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Introducing: Next-Gen Digital Dollars


As you likely know, one of the primary functions of the Federal Reserve is to manage the United States’ monetary supply.

And right now, it’s hard at work creating a next-gen digital dollar.

It’s a new form of digital money that could one day replace the paper money in your wallet.

This new currency is called a central bank digital currency, or CBDC for short.

And whether you like the idea of a completely digital currency replacing your dollars or not, it’s coming soon.

In today’s video, I discuss these CBDCs and highlight their pros and cons.

It’s shocking there are cons, I know. But there are.

(If you’d prefer to read a transcript, click here.)


Steve Fernandez

Research Analyst, Strategic Fortunes

Morning Movers

From open till noon Eastern time.

Turning Point Therapeutics Inc. (Nasdaq: TPTX) designs and develops therapies that target genetic drivers of cancer. The stock jumped an incredible 116% this morning on the news that Turning Point is being acquired by biopharmaceutical giant Bristol Myers Squibb in a deal worth $3.77 billion.

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Quanex Building Products Corp. (NYSE: NX) provides building products and components for the fenestration industry. The stock is up 8% after the company beat expectations for the second quarter and raised its guidance for the year.

Zai Lab Ltd. (Nasdaq: ZLAB) develops and commercializes therapies to treat oncology, autoimmune disorders and infectious diseases. The stock rose 7% after the company released results from a study of tumor treating fields on patients with gastric adenocarcinoma.

Okta Inc. (Nasdaq: OKTA) provides identity solutions for businesses, universities, nonprofits and government agencies. It is up 7% after the company reported strong first-quarter results and raised its revenue outlook.

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