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The sensation is a bit unnerving and invokes one of the laws of treehouse building: Heights you wouldn’t think twice about in a concrete structure suddenly become imposing when you’re on a branch. Taka, as everyone calls him — or sometimes Koba-san — is Japan’s best-known treehouse builder. He’s built treehouses for affluent Chinese clients and treehouses for preschools — draws for parents anxious about their children’s detachment from nature. The most modest of his structures, he says, is four square feet; the largest, about 270 square feet. He’s sometimes referred to as a “treehouse architect,” but he doesn’t care for the phrase — “architect” connotes not only degrees and building codes but other constraints, too, like permanence.
Persons: Takashi Kobayashi, He’s, preschools —, Organizations: CAN, Treehouse Creations Locations: Tokyo, Angkor Wat, Cambodia, Covid
CNN —The 1985 Domino’s Pizza delivery car looks more like it was designed to shoot down invading alien spacecraft than to bring you a hot delicious pepperoni pie. But back in the ’80s, Domino’s founder Tom Monaghan ordered 10 Tritan A2 cars and customized them with warming ovens in the back to deliver pizzas around Ann Arbor, Michigan, where Domino’s is headquartered. The Tritan A2 was designed by engineers James Amick and his son Douglas. Mecum Auctions did not provide a value estimate for the Tritan A2. Domino’s did not respond to questions about the Tritan A2.
Persons: Tom Monaghan, James Amick, Douglas, It’s, crosswinds, Douglas Amick, Chuck Sinnott, Sinnot, , Sinnott, , Domino’s, Dominos Organizations: CNN Locations: Ann Arbor , Michigan, Vegas, California, Monterey
Known as earthworks, they were shaped by indigenous peoples who lived in the area around 500 to 1,500 years ago. Many Amazonian earthworks that predate the arrival of European colonizers are revealed in deforested areas. Heckenberger, who was not involved in the study, has conducted research in the Brazilian Amazon since the 1990s, working with indigenous peoples of the Xingu region. These findings further demonstrate that the cultural heritage of indigenous peoples in the Americas and elsewhere is “remarkably dynamic and innovative,” he added. So the scientists also mapped 937 known earthworks, instructing the model to highlight locations for potential earthworks that shared similar topographic features with previously detected sites.
Persons: it’s, , Vinicius Peripato, Peripatos, Michael Heckenberger, ” Heckenberger, Peripato, ” Peripato, lidar, Dr, Juan Carlos Fernandez Diaz, ” Fernandez Diaz, , Mindy Weisberger Organizations: CNN, Brazil’s National Institute for Space Research, University of Florida, Brazilian Amazon, University of Houston, Scientific Locations: São Paulo, Brazilian, Americas, Brazil, Amazonia
CNN —This summer’s record-breaking marine heat wave may have been the “nail in the coffin” for an iconic species of coral that serves as a building block of marine life around Florida. They were also the first coral species to gain protected status under the Endangered Species Act, Jennifer Moore, a threatened coral expert for NOAA told CNN. Staghorn coral may have faired slightly better than elkhorn this summer, Williamson said, but still faces similar long term challenges. Scientists fear this summer's ocean heat was the "nail in the coffin" for elkhorn and staghorn species. “We are definitely looking at a major mortality event, we just won’t know the extent of it for a couple more months,” Moore told CNN.
Persons: , Liv Williamson, ” Williamson, Jennifer Moore, Moore, Williamson, ” Moore, Liv, , Organizations: CNN, University of Miami, NOAA Locations: Florida, Elkhorn, elkhorn, Caribbean, , Key Largo
Net sales for the three months ended Aug. 31 climbed 7% year-over-year, to $2.84 billion, ahead of Wall Street's expectations of $2.82 billion, according to Refinitiv. Quarterly results Beer sales climbed 12% year-over-year, to $2.4 billion. Those factors more than offset tailwinds of sales growth, positive pricing dynamics and efficiency gains. Modelo Especial remains the top brand share gainer and leading brand "in the entire U.S. beer category in dollar sales." The company expects "net sales growth and operating income growth of that business to ramp up through the remainder" of fiscal year 2024.
Persons: , Depletions, I'm, Bill Newlands, Newlands, Jim Cramer's, Jim Cramer, Jim, Susana Gonzalez Organizations: Constellation Brands, Constellation, Modelo Especial, Cinco de, Labor, Wall Street, Management, CNBC, Constellations Brands Inc, Grupo Modelo, Bloomberg, Getty Locations: Modelo, Corona, U.S, Cinco de Mayo, Zona Rosa, Mexico City
Production of the chocolate-making ingredient is expanding outside of the main growing area in West Africa as farmers in places such Brazil, Ecuador and Colombia see potential profit in the crop. The rally in prices to the highest level in nearly 50 years is boosting that trend, which could alleviate the current supply tightness in the global cocoa market. The country was once the second only to Ivory Coast in cocoa production, but a devastating fungus in the 1980's known as Witches' Broom sharply reduced production. "I believe that the new profile of cocoa production will be large-scale," said Moises Schmidt, one of the owners. "If you plant cocoa trees there (Amazon region), it is considered reforestation," said Douglas.
