Venturing Into The Metaverse | Data-Driven Billionaire Philanthropist | Green Growth 50

Plus: Trump’s New Social Media Business Is Worth An Estimated $10 Billion

Good morning.

As interest in the metaverse grows, Wall Street giant Morgan Stanley has selected the top stocks to watch. We’re also covering the latest billionaire to sign up to the philanthropic Giving Pledge initiative, and unveil the inaugural Forbes Green Growth 50 list, ranking American firms that have reduced their emissions while growing their profits. Finally, we look into why investors think Donald Trump’s new social media business could be worth much more than everything the former president currently owns. 

In The News Today

New Delhi is shutting down schools and coal plants as it battles dangerous levels of air pollution. 

Treasury Secretary Janet Yellen gave Congress a hard deadline to raise the debt ceiling for the second time this year and stave off a first-ever default.

Top Take-Aways

Lawmakers’ stock trading practices are once again under the spotlight as three members of Congress were late in reporting securities trades, and one bought shares in Exxon Mobil Corporation 12 days after defending oil executives at a hearing on Capitol Hill.

Billionaire Jeff T. Green, founder of The Trade Desk, has joined The Giving Pledge, indicating that he plans to give away more than 90% of his fortune to “data-driven philanthropy” either before or at the time of his death.

The Facebook-fueled interest in the concept of the “metaverse,” a virtual world which could replace today’s internet, offers a massive new opportunity for investors, according to Morgan Stanley.

An Israeli surveillance company recently blacklisted in the U.S. denied knowledge of its customers’ activities after researchers linked its software to cyber attacks on at least 20 websites related to government entities, journalists and dissidents.

New York-based startup H1 has raised a $100 million Series C funding round to keep growing its LinkedIn-like network of global healthcare data that helps biopharma companies find the best doctor to involve in a clinical trial or educate about a new therapy.

The inaugural Forbes Green Growth 50 list combines emissions data from Sustainalytics and financial data from FactSet Research Systems to find 50 U.S. corporations that have reduced their emissions while simultaneously growing profitability.

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