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GROWING problems with illegal tenants (okupas) in Spain + A List of Companies to turn to

NordenBladet – Planning to buy property in Spain? Is it really such a good idea or investment? Interest among Scandinavians in Spanish real estate decreases year by year, as property owners are increasingly forced to turn to private companies to evict both defaulting tenants and illegal occupants — known locally as okupas. In some countries, such as France, the use of private firms to persuade squatters to leave a property is prohibited.

Most illegal occupants are Spanish families or foreigners struggling to make ends meet and with nowhere else to go. But is a person who has legally purchased property always wealthy enough to be “taken advantage of” in this way? Not necessarily — there are many for whom the property in question is not a second home used only in winter. The issue also arises for permanent residents when the owner simply wishes to travel and leave the home temporarily.

FRANCE 24 journalists Maude Petit-Jové and Sarah Morris provide an overview in the video below of the methods private companies employ to assist property owners:

NordenBladet investigated: how exactly do these private companies protect property owners?

In Spain, private companies offer services to property owners aimed at removing unwanted tenants or okupas (people living illegally in a property). This phenomenon is closely tied to Spain’s deepening housing crisis.

The most well-known player in the market is Desokupa, founded by former skinhead Daniel (Dani) Esteve. The company is highly controversial in Spain: popular among property owners, yet strongly criticized by human rights organizations and left-wing political parties.

The companies justify their actions by saying: “If the state does not protect the owner quickly enough, then we will.”

Their activities typically include:

Negotiations and pressure tactics – companies send staff to the property to persuade tenants or squatters to leave voluntarily. In some cases, they even offer financial compensation in exchange for vacating the premises.

Intimidating presence – some firms, such as the notorious Desokupa, are known for their forceful and menacing methods. They often arrive in large groups, with athletic men dressed in black, sometimes accompanied by dogs or a security-like presence. Although they claim not to use physical violence, their mere presence is often intimidating enough to make squatters leave.

Constant presence – some companies send staff to stand guard outside a house or apartment so that the squatters feel uncomfortable and eventually give up living there.

Legal assistance – certain firms help owners initiate legal proceedings or speed up the process, since in Spain official evictions can take months or even years.

Grey area – although physical violence is illegal, critics argue that these methods often border on intimidation.


Does the supposed solution also have a dark side? Spanish investigative journalism suggests that in some cases there may be a double game at play.

While there is currently no confirmed evidence that private companies themselves directly organize occupations (autookupación) in order to create a problem and then sell the solution, Spanish media and politicians have repeatedly raised suspicions that some eviction firms may operate in this way:

* first, they allegedly allow or arrange for “their own people” to move into the property,

* then they offer the desperate owner a paid service to “remove the squatters.”

Evidence is difficult to confirm, as these practices operate in a grey area and direct cases are hard to prove. Some Spanish journalistic investigations (such as eldiario.es and La Vanguardia) have pointed to situations where the same individuals were linked both to being inside a property as “okupas” and later to “coming to the rescue.” In addition, allegations have been made that some company employees, or people associated with them, have ties to far-right groups known for using forceful or intimidating tactics.

Thus — although not officially confirmed — there is a plausible narrative that in some situations such a scheme could indeed take place: first a problem is artificially created, and then a solution is sold.

One way or another, the situation hardly brings peace of mind to property owners.


In the Spanish context, two different phenomena are distinguished:

  • Okupas – people who move into vacant properties without any rental contract.

  • Defaulting tenants (inquilinos morosos) – tenants who initially had a legal contract but stopped paying rent and refuse to leave.

How often does the situation arise where “one leaves – another immediately moves in”?

There are no precise statistics on how often, after the eviction of a tenant or squatters, a new occupier quickly takes their place. Such cases are not officially recorded.

However, Spanish property portals and legal experts warn that this is a real risk, especially in major cities (Barcelona, Madrid, Valencia), where rental and purchase prices are high.

It happens most often with empty apartments that have no active tenant or owner in residence — for example, when a property is up for sale or tied up in inheritance proceedings. If eviction is delayed, or the property is left unattended even for a few days, new squatters can easily move in.


How do owners try to prevent repeat occupations?

  • Private companies (such as Desokupa) – in addition to evictions, they also offer monitoring services: 24/7 surveillance or alarm systems to prevent re-entry.

