Get a quick update on today’s TDR News! We’ve condensed the most important information about Cannabis, Psychedelics, Crypto and Miners, AI, Small Cap REITS and Large $$ Volume Mega Caps into a brief format, saving you time and keeping you informed as you start your day.
Recap of Friday
The TDR Comprehensive Cannabis Index increased by 4.2%, led by the TDR Integrated Cannabis Index. Meanwhile, the TDR Crypto Miners Index fell by over 3%, along with the TDR Small and Micro Cap REIT Index.
What’s Driving the Market Today?
The futures are up a bit this morning, here is what is in focus globally for stocks:
- Dollar dips on yen, yuan moves
- Tech sputters, indexes gain
- Rate cuts expected Q2
- Calm bond, rate markets
- US budget bill passed
Let’s examine the highlights from companies in the TDR Comprehensive Cannabis Index!
- MariMed (OTC:MRMD) launches Vibations, a new line of cannabis and electrolyte-infused drink mixes for enhanced focus and energy.
Cannabis News
- Senate Majority Leader Chuck Schumer steps up his advocacy for the marijuana banking bill, highlighting the urgent need for reform. Read all about it on the TDR Website!
Cannabis Policy Highlights from our Friends at Marijuana Moment:
- A California bill, SB 1264, proposes removing job protections for law enforcement workers regarding off-duty marijuana use.
- Nebraska lawmakers preliminarily approve a 100% tax on hemp and CBD products to fund property tax relief.
Psychedelic News:
- Indiana’s Governor signed a bill to fund psilocybin research for mental health treatment in veterans and first responders.
- An Illinois Senate committee discusses a bill to legalize psilocybin and create supervised service centers.
- A Massachusetts police lieutenant advocates for MDMA-assisted therapy for officers, suggesting it could address PTSD and improve policing issues.
Crypto and Crypto Miners:
- Binance to end USDC transactions on TRON due to Circle’s planned discontinuation, affecting only a small portion of its TRON holdings.
- Cathie Wood labels Bitcoin a “financial super highway” and retains a $1.5M price target, highlighting its significant potential in emerging markets.
- Anthony Scaramucci advises investors to hold onto their Bitcoin, emphasizing its potential growth and advising against selling despite volatility.
AI:
- Zoom launches Zoom Workplace, an AI-powered collaboration platform, to enhance teamwork and productivity with new AI Companion features, improving user experience in meetings, phone calls, and customer service.
- The Kari Lake deepfake video exemplifies the urgent need for awareness and regulation of AI in political campaigns. Read all about it on the TDR Website!
Big $ Volume Big Caps Highlights:
- Nvidia(NASDAQ:NVDA) emphasizes healthcare as a key revenue sector, unveiling AI tools for medical uses and partnerships to innovate in drug discovery and imaging.
- The EU initiates its first investigation under the Digital Markets Act against Apple, Alphabet, and Meta for potential non-compliance issues.
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