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Podcast: c2stories
Episode: Don't Mess With Texas
Description: Nvidia became the world’s second-most valuable company this week. The chipmaker had a net income of $14.9 billion last quarter and continues to grow from the market’s recent AI-boom. Psychedelic medicine stocks dropped after an FDA advisory panel voted no on MDMA therapy treating PTSD; it appears unlikely that the FDA will approve the treatment. A group backed by BlackRock plans to launch a stock exchange in Texas. The TXSE has raised $120 million and will operate free of NY fees and regulations. The ECB cut interest rates from 4% to 3.75%, but declined to detail its future-rate cutting path. As to w...