  • Property insurance – in Spain, special “anti-okupa” insurance policies are available, covering legal expenses and sometimes even security costs.

  • Physical security measures – immediately after eviction, locks are changed, reinforced doors installed, cameras set up, or a security firm is contracted for temporary on-site presence.

    Desokupa Daniel Esteve
    Photo: Screenshot from Desokupa.com homepage

    Where to seek help? A list of the best-known companies assisting property owners in Spain:

    • Desokupa (desokupa.com) – The most well-known and widely advertised eviction service provider. On its website, the company describes itself as Spain’s leading firm assisting property owners in cases of illegal occupation, offering fast and effective solutions.

    • Desokupa Demolition (desokupademolition.com) – Offers express eviction services in Madrid and across Spain, emphasizing speed and lawyer-assisted solutions.

    • FueraOkupas (“Desokupa Tu Vivienda en 72h”) (fueraokupas.com) – Claims to have carried out over 4,500 express evictions since 2017.

    • Okupas Fuera (Barcelona) (okupasfuera.es) – A team of legal experts providing property owners with fast and confidential solutions in cases of occupation.

    • D.I.O. Express (desocupa24horas.es) – Promises to achieve eviction within 48 hours, offering mediation and legal advice; also operates in Portugal.

    • Desokupa Brothers (desokupabrothers.es) – Media-savvy company guaranteeing a quick and legal solution (24–48 hours), with legal support and patented anti-squatter services.

    • Desokupa Ibérica (desokupaiberica.com) – Operating in Andalusia (Málaga and other cities), promises immediate response (within 1 hour) and eviction within 48 hours, all legally.

    • D&S Desokupa (dsdesokupa.es) – Provides express solutions for occupation cases, offering a guarantee: if the property is not recovered, the client gets their money back.

    • Desokupación Integral (desokupacionintegral.com) – Active mainly in Barcelona and Catalonia, emphasizing a combination of speed, safety, and legality.

    • Desokupas Tigre (desokupastigre.com) – Promises to use the most effective methods to ensure owners regain their property.

    • Desokupa Expres S.L. (desokupaexpres.com) – Focuses on express evictions, particularly in cases of repeat occupations.

    • Desokupacionlegal.com (desokupacionlegal.com) – Provides a platform offering not only eviction services but also support services such as property surveillance, cleaning, and more.

    • DesokupaExpres (Murcia) (desokupaexpres.com/murcia/empresa-desalojos-murcia) – A regional branch promising legal and rapid solutions (48–72 hours) for occupation cases.

Will MicroStrategy, Bitcoin’s Biggest Corporate Backer, Join the S&P 500?

Michael Saylor (2022), CC BY 3.0 (via Wikimedia Commons)”

NordenBladetA third crypto-focused company may soon join the prestigious list of the largest publicly traded companies in the United States — the S&P 500 index. If market expectations and speculation hold true, the company formerly known as MicroStrategy — now operating under the name Strategy (Nasdaq: MSTR) — could officially become an S&P 500 constituent as early as this week.

If it happens, Strategy would become the third crypto-centric company — following Brian Armstrong’s Coinbase (Nasdaq: COIN), the largest U.S. crypto exchange, and Jack Dorsey’s Block, Inc. (NYSE: XYZ), a Bitcoin-focused fintech firm — to join the coveted list.


A Third Crypto Company in the Elite Index

If Strategy is added to the S&P 500 index, it would mark a significant milestone for the entire cryptocurrency sector. It would reinforce the growing role of Bitcoin as an asset class within traditional financial markets. To date, only two crypto-related companies have met the stringent criteria for inclusion — which include market capitalization thresholds, share liquidity, U.S. incorporation, and consistent profitability.

According to the official S&P Dow Jones Indices requirements, to qualify for the S&P 500, a company must:

  • Have at least 12 months of trading history on a major U.S. exchange

  • Maintain a market capitalization above $22.7 billion

  • Have at least 50% of shares publicly available

  • Report positive earnings in the most recent quarter and aggregate positive earnings across the last four quarters

  • Sustain a monthly trading volume of at least 250,000 shares

Strategy now appears to meet all of these criteria.


