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Regulatory

BABA

JD

LI

NIO

XPEV

NIO Inc. shares are trading lower due to a broader decline in U.S.-listed Chinese stocks, following disappointing economic stimulus measures from China. The Hang Seng Index fell over 9%, its worst since 2008, affecting stocks like NIO, Li Auto, XPeng, JD.com, and Alibaba.

Portfolio Pulse from Vaishali Prayag

October 08, 2024 | 3:46 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares fell 6.7% due to investor disappointment over China's lack of aggressive economic stimulus. The Hang Seng Index dropped over 9%, its worst since 2008, affecting U.S.-listed Chinese stocks. Baidu, reliant on China's economy, faces pressure as tech sector valuations decline.

Portfolio Pulse from Henry Khederian

October 08, 2024 | 3:42 pm

MSOS

Security Bank President and CEO Stephan Paul Antonacci highlighted that government profits more from operators' efforts than the operators themselves. This statement was made during a cannabis conference, potentially impacting the MSOS ETF, which is related to the cannabis sector.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:39 pm

MSOS

Neil Prasad, a partner at Marcum CPA, discusses the impact of 280E on settling prior tax debts, emphasizing the cash flows generated. This could affect companies in the cannabis sector, potentially impacting ETFs like MSOS.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:36 pm

GK

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, sees a massive investment opportunity in cannabis, especially with potential federal legalization. He highlights the AdvisorShares Gerber Kawasaki ETF (NYSE:GK) as a unique investment vehicle combining cannabis and Bitcoin exposure.

Portfolio Pulse from Adam Eckert

October 08, 2024 | 3:34 pm

MSOS

Benzinga's Cannabis Capital Conference is currently discussing the impact of the Federal Reserve on cannabis cash flow, focusing on macro-economic trends. The conference may mention MSOS, a cannabis ETF, in relation to these discussions.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:32 pm

MSOS

Chicago Atlantic's Managing Partner, Peter Sack, emphasizes the importance of having the best products and brands in the cultivation and wholesale cannabis sectors. This strategy is crucial for differentiation and will be applicable to the 280E tax code.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:29 pm

MSOS

VRNOF

Verano President Darren Weiss discusses the impact of rescheduling on retail dynamics and interstate commerce in the cannabis industry. He notes that while multi-state operators may want to run retail stores, rescheduling does not facilitate interstate commerce, making vertical integration in every market unnecessary.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:29 pm

GRAM

MSOS

Gold Flora CEO Laurie Holcomb discusses the potential positive impact of regulatory changes on smaller cannabis businesses, which have struggled to make money under current conditions.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:26 pm

MSOS

VRNOF

Verano President Darren Weiss expresses optimism about the momentum in cannabis law liberalization, highlighting public support and potential Congressional movement. He notes the challenges US companies face compared to Canadian counterparts and the significance of rescheduling.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:24 pm