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In recent years, psychedelic substances such as psilocybin, MDMA, and ketamine have re-emerged as promising tools in mental health treatment. All are now being studied by leading universities, nonprofit organizations, and clinical research institutes.
Universities have played a central role in legitimizing psychedelic treatments. In fact, one of the most influential centers is the Johns Hopkins Center for Psychedelic and Consciousness Research. This institution conducts controlled clinical trials exploring psychedelics’ potential to treat conditions such as depression, addiction, and PTSD. With over 150 published studies.
Now, even the White House is getting on board.
Reportedly, the White House is drafting an executive order that would signal the Trump administration’s willingness to further U.S. research into a drug called ibogaine, which is used to treat depression, anxiety, addiction, post-traumatic stress disorder, and brain trauma.
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Analysts at Oppenheimer are bullish on Nvidia ahead of earnings.
“Beyond agentic, physical AI to drive TAM expansion, in our view. NVDA ubiquitous AI platform best positioned to win, in our view. Blackwell +Rubin cumulative revenues $1T-plus in ’25-’27. Reiterate Outperform. Target $265,” said the firm, as quoted by CNBC.
Over the last few days, shares of Nvidia raced from a low of about $164.27 to a recent high of $200.40. While over-extended to the upside, the stock could race higher on earnings and guidance. It’s expected to report on May 20 after the market closes.
President Trump just said the Iran war “should be ending pretty soon.”
With that, futures are exploding, with the S&P 500 up 0.57%, or by 40 points. The SPDR S&P 500 ETF (SPY) is up 0.5%, or $3.54. The Dow is up 0.75%, or by 364 points. The Nasdaq is up 0.54%, or by 142 points. Oil is down by $4.82 at $89.85. Gold is up by $37.57 at $4,823. Bitcoin is up about $527 at $75,678.52.
At the moment, the U.S. and Iran are negotiating over a plan to end the war, with the U.S. offering to release $20 billion in frozen Iranian funds in return for Iran giving up its enriched uranium stockpile, as noted by Axios.com. If accepted, it could end the war, lower oil prices, and push markets even higher.
In addition, Israel and Lebanon agreed to a 10-day ceasefire.
According to the U.S. Department of State:
“Both countries recognize the significant challenges faced by the Lebanese state from non-state armed groups, which undermine Lebanon’s sovereignty and threaten regional stability. Both countries understand that those groups’ activities must be curtailed, such that the only forces authorized to bear arms in Lebanon will be the Lebanese Armed Forces (LAF), Internal Security Forces, Directorate of General Security, General Directorate of State Security, Lebanese Customs, and Municipal Police.”
All of that is contributing to this morning’s massive premarket rally.
Market Movers: Bank of America Reiterates Buy Rating on Apple
Bank of America just reiterated its buy rating on Apple (NASDAQ: AAPL | AAPL Price Prediction), calling it the “highest quality name.”
The firm also said, “We continue to view AAPL as a high-quality compounder despite underperformance YTD vs. S&P, supported by resilient Services growth and a healthy product cycle,” as quoted by CNBC.
The firm also reiterated its buy rating on Netflix (NASDAQ: NFLX), saying that it’s sticking with the stock following earnings. As quoted by CNBC, “Netflix reported a solid 1Q, modestly beating our forecast and guidance. Management reiterated its three core priorities, including: 1) delivering more entertainment value, 2) leveraging technology to improve the service/business, and 3) improving monetization, which all appear to be largely consistent with their prior strategy.”
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