>>> Europe : Brokers Upgrades & Downgrades - 2nd of May 2023 V2(+)

>>> Up
* Aker BioMarine ASA Raised to Buy at DNB Markets; PT 45 kroner
* Atlas Copco Raised to Reduce at AlphaValue/Baader
* Bioretec Raised to Accumulate at Inderes; PT 2.70 euros
* Deutsche Bank Raised to Hold at Bankhaus Metzler; PT 10.40 euros (+)
* Electrolux Raised to Buy at SEB Equities; PT 190 kronor
* Epiroc Raised to Hold at Pareto Securities; PT 205 kronor (+)
* Kambi Raised to Hold at Pareto Securities; PT 175 kronor (+)
* Kitron Raised to Buy at Arctic Securities; PT 52 kroner
* Manitowoc Co Raised to Equal-Weight at Wells Fargo; PT $17
* Pexip Raised to Buy at Pareto Securities; PT 30 kroner (+)
* Raute Raised to Accumulate at Inderes; PT 12 euros
* RBG Holdings PLC Raised to Buy at Stifel; PT 70 pence (+)
* Rightmove Raised to Buy at HSBC; PT 645 pence
* Rockwool Raised to Buy at Jyske Bank; PT 1,920 kroner (+)
* Sanoma Raised to Accumulate at Inderes; PT 8.50 euros
* SCA Raised to Buy at Handelsbanken
* Schibsted Raised to Buy at Nordea; PT 260 kroner
* SGL Raised to Buy at Deutsche Bank; PT 13 euros
* SGS Raised to Outperform at RBC; PT 90 Swiss francs
* Stora Enso Raised to Overweight at JPMorgan; PT 12.60 euros
* SwedenCare Raised to Buy at Handelsbanken
* Terveystalo Raised to Buy at SEB Equities; PT 9.20 euros
* Terveystalo Raised to Buy at Inderes; PT 9 euros
* Tobii Dynavox Raised to Buy at ABG; PT 35 kronor
* Tomra Raised to Hold at ABG; PT 160 kroner
* Tomra Raised to Hold at Carnegie; PT 154 kroner (+)
* UPM-Kymmene Raised to Overweight at JPMorgan; PT 32.20 euros

>>> Down
* Bpost Cut to Reduce at KBC Securities; PT 4 euros (+)
* Evolution Cut to Neutral at Citi
* Exxon Cut to Neutral at Goldman; PT $125
* JTC PLC Cut to Hold at Shore Capital (+)
* Lemonsoft Cut to Reduce at Inderes; PT 7.70 euros
* ProSieben Cut to Neutral at BNPP Exane; PT 9 euros (+)
* QT Group Cut to Reduce at Inderes; PT 78 euros
* Tomra Cut to Sell at Nordea; PT 136 kroner
* Sanofi Cut to Sell at Deutsche Bank; PT 90 euros

>>> Initiation
* Believe Rated New Buy at Stifel; PT 18.50 euros
* Ence Reinstated Sponsored at BNPP Exane
* Ferrari Rated New Equal-Weight at Barclays; PT $274.73 (+)
* J M Smucker Reinstated Equal-Weight at Barclays (+)
* Linde Rated New Outperform at BNPP Exane; PT $398
* SGS Rated New Outperform at Credit Suisse; PT 100 Swiss francs

>>> call
* Dell Tech and HP Inc. Upgraded at Morgan Stanley on PC Rebound
* DSM’s 1Q Adj. Ebitda Misses Jefferies’ Estimate on Destocking (+)
* Evolution Downgraded to Neutral at Citi on Limited Upside
* SGL Carbon Raised to Buy at Deutsche Bank Post-Restructuring (+)
* SGS Upgraded at RBC, While Credit Suisse Initiates at Outperform (+)