Strong Financials and Accounting Reform

The company reported remarkable results in the second quarter of 2025:

  • $14 billion in operating income

  • $10 billion in net income

  • $32.60 in diluted earnings per share (EPS)

A significant portion of this profit stems from unrealized gains on its Bitcoin holdings. Since adopting fair value accounting standards in January 2025, Strategy has been able to reflect Bitcoin price increases directly in its earnings reports — a major shift from the previously more conservative accounting treatment.


The Largest Corporate Holder of Bitcoin

Strategy is led by Michael Saylor, co-founder and executive chairman, who has become one of the most vocal advocates for institutional Bitcoin adoption. The company currently holds a staggering 632,457 BTC, with a market value exceeding $69 billion — making it the largest publicly traded corporate holder of Bitcoin in the world.


Market Impact and Institutional Capital Inflow

Bitcoin investor and analyst Lark Davis stated on X (formerly Twitter) that Strategy’s inclusion in the S&P 500 could unlock billions in so-called “boomer money”:

“When it happens, billions in boomer money will start pouring into $MSTR and Bitcoin.”

This refers to capital from older generations — including pension funds and index-tracking investment vehicles — that are often bound to mirror the S&P 500’s composition. Once Strategy becomes part of the index, it would automatically attract substantial capital inflows — both into MSTR shares and, indirectly, into Bitcoin itself.


Crypto Assets Are Entering the Financial Mainstream

Strategy’s potential inclusion in the S&P 500 is more than just a symbol of corporate success — it’s a broader signal that crypto assets are steadily merging with traditional capital markets. If confirmed, this development could mark a major turning point in the trajectory of institutional Bitcoin adoption.


Header image: Michael Saylor (2022), CC BY 3.0 (via Wikimedia Commons)

ARK 21Shares Bitcoin ETF to Execute 3-for-1 Share Split on June 16

ARK 21Shares Bitcoin ETF to Execute 3-for-1 Share Split on June 16

NordenBladet – 21Shares US has announced a 3-for-1 share split for its ARK 21Shares Bitcoin ETF (ticker: ARKB), set to take effect at the market open on June 16, 2025. The move is intended to make the fund more accessible to a broader range of investors by lowering the price per share, without altering the fund’s intrinsic value or investment approach.

The share split will not impact the ETF’s net asset value (NAV), ticker symbol, or investment strategy. Shares will continue to trade under the same CUSIP number, ensuring a seamless transition for current and prospective investors.

This strategic decision comes amid surging interest in spot bitcoin ETFs, which were approved by the U.S. Securities and Exchange Commission (SEC) in January 2024 after more than a decade of deliberation. The approval marked a pivotal moment for the digital assets space, signaling increasing regulatory acceptance of cryptocurrencies in traditional finance.

ARKB, which offers direct exposure to bitcoin through regulated markets, has gained nearly 12% year-to-date and approximately 27% in the current quarter. It closed Monday’s trading session at $104.25. By providing institutional and retail investors a way to gain bitcoin exposure without holding the digital asset directly, funds like ARKB have helped boost both confidence and capital inflows into the crypto sector.

The share split comes as bitcoin itself surpasses the $100,000 mark — a psychologically and technically significant milestone for many market watchers. The move to split ARKB shares aligns with common market practices aimed at improving liquidity and attracting retail participation by making shares more affordable.

With this split, each current share of ARKB will be converted into three shares, effectively reducing the price per share while preserving the total value of an investor’s holdings. The ETF remains a compelling entry point for those seeking regulated, simplified exposure to the world’s leading cryptocurrency.

Why choose ARKB?

Easy access: Investors can participate in the bitcoin market without the need to manage crypto wallets or worry about security.

Regulated structure: The fund operates within a regulated market, offering reliability and transparency.

Diversification: Adds an asset class to a portfolio that has a low correlation with traditional assets.

Reduced risk: By avoiding direct ownership of cryptocurrency, investors minimize risks such as wallet loss or hacking.

Featured image: NordenBladet

The TOP 25 countries leading the way in Cryptocurrency Ownership

NordenBladet – Cryptocurrencies have taken the world by storm, with a global market value of $4.67 billion in 2022, projected to reach $11.71 billion by 2030, according to a report by Grand View Research. This surge is driven by the increasing adoption of distributed ledger technology and growing acceptance of digital currencies as a legitimate means of payment.

