no cytotoxic effects.” In layman’s terms, the drugs did not damage human cells. - The company is gearing up for a patent application based on these results, and Sunshine Biopharma executive [Dr. Steve Slilaty said](, “The potential use of mRNA to treat cancer opens the door to many possibilities for patients including convenience, reduced toxicity and enhanced efficacy.” $SBFM is no stranger to monster moves in both directions. On [February 8th](, shares of SBFM rallied 176.6% on news of a 200:1 reverse stock split. The stock then proceeded to drop 76% on [February 15th]( in response to its uplisting to the NASDAQ. During that week, SBFM put in a range from $0.04-$12.09. In other words, this is a volatile stock in a volatile industry. Tuesday’s close put the stock in the middle of the previously mentioned range. I’ll keep SBFM on my watchlist as it will probably take another announcement like Tuesday’s to continue the move higher. Soviet Stories Street Stories [Cycling Downhill] Look, if you’ve never seen the [1984 classic movie Red Dawn]( then we can’t be friends. And if you actually enjoyed the 2012 version, featuring Josh Peck, then I just don’t want to be friends. So with that in mind, let's dive into some news on the Russian front. With allegations of [war crimes by the Russian]( military on Ukrainian civilians, the U.S. and EU have added new sanctions in the hopes of further isolating Russia from the world economy. - Despite freezing Russian assets held in U.S. financial institutions following Russia’s invasion of Ukraine in late February, [the U.S.]( had still allowed Russia to use those funds to pay off their sovereign debt. Tuesday, the U.S. announced that the Russian government will no longer have access to those reserves and will have to choose to pay their debts (which the Lanisters always do) or support their war. - The U.S. also imposed sanctions on Russian darknet market Hydra, and on Russian crypto exchange Garantex. The hope is that these sanctions [will help stem]( some of the cryptocurrency criminal activity originating in Russia, 86% of which are from currencies received on Hydra. - The [EU joined in the sanctions party]( by proposing a ban on Russian coal imports worth $4.39B per year, as well as “a full transaction ban on four critical Russian banks, among them VTB; a ban on Russian vessels and Russian-operated vessels from accessing EU ports; and targeted export bans worth 10 billion euros that involve quantum computers and advanced semiconductors.” The war in Ukraine does not look like it will be coming to a resolution any time in the near future. With that said, the markets are going to react to any sensitive news coming out of the region that may affect equity and commodity prices. Keeping my position size small should help keep my risk in check during these volatile times. Sponsored By: The Best in Men's Grooming! 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The company is expected to list on the Nasdaq under the ticker symbol “MANS” in the second quarter of 2022. Try out [MANSCAPED's]( all-in-one men’s grooming kit complete with [The Lawn Mower®]( 4.0 electric trimmer, the [Weed Whacker®]( nose and ear trimmer, anti-chafing groin deodorant, groin toner spray + 2 free gifts. [Get 20% off & free shipping now](. [GET 20% OFF NOW!]( *See Disclaimer Below UK to Become the Crypto Kingdom Token Talk [Token Talk] The idea of a [crypto island]( is nothing new but it appears that the UK wants to be the first to pull it off successfully. The British government has recently detailed their plans to regulate stablecoins and other digital assets for the coming future. This is a surprising turn as leadership in other Western governments have been growing [increasingly cranky]( about crypto’s ability to function outside of traditional financial systems. - The first move by the UK Treasury is to [bring stablecoins within regulation]( as a recognized form of payment. Those coins to be recognized have yet to be officially announced. - They are also unable to escape NFT-Mania (a little late to the party there, mate), disclosing that the Royal Mint will produce [an official NFT]( this summer. - The buck doesn’t stop there though, as the government also plans to legislate a “financial market infrastructure sandbox” to facilitate the development of crypto-adjacent technologies. Think [blockchain being used to issue government bonds]( etc. Historically, the UK has been rather hawkish on cryptocurrency, [rejecting ads promoting Bitcoin]( among other hostile actions. This has made some in the crypto-space skeptical of the plan. However, it’s possible that as the Brits see their compatriots in the US and [EU](clamping down on digital assets, they recognize this as an opening to become a global leader in crypto. Remarkably forward-thinking for the country that brought you [toast sandwiches](. Airlines Assemble Deals and Rumors [Deals and Rumors] There was some good news for everyone’s “favorite” airline Spirit (SAVE) on Tuesday as news broke that JetBlue (JBLU) made a $3.6B all-cash offer for the budget flight-provider. This was particularly unexpected by Frontier Airlines (ULCC) who had just [reached an agreement to merge with Spirit]( in February. Spirit is still evaluating JetBlue’s offering but regardless of what happens it’ll be like the Avengers of sh*tty airlines. - Jetblue is offering a bid for $33/share of Spirit. This would be a premium of [~40%]( on Frontier’s offer of $23/share in their proposed cash and shares deal. - Shares in Spirit and Frontier got a welcome boost of +22.42% and +3.92% respectively. Meanwhile JetBlue dropped by -10.43%. The surprising nature of this proposal certainly makes for good headlines but it’s unclear if Spirit will bite. That all-cash offer is certainly tempting, especially as their merger with Frontier draws ire from commentators who criticize the deal’s potential to consolidate the low-cost segment of the industry. Of course JetBlue is no saint either, recently [sued by the Justice dept]( over their proposed partnership with American Airlines. With that in mind, it might still be worth keeping my eye on Spirit as they’re clearly popular with suitors right now. Link Roundup Other News + ame the cold - U.S. Trade Deficit gets slightly smaller in February ([link]() + How About We Continue Improving High Speed Internet on Earth - Amazon Lays Out Plans for Internet Space Network ([link]() + Elon Taking Passive-Aggressive to a Whole New Level - Elon Musk Gets a Seat on the Board of Twitter ([link]() + Affordable is a Relative Term - GM & Honda To Develop Affordable EVs ([link]() + Brainard Hints at Major Shrinkage - Fed to Shrink Balance Sheet Rapidly ([link]() Meme of the day Another Musk meme, [via @levie]( [other news] 62 Calef Hwy #233 Lee, New Hampshire 03861 United States Questions or concerns about our products? Email our team here support@thedailysetup.com © Copyright 2022, [RagingBull]( - [Refund Policy]( - [Privacy Policy]( - [Terms & Conditions]( SPONSORED AD PLACEMENT: This email contains an advertisement by a party that is unaffiliated with Raging Bull. 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