Markets
Shoppers Drug Mart now selling medical cannabis online in Saskatchewan
Some thought the legalization of recreational cannabis would be the death of medical pot, but Boivin believes the opposite is true. If you're seeking the go-ahead for medical cannabis, Boivin says you can get authorization through a physician, or online through Telehealth (Cannabis by Shoppers) with a consultation-a service he says is great for rural Newfoundland. [Full Article...]
Oil rises as OPEC weighs deeper output cuts
However, the bulls manage to retain the 58 handle ahead of the key OPEC and its allies (OPEC+) meeting to discuss the supply cut policy. The so-called Opec+ group has been curbing output since 2017 to counter surging production from the United States, which is now the world's biggest oil producer. [Full Article...]
Saudi Aramco's bookrunners recommend IPO should be priced at top end
The deal would raise $25.6 billion if it prices at the top end, surpassing Chinese internet giant Alibaba Group Holding Ltd.'s $25 billion US share sale in 2014 as the largest IPO of all time, according to data compiled by Bloomberg. The bookbuilding process for allocating shares to institutional buyers - typically asset managers, insurers or pension funds - began on November 17 and investors have... [Full Article...]
Huawei moves to overturn 'unlawful' US subsidy ban
Huawei, which also filed a legal challenge against the U.S. government earlier this year, has argued that Washington has not provided the firm with an opportunity to raise an objection and that the decision-making process is unclear and lacks accountability. [Full Article...]
Ford and McDonald's are turning coffee waste into car parts
In recent years, as consumers become more concerned about plastic pollution and carbon emissions, companies have made sweeping commitments to reduce their impacts on the environment. "If you came to our lab, it looks somewhere between a landfill and a farm", Miewelski said. Collaboration builds on both companies' commitments to environmental stewardship CHICAGO and DEARBORN, Mich., Dec. [Full Article...]
Peloton Responds To Backlash Over Its Bike Ad
A woman gets a Peloton from her male partner, then video-journals a transformative year of riding the expensive stationary bike. "I'm a little nervous but excited", she says before her first session, but is soon informing him that she has worked out five days in a row. [Full Article...]
Accel Partners raises $550m for new India venture fund
Accel is one of the few VC firms which has delivered large cash exits including Flipkart , where it is estimated to have reaped close to $1.4 billion on a $100 million investment , besides smaller ones like Simility (acquired by Paypal for $120 million) and Qwikcilver (acquired by Pine Labs for $110 million) giving LPs, as investors in funds are known, consistent returns. [Full Article...]
British diver says Elon Musk tweet sentenced him to life without parole
Mr Musk said he had thought Mr Unsworth "was just some random creepy guy" and "unrelated to the rescue", and that he had not expected the tweet to be taken literally. He apologised for the tweet but insisted he was responding to an "unprovoked" insult from Mr Unsworth. In the second day of his testimony Mr Musk repeatedly insisted that his tweets were not meant to be taken seriously. [Full Article...]