Asia-Pacific’s Crypto Surge

The Grand View Research report highlights that the Asia-Pacific region is at the forefront of cryptocurrency growth, with China, Japan, and South Korea leading the charge. These nations are witnessing a rapid increase in crypto awareness and investments in blockchain technology.

Navigating Regulatory Challenges

While the crypto industry continues to expand, regulatory hurdles are not uncommon. Australia’s Senate Economics Legislation Committee recently rejected a bill proposing licensing systems for crypto-related services, hindering industry growth in the country. Similarly, the UK’s Financial Conduct Authority is poised to introduce strict rules on crypto marketing to protect citizens from illegal activities.

Unveiling Blockchain with Arkham’s Intelligence

Miguel Morel, a 23-year-old entrepreneur, is on a mission to deanonymize blockchain with his startup, Arkham’s Intelligence. His platform aims to shed light on cryptocurrency transactions by linking users’ blockchain identities to their real-world identities. By encouraging transparency and accountability, Miguel hopes to create a mechanism where users are incentivized to share valuable information with the crypto community.

Corporate Giants Driving Crypto Adoption

Established companies like Coinbase Global Inc., CME Group Inc., and PayPal Holdings, Inc. play a pivotal role in shaping the crypto landscape. Coinbase recently obtained approval to offer cryptocurrency futures trading, while CME Group introduced reference rates for Bitcoin and Ethereum, expanding market access. PayPal launched its own stablecoin, PYUSD, facilitating digital asset transactions.

The Global Impact of Corporate Investment

Large corporations wield considerable influence in driving crypto adoption, leveraging their extensive networks and resources for research and development. These investments enhance industry dynamics and build trust in digital assets. Many companies are also launching mobile applications to make crypto usage more accessible.

25 countries Leading in Cryptocurrency Ownership:

To provide insight into the global cryptocurrency landscape, we’ve compiled a list of the top 25 countries with the highest cryptocurrency ownership rates, based on data from Triple A. The rankings are determined by the percentage of each country’s population that owns cryptocurrencies:

25. Nepal (Crypto Ownership 4.43%)
Nearly 4.8% of Nepal’s population owns crypto.

24. Indonesia (4.55%)
Crypto as a payment method is widely accepted in Indonesia, with 4.55% of the population owning crypto.

23. Colombia (4.81%)
Approximately 4.8% of Colombia’s population, or 2.5 million people, own cryptocurrencies.

22. Morocco (4.90%)
Morocco boasts a cryptocurrency ownership rate of 4.90%.

21. Turkey (5.46%)
Turkey has 5.5% of its population, or nearly 4.6 million people, owning cryptocurrencies.

20. Argentina (5.56%)
Argentina has experienced significant growth in crypto ownership, with 5.6% of its population owning digital assets.

19. Russia (5.87%)
Russia counts nearly 14 million crypto owners, making up 5.87% of its population.

18. France (5.90%)
France has 5.9% of its population, approximately 3.4 million people, owning cryptocurrencies.

17. Philippines (6.13%)
Approximately 6.13% of the population in the Philippines owns cryptocurrencies.

16. United Kingdom (6.2%)
In the UK, 6.2% of the population, nearly 4.2 million people, own crypto, primarily among wealthier individuals.

15. Pakistan (6.40%)
Pakistan ranks among countries with high cryptocurrency ownership at 6.40%.

14. Brazil (6.98%)
Brazil has a substantial crypto community, with almost 16 million people, or 6.98% of the population, owning digital assets.

13. India (7.23%)
India ranks 12th in cryptocurrency ownership, with approximately 97.5 million crypto owners. Regulatory uncertainty persists.

12. Thailand (9.32%)
Thailand boasts a high crypto ownership rate of 9.32%, thanks to favorable laws.

11. South Africa (9.4%)
South Africa has a thriving crypto market, with a large middle-class population investing in digital assets.

10. Venezuela (10.30%)
Venezuela is a major crypto market, with 10% of its population owning digital assets.

9. Nigeria (10.34%)
Africa is witnessing rapid crypto growth, with Nigeria ranking high in ownership at 10.34%.

8. Kenya (10.71%)
Kenya has a substantial crypto community, with 10.71% of its population, almost 6.1 million people, owning digital assets.

7. Singapore (11.05%)
Singapore’s crypto ownership stands at 11.05%, reflecting its status as a global financial hub and crypto hotspot.