>>> Stoxx 600 Pre-Market Indications

  • Rubis (BYN TH) +2.7%
  • HSBC (HBC1 TH) +2.3%
    • HSBC Announces $2 Billion Buyback After Strong Profit Beat (1)
  • BT (BTQ TH) +1.8%
  • ASR Nederland (A16 TH) +1.7%
  • Glencore (8GC TH) +1.6%
    • Watch Copper-Tied Stocks in Europe as Metal Gains on GS Report
  • Reckitt (3RB TH) +1.5%
  • Ahold Delhaize (AHOG TH) +1.5%
    • Ahold Delhaize Nominates New CFO
  • Anglo American (NGLB TH) +1.3%
  • Rio Tinto (RIO1 TH) +1.2%
    • Watch Copper-Tied Stocks in Europe as Metal Gains on GS Report
  • Air France-KLM (AFR TH) +1.1%
  • Zalando (ZAL TH) -0.9%
    • ChatGPT Legal Issues Emerge —- As more businesses adopt the AI tech, scrutiny grows into data privacy, security
  • Renault (RNL TH) -0.9%
    • News 18: Renault Kiger RXT (O) Trim Gets New Features, Priced at Rs 7.99 Lakh in India
  • Vodafone (VODI TH) -1.1%
  • Shell (R6C0 TH) -1.2%
    • BP Slows Pace of Share Buybacks as First-Quarter Profit Dips
  • Orange (FTE TH) -1.3%
  • TotalEnergies (TOTB TH) -1.7%
    • France’s TotalEnergies to Buy LNG from UAE Under $1 Billion Deal
  • Sabadell (BDSB TH) -2.1%
  • Sanofi (SNW TH) -2.1%
  • AMS-Osram (DQW1 TH) -6.9%
    • AMS-Osram 2Q Revenue Forecast Misses Estimates

>>> TradeGate Pre-Market Indications

DAX:
  • Infineon (IFX TH) +1.3%
    • Bernstein Intl Strategic Equities Adds Infineon, Exits MUFG
  • Mercedes (MBG TH) +1%
  • Vonovia (VNA TH) +0.7%
  • VW (VOW3 TH) +0.6%
  • Commerzbank (CBK TH) -0.5%
  • Merck KGaA (MRK TH) -0.6%
MDAX:
  • Adtran Holdings (QH9 TH) +2.8%
  • United Internet (UTDI TH) +0.8%
  • TAG Immobilien (TEG TH) +0.6%
  • Evotec SE (EVT TH) +0.6%
  • Puma (PUM TH) +0.5%
  • Lufthansa (LHA TH) -0.5%
  • Telefonica Deutschland (O2D TH) -0.5%
  • ProSieben (PSM TH) -1.8%
  • Stabilus (STM TH) -2.3%
    • Stabilus 2Q Adjusted Ebit Meets Estimates
SDAX:
  • SGL (SGL TH) +3.4%
    • SGL Raised to Buy at Deutsche Bank; PT 13 euros
  • Software AG (SOW TH) +3%
    • Florida SBA Backs Software AG on 6 of 8 Proposals at May 17 AGM
  • Zeal Network (TIMA TH) +2.4%
  • Shop Apotheke (SAE TH) +2.3%
    • Shop Apotheke 1Q Adjusted Ebitda EU8.76M Vs. Loss EU4.28M Y/y
  • PNE AG (PNE3 TH) +1.8%
  • Heidelberger Druck (HDD TH) -0.9%
  • Hochtief (HOT TH) -0.9%
  • Bilfinger (GBF TH) -1.3%
  • Energiekontor (EKT TH) -1.4%
  • Varta (VAR1 TH) -1.5%

>>> Europe : Brokers Upgrades & Downgrades - 2nd of May 2023

>>> Up
* Aker BioMarine ASA Raised to Buy at DNB Markets; PT 45 kroner
* Atlas Copco Raised to Reduce at AlphaValue/Baader
* Bioretec Raised to Accumulate at Inderes; PT 2.70 euros
* Electrolux Raised to Buy at SEB Equities; PT 190 kronor
* Kitron Raised to Buy at Arctic Securities; PT 52 kroner
* Manitowoc Co Raised to Equal-Weight at Wells Fargo; PT $17
* Raute Raised to Accumulate at Inderes; PT 12 euros
* Rightmove Raised to Buy at HSBC; PT 645 pence
* Sanoma Raised to Accumulate at Inderes; PT 8.50 euros
* SCA Raised to Buy at Handelsbanken
* Schibsted Raised to Buy at Nordea; PT 260 kroner
* SGL Raised to Buy at Deutsche Bank; PT 13 euros
* SGS Raised to Outperform at RBC; PT 90 Swiss francs
* Stora Enso Raised to Overweight at JPMorgan; PT 12.60 euros
* SwedenCare Raised to Buy at Handelsbanken
* Terveystalo Raised to Buy at SEB Equities; PT 9.20 euros
* Terveystalo Raised to Buy at Inderes; PT 9 euros
* Tobii Dynavox Raised to Buy at ABG; PT 35 kronor
* Tomra Raised to Hold at ABG; PT 160 kroner
* UPM-Kymmene Raised to Overweight at JPMorgan; PT 32.20 euros

