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The Week In Cannabis: Aphria Earnings, Canopy's Distribution Deal, And A Big Conference

This was an exciting week for the cannabis industry, marked by the ninth edition of the Benzinga Cannabis Capital Conference.Benzinga’s last big cannabis event of 2020 took place virtually, featuring almost 100 speakers from all around the world. Read some of the key takeaways: * Do Cannabis Investors Need To Know About The Science Behind The Plant? * How Berner’s Cookies Preserves Cannabis Quality Across State Lines * Business Insights From Curaleaf’s Boris Jordan: ‘Go With Your First Instinct’ * Cannabis Experts Discuss Social Responsibility And Hiring Released PrisonersIn other news, Aphria Inc. (TSX: APHA) (NASDAQ: …read more […]

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Microsoft Says Long-Time Deals Executive Brown Leaving Company

(Bloomberg) — Microsoft Corp. said mergers and acquisitions chief Marc Brown is leaving the company after a more than two-decade stint working on deals ranging from LinkedIn to Nokia Oyj’s handset unit.Brown, vice president of corporate development, reported to Chief Financial Officer Amy Hood. Microsoft spokesman Frank Shaw on Friday confirmed Brown’s departure and declined to comment on a replacement. The company is still conducting a search for a senior business development executive to replace Peggy Johnson, who left in July to become chief executive officer at Magic Leap Inc.Brown most recently worked on Microsoft’s acquisition of video-game company ZeniMax …read more […]

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Revisiting Nio's Dream Run This Week

Nio Inc – ADR (NYSE: NIO), one of the best performers year-to-date period, had a strong run in its share price this week.The Chinese electric vehicle manufacturer is on the cusp of capitalizing on a slew of initiatives it has undertaken to push vehicle sales higher and bring about cost discipline.Nio In The Fast Lane: Nio, which ended last Friday at $21.47, rose 1.8% Monday to end the session at $21.85.After pulling back about 1% Tuesday and settling at $21.62, the stock jumped 22.6% Wednesday thanks to upbeat commentary by JP Morgan analyst Nick Lai.Lai predicated much …read more […]

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A Tale of 3 IPO Stocks; 2 to Buy and 1 to Avoid

Perhaps the most exciting aspect of the stock market is its dynamism. The trading environment is in a constant state of flux, whether it’s the daily shifts in price, the longer changes in market trends, or, most exciting for investors, the entry of new stocks into the game. IPOs have always attracted attention, for good reason – they introduce new players, add new variables, and open new opportunities.But not all IPOs are created equal. Some companies make instant waves while others slide by under the radar. Some companies just don’t impress investors, and fail to sell all the offered shares, …read more […]

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Most Investment Systems Won’t Work… But This Will

Early in my career on Wall Street, I made an astonishing discovery: The overwhelming majority of my colleagues – bright, educated, experienced and articulate – didn’t have the foggiest idea what they were talking about.
This only became obvious in retrospect, when I saw how their carefully constructed financial theories and investment forecasts turned to dust rather than generating any significant profits.
(You’d be surprised to learn how many investment “pros” lose a substantial percentage of their own money in the market each year.)
The truth is that there are limitless ways to take a beating in stocks – and only a few …read more […]

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CVS, Walgreens to administer COVID-19 vaccines to U.S. nursing homes – HHS

The U.S. government has signed agreements with pharmacy chains CVS Health Corp and Walgreens Boot Alliance to administer COVID-19 vaccines to residents of long-term care facilities whenever a safe and effective vaccine is authorized, the U.S. Department of Health and Human Services said on Friday. Under the partnership, residents and staff of all long-term care facilities like nursing homes, assisted living facilities, residential care homes and adult family homes across the country can get vaccinated at no out-of-pocket cost. Residents of long-term care facilities may be part of the prioritized groups for initial COVID-19 vaccination efforts until there are enough …read more […]