6. Iran (13.46%)
Iran has a robust crypto market, with 13.46% of its population owning digital assets.

These countries are at the forefront of the global cryptocurrency revolution, showcasing the growing acceptance and adoption of digital currencies on a worldwide scale. As crypto continues to shape the financial landscape, these nations are setting the pace for others to follow.

5. United States (13.7%)

Cryptocurrencies are highly popular in the United States. The government regulations are supportive and there is an exponential increase in the use of blockchain technology.

4. Ukraine (15.72%)
Amidst the Ukraine-Russia conflict, residents of Ukraine turned to foreign currencies and crypto as a safe haven. This has particularly fueled the use of crypto in Ukraine.

3. Saudi Arabia (17.53%)
Saudi Arabia is one of the largest markets for crypto in the world. Almost 17 % of the total population in Saudi Arabia owns crypto.

2. Vietnam (18.73%)
Vietnam ranks high among the countries with the highest cryptocurrency ownership. The rapid digitization of the economy explains the surge in crypto ownership across the country.

1. United Arab Emirates (27.67%)
The United Arab Emirates holds the largest ownership of crypto. The use of cryptocurrency is legal in the country, and government regulations are also favorable towards blockchain technology. Almost 28% of the total population in the country owns crypto.

Featured image: UAE (Unsplash)

Sweden: The weakened Swedish krona raises the prices of wines in Systembolagets

NordenBladet – On September 1, the prices of wines will be increased further in Systembolagets, with some wines the price increase is up to 43%. This is the third time this year that the prices of several popular wines have increased.

At the New Year, the prices of all wines in Systembolaget were increased, this decision was related to the alcohol tax.

In March, several suppliers decided to raise prices due to rising costs.

And now the time is ripe for a price increase again. From September 1, several popular wines will become more expensive. This increase is mainly due to the weakening of the Swedish krona, which makes it more expensive for suppliers to import wine to Sweden.

Systembolaget, colloquially known as systemet or bolaget , is a government-owned chain of liquor stores in Sweden. It is the only retail store allowed to sell alcoholic beverages that contain more than 3.5% alcohol by volume. Systembolaget acts as a portal for private companies selling alcohol on the Swedish market and as of 2023, it represents 1,200 vendors ranging from small local breweries to large scale importers and multinational companies, selling products from a total of over 5,000 producers from all over the world.

Systembolaget also sells non-alcoholic beverages, although this product segment represents less than half a percent of the company’s total sales of beverages. The minimum age to buy alcohol at Systembolaget is 20 years. At Swedish restaurants and bars the legal age to buy alcoholic beverages is 18 years, though bars and clubs may voluntarily set an age limit higher than 18 if they prefer.

Systembolaget’s stores must close no later than 20:00 on weekdays and 15:00 on Saturdays. On Sundays and public holidays all Systembolaget’s stores are closed. Systembolaget’s stores are also closed on Christmas Eve and Midsummer Eve.

Featured image: Unsplash

Norway: Many banks are experiencing an increase in applications for deferred loan payments

NordenBladet – Many banks in Norway, including Sparebank 1 Nord-Norge, DNB, and Nordea, are experiencing an increase in applications for deferred loan payments, also known as “avdragsfrihet.” This surge in requests is due to concerns about rising loan costs caused by recent interest rate hikes.

Deferred loan payments allow borrowers to pay only the costs associated with having a loan and postpone the repayment of the principal amount. It’s intended as a temporary solution to help borrowers navigate financially challenging periods.

Stein Vidar Loftås, Chief Communications, Community, and Sustainability Officer at Sparebank 1 Nord-Norge, noted an increase in the number of avdragsfrihet applications. He explained that some borrowers who are in generally stable financial situations may need temporary relief when unexpected expenses arise, such as car repairs or appliance replacements.

One individual, Runar, sought avdragsfrihet to manage increased loan costs resulting from recent interest rate hikes. He initially requested this option to have more financial flexibility during a challenging period but found it especially helpful as interest rates continued to rise.

High loan costs have become a concern for many borrowers in Norway due to interest rate hikes. Kjersti Haugland, Chief Economist at DNB, explained that avdragsfrihet is one way for borrowers to shield themselves from the impact of higher interest rates. However, she emphasized that borrowers can also consider refinancing their loans or extending their loan terms as options to mitigate the effects of rising rates.

