rgbspace/iStock via Getty Images Canopy Growth ( CGC ) and other cannabis stocks rallied yesterday on news from the Trump administration that cannabis rescheduling may happen soon. MSOS ( MSOS ), the US cannabis ETF, gained nearly 20% over the day. Canopy Growth’s stock price increased 17% over the day. The price has gained 25.5% since I covered the company last February on Seeking Alpha . The sto...
rgbspace/iStock via Getty Images Canopy Growth ( CGC ) and other cannabis stocks rallied yesterday on news from the Trump administration that cannabis rescheduling may happen soon. MSOS ( MSOS ), the US cannabis ETF, gained nearly 20% over the day. Canopy Growth’s stock price increased 17% over the day. The price has gained 25.5% since I covered the company last February on Seeking Alpha . The stock price trades below its book value per share. I continue my rating of a Hold. There is higher risk, and the rating may change at the end of May when Canopy Growth releases its Q4-2026 results. News on Rescheduling Last December, Trump signed an EO to accelerate the process of reclassifying cannabis to a Schedule III drug. The actual rescheduling did not occur, and it is unknown whether the process was accelerated because there were no updates. Last Saturday, while signing an EO to boost research into psychedelics for the treatment of mental illness, the president commented that the process of rescheduling cannabis needed to be completed and said that the Department of Justice was “slow-walking” the process. Yesterday, April 22 nd , Axios released a story that claimed that the process would be completed soon. Axios claimed that the source of the news was a White House administration official “familiar with the matter.” This news led to the current rally, but there are still a few unknowns. The news on Wednesday was that it could happen as soon as this week. It is unclear whether the next step would be a new administrative hearing on cannabis led by the DEA or if the attorney general, Todd Blanche, would simply reclassify it without a hearing. In April, a new pilot program began where Medicare will cover a certain amount of CBD and hemp products for its patients. It would seem beneficial that rescheduling be completed for this program to be fully successful. There has been speculation all month on social media that the process would be completed soon. Rescheduling cannabis ...
European companies are set to see earnings growth of only a “few percent” in the first quarter, according to Goldman Sachs Group Inc.’s senior European strategist, substantially weaker than double-digit expansion in the US. The contrast comes as investors weigh two competing narratives — strong performance in artificial intelligence and tech stocks, particularly chip companies, against concerns ab...
European companies are set to see earnings growth of only a “few percent” in the first quarter, according to Goldman Sachs Group Inc.’s senior European strategist, substantially weaker than double-digit expansion in the US. The contrast comes as investors weigh two competing narratives — strong performance in artificial intelligence and tech stocks, particularly chip companies, against concerns about geopolitical tensions involving Iran and higher energy prices, Sharon Bell told Bloomberg TV on Thursday. While US stocks have returned to records because “the AI story absolutely does offset those concerns,” Europe has less tech exposure to counter geopolitical risks, Bell said. Much of Europe’s earnings growth is skewed toward banks and energy, the strategist noted. Bell also highlighted challenges for European companies in passing on higher costs to consumers. While some businesses with strong brands or strategic advantages can maintain margins, many European firms are already struggling. Those conditions were evident in mixed results Thursday from European consumer-led bellwethers. Nestle SA shares rallied on strong demand for snacks and coffee , while brewer Heineken NV fell after reporting larger-than-expected volume declines. UK grocer J Sainsbury Plc warned that profit could drop due to consumer uncertainty and costs associated with the Middle East conflict. Fierce Rotation and Short Squeeze Are Not Done Yet: Taking Stock The TACO That Ate Market Strategy: John Authers Before the European Bell is a new wrap with all you need to know before the market opens, published at 7:30am CET. Click here to subscribe. The Week in Review is a look at everything that happened in European stocks through the week, including earnings, sector moves, macro drivers, policy factors and more, published every Friday. Click here to subscribe. This story was produced with the assistance of Bloomberg Automation.
Hong Kong’s unemployment rate fell by 0.1 percentage point to 3.7 per cent in the first quarter, marking a second consecutive decline across rolling three-month periods. The Census and Statistics Department said on Thursday the jobless rate stood at 3.7 per cent for January to March, down from 3.8 per cent in the preceding period from December to February. The underemployment rate also edged down ...
Hong Kong’s unemployment rate fell by 0.1 percentage point to 3.7 per cent in the first quarter, marking a second consecutive decline across rolling three-month periods. The Census and Statistics Department said on Thursday the jobless rate stood at 3.7 per cent for January to March, down from 3.8 per cent in the preceding period from December to February. The underemployment rate also edged down by 0.1 percentage point, from 1.7 per cent to 1.6 per cent over the same periods. The accommodation...
Singapore ordered Internet service providers to block six foreign-linked, fake websites posing as local news sites as they could be used to carry out disinformation activities. The websites masqueraded as Singapore domains, carrying local news features and text, and were linked to networks used for misinformation, the Infocomm Media Development Authority and Ministry of Home Affairs said in a stat...
Singapore ordered Internet service providers to block six foreign-linked, fake websites posing as local news sites as they could be used to carry out disinformation activities. The websites masqueraded as Singapore domains, carrying local news features and text, and were linked to networks used for misinformation, the Infocomm Media Development Authority and Ministry of Home Affairs said in a statement Thursday. “It is a common tactic for malicious foreign actors to build seemingly credible websites to attract a local following, and subsequently use these inauthentic websites to mount” hostile information campaigns, according to the statement. Most of the websites became active after Singapore announced it would hold a national election in May 2025. Singapore has sought to curb foreign attempts to influence its population and warned against external manipulation from “near and far .” The city-state last year said it would amend its foreign-interference law and in 2024 disabled access to 10 foreign-linked, inauthentic websites. The island has defended the need for such laws, saying it’s vulnerable to hostile information campaigns given that it is a financial hub with a multiethnic, international population.
