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The US Justice Department is expected to reclassify marijuana into a less restrictive federal category as soon as Wednesday, according to a person familiar with the matter.
Source
Bloomberg Markets
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Barbara Humpton, CEO of USA Rare Earth, joins Dani Burger on "Bloomberg Deals." USA Rare Earth agreed to acquire Brazil’s Serra Verde Group in a $2.8 billion cash-and-stock transaction, marking one of the largest deals in the rare-earths industry. (Source: Bloomberg)
The move, which could open up medical research on cannabis as well as banking services for growers, follows an executive order to reclassify the substance in December.
The White House on Tuesday said the UAE had not requested a currency swap line.
Rivian Automotive on Wednesday said it has started production of its new R2 all-electric vehicle for customers at its plant in Normal, Illinois.
