Morgan Stanley’s Palantir Warning | Visa Connects To Ethereum | Marijuana Milestone

Plus: Trump’s Deutsche Bank Loans Appear To Be In Trouble

Good morning.

Palantir's stunning share price rally has cooled following one banking analyst's warning. We also look at changing legal positions on cannabis at global and U.S. level, and at Elon Musk receiving a prestigious business award.

In The News Today

The U.S. has warned that hackers, most likely sponsored by a government, have been targeting the Covid-19 vaccine “cold chain.”

The number of Covid-19 related deaths reached an all-time high of 3,157 in the U.S. on Wednesday, as the total number of new cases was recorded at 200,000.

Top Take-Aways

A proposal for a new $908 billion stimulus framework that counts Republican senators among its backers received support from Congress Democratic leaders and President-elect Joe Biden, but Senate Majority Leader Mitch McConnell remains opposed to the package.

Health and Human Services Secretary Alex Azar told the Forbes Healthcare Summit that by mid-December, the government could already have 6 million doses of Pfizer and BioNTech’s Covid-19 vaccine, enough for about 3 million people.

Shares of big-data analytics firm Palantir Technologies tanked 12% on Wednesday after a Morgan Stanley analyst warned that the company's performance and outlook don't back up the recent stock surge.

Visa is connecting its global payments network to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain, a further sign that the payments giant sees the technology as a crucial part of the future of money.

Elon Musk received a prestigious business award in Germany, a country with a proud automobile industry tradition facing disruption from his electric vehicles. Musk, the third-richest person in the world, couldn't resist needling his investors with a jibe that Tesla's share price is too high.

Singapore has become the first country to  give regulatory approval to Eat Just Inc’s chicken, which is made from cultured cells. The first product released, nugget-type chicken bites, will launch soon with a single, yet-to-be-named restaurant partner.

As the UN voted to remove marijuana from a list of most dangerous drugs, in the U.S. the House of Representatives is preparing to vote on a landmark bill to legalize marijuana at the federal level, a regulation that, perhaps surprisingly, faces opposition from some cannabis activists.

Today's Must Read

In Case You Missed It

Teenage banking startups are the next hot ticket item for fintech investors who have poured in hundreds of millions of dollars in recent months. The most recent entrant to the sector, San Francisco-based Step has just raised $50 million in a funding round led by Coatue Management which will value the company at $285 million.

Tips You Can Trust

7 Things You Say That Kill Your Credibility

Mini Gifts: What To Get For Your Colleagues And Clients For The 2020 Holiday Season

Across Forbes