New York Gov. Andrew Cuomo’s three-year effort to legalize cannabis for adult recreational use appeared to have succeeded Thursday, amid reports of an agreement with lawmakers that could lead to a vote as soon as next week.
Lumentum Holdings Inc. appears to have lost its hard fought battle to buy laser technology company Coherent Inc. on Thursday, but investors are cheering like they won the war.
The supreme court of the European Union has been drawn into a German battle over whether Facebook’s broad collection of user data is in breach of competition rules, in a landmark challenge threatening the viability of the tech giant’s business model.
The U.K. and the European Union said on Wednesday they had begun talks to work toward a negotiated solution of their quarrel over the export of COVID-19 vaccines, in an attempt to avoid bans and countermeasures.
The independent federal government regulatory agency has sent letters to banks asking for information on their individual SPACs, or blank-check companies, Reuters reported.
Transportation Secretary Pete Buttigieg appears on Thursday before the House Transportation Committee for a discussion of the administration’s priorities for roads, bridges and other public works.
Abigail Disney, the granddaughter of animator Walt Disney and a member of a pro-tax group of millionaires, said she supported a proposal by Senate Budget Chairman Bernie Sanders to raise the tax on inherited wealth.
U.S. stocks tumbled into the close Wednesday, reversing earlier gains, even as investors focused on a sharp rebound in oil prices, slightly lower Treasury yields and a brighter outlook for the economy.
Gold prices settle higher Wednesday to notch their first gain in three sessions, supported by some safe-haven buying, amid developments in Europe that suggest a longer lockdown period due to a renewed spread of COVID-19.