CA - Wall Street Lunch: Reefer Gladness
2024-04-30 14:20:00 ET
Summary
- The DEA will reportedly reclassify cannabis as a less dangerous drug, potentially moving it from Schedule I to Schedule III.
- Cannabis stocks surged after the news, with companies like Tilray, Canopy Growth, and Aurora Cannabis seeing a 20% increase.
- Eli Lilly raised its outlook for revenue and shares rose, citing a strong performance in its weight loss drugs in Q1.
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The reported move falls short of legalizing recreation pot use. (0:16) Eli Lilly boosts outlook on weight loss drug performance. (1:01) Wage inflation comes in hot for Q1. (2:56)...
Wall Street Lunch: Reefer Gladness