>>> Down
* Evolution Cut to Neutral at Citi
* Exxon Cut to Neutral at Goldman; PT $125
* Lemonsoft Cut to Reduce at Inderes; PT 7.70 euros
* QT Group Cut to Reduce at Inderes; PT 78 euros
* Tomra Cut to Sell at Nordea; PT 136 kroner
* Sanofi Cut to Sell at Deutsche Bank; PT 90 euros

>>> Initiation
* Believe Rated New Buy at Stifel; PT 18.50 euros
* Ence Reinstated Sponsored at BNPP Exane
* Linde Rated New Outperform at BNPP Exane; PT $398
* SGS Rated New Outperform at Credit Suisse; PT 100 Swiss francs

>>> call
* Dell Tech and HP Inc. Upgraded at Morgan Stanley on PC Rebound
* Evolution Downgraded to Neutral at Citi on Limited Upside

>>> What to look at today -2nd of May 2023

Australia’s dollar jumped after the central bank unexpectedly raised interest rates. Asian stocks fluctuated as traders assessed China data and weighed risk before a Federal Reserve meeting this week.  Shares in Australia extended losses along with the nation’s bonds as Reserve Bank of Australia hiked its benchmark rate by 25 basis points to 3.85%, an outcome forecast by only nine of 30 economists surveyed by Bloomberg. The RBA said inflation remained too high and some further tightening of monetary policy may be required. MSCI Inc.’s Asia Pacific Index of shares swung between gains and losses in a choppy trading as traders parsed a surprise contraction in China manufacturing against upbeat holiday spending data. Chinese markets are shut Tuesday and will reopen Thursday after a five-day holiday. Bloomberg’s dollar index ticked lower, while Treasuries edged up in Asia after being sold across the curve Monday. Swap traders have slightly upgraded the odds the Fed will raise its policy rate by a quarter point Wednesday, but now only expect rate cuts to happen in the later part of this year. China’s official manufacturing purchasing managers’ index fell to 49.2 in April, according to data released Sunday, feeding concerns that the economy may struggle to sustain growth momentum. Still, initial data from the Golden Week holiday showed strong travel, shopping and casino spending. 
Payment misses by Chinese developers added to the cloudy outlook, with a gauge of real estate companies dropping 1.8%.
US Treasury Secretary Janet Yellen told lawmakers on Monday that the nation risked default as soon as June 1. That came amid a high-stakes game of chicken in Washington over the debt limit. Elsewhere, oil and gold steadied.

Nikkei +0.22% Hang Seng +0.09% CSI +1.02% Shanghai +1.14% Shenzen +1.41%

Eur$ 1.0987 CNH 6.9543 CNY 6.9148 JPY 137.72 GBP 1.2504 CHF 0.8956 RUB 80.3325 TRY 19.4607 WTI$ 75.64 -0.03% Gold 1,982.45 -0.03% BTC 27,953 +0.98% ETH 1,828 +1.12%

S&P -0.03% Nasdaq +0.01% EuroStoxx +0.16% FTSE +0.25% Dax +0.15% SMI +0.29%

Macro :
- Chinese factory activity declines in April on weak global consumption
- France’s Rating Cut to AA- From AA by Fitch on Deficits, Debt
- KWG Misses Payments, Triggers 31.2B Yuan of Cross Defaults

