Category: Cannabis

Bayer shares up 1.8% trade after U.S. Roundup rule

WallStreetReview
Bayer shares up 1.8% trade after U.S. Roundup rule
FILE PHOTO: The so-called ‘Chempark’, the main plant and headquarters of German pharmaceutical and chemical maker Bayer AG is pictured along the river Rhine in Leverkusen, Germany, July 3, 2019. REUTERS/Thilo Schmuelgen/File Photo FRANKFURT (Reuters) – Shares in German chemicals company Bayer (BAYGn.DE) rose 1.8% in early trade on Tuesday after a U.S. judge slashed a damages award Bayer owes... Read More

Bayer shares up 2.8% in early Frankfurt trade after U.S. Roundup rule

WallStreetReview
Bayer shares up 2.8% in early Frankfurt trade after U.S. Roundup rule
FILE PHOTO: The so-called ‘Chempark’, the main plant and headquarters of German pharmaceutical and chemical maker Bayer AG is pictured along the river Rhine in Leverkusen, Germany, July 3, 2019. REUTERS/Thilo Schmuelgen/File Photo FRANKFURT (Reuters) – Shares in German chemicals company Bayer (BAYGn.DE) rose 2.8% in early trading in Frankfurt on Tuesday after a U.S. judge slashed a damages award... Read More

U.S. judge slashes Roundup jury award to $25.3 million; Bayer still plans to appeal

WallStreetReview
U.S. judge slashes Roundup jury award to $25.3 million; Bayer still plans to appeal
(Reuters) – A federal judge on Monday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to $25.27 million from $80.27 million, while rejecting the company’s bid for a new trial. FILE PHOTO: A logo of Bayer AG is pictured at the so called ‘Chempark’, the main plant and headquarters of... Read More

Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources

WallStreetReview
Exclusive: Germany’s Bayer seeks animal health merger with Elanco – sources
FRANKFURT/LONDON (Reuters) – Bayer (BAYGn.DE) has approached U.S. drug firm Elanco Animal Health (ELAN.N) to discuss a possible combination of their pet-health businesses to create an industry giant, three sources familiar with the matter told Reuters. A logo of Bayer AG is pictured at the so called ‘Chempark’, the main plant and headquarters of German pharmaceutical and chemical maker Bayer... Read More

Weed leader Canopy Growth ousts co-CEO Bruce Linton

WallStreetReview
Weed leader Canopy Growth ousts co-CEO Bruce Linton
(Reuters) – Canada’s Canopy Growth Corp (WEED.TO) (CGC.N) fired founder and co-Chief Executive Officer Bruce Linton, a surprise move that comes just a week after the weed producer’s largest shareholder expressed disappointment over its loss-making streak. FILE PHOTO: Bruce Linton, Founder and Co-CEO of Canopy Growth, speaks to CNBC on the floor of the New York Stock Exchange (NYSE) in... Read More

Kroger to start selling cannabis-based products

WallStreetReview
Kroger to start selling cannabis-based products
FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein (Reuters) – Kroger Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the demand for cannabidiol (CBD) products. The Ohio, Cincinnati-based company will sell products containing hemp-derived... Read More

Uber and Lyft to turn the wheels on car ownership: industry experts

WallStreetReview
Uber and Lyft to turn the wheels on car ownership: industry experts
TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15,... Read More

Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source

WallStreetReview
Canopy Growth nearing deal to buy U.S.-based pot company Acreage Holdings: source
(Reuters) – Canadian marijuana producer Canopy Growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings, a source familiar with the matter told Reuters on Wednesday. FILE PHOTO: A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 . REUTERS/Chris Wattie/File Photo The deal is expected... Read More