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Weed stocks soar after Trump reposts video touting CBD products as the “most important senior health initiative of the century”

Weed stocks are roaring out of the gate on Monday morning after President Donald Trump reposted a video from The Commonwealth Project detailing the benefits of hemp-derived CBD products for seniors as the “most important senior health initiative of the century.”

Canopy Growth, Tilray, SNDL Inc., and Cronos Group are all up between 10% and 20% as of 7 a.m. ET.

The clip says that hemp-derived CBD products offer relief from pain, inflammation, and cognitive decline faster than “dangerous and addictive” pharmaceuticals or tweaks to diet and lifestyle. This can “add years to your life,” per The Commonwealth Project, which bills itself as “working to prioritize the 65+ population by integrating medical cannabis into mainstream health care for seniors.”

The roughly three-minute-long video focuses on hemp-derived CBD products, but it also includes a clip from Fox News that claims annual cost savings to the US of nearly $64 billion per year if cannabis is fully integrated into the healthcare system.

Over the past couple of months, marijuana stocks have been powered by the potential for the Trump administration to reclassify marijuana as a less dangerous drug, which news reports and the president himself have suggested is under consideration.

The Commonwealth Project’s video hails the 2018 Farm Bill signed by Trump in his first term (which legalized hemp production at the federal level) as a “first step,” but also calls for Medicare coverage for CBD to “give millions of seniors the support they deserve.”

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J. Edward Moreno14m

Merus surges after Genmab says it will acquire it for $8 billion

Danish biotech Genmab announced on Monday that it will acquire cancer startup Merus in an all-cash deal worth about $8 billion.

Genmab is buying Merus for $97 per share, a roughly 40% premium over its closing price as of Friday. The deal was approved unanimously by both companies’ boards, Genmab said.

Merus’ experimental drug, petosemtamab, has shown encouraging results in mid-stage trials for metastatic head and neck cancer. The stock jumped more than 30% in premarket trading once the acquisition was announced.

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Matt Phillips22m

Oklo rises as Barclays initiates the stock at “overweight”

Trendy nuclear power stock Oklo received a bullish review from Wall Street on Monday, with Barclays analysts starting coverage of the stock at “overweight” — basically a “buy” rating — alongside a price target of $146, a more than 30% premium to Friday’s close.

The underlying rationale is, of course, the AI data center boom, which is already boosting electricity demand — and raising utility bills — and is projected to do so for years to come.

Shares were up 5.8% premarket. Before today, the stock had soared more than 50% over the past month, but that includes a bit of a retrenchment over the past few sessions.

As a maker of small modular nuclear reactors (SMRs), Oklo and similar companies like Nuscale are seen as providing a possible technology that can bridge the growing gap between supply and projected demand.

But this is all very speculative, as these companies are not actually producing much of anything at the moment besides outstanding stock market returns.

Barclays analysts note that Oklo’s business currently encompasses a series of “non-binding agreements with various customers, such as data centers, military outposts, etc,” and Wall Street forecasts annual losses for the company through 2028.

Barclays analysts write of the shares:

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Max Knoblauch58m

EA confirms it’s being taken private for $55 billion by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners

Electronic Arts, one of the largest video game makers in the US, confirmed this morning reports from Friday that it will be taken private by a group including Saudi Arabia’s wealth fund, along with private equity firms Silver Lake and Affinity Partners (founded by Jared Kushner).

The deal values EA at $55 billion, $5 billion more than early reports had indicated.

According to EA, the deal will “enable the Company to move faster and unlock new opportunities on a global stage.” It comes in a year that’s seen many large studios — including EA — perform layoffs, scrap games, and close subsidiary studios amid underwhelming sales and ballooning budgets.

EA Announces Agreement to be Acquired by PIF, Silver Lake, and Affinity Partners for $55 Billion

EA Announces Agreement to be Acquired by PIF, Silver Lake, and Affinity Partners for $55 Billion

According to EA, the deal will “enable the Company to move faster and unlock new opportunities on a global stage.” It comes in a year that’s seen many large studios — including EA — perform layoffs, scrap games, and close subsidiary studios amid underwhelming sales and ballooning budgets.

Nia Warfield, Luke Kawa

US stocks end a down week with a gain

An up day but a down week for the benchmark US stock index.

Cowboy Riding Bucking Steer

markets

Luke Kawa9/26/25

Crocs rises on new marketing campaign for HeyDude brand starring Sydney Sweeney

Sydney Sweeney has great... feet?

Shares of Crocs are rising after the footwear company’s HeyDude brand unveiled a new marketing effort starring actress Sydney Sweeney for its Austin Lift shoe line.

Sweeney’s controversial ad campaign for American Eagle spurred a massive jump in the denim maker’s shares, caught the attention of the president, and prompted “an uptick in customer awareness, engagement, and comparable sales,” per American Eagle’s management.

Sweeney was first announced as HeyDude’s global spokesperson in August 2024, and doesn’t seem to have given the brand a major boost so far.

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