Keep an eye on :
- ADS GY : Adidas shareholders launch class action lawsuit over Kanye West brand Yeezy
- AD NA : Ahold Delhaize Names Jolanda Poots-Bijl New CFO
- ALSN SW : ALSO CEO Gustavo MöLler-Hergt to Step Down in 2024
- AOX GY : Alstria Office 1Q FFO EU25.4M Vs. EU27.5M Y/y
- AMS SW : AMS-Osram 2Q Revenue Forecast Misses Estimates
- BP/ LN : BP 1Q Adjusted Ebit Beats Estimates
- BP/ LN : Shell Australia to Sell Stake in Browse Gas Project to BP
- CA FP : *CARREFOUR: CONTINUATION SHARE BUYBACK FOR MAX. AMOUNT OF €800M
- DBK GY : Deutsche Bank Plans to Expand Investment Bank Advisory Team: FT
- DSM NA : DSM 1Q Adjusted Ebitda EU278M Vs. EU367M Y/y
- ENEL IM : Frontis Urges Enel Shareholders to Reject Government’s Slate
- ENGI FP ; TCC’s NHOA to Propose Raising EU250m Via Converts or Rights
- ENX FP : SIX Swiss Exchange Expands Offering to Aid the Buy Side
- RE US : Everest Re 1Q Operating EPS Misses Estimates
- XOM US : Guyana to Pump 30% More Oil Than Exxon’s Forecast, Goldman Says
- EXO NA : Agnelli’s Exor Looking for More Luxury Acquisitions: Miss Tweed
- GEBN SW : Geberit 1Q Ebitda Beats Estimates
- GLEN LN : Teck Gets Court’s Approval for Multiple Voting Rights Sunset
- HSBA LN : HSBC 1Q Pretax Profit Beats Estimates
- IPCO SS : Intl Petroleum 1Q Net Income $39.6M Vs. $80.8M Y/y
- ISEE US : Astellas to Pay $40/Share in Cash for Iveric Bio: M&A Snapshot
- BAER SW : Julius Baer Names Ex-UBS Exec Aline Pacheco as SEAsia Team Head
- 1813 HK : KWG Misses Payments, Triggers 31.2B Yuan of Cross Defaults --> -22.3% in HK
- LAND SW : Landis + Gyr FY Adjusted Ebitda Beats Estimates
- LOGN SW : Logitech 4Q Adjusted EPS Beats Estimates
- MC FP : Armed Robbers Raid Bulgari Jewelry Store in Paris
- MEDCL FP : Teva, MedinCell Say FDA Approves Uzedy for Schizophrenia
- MBG GY : German-China Decoupling an ‘Illusion,’ Mercedes CEO Tells Bild
- NTI NO : Norsk Titanium Seeks to Raise Up to $45m in Private Placement
- PSH NA : Pershing Square Holdings April Net Performance +0.6%
- RWAY IM : Rai Way Board Appoints Roberto Cecatto as CEO
- REP SM : Repsol Ends Sinopec Spat With $2.1 Billion Buyout of UK Venture
- RXL FP : Rexel Levers Are Critical for Margin as Volume, Price Risks Loom
- SL IM : Sanlorenzo Signs Binding Offer to Buy Duerre’s Majority Stake
- SBMO NA : SBM Offshore in Pact for Guyana FPSO With ExxonMobil Guyana
- SAE GY : Shop Apotheke 1Q Adjusted Ebitda EU8.76M Vs. Loss EU4.28M Y/y
- GLE FP : SocGen's 25% Cost of Equity, 0.3x Book Needs More Than 1Q Bounce
- SOW GY : Bain Builds Software AG Stake in Challenge to Silver Lake
- STM GY : Stabilus 2Q Adjusted Ebit Meets Estimates
- SDRY LN : Superdry in Talks for a £15m Cash Call: Sky News
- TTE FP : Total Chief Says Europe Listing Reason for Trading Discount: FT
- ULVR LN : Ben & Jerry’s Agrees to Terms of Union at Vermont Store
- VIV FP : Hollywood Writers Set to Strike As Talks With Studios Collapse

>>> US After Hours Summary: WWD +16.6%, ZI +5.5%, NXPI +4.2% up on earnings; BB

After Hours Summary: WWD +16.6%, ZI +5.5%, NXPI +4.2% up on earnings; BB +8.5% up on strategic review of its businesses; CHGG -32.3%, ANET -7.6%, SYK -5.3% down on earnings

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: WWD +16.6%, SFM +7.1%, SIBN +6.2%, FLS +5.9%, ZI +5.5%, TEX +5.3%, NXPI +4.2%, LEG +3.6%, VNOM +2.9%, AMRC +2.4%, TMDX +2.4%, SON +2.1%, PDM +1.8%, AMKR +1.5%, LSCC +1.1%, MSTR +1.1%, KIDS +1%, MSA +0.7%, AL +0.6%, MGM +0.6%, HOLX +0.4%, RIG +0.2%, CF +0.2%, NSA +0.1%, FCPT +0.1%, VICI +0.1%

Companies trading higher in after hours in reaction to news: BB +8.5% (considering strategic alternatives for its businesses), CHEF +3.8% (acquires Hardie's Fresh Foods and Greenlead Produce & Specialty Foods), EDIT +2.3% (study of SLEEK published), BOC +1.9% (increases ownership to 100% in 24th Street Asset Management), WTRG +1.6% (subsidiary acquires wastewater system), DDD +1% (acquiring Wematter), ADSE +0.4% (delaying filing 20-F), NOG +0.2% (increases dividend)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: CHGG -32.3%, ETWO -17.2%, CYH -12.9%, ANET -7.6%, MED -7.6%, CACC -6.8%, CNO -6.3%, AXNX -6.2%, SYK -5.3%, SGRY -4.2%, RE -3.5%, RMBS -2.7%, VRTX -1.7%, FANG -1.7%, ADUS -1.6%, JJSF -1%, CAR -0.9%, FMC -0.6%, VRNS -0.3%, SYM -0.3%, SBAC -0.1%, INST -0.1%, SCI -0.1%

