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Yahoo BusinessJul 10, 2020
What A Biden Presidency Would Mean For Cannabis Stocks
Democratic challenger Joe Biden is ahead of incumbent Donald Trump by 10%, according to a new general election poll from Rasmussen Reports.While a potential Biden presidency could pose some challenges for investors, Cantor Fitzgerald analyst Pablo Zuanic said the Democratic platform is good news for U.S. cannabis stock investors.Full Federal LegalizationThe Biden campaign released a 100-page document outlining the Democratic Party platform this week, and Zuanic says there are multiple bullish takeaways for U.S. multi-state operators, or MSOs: 1. Democrats support full federal legalization of medical marijuana. 2. Democrats support individual states' decisions regarding the legality of recreational marijuana. 3. Democrats plan to decriminalize marijuana use and reschedule the drug federally.Zuanic said a Biden victory would go a long way in pushing this marijuana agenda forward, but control of the Senate will be key.For investors, the Democratic platform is bullish for Acreage Holdings Inc (OTC: ACRGF) given the structure of its contingent buyout deal with Canopy Growth Corp (NYSE: CGC), Zuanic explained.Canopy is likely better positioned to be an early winner in the U.S. market than its Canadian legal producer peers.In addition, if Democrats pass the STATES Act, Zuanic said it could open the floodgates for legalized cannabis banking services and alleviate and significantly improve the financial situation in the U.S. cannabis space.Finally, federal legalization of medical marijuana could likely trigger a wave of consolidati

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Stock Market Today: Gilead Gives Stocks a Booster Shot (Kiplinger)

Yahoo BusinessJul 10, 2020
Stock market news live updates: Gilead treatment feeds broad rally, tech stocks power Nasdaq to 4th record close this week
Stocks rose Friday, and the Nasdaq Composite hit yet another record high, after Gilead Sciences announced that its remdesivir treatment reduced the risk of death for Covid-19 patients, based on new data from the company.


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Here's what happened to the stock market on Friday (CNBC Finance)

MarketWatch MarketPulseJul 10, 2020
Stalled nomination of Judy Shelton for Fed gets new life as Senate Banking committee sets vote
The stalled nomination of Judy Shelton, President Donald Trump's controversial pick for the Federal Reserve, got a potential boost Friday when the Senate Banking Committee announced a July 21 vote on her nomination. Shelton's bid has languished since her confirmation hearing in February amid talk she didn't have enough committee support. Shelton, who was an informal Trump adviser during his presidential campaign, has been a long-time advocate for some form of tying the dollar's value to gold. She faces unanimous opposition from Democrats and some Republicans were on the fence. The committee will also vote on a second Trump Fed nominee, Christopher Waller, the director of research at the St. Louis Fed. Waller is expected to be confirmed easily.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJul 10, 2020
Market Snapshot: Dow rises at end of the week as investors take stock of coronavirus recovery
U.S. stocks trade mostly higher Friday.

MarketWatch MarketPulseJul 10, 2020
U.S. oil futures finish higher, paring their loss for the week
U.S. oil futures climbed Friday, reducing their losses for the week even as the spread of the coronavirus pandemic continued to threaten a recovery in the economy. Crude prices got a boost for the session, in part due to the "upbeat COVID-19 vaccine and treatment news" and a softer dollar, but U.S. benchmark prices remain "anchored below the $41 level and will likely struggle for any major moves" until after next week's OPEC Joint Ministerial Monitoring Committee meeting, said Edward Moya, senior market analyst at Oanda. "The demand outlook risks warrant a discussion for OPEC to consider extending production cuts into August," he said, in a note. August West Texas Intermediate oil rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange. For the week, prices based on the front-month contract fell by 0.2%, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Gold futures end lower for the session, but tally a 5th straight weekly gain (MarketWatch MarketPulse)

MarketWatch MarketPulseJul 10, 2020
Wheat futures poised for highest finish since April as USDA cuts forecast for global supplies
Wheat futures climbed Friday, on track to settle at their highest level since April, after the U.S. Department of Agriculture reduced its outlook for 2020/2021 global wheat supplies by 2.9 million tons to 1.066 billion and said "larger beginning stocks are more than offset by reduced production." In its monthly World Agricultural Supply and Demand Estimates report, the USDA also lowered its global ending stocks forecast by 1.3 million tons to 314.8 million but said that figure remained "record large," with China accounting for 51% of the total. September wheat rose 8 1/2 cents, or 1.6%, to $5.33 1/2 a bushel. A settlement around this level would be the highest for a most-active contract since April 23, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Motley FoolJul 10, 2020
Stock Market Soars Into the Weekend as Carnival Sees Strong Cruise Demand, United Inks Pilot Deal
The Nasdaq once again hit record levels.

MarketWatchJul 10, 2020
The cost of Biden's economic plan to the stock market is more than you might think
Higher taxes and more regulations would cut corporate profits.

Google Business NewsJul 10, 2020
Dow Jones Set To Post Weekly Gain; Netflix Stock Soars To New Highs - Investor's Business Daily
Dow Jones Set To Post Weekly Gain; Netflix Stock Soars To New Highs  Investor's Business DailyDow jumps 360 points on virus treatment hope, Netflix leads Nasdaq to another record  CNBCS&P 500 opens little changed around 3,150  FXStreetGoldbugs Take Center Stage in Markets, but the Real Show Is With Energy  The Wall Street JournalNasdaq Hits Another New High, Led by Netflix  Investor's Business Daily

MarketWatch MarketPulseJul 10, 2020
American Airlines could cancel some Boeing orders: WSJ
American Airlines Group Inc. is threatening to cancel some orders of the Boeing Co. 737 Max jet due to financing troubles, The Wall Street Journal reports. American Airlines ordered 17 of the planes for delivery this year, but has struggled to secure the money to pay for them. With travel halted for many consumers due to the coronavirus, airlines and other companies in the travel industry have been under pressure. United Airlines Holdings Inc. announced this week that it could furlough 36,000 workers in October due to diminished demand. American Airlines stock stock has plummeted more than 60% for the year to date. Boeing shares are down 46.3%. And the Dow Jones Industrial Average has slumped 9.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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