⁠Investing visuals
Seeing a lot of bullish buy-the-dip takes on $HIMS.

But there's a major risk that came into full view yesterday and isn't talked about enough IMO.

High legal & regulatory exposure.

The compounded GLP-1 model is under fire. If regulators crack down, $HIMS could lose a key growth driver plus face legal pressure and credibility damage.

This isn’t new, but it’s now impossible to ignore.

$HIMS is down 🔻32% on the $HIMS – $NVO partnership termination.

5 Key highlights👇

1 - Reason for termination 🔍
$NVO ended the agreement with $HIMS to supply Wegovy, citing concerns over “illegitimate” compounded versions. $NVO accuses $HIMS of deceptive marketing and mass compounding of unapproved GLP-1s.

2 - Short-term revenue impact 🫰
Minimal near-term impact: Wegovy was not yet widely available on the $HIMS platform. Compounded GLP-1s remain the core of its current offering.

3 - Long(er)-term revenue impact 💰
While not directly stated by either company, the deal’s collapse and regulatory trends imply future access to branded GLP‑1s could be harder.

4 - Brand trust risk ⚠️
Accusations of deceptive practices may damage $HIMS credibility with regulators, pharma partners, and consumers.

5 - Moving forward with GLP-1 🔮
$HIMS will continue offering compounded and personalized GLP-1 treatments through its own clinical program.

If I missed anything important, feel free to add other insights or important snippets.

Does this change your $HIMS thesis? - Investing visuals
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⁠Quiver Quantitative
NEW: Stephen Miller now owns up to $250K of Palantir stock.

Miller is the US Homeland Security advisor.

We've seen multiple members of the House Homeland Security Committee (from both parties) start buying up Palantir stock this year.

Track politicians' portfolios on Quiver.
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⁠Dimitry Nakhla | Babylon Capital®
RT @BourbonCap: Visa $V CEO: 'We will enable and scale stablecoins if consumers want them'

Improvise, adapt, overcome long $V https://t.co/lyuEo5hRtP
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⁠Dimitry Nakhla | Babylon Capital®
This is great for MercadoLibre $MELI 🤝

🚨 Breaking: Argentina's 🇦🇷 annual GDP growth now stands at 5.8%, the highest in the Western world, and higher than China!

@JMilei's miracle is unstoppable! https://t.co/PJzWiKwq14 - Dr. Eli David
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⁠Capital Employed
Some interesting names to check out here...

🎯 7 Under-looked companies with strong moats 👇

🇦🇺 $PME.AX - Visage their software is the leading best-in-class for radiology, so much so that some refuse to work with any other software, they have never lost a client (sticky), and they are in 11/20 of the top USA hospitals. They can complete super complex implementations of the software for new clients in 1/3 of the time competitors need. AI detection in radiology is their new venture….

🇸🇪 $ITECH.ST - They own a unique patent to the world's best chemical applied in ship painting to stop barnacles from attaching to ships, this is extremely helpful as they save fuel (costs) they can hit environmental targets. New studies showcase that the paint even makes the ships faster. A big part of the TAM is unexplored

🇺🇾 $DLO - Powerful network effects and high switching costs, its single API gateway bridges global merchants to 900+ local payment methods across 40 emerging markets, making rival migrations prohibitively complex. Big companies can do business in many countries they weren’t able to do so, a sticky business model.

🇨🇦 $PNP.TO - They use a 390mil deficit from the previous management to offset any potential gain in their portfolio so they pay no taxes. To add the expertise of the Leonard family in VMS they sure have a head start, very interesting portfolio as well.

🇦🇺 $WTC.AT - Super switching costs and potent network effects in its CargoWise suite boasting a 99% retention over four years makes defecting akin to rebuilding a global supply chain from scratch. But it is also a data behemoth, 50 billion data transactions annually makes this a gold mine of predictive analytics.

🇺🇸 $KNSL - The have a very advanced platform that has data analysis for underwriting and claims management, this is how they can calculate the deals with the best r:r. They know when to get aggressive and when not. They also provide the quickest offers while the average specialty insurance provider needs 2-3 months they can do it in 1-2 weeks

🇬🇷 $ILYDA.AT - Super high switching costs, ERP solutions are deeply customized and integrated into pharmacy, retail, and public-sector operations, backed by mandatory customer training and multi-year support services that make vendor migrations costly and impractical. They are deeply embedded with the Greek Government, which I may add is going all out in software in the public sector

Because you read till the end, Ilyda is extremely interesting and one of my top watchlist picks 🤝 - Simeon Research
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⁠Dimitry Nakhla | Babylon Capital®
Take a look at MercadoLibre’s Revenue & EPS growth estimates through 2028 🤝

Rev: +23.20% CAGR
EPS: +33.96% CAGR

What multiple would you be willing to pay? I’d wager it’s more than what $MELI trades for today

$MELI also benefits from the advantages of scale economies shared👇🏽 https://t.co/Q6G24e2vJc

Nick Sleep is one of the greatest investors, generating 20.8% CAGR from 2001 to 2013 📈

Nick ran a concentrated fund, with $AMZN & $COST stock each accounting for >20% of the Nomad Partnership at various points 💸

Here’s the secret to his incredible track record 🧵 https://t.co/9mDupZqv57 - Dimitry Nakhla | Babylon Capital®
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⁠Investing visuals
$NVDA: from $300 million to $131 BILLION data center revenue in less than a decade.

And once again the most valuable company in the world👑 https://t.co/mGwbyQxgE8
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⁠Quiver Quantitative
Representative Torres to Anthropic co-founder:

Is it wise for the United States to artificially restrict the supply of clean energy when we are in an AI arms race? https://t.co/E1nPBeNACZ
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⁠Quiver Quantitative
Senator Jeff Merkley just asked Pam Bondi about Trump's meme coin.

Watch here: https://t.co/Lja2FGUef0
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⁠Investing visuals
Dear $TSLA and $GOOGL shareholders: the autonomous driving pie is big enough for both to do very well.

Can we agree on that? No need to fuss and fight over who the ultimate winner will be.

Both can be winners🤝 https://t.co/gN57Yu6jCa
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