Companies trading lower in after hours in reaction to news: TVTX -24.8% (topline primary efficacy results from Phase 3 DUPLEX study), MLTX -2.2% (files mixed shelf), CIFR -1.4% (announces April 2023 production), SPWR -0.9% (appoints new COO), TMUS -0.1% (files mixed shelf; files stock offering)

(ZH) ISM Manufacturing Screams Stagflation, Still Contracting With "Reigniting I

ISM Manufacturing Screams Stagflation, Still Contracting With "Reigniting Inflationary Pressures"

Following S&P Global's manufacturing survey's surprise jump in the flash data, the 50.4 print has dropped intra-month to 50.2 (still back in expansion)
  • S&P Global US Manufacturing final April print of 50.2, down from 50.4 flash, up from 49.2 in March - highest since Oct 2022
  • ISM US Manufacturing April print of 47.1, up from 46.3 prior (and betyer than the expected 46.8) - but still in contraction (sub-50).
Given the notable slide in the US macro surprise index
Source: Bloomberg
Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said:
US manufacturing output has regained some encouraging momentum at the start of the second quarter, having stabilised in March after four months of decline.
“While the upturn is in part linked to greatly improved supply chains, helping reduce backlogs of orders, April also saw a welcome upturn in new order inflows for the first time since last September.
“Although only modest, the rise in new orders hints at a tentative revival of demand, notably from consumers but there are also signs that fewer customers are deliberately winding down their inventory levels.
“The brightening demand picture was accompanied by a lifting of business confidence about the outlook and increased hiring. The downside was a reigniting of inflationary pressures, with a stronger order book encouraging more firms to pass through higher costs to customers.”
Economic activity in the manufacturing sector contracted in April for the sixth consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM Report.
“Of the six biggest manufacturing industries, two - Petroleum & Coal Products; and Transportation Equipment - registered growth in April."
New order rates remain sluggish as panelists remain concerned about when manufacturing growth will resume. Panelists’ comments registered a 1-to-1 ratio regarding optimism for future growth and continuing near-term demand declines. Supply chains are prepared and eager for growth, as panelists’ comments support reduced lead times for their more important purchases. Price instability remains and future demand is uncertain as companies continue to work down overdue deliveries and backlogs. Seventy-three percent of manufacturing gross domestic product (GDP) is contracting, up from 70 percent in March.
However, fewer industries contracted strongly; the proportion of manufacturing GDP with a composite PMI® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 12 percent in April, compared to 25 percent in March,” says Fiore.
Prices Paid back above 50...
Source: Bloomberg
So ISM screams stagflation - no growth and higher prices.

WSJ : Another Drug Captures Attention in the Fight Against Aging

Another Drug Captures Attention in the Fight Against Aging
Longevity seekers are captivated by a transplant drug called rapamycin, but many doctors are wary

A kidney transplant drug has become the latest fixation of people trying to fight aging.

Some people looking to extend their lifespan have for years turned to a decades-old diabetes drug, metformin. Now, rapamycin, an immunosuppressant medication, is capturing their attention because some aging researchers believe it holds more promise.

Rapamycin was originally approved by the U.S. Food and Drug Administration to prevent organ rejection in kidney transplant patients. Scientists have studied its potential to fight aging, too, and animal studies of rapamycin have yielded encouraging results, although there is little evidence of its longevity benefits in humans.

Rapamycin’s antiaging potential has attracted more off-label users in the last five years, especially among self-described “biohackers” who relish data-driven experiments to optimize health, according to aging researchers and longevity doctors. Yet its side effects can be serious, and most doctors are wary of prescribing it off-label.

Deepak Chopra, the 76-year-old alternative health and wellness author with millions of social media followers, is among rapamycin’s high-profile users. He says he has taken 6mg of the drug a week for the last year and a half as part of a longevity regimen that includes supplements and two hours of yoga a day.

