$AAPL To The Moon (Literally) ๐Ÿš€

Appleโ€™s latest schtick to get everyone to buy new iPhones? Satellites. ๐Ÿ›ฐ๏ธ ๐Ÿš€

The company is reportedly integrating two new iPhone features which utilize satellite service. iPhone users could be able to call or text even without network service… remember satellite phones? iPhones might be bringing their best features back.

Why is this useful? Well, if you hypothetically got stuck on a deserted island, you would be able to call and/or text for help. The technology is intended for emergency circumstances, but it probably wonโ€™t be ready until at least next year.ย 

Apple is developing an Emergency Message via Satellite service integrated into the Messages app and a tool to report emergencies, like plane crashes or sunken ships. The texting-via-satellite technology will be called Stewie (kind of like Siri?).ย 

Apple is still debating whether or not the company should launch its own satellites. In the meantime, it is rumored that Apple will use satellite technology owned by Globalstar Inc.ย 

$GSAT gained 64% yesterday, but closed down 15% today after analysts took a closer look Apple’s plans. Some claim that the satellite functionality might not make this generation of phones, but we’ll have to see. $AAPL is up 0.02% after hours.ย 

Nio & Nikola’s Never-Ending Story

No matter the day, there seems to be an endless stream of electric vehicle (EV) industry news. Let’s get into today’s headlines. ๐Ÿ“ฐ

First up is China’s Nio, which just received an additional $2.2 billion investment from Abu Dhabi’s CYVN Holdings, which raised its stake to 20.1%. The fund had last invested in Nio during July, with a $1 billion investment.ย 

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Pfizer’s Flop Continues

It’s been a rough ride for pharmaceutical giant Pfizer since the end of the pandemic, and that rollercoaster ride continues today. ๐ŸŽข

The company last announced earnings in October but needed to update Wall Street on its 2024 forecast. It cited weak demand for its Covid products as the reason for a weaker-than-anticipated revenue and earnings forecast.

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DWAC Bounces Back (Again)

We mentioned last week that investors were preparing for a politically driven 2024, and boy, that accelerated quickly. ๐Ÿ˜œ

Trump-linked stocks Digital World Acquisition Corp, Phunware, and Rumble jumped sharply today after Ron DeSantis canceled his presidential run.

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Investors Are Losing Trust

It’s been a rough eighteen months or so for real estate investment trusts (REITs), with higher interest rates giving investors alternative sources of yield and pressuring commercial real estate’s asset values. Unfortunately for Medical Properties Trust (MPT), that pain continuesย today, with its shares falling back to their Great-Financial-Crisis lows. ๐Ÿ˜ฌ

The medical-related real estate property operator revealed to investors that one of its tenants, Steward Health Care System, is roughly $50 million behind in rent payments. As a result, MPT will take a $225 million noncash charge to write off rent receivables and other items.ย 

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