If your Blue Razz has a bit of extra bite today, it might not be your imagination.

High Noon issued a voluntary recall after some of its canned vodka seltzers were accidentally labeled as Celsius energy drinks. The mislabeled batches went out to eight states.

Might explain why your workout suddenly turned into karaoke.

Finally, read to the end for a new entry in the central bank meme canon…

— Brooks & Cas

Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.

One of the biggest potential winners? Mode Mobile.

Mode’s EarnPhone already reaches 50M+ users that have earned over $325M, and that’s before global satellite coverage. With SpaceX eliminating "dead zones" worldwide, Mode's earning technology can now reach billions more in unbanked and rural populations worldwide.

Their global expansion is perfectly timed, and you still have a chance to invest in their pre-IPO offering at just $0.30/share. Final allocations are disappearing quickly.

Mode’s recent 32,481% revenue growth and their newly reserved Nasdaq ticker $MODE puts them one step closer to a potential IPO.

⏰ ALMOST SOLD OUT — INVEST NOW AT $0.30/SHARE NOW.

$HOG ( ▼ 1.16% ) Harley-Davidson offloads loans worth $5 bln; tariffs hit second-quarter profit (Reuters)

$MDLZ ( ▼ 0.63% ) Mondelez falls after profit guidance is impacted by 'unprecedented' cocoa cost inflation (SeekingAlpha)

$HUM ( ▲ 0.04% ) Has Humana turned the corner? Stock jumps as outlook raised, Medicare business improves (MarketWatch)

$GEHC ( ▲ 1.13% ) GE HealthCare Stock Falls Despite Earnings Beat. Tariffs Are Creating Confusion. (Barron’s)

$SRPT ( ▲ 7.48% ) FDA’s Prasad Exits Following Political Backlash Over Sarepta (Bloomberg)

CNBC: The Fed held interest rates steady despite pressure from President Trump. However, two governors dissented, the first split vote of its kind since 1993.

Reuters: Trump imposed a universal 50% tariff on copper imports, triggering a price plunge for the metal and steep losses for major copper miners.

AP: The tariff developments don’t stop there. Trump also levied a 25% tariff on Indian goods, plus an import penalty on Russian oil purchases.

Fortune: Starbucks $SBUX ( ▲ 3.36% ) will close or convert up to 90 mobile-only pickup stores by 2026, saying the format felt “too transactional”.

WSJ: The US economy grew at an annualized rate of 3% in Q2 after contracting 0.5% in Q1, but some indicators reflected ongoing uncertainty.

Recent breakthroughs in quantum computing have ushered in a new era, per Forbes, with the potential to transform fields as diverse as biotech, genetic sequencing, cybersecurity, energy, banking, and more. McKinsey predicts the addressable market for quantum computers could hit $30 billion in 10 years.

According to Rosenblatt Securities, two quantum computing stocks could see massive upside as the revolution unfolds.

Rosenblatt analyst Kevin Garrigan initiated Buy ratings on D-Wave $QBTS ( ▲ 4.88% ) and IonQ $IONQ ( ▲ 4.57% ), with price targets of $30 and $70, respectively. That would imply a gain of around 75% for both stocks from today’s closing price.

In his note to clients, Garrigan pointed to D-Wave’s energy-efficient quantum technology that could help solve large-scale optimization problems.

Meanwhile, he called IonQ “a pure-play public company” that has made a series of acquisitions in recent years to boost its capabilities in quantum internet infrastructure.

These two stocks might well live up to Garrigan’s expectations. But anyone considering them should be mindful that D-Wave has soared over 1,800% over the last 12 months, while shares of IonQ are up more than 450% in that time frame.

For companies that have no earnings and scant revenue — D-Wave reported a little more than $21 million in revenue over the last year, while IonQ reported just over $43 million — multi-billion-dollar valuations may raise eyebrows. These massive runs in share price suggest that the sector, transformative as it may be, is at a dangerous point of the “Hype Cycle” popularized by Gartner Research.

Soaring share prices from inflated expectations often give way to disillusionment as investors realize that while the technology may change the world, it won’t do so tomorrow or next month. This, in turn, can sometimes trigger falling share prices — which may give far-sighted investors a more attractive entry point.

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CNBC: Trump signed an executive order ending the de minimis exemption, imposing duties on all imports under $800 starting August 29

AP: Trump signed an order imposing 50% tariffs on Brazil, citing the prosecution of former President Bolsonaro.

Bloomberg: China began building a $167B megadam in Tibet, a bet by Xi Jinping to boost economic growth, meet energy demand, and assert strategic control.

CNN: Australia will include YouTube $GOOGL ( ▲ 3.13% ) in its under-16 social media ban, requiring platforms to verify users’ ages or face fines up to $32M. Speaking of…

The Verge: Online age verification laws are rolling out globally, but early results show technical flaws, privacy risks, and widespread circumvention.

FOMC meeting or hostage negotiation?

Markets expected no change, and that’s what they got. If inflation won’t blink, neither will JPow.

Are you bullish or bearish on Berkshire Hathaway $BRK.B ( ▼ 2.9% ) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

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