Efforts to fight aging
Longevity research is challenging because it is hard to prove that one particular drug or action is responsible for extending a healthy lifespan, especially in humans, who live for decades. Some measures and medications initially yield promising results only to come up short later.

Recent studies have damped some of the enthusiasm among some biohackers and longevity researchers for the diabetes drug metformin. The more recent buzz around rapamycin has caught the eyes of biotechnology investors. Last year, Cambrian Bio, a clinical-stage biotech company, announced a licensing deal with pharmaceutical company Novartis AG aimed at identifying a compound with longevity benefits similar to those of rapamycin with fewer serious side effects.

Studies have suggested that rapamycin can extend the lifespan of yeast, worms and flies. Studies in mice, including by the National Institute on Aging’s Interventions Testing Program in 2009, have also shown an increase in lifespan.

Rapamycin is part of a group of drugs known as mTOR inhibitors. The drugs curb a cellular pathway that is responsible for cell growth in mammals. Aging researchers have found slowing down cell growth can help prevent chronic inflammation and spur autophagy, or the process of cleaning out damaged cells.

Autophagy naturally decreases with age, which can lead to a buildup of cellular “junk” that makes it harder for cells to repair themselves and work efficiently, says researcher Matt Kaeberlein, who co-directs the Dog Aging Project, a research project that includes a clinical trial on the effects of rapamycin in dogs.

Reducing inflammation and clearing away damaged cells could help prevent or delay the development of age-related disease such as cancer, researchers say.

Weighing the risks
Most doctors remain cautious.

Rapamycin’s FDA label warns users may become more susceptible to infection and the possible development of lymphoma, noting that only physicians who are experts in immunosuppressive therapy should prescribe it. Research on transplant patients, who often take higher, more frequent doses of the drug compared with those who take it for longevity, showed some of the most common side effects were high blood pressure and cholesterol levels, mouth ulcers, and the loss of kidney function.

That hasn’t thwarted the enthusiasm for the drug within the biohacking community and among some scientists who study aging, who say that taking a weekly dose of the drug—rather than daily, as most transplant patients do—may reduce negative side effects and even improve immune response.

Some doctors at longevity-focused clinics and telehealth apps say they are writing off-label prescriptions to patients. The drug, also called sirolimus, is sold by Pfizer Inc. under the brand name Rapamune and multiple drugmakers produce its generics. An off-label monthly supply of the drug can cost between around $150 for generics and about $1,000 for the brand-name product. Some are turning to digital pharmacies outside of the U.S. that sell the drug for much less.

A spokeswoman for Pfizer says the company doesn’t support off-label use of any of its medicines. The FDA says doctors are generally allowed to prescribe drugs for nonapproved uses if they think it makes sense. The agency doesn’t vouch for the safety or effectiveness of medications used off-label.

Interest from longevity-seekers
Robin Young, an AI and biotech entrepreneur, started experimenting with various doses of rapamycin about two years ago in an attempt to determine what would work best for him. At the highest dose he tried, 20mg a week, he recalls getting several bad sinus infections.

Now, Mr. Young, who is based between Singapore and the Pacific Northwest, takes a lower dose every few weeks and avoids taking it at all when he’s traveling because of the added stress to his body. He worries about potential side effects such as high cholesterol but says he feels compelled by the potential benefits around cancer prevention.

“I want to avoid these chronic diseases as much as possible,” says Mr. Young, 42, whose mother died of ovarian cancer when he was young.

Dr. Bradley Rosen, a physician who runs a longevity-focused practice in Los Angeles, says rapamycin is the drug patients ask about most often. Dr. Kaeberlein, the aging researcher, says he gets “contacted once a week by someone who’s a CEO or a major partner in a venture-capital fund because they’re taking it.”

Dr. Alan Green, who runs a longevity-focused practice in Queens, N.Y., says he has prescribed rapamycin off-label to more than 1,200 patients. The most common side effect he has observed is an increased risk of bacterial infections. He recommends patients not start taking the drug unless they have antibiotics on hand.

AgelessRx, a telemedicine platform that prescribes longevity treatments, is running a randomized controlled trial with 150 participants to study how taking rapamycin affects visceral fat, or fat stored deep around the organs, which tends to increase as people age.

Krister Kauppi, a systems developer and biohacker in Gothenburg, Sweden, says he has taken rapamycin for longevity for roughly three months, even as questions remain about its long-term effectiveness and safety.

“It’s still guesswork; we don’t know how well it will work on humans or not,” he says. “From a risk-benefit calculation perspective, I have decided that the benefits outweigh the risk.”