markets

J. Edward Moreno2/24/25

Canadian weed companies fall after Germany elects cannabis-hostile chancellor

German voters elected conservative Friedrich Merz to be their next chancellor, a political shift that may threaten Canadian cannabis companies that have increasingly been focused on exports as growth in the domestic market plateaus.

Canadian cannabis companies like Tilray, Aurora Cannabis, and Canopy Growth export cannabis to countries in Europe where it is regulated. Merz has said that if elected, he would reverse cannabis legalization in Germany, the largest economy in Europe.

Cannabis stocks, particularly Tilray, fell on the first trading day since the election in Germany. Cannabis imports to Germany have swelled since they’ve been allowed in 2017, reaching 34.6 tons in 2023, according to data from the country’s Federal Institute for Drugs and Medical Devices.

Pardon the German, but you can see how much imports (in kilos) have been rising in the chart below.

Federal Institute for Drugs and Medical Devices

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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