Key PointsOpenAI may list shares on the U.S. stock market as early as the fourth quarter of 2026, but investors can get exposure to the AI startup today.
Key PointsOpenAI may list shares on the U.S. stock market as early as the fourth quarter of 2026, but investors can get exposure to the AI startup today.
Kara Nortman bets big on women’s sports, and it’s paying off. She is the co-owner of Angel City FC, an NWSL team with a $335 million valuation. She is also the managing partner of Monarch Collective, the first investment platform exclusively dedicated to women’s sports. Monarch Collective is now a $250 million fund with a stake in three NWSL teams and a European football club. In March, Monarch ac...
Kara Nortman bets big on women’s sports, and it’s paying off. She is the co-owner of Angel City FC, an NWSL team with a $335 million valuation. She is also the managing partner of Monarch Collective, the first investment platform exclusively dedicated to women’s sports. Monarch Collective is now a $250 million fund with a stake in three NWSL teams and a European football club. In March, Monarch acquired a minority stake in Cleveland’s WNBA expansion team, becoming the first private equity firm to invest in the league. In this episode of The Deal, Kara breaks down for Alex and Jason how Monarch became the first private equity firm approved to invest in the WNBA. She also explains why she considers this moment the “third inning” of women’s sports investment and why she is willing to waste time with the right people. Kara also breaks down her belief that the key to derisking women’s sports is putting butts in seats. (Source: Bloomberg)
A common hand gesture in a South Korean army recruitment poster has prompted scrutiny of a little-known cultural sensitivity in the country. In the poster, a female model in a combat uniform poses with her hand resting under her chin. All quite innocent – except her thumb and index finger form a shape that many South Koreans associate with man-hating, according to The Korea Herald. The finger pinc...
A common hand gesture in a South Korean army recruitment poster has prompted scrutiny of a little-known cultural sensitivity in the country. In the poster, a female model in a combat uniform poses with her hand resting under her chin. All quite innocent – except her thumb and index finger form a shape that many South Koreans associate with man-hating, according to The Korea Herald. The finger pinching gesture is known as the “Megalian hand”, after the radical South Korean feminist group that...
Maharashtra, India’s richest state, has begun preparations for an initial public offering of its power distribution utility, according to people familiar with the matter. Maharashtra State Electricity Distribution Co. is working with SBI Capital Co. and Deloitte on the proposed share sale that could raise anywhere between $500 million and $1 billion, the people said, asking not to be identified as...
Maharashtra, India’s richest state, has begun preparations for an initial public offering of its power distribution utility, according to people familiar with the matter. Maharashtra State Electricity Distribution Co. is working with SBI Capital Co. and Deloitte on the proposed share sale that could raise anywhere between $500 million and $1 billion, the people said, asking not to be identified as the information is private. SBI Capital and Deloitte are reviewing the company’s structure and balance sheet and will advise on IPO readiness, the people said. Once the framework is finalized, the company is expected to issue a request for proposals to appoint additional advisers and law firms, they added. The offering could include a mix of fresh shares and a stake sale, with a potential dilution of about 10% by state-governed MSEB Holding Co., the people said. Deliberations are ongoing, and key details such as the size and timing of the offering remain under discussion and could change, the people said. Representatives for MSEDCL, SBI Capital and Deloitte didn’t respond to requests for comments. MSEDCL’s IPO could become one of India’s first listings of a government-controlled electricity distribution utility, a potential test case for a long-pending overhaul of the industry. The state’s cabinet of ministers has approved a revamp of the company, including a plan for the government to take over about 330 billion rupees ($3.5 billion) of the utility’s liabilities, a move intended to strengthen its balance sheet before the IPO. In preparation for the deal, the company has started the process of splitting off its agriculture business, which is heavily dependent on government subsidies and has historically weighed on finances, according to Managing Director Lokesh Chandra. He declined to comment on the specifics of the IPO plan on the record. If completed, the listing would mark a rare capital markets debut by a state-owned power distribution company in India, a segment histo...
TAL Education press release ( TAL ): Q4 Non-GAAP EPADS of $0.45 beats by $0.29 . Revenue of $802.4M (+31.5% Y/Y) beats by $20.18M . Cash, cash equivalents and short-term investments totaled US$3,239.3 million as of February 28, 2026, compared to US$3,618.4 million as of February 28, 2025. Net cash used in operating activities for the fourth quarter of fiscal year 2026 was US$215.0 million. As of F...
TAL Education press release ( TAL ): Q4 Non-GAAP EPADS of $0.45 beats by $0.29 . Revenue of $802.4M (+31.5% Y/Y) beats by $20.18M . Cash, cash equivalents and short-term investments totaled US$3,239.3 million as of February 28, 2026, compared to US$3,618.4 million as of February 28, 2025. Net cash used in operating activities for the fourth quarter of fiscal year 2026 was US$215.0 million. As of February 28, 2026, the company's deferred revenue balance was US$882.2 million, compared to US$671.2 million as of February 28, 2025. Effective April 22, 2026, Mr. Mi Tian has stepped down as Chief Technology Officer and transitioned to Senior Vice President. Mr. Tian will focus on selected technology initiatives in his new capacity. More on TAL Education TAL Education: Device And Tutoring Businesses Have Good Prospects TAL Education Group (TAL) Q3 2026 Earnings Call Transcript Tal Education signals moderation in growth rate for H2 2026 amid strong AI-driven device engagement TAL Education Non-GAAP EPADS of $0.25 beats by $0.17, revenue of $770.2M beats by $4.17M Seeking Alpha’s Quant Rating on TAL Education