California Sell-Out

“I’ve just about had it with California,” today’s contributor says.

“If Prop 15 passes, small businesses will be hurt badly as landlords pass on higher property taxes to renters — resulting from properties being reassessed at fair market value — stripped of the protection of Prop 13 from the early 70s.

“Along with some of the most restrictive gun laws, in 2035 only electric cars will be available for sale as new vehicles. And a newly-passed bill that is pedophile-friendly really disgusts me.

“The odds of earthquakes, rampant wildfires, wind damage and a power grid susceptible to overload are all raising big red flags too.

“Prices of residential real estate are at an all-time high… so it is time to sell, get out of this mess and move elsewhere.”

A quick question for our California correspondent: Where does he plan on moving and why?

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Your Rundown for Wednesday, Sept. 30, 2020…

Revisiting Regeneron…

Back in March, The Rundown reported how biotech company Regeneron Pharmaceuticals was taking a “three prong approach” to tackle Covid-19, according to CEO Leonard Schleifer.

The second plan of attack, Mr. Schleifer said: “Give people a human antibody that can fight off infection until there are vaccines around.”

To that end, Regeneron “announced early data from its Phase I/II/III trial of its antibody cocktail, REGN-COV2, against COVID-19,” says an article at BioSpace.

“The analysis demonstrated the cocktail of two antibodies against SARS-CoV-2 decreased viral load and alleviated symptoms faster in non-hospitalized COVID-19 patients. It also demonstrated positive trends in decreasing medical visits.”

“Regeneron (ticker: REGN) said it hopes to seek an emergency authorization for the treatment,” Barron’s reports, “while it continues clinical trials to validate the promising results.”

REGN shares closed up about 3% Tuesday; the stock’s up nominally this morning… but closing in on all-time highs.

Market Rundown for Wednesday, Sept. 30, 2020

S&P 500 futures are static at 3,332.

Oil is up $0.20 to $39.49 for a barrel of West Texas Intermediate.

Gold is down $5.89 to $1,897.30 per ounce.

Bitcoin is down 1% to $10,724.30.

Send your comments and questions to,

We’ll have more to say Friday; check back then.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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