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U.S. consumers have filed a lawsuit to halt the proposed merger between Alaska Air Group Inc and Hawaiian Airlines, arguing that the consolidation could reduce competition and negatively impact consumer choices and prices.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:21 pm

MSOS

Hon. Ed Perlmutter discussed the challenges of progressing cannabis banking reforms through the Senate Banking Committee, highlighting the political and campaigning aspects involved.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:05 pm

MSOS

Lauren Niehaus discusses the current state of cannabis legalization, emphasizing the importance of a consistent message among organizations lobbying on the issue. The commentary suggests that legalization is not imminent, but the alignment among lobbying groups could play a crucial role in future developments.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:04 pm

CRLBF

MSOS

John Sullivan emphasized the importance of passing full-cannabis legalization as a significant legislative move. Sen. Schumer plans to submit the Cannabis Administration and Opportunity Act (CAOA) again this year, highlighting cannabis's societal benefits. Despite the President's reluctance towards cannabis, he has directed the HHS, FDA, and DEA to review cannabis-related policies, indicating momentum towards legalization.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:03 pm

MSOS

SPY

Senator Cory Gardner emphasized the importance of engagement and support in Congress for advancing cannabis legislation. He highlighted the need to demonstrate sufficient votes based on merit and to strategically navigate the legislative process.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:59 pm

CRLBF

MSOS

At Benzinga's Cannabis Capital Conference, Cresco Labs' EVP John Sullivan highlighted the changing perceptions towards cannabis over the last three years. He emphasized the need for continued advocacy to push legislators for further progress, acknowledging that cannabis often gets sidelined and Cresco Labs is not yet at the forefront of the industry.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:52 pm

MSOS

SPY

At Benzinga's Cannabis Capital Conference, Hon. Ed Perlmutter, a former member of Congress and partner at Holland & Knight, discussed the Obama administration's unpreparedness for the straight descheduling of cannabis. He mentioned ongoing efforts since then to address the issue.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:47 pm

FXI

SPY

U.S. Treasury Secretary Yellen announced plans to discuss illicit finance issues, including narcotics, with China. This move could have implications for international relations and financial markets.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:34 pm

GOLD

Barrick Gold's shares are trading lower following reports that Mali's ruling military junta is attempting to take control of the Loulo-Gounkoto mine, a significant asset for the company.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:00 pm

ABBV

The FDA has issued a warning about counterfeit versions of Botox found in multiple states, which have been administered to consumers. These counterfeits have led to adverse events, including hospitalizations. However, there is no indication that these events are linked to AbbVie's FDA-approved Botox.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:54 pm