Welcome to Blue Room's Weekend Update. Each week, we're sharing what companies we're researching and the what, the who and the how that we think makes the companies interesting and unique. This roundup is brought to you weekly by a group of interns, creative minds, artists and investors who believe that through best in class investing along with the democratization of financial education we can do great things together. Enjoy, Explore and Share.

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BITCOIN SETS NEW HIGH

Bitcoin sets a new all-time-high this week, reaching $66,950, as the SEC approved ProShares Bitcoin Futures ETF (ticker: BITO) which began trading on Tuesday. The ETF, which is tied to Bitcoin futures contracts rather than directly to the current price of Bitcoin, is the first U.S. bitcoin-linked ETF offering. The significance of this milestone is that people who might otherwise shy away from the hurdles of buying crypto on an exchange can now trade the ETF during regular market hours and can easily incorporate it into retirement and savings plans. The rise in Bitcoin also helped push other cryptocurrencies like Ethereum higher, as well as crypto-related stocks such as Coinbase — both of which gained about 7% this week.

Thank you Blue Room Analyst NICK PEART.

Novavax is a biotechnology company promoting improved global health through the discovery, development and commercialization of innovative vaccines to prevent serious infectious diseases and address urgent, global health needs. Our vaccine candidates, including both its coronavirus vaccine candidate (“NVX-CoV2373”), and our seasonal quadrivalent influenza vaccine candidate (“NanoFlu™”), are genetically engineered, three-dimensional nanostructures of recombinant proteins critical to disease pathogenesis. We believe that our protein-subunit-based candidates elicit differentiated responses that may be more efficacious than naturally occurring immunity or other vaccine approaches. Additionally, our Matrix-M™ adjuvant has been shown to enhance functional immune responses and has been well-tolerated in multiple clinical trials. To date, we have formulated many of the vaccine candidates in our pipeline with our Matrix-M™ adjuvant, including NVX-CoV2373 and NanoFlu™. Matrix-M™, has been shown to enhance immune responses and has been well-tolerated in multiple clinical trials.

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Stagflation is becoming a hot topic of economic discussion these days, and investors will soon have to factor the possibilities of it occurring into their financial models, if they have not already. Stagflation is an economic event in which the inflation rate is high, economic growth rate slows, and unemployment remains steadily high. Such an unfavorable combination is feared and can be a dilemma for governments since most actions designed to lower inflation may raise unemployment levels, and policies designed to decrease unemployment may worsen inflation. During the 1970s period of stagflation, the CPIXYOY index bottomed at around 2.7% in 1972 and peaked at 12.3% in 1974 while the SPX index retreated nearly 38% in that same time frame. After hitting a trough of 4.9% in December, 1976, CPI spiked for a second time to 14.8% in March of 1980. Within that time frame the SPX Index declined about 8.17%. The United States economy also saw three definitive recessions between 1971 and 1982, while the unemployment rate remained, on average, well above the 4-5% target range for a healthy economy.

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Netflix, Inc. provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services. The company has approximately 209 million paid members in 190 countries. Netflix, Inc. was founded in 1997 and is headquartered in Los Gatos, California.

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Corporate Profile:

Snap Inc. is a camera company.

We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate.

We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.

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Tesla, Inc. produces electric vehicles and clean energy generation, storage, and consumption solutions. Tesla is focused on accelerating the integration of clean energy transportation and production into society in order to more quickly achieve a zero-emission future. Additionally, all of the new Automotive products include self-driving capabilities and continuing to develop this Autopilot capability is at the core of Tesla. Tesla designs and manufactures several products based on sustainable energy usage. The products within their Automotive sector are all various types of electric vehicles: Model S, Model 3, Model X, Model Y, Roadsterm, Tesla Semi, and Cybertruck. Tesla’s Energy Generation and Storage sector comprises Powerwall, Powerpack, Solar Roof, and Solar Panels which are all products focused on the generation, storage, and consumption of renewable energy.