Month: September 2020

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Election News: The Cannabis Industry Could Be Election Day’s Biggest Winner

September 16, 2020 admin Comments Off on Election News: The Cannabis Industry Could Be Election Day’s Biggest Winner

Calendar pages are rapidly falling away to November 3.
And regardless of the presidential election’s outcome, one of the biggest winners that night could be a recession-resistant industry on the rebound.
American cannabis multistate operators (MSOs) have already enjoyed a sizable bounce from their early 2020 lows…

The U.S. Marijuana Index is up 140.7% from its March 18 bottom.
And this could merely be the first leg higher of a much larger rally.
Over the next couple of months, the U.S. cannabis market will be on the cusp of getting even bigger. And this November, election night results could send shares of American pot stocks …read more […]

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This Biotech Stock Moves One Step Closer to an Alzheimer’s Drug; Analyst Says ‘Buy’

September 16, 2020 admin Comments Off on This Biotech Stock Moves One Step Closer to an Alzheimer’s Drug; Analyst Says ‘Buy’

In the biotechnology world, clinical data readouts are make-or-break. Release favorable results, and rewards in the form of sky-high gains could be on tap, but if the data misses the mark, shares could also be catapulted, only in the opposite direction.Cassava Sciences (SAVA) is a prime example of the former. On Monday, the company published the final results from the Phase 2b study of sumifilam (PTI-125), its small molecule drug that targets an altered form of filamin A (FLNA), in mild-moderate Alzheimer’s disease (AD). The data demonstrated statistically significant improvements in biomarkers of disease and cognition. In response, shares rounded …read more […]

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As U.S. TikTok Ban Nears, Here’s What We Know About a Deal

September 16, 2020 admin Comments Off on As U.S. TikTok Ban Nears, Here’s What We Know About a Deal

(Bloomberg) — With just days to go until President Donald Trump’s ban on TikTok in the U.S. comes into effect, the race is on for the video-sharing app’s Chinese owner, ByteDance Ltd., to win approval for its plan to avoid a shutdown.Technology giant Oracle Corp. has emerged as the Beijing-based company’s chosen partner for a deal, beating out Microsoft Corp. But instead of an outright sale as ordered by Trump, the deal on the table affords Oracle only a minority stake in a company that will continue to be controlled by ByteDance. There’s still much to be decided before the …read more […]

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Republican Senators Send Letter To Trump Opposing TikTok-Oracle Deal

September 16, 2020 admin Comments Off on Republican Senators Send Letter To Trump Opposing TikTok-Oracle Deal

(Bloomberg) — A group of Republican senators sent a letter to the Trump administration Wednesday outlining their opposition to a proposed deal between Oracle Corp. and ByteDance Ltd. that would allow the Chinese company to maintain majority ownership of TikTok, despite an order by the U.S. president that the popular video app sever its ties to China on national security concerns.The lawmakers are trying to get ahead of a ruling expected this week by the Committee on Foreign Investment in the U.S., or Cfius, on a plan that includes Oracle as a “trusted technology partner.” TikTok sent a proposal to …read more […]

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Adelson Casino Hires Lawyer to Probe Transfers; Shares Fall

September 16, 2020 admin Comments Off on Adelson Casino Hires Lawyer to Probe Transfers; Shares Fall

(Bloomberg) — Las Vegas Sands Corp.’s Singapore casino has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties, according to people familiar with the matter.Davinder Singh Chambers LLC, which specializes in dispute resolution and international arbitration, was appointed after Singapore police began a probe of third-party transfers at Marina Bay Sands Ltd., said the people, who asked not to be identified discussing private matters.The review by one of Singapore’s best-known law firms adds to scrutiny of the casino by the U.S. Department of Justice and Singapore …read more […]