• GRIT
  • Posts
  • HIV Breakthrough Shines

HIV Breakthrough Shines

Gilead, Forever 21, Truth

Grit Logo

Good Morning!

Happy Friday! Have a great weekend:

👉Gilead’s new drug

👉 Forever 21 faces challenges

👉Truth Social stock  

GILEAD: New Drug

Gilead's experimental twice-yearly HIV prevention medicine was 100% effective in a late-stage trial, the company announced Thursday. None of the 2,000 women who received the lenacapavir shot contracted HIV, leading the independent data monitoring committee to recommend offering the treatment to all study participants. Other participants received standard daily pills.

Source: CNBC

This success brings Gilead closer to introducing a new form of pre-exposure prophylaxis (PrEP). The company must replicate these results before seeking FDA approval. Data from a Phase 3 study on men who have sex with men will be shared later this year or early next year. If positive, lenacapavir could be on the market by late 2025.

🎯 GRIT TAKE: If lenacapavir receives FDA approval and a patent… upgrade to VIP now to read the full GRIT Take!

STRUGGLES: Forever 21

Forever 21 is asking landlords to cut rent as sales decline and competition intensifies. The retailer, with over 380 U.S. stores, is seeking up to 50% rent reductions. Despite financial troubles, it hasn't hired advisors or considered a second bankruptcy. The company aims to restructure leases to reduce costs.

Source: CNN

Forever 21 struggles in the saturated fast fashion market, facing inventory and consumer understanding issues. It filed for bankruptcy in 2019 and was acquired by Authentic Brands Group, Simon Property Group, and Brookfield Property Partners. Despite closing hundreds of stores, financial challenges persist.

TRUTH: Stock Plummets

Trump Media’s stock plummeted nearly 15% Thursday, closing at $26.75 per share. This marks a 40% drop since early June when it traded at over $49. Despite high activity, Trump Media generates minimal revenue.

Source: NBC

Tuesday’s 10% drop followed the SEC’s approval of Trump Media’s registration of additional shares, causing a 17% after-hours decline. Analysts cite this as the catalyst for the week's sell-off. Trump holds 114.75 million shares, valued at $3 billion post-drop, down from $5.6 billion at the month's start. He can't sell until the six-month lockup ends in September.

Chart of the Day

📊Small-Cap vs. Large-Cap

Source: Tavi Costa

GRIT Meme of the Day 😂

Tag GRIT Capital on social media for a chance to be featured in our meme or Tweet of the day in our GRIT daily newsletter! 👇

Source: @wallstbets

Don’t follow us on social yet? Follow us on Instagram, TikTok, and Twitter.

The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. Grit does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author or paid advertiser.

THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN. INVESTORS SHOULD OBTAIN INDIVIDUAL INVESTMENT ADVICE BASED ON THEIR OWN CIRCUMSTANCES BEFORE MAKING AN INVESTMENT DECISION

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.

The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and Grit undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.

Grit does not accept any liability whatsoever for any direct or consequential loss, however arising, directly or indirectly, from any use of the information contained herein.

By using the Site or any related social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

If you have any questions please contact us at info@gritcap.io

Reply

or to participate.