While avdragsfrihet can provide temporary financial relief, it’s essential to understand that it postpones loan repayment rather than reducing the total amount owed. Financial institutions, such as Nordea, have reported a significant increase in avdragsfrihet requests, with contributing factors being post-holiday credit card bills and an uptick in divorces.

Despite the increase in applications, many borrowers have prepared for tougher economic times and have established financial buffers. Loftås noted that most borrowers have calculated their financial limits to be higher than current conditions, indicating that the rise in interest rates may not have drastic consequences for the average borrower. When faced with financial challenges, individuals often make adjustments by cutting non-essential expenses or postponing luxury purchases before considering changes to their home loans.

Rising interest rates in Norway have led to an increase in avdragsfrihet requests from borrowers looking for temporary relief from higher loan costs. While this option can provide short-term financial flexibility, borrowers should carefully consider their financial situation and explore other alternatives, such as loan refinancing or extending loan terms, to manage the impact of interest rate hikes.

Featured image: DBN Bank in Stavanger, Norway (NordenBladet)

Norway: Norgesgruppen earned NOK 1.6 billion before tax in the first half of the year

NordenBladet – The Norgesgruppen grocery chain earned NOK 1.6 billion before tax in the first half of 2023. Norgesgruppen owns, among other things, the Kiwi and Meny chains. The group had operating income of NOK 54.3 billion in the first half of the year. Last year, the figure was 49.4 billion, they report in a press release.

Profit before tax fell to NOK 1.61 billion, compared to NOK 1.64 billion last year.

“Our investments in price cuts have kept us competitive in a tough market, and we have achieved solid growth in operating income,” says Group CEO Runar Hollevik in Norgesgruppen.

“At the same time, we are able to make our operations more efficient in order to handle the increased costs, which is crucial in the times we are in when everything costs more,” he adds.

Investments in price cuts over a longer period weakened the operating margin by 0.4 percentage points from 3.4 percent to 3.0 percent in the first half of 2023, the company writes.

“The competition for customers in food markets is fierce, but taken as a whole, Norgesgruppen wins customers. Increased costs for important input factors such as goods, packaging and rent also affect results in the first half of the year. So far in 2023, the extraordinary cost increases from the suppliers have also continued.”

Featured image: Kiwi shop in Ål, Norway (NordenBladet)

Hasbro’s stock trading ascends with Baldur’s Gate 3 triumph

NordenBladet – “Baldur’s Gate 3” boosts Hasbro’s stock trading success. The release of Baldur’s Gate 3, a highly acclaimed role-playing video game from Larian Studios, has sent ripples through the gaming world. But the impact doesn’t stop at the gaming community; it’s reverberating in the stock market as well.

Hasbro, a household name in the world of entertainment and gaming, is set to reap substantial benefits from this game’s success. With its stock trading on multiple exchanges, including the NYSE and NASDAQ, Hasbro is poised for significant gains. The game’s popularity, along with other key factors, has analysts and investors eyeing Hasbro’s stock with great anticipation. In this story, we delve into the connection between Baldur’s Gate 3’s triumph and Hasbro’s stock performance, uncovering the promising prospects that lie ahead for this global entertainment giant.

Baldur’s Gate 3, developed and published by Larian Studios, stands as the third installment in the Baldur’s Gate series, rooted in the Dungeons & Dragons tabletop role-playing universe. Initially, a partial version of this game debuted in early access format on macOS, Windows, and the Stadia streaming service on October 6, 2020. It continued in this early access phase until its full release on Windows on August 3, 2023. There are plans for macOS and PlayStation 5 versions to launch on September 6, 2023, while the Xbox Series X/S version is anticipated in 2023. Regrettably, the Stadia version got canceled when Stadia ceased operations.

Critics showered Baldur’s Gate 3 with praise, applauding its gameplay, storyline, abundant content, and the wide array of choices available to players.

Baldur’s Gate 3 is a role-playing video game offering both solo and cooperative multiplayer modes. Players can craft one or more characters and assemble a party, which can include pre-generated characters, to delve into the game’s narrative. Additionally, players have the option to take one of their characters online to form a party with other players. Much like previous entries in the Baldur’s Gate series, the game features turn-based combat, akin to Larian’s earlier titles Divinity: Original Sin and Divinity: Original Sin II, with all combat adhering to the D&D 5th Edition rules.

