Lean hogs rally as China exempts pork from additional tariffs on U.S. goods

Lean hog futures rallied on Friday following Beijing’s decision on Friday to exempt pork from additional tariffs on U.S. goods. China’s decision followed a spike in its pork prices, as the nation continues to struggle with the decimation of its hog population that continues to suffer from African swine fever. Futures prices for lean hogs in Chicago rallied on Thursday […]

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Cannabis companies have secret formulas to determine when the U.S. may allow pot sales

The two largest pot companies in the world have developed secret formulas that predict when the U.S. will legalize cannabis sales, or at least officially allow states to sell marijuana. Aurora Cannabis Inc. ACB, -9.24%ACB, -8.93% and Canopy Growth Corp. CGC, -3.18%WEED, -2.91% included a reference to the secret calculations in their most recent financial statements. The accounting tricks are necessary because […]

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Australia lowers Great Barrier Reef outlook to ‘very poor’

CANBERRA, Australia (AP) — The government agency that manages Australia’s Great Barrier Reef has downgraded its outlook for the corals’ condition from “poor” to “very poor” due to warming oceans. The Great Barrier Reef Marine Park Authority’s condition report, which is updated every five years, is the latest bad news for the 345,400 square kilometer (133,360 square miles) colorful coral […]

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Trump’s tariffs and bad weather take toll on U.S. farmers

U.S. stocks have now fallen for a third consecutive week, and registered this year’s biggest one-day fall this week, as President Trump’s tariff war with China has taken its toll on economies from Asia to Europe and the U.S., including the American farmer, but the White House is refusing to accept responsibility. “This is basically the Federal Reserve’s problem,” White […]

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Predicting what happens next in stocks will get trickier this fall when markets navigate a roller coaster of big events

Are you tired of being told to fasten your seat belt? The next few weeks are chock-full of big events that could spell heartburn for global financial markets. Investors will need a strong stomach to get through international trade disputes, Britain’s march toward Brexit, and more. But here’s a surprise: things just might start to look a little brighter as […]

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In ‘the marijuana ghetto’ at Davos, Canopy Growth found its American pot partner

The landmark deal between marijuana companies Acreage Holdings Inc. and Canopy Growth Corp. has its roots amid bunk beds inside a small, cramped house in Klosters, Switzerland. It was there, a short drive away from the World Economic Forum in Davos in January, that Canopy Growth CGC, -3.17%WEED, -2.91% co-Chief Executive Bruce Linton and Acreage ACRGF, -3.06% CEO Kevin Murphy laid the […]

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Canopy’s proposed U.S. deal is a boon for the U.S. cannabis sector, says this investor

Canopy Growth Corp.’s plan to acquire U.S. multistate operator Acreage Holdings Inc. as soon as cannabis is legalized in the U.S. has won the support of a U.S. private-equity firm that specializes in investments in the cannabis sector. Matt Hawkins, managing partner of Cresco Capital Partners LLC, said Thursday that the $3.4 billion proposed deal is the “most significant” as […]

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Tilray CEO says marijuana companies lied about how much pot they could grow

Tilray Inc. Chief Executive Brendan Kennedy said late Tuesday that the cannabis producer would have sold a lot more weed if growers in Canada hadn’t lied about how much pot they could actually grow. Tilray TLRY, +4.88%  reported quarterly earnings Tuesday afternoon, and sales continued to ramp slower than many investors expected. Kennedy said that while there was a widespread […]

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The group losing faith in a quick China trade resolution? The farmers drained by lost exports

Purdue University and futures exchange operator CME GroupCME, +1.31% asked farmers — among the groups hardest hit by China’s retaliation for U.S.-imposed tariffs that look set to increase once again — how confident they are that the Trump administration and Chinese delegates will reach a trade pact by July 1. The prevailing answer? Not very assured, as shown by this […]

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