The game unfolds in the year 1492 DR, taking place more than 120 years after the events of Baldur’s Gate II: Shadows of Amn and a few months after Baldur’s Gate: Descent into Avernus. Its storyline offers a branching narrative characteristic of classic CRPGs, where the core story elements remain fairly consistent regardless of player choices, yet with substantial variations in the details, particularly in relation to the numerous side quests. Players have the option, at the game’s outset, to either create an entirely original character with an open backstory or select one of seven pre-made “origin characters.”


Trading chart of Hasbro stock (HAS) for the last month on the NasdaqGS exchange (Source: Finance.Yahoo.com)

In an unrelated note, Bank of America has expressed optimism about Hasbro’s stock, forecasting further gains. This positivity stems from strong demand for three of Hasbro’s game properties. The bank maintained its “Buy” rating and raised its price target to $90, up from $85, indicating a 41% potential upside from the previous day’s closing price. In response to this bullish outlook, the stock witnessed a more than 7% surge on Tuesday (22. August), Yahoo reports.

Bank of America’s confidence in Hasbro’s prospects is grounded in the success of Magic: The Gathering expansion sets, as well as the popularity of two recently launched digital games from which it collects royalties: Monopoly Go and Baldur’s Gate 3.

Meanwhile, Dungeons & Dragons-based Baldur’s Gate 3 has already sold more than 2.5 million units since it was released on the PC earlier this month. The game will be released on the Playstation 5 early next month.

Bank of America estimates Hasbro could collect $60 million in royalties from Monopoly Go if it reaches $500 million in revenue in its first year, and $61 million in royalties from Baldur’s Gate 3 if it can sell 10 million units.

Look also:

$80 BILLION Weight Loss industry enters ‘Age of Ozempic’, Shares of Novo Nordisk (NVO) rally

NordenBladet –  In recent times, the popularity of Ozempic, Rybelsus, Wegovy, Mounjaro, and other weight-loss drugs has soared, causing a significant impact on the weight-loss industry. Big pharmaceutical companies are witnessing a gold rush with these drugs, which are being widely promoted in advertisements, awards shows, and headlines. The pharmaceutical alternatives have made it easier and more effective for people to achieve weight loss without the need for traditional methods like diets, exercise, and behavioral changes.

The $80 billion weight-loss industry, which includes well-known companies like WeightWatchers, Jenny Craig, Nutrisystem, and Noom, is facing a more complex landscape as customers turn to these new drugs. For decades, these weight-loss companies have thrived by promoting willpower and lifestyle changes, but the pharma-driven era is now posing a challenge to their traditional approaches.

WeightWatchers and Noom, recognizing the evolving science and changing consumer preferences, are adapting to the new trend. WeightWatchers’ CEO, Sima Sistani, acknowledged their willingness to learn and evolve by acquiring Sequence, a telehealth business that allows patients to receive virtual prescriptions for the weight-loss drugs. Similarly, Noom launched Noom Med, a telehealth platform with a similar purpose.

This transformation has the potential to revolutionize the dieting industry, with some experts even predicting the possible “demise of dieting.” As the pharmaceutical alternatives gain prominence, both WeightWatchers and Noom have faced financial challenges. The 40-year-old Jenny Craig has also experienced difficulties and recently closed down, selling its brand to Nutrisystem’s parent company.

The rise of weight-loss drugs like Ozempic is reshaping the weight-loss industry, presenting both challenges and opportunities for companies that have long relied on traditional methods. It’s not just a business story but also reflects cultural and societal shifts in how people approach weight loss.



NVO One Year Trading Chart: Shares of Novo Nordisk (NVO) are up nearly 120% since Wegovy debuted in June 2021. This makes it Europe’s second most valuable listed company after luxury brand LVMH. Danish drugmaker also ramps up production to meet growing demand in US (Yahoo Finance extract as of July 25, 2023)

________________________
Semaglutide, sold under the brand names Ozempic, Wegovy and Rybelsus, is an antidiabetic medication used for the treatment of type 2 diabetes and an anti-obesity medication used for long-term weight management, developed by Novo Nordisk in 2012. It is a peptide similar to the hormone glucagon-like peptide-1 (GLP-1), modified with a side chain.

Semaglutide is a GLP-1 receptor agonist, meaning that it mimics the action of the human incretin GLP-1, thereby increasing insulin secretion and increasing blood sugar disposal and improving glycemic control. Side effects include nausea, vomiting, diarrhea, abdominal pain, and constipation.

In 2020, semaglutide was the 129th most commonly prescribed medication in the United States, with more than 4 million prescriptions.

Photo: Rybelsus tablets produced by the Danish pharmaceutical manufacturer Novo Nordisk (NordenBladet)
Source: NordenBladet.ee

The Meme Stock frenzy: A Speculative surge captivating investors

NordenBladet – Meme stocks have taken the financial world by storm this year, surpassing the performance of traditional S&P 500 stocks and attracting both retail and institutional investors. Stocks such as Carvana (CVNA), Coinbase (COIN), and Tesla (TSLA) have experienced remarkable gains, igniting a wave of interest and FOMO (Fear of Missing Out) among market participants.

“Has everybody lost their minds? It’s great that Carvana pulled off such a stock-goosing magic trick, but lost in all of the mania of the market is that the viability of the company’s business remains a question mark … and until proved otherwise, investing in Carvana continues to be a dash for trash. Keep in mind the stock tanked 98% in 2022,” wrote Herb Greenberg in Empire Financial Daily.

Chart: One-year summary of Carvana stock (taken 25-07-2023). Source: Yahoo Finance

But it’s not simply beginning investors capitalizing on the meme rush. The Roundhill Meme Stock ETF (MEME) has surged by an impressive 61% year-to-date, and even established players like ARK Innovation ETF (ARKK) and ProShares Bitcoin Strategy ETF (BITO) have benefitted from the speculative excitement.

However, with rapid growth come questions about the sustainability of these gains and the potential risks involved.

Biggest Meme Stock gainers:

Company Ticker 2022 YTD % ch. Sector
Carvana (CVNA) -98.0% 875.7% Consumer Discretionary
Riot Platforms (RIOT) -84.8 413.7 Information Technology
Marathon Digital (MARA) -89.6 377.9 Information Technology
Upstart Holdings (UPST) -91.3 307.5 Financials
Coinbase Global (COIN) -86.0 179.5 Financials
DraftKings (DKNG) -58.5 168.7 Consumer Discretionary
Palantir Technologies (PLTR) -64.7 154.3 Information Technology
Carnival (CCL) -59.9 121.2 Consumer Discretionary
Tesla (TSLA) -65.0 118.5 Consumer Discretionary
SoFi Technologies (SOFI) -70.8 104.9 Financials

What Is a Meme Stock?
A meme stock refers to the shares of a company that have gained viral popularity due to heightened social sentiment. This social sentiment is usually due to activity online, particularly on social media platforms.

History

Interest in meme stocks started in 2020, in what the U.S. Securities and Exchange Commission has called a “meme stock phenomenon”. The stock of American video game retailer GameStop has been one of the most popular meme stocks, with mass purchases of the stock leading to the GameStop short squeeze in early 2021. The stock of entertainment company AMC is also cited as a prominent example.Other examples include the stocks of Bed, Bath & Beyond, National Beverage, and Koss.The distinction between a meme stock and a non-meme stock is not always clear; for example, Tesla has some of the characteristics of a meme stock: a high price-earnings ratio and being frequently discussed by amateur retail traders on social media, yet some professional analysts do not consider it to be overpriced.

Interest in meme stocks is associated with trading platform Robinhood, which pioneered commission-free trading. According to The New York Times, “Robinhood was the tool of choice for traders in the original meme stocks”.

Some meme stocks have often become popular among retail investors after being targeted by short-selling professional investors, such as hedge funds,with participants having the explicit aim of causing losses among those firms. News coverage has described the choice to purchase such stocks as an act of rebellion intended to humble short-selling professional investors.

According to an SEC report, while some hedge funds had big losses, the meme stocks phenomenon did not widely impact hedge funds.The SEC staff report also stated, “some investors that had been invested in the target stocks prior to the market events benefitted unexpectedly from the price rises, while others, including quantitative and high-frequency hedge funds, joined the market rally to trade profitably.” By June 2021, according to Financial Times, some hedge funds were systematically analyzing meme stocks.