Persons: Schmidt Agricola, Moises Almeida Schmidt, Handout, Moises Schmidt, Jeroen Douglas, Douglas, Jose Garcia, IFAD's, Alvaro Lario, Marcelo Teixeira, Maytaal Angel, Simon Webb, Anna Driver Organizations: REUTERS, International Cocoa Organization, Reuters Graphics, Ivory, UN's, Fund for Agricultural Development, Thomson Locations: Bahia, Brazil, West Africa, Ecuador, Colombia, Africa, South America, Ivory, Ghana, Ivory Coast, Asia, United States, Europe, Guayaquil, Para, Netherlands, Medicilandia, New York, London
In volatile trading, the U.S.-listed shares of several cannabis firms rose immediately after the Senate vote. Investors expected it to exit the banking committee. An earlier version of the bill, the SAFE Banking Act, had failed to secure a Senate vote despite being passed seven times by the U.S House of Representatives. As a result, legal cannabis companies are denied access to financial services. To get it through the Senate banking committee is a major achievement," Boris Jordan, billionaire founder of Curaleaf Holdings, said in an interview.
Persons: Chris Wattie, Jesse Redmond, Redmond, We've, it's, Boris Jordan, Jordan, Chibuike Oguh, Suzanne McGee, Michelle Price, Lance Tupper, Bill Berkrot Organizations: Canopy Growth Corporation, REUTERS, U.S, U.S . Senate, Aurora, Cronos, SNDL Inc, Curaleaf Holdings, Tilray, Cannabis ETF, Cannabis, Tower Research, Investors, SAFE, Thomson Locations: Smiths Falls , Ontario, Canada, U.S, New York, Bengaluru
Bill Gates recently said that planting trees to address climate change is a "less proven" approach. Salesforce CEO Marc Benioff took offense, saying Gates went on an unnecessary "tirade." Salesforce CEO Marc Benioff, who has put $300 million toward planting trees to address climate change, took offense. "The one that we directly have in the most actionable form is more trees," Benioff said. While planting trees can help make a dent in the climate crisis and protecting existing forests is important, studies indicate that it's not enough to singularly solve climate change.
Persons: Bill Gates, Marc Benioff, Gates, Benioff, David Gelles, Gelles, He's, Elon Musk, Tesla Organizations: Service, New York Times, New, Elon Locations: New York
UNITED NATIONS (AP) — Inside, with speeches and machinations and carefully deployed elbows, those who administer the world persist in their search for the elusive path to peace. “Bring lasting peace,” said Pravind Jugnauth, prime minister of Mauritius. Malaysian Prime Minister Anwar Ibrahim spoke of “the imperative to make peace." In July, visiting Indian Prime Minister Narendra Modi used the North Lawn, adjacent to the wooded area, to perform yoga poses as part of his visit. But for one tranquil moment, for one brief respite from the world's most high-stakes conversations, that's more than sufficient.
Persons: , Said, Pravind Jugnauth, Anwar Ibrahim, Pendarovski, Siaosi Sovaleni, , Narendra Modi, Ukraine —, It's, Ted Anthony, General Assembly's Organizations: UNITED NATIONS, United Nations, Hall, New, Malaysian, Indian, , Associated Press Locations: Manhattan, New York City, Queens, United, Mauritius, North Macedonia, Tonga, India, Pakistan, Armenia, Azerbaijan, Russia, Ukraine, East
Julianne Moore’s Montauk Sanctuary
  + stars: | 2023-09-21 | by ( Nick Haramis | ) www.nytimes.com   time to read: +34 min
— HANYA YANAGIHARASpeak Softly In a wild meadow by the sea, Julianne Moore and Bart Freundlich’s Montauk house uses just a few materials to say many things. In Moore’s office, a Pierre Jeanneret desk and chair, an Alvar Aalto stool and a Willy Van Der Meeren cabinet. In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.
Persons: it’s, Mishan, there’s, , Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Alvar Aalto, Willy Van Der, Ori Gersht, she’s, ” It’s, , , Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Isamu Noguchi, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Mario Bellini, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, It’s, ‘ You’re, ’ ”, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, Lorna Simpson, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Cy Twombly’s, Ho, Huma Bhabha, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, , Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham Organizations: Manhattan’s, Yorkers, that’s, Hamptons, WHO, Writers Guild of America, SAG, , Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, N.Y, Summerhill, Long, Fort Pond, New York City, Pond, North Carolina, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, , California, Swiss, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago
Inside the Elaborate, Enviable Design of Three New York Homes
  + stars: | 2023-09-21 | by ( ) www.nytimes.com   time to read: +34 min
If You Can Make It Here Great design for a great city (New York, of course — where else?) In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. “She was eccentric, grand, but not afraid of making weird decisions about design.” In the living room, a 1975 Leonid Berman painting of the Venice Lagoon hangs between the French doors. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.
Persons: it’s, Mishan, there’s, , Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, , Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, , Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, It’s, Lorna Simpson, Mario Bellini, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Alvar Aalto, Cy Twombly’s, Ho, Huma Bhabha, Isamu Noguchi, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, , Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Willy Van Der, Ori Gersht, she’s, ” It’s, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, ‘ You’re, ’ ” Organizations: Manhattan’s, Yorkers, that’s, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain, Hamptons, WHO, Writers Guild of America, SAG, Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, N.Y, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago, North Carolina, California, Summerhill, Long, Fort Pond, New York City, Pond, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, , Swiss
A family in South Carolina said they spotted the missing F-35 flying almost inverted. They told NBC News they were celebrating a birthday when they saw the aircraft at about 100 feet. The family heard a "boom" later on, but assumed it may have been thunder, per NBC News. The Truluck family told NBC News they were celebrating their son's seventh birthday in Williamsburg County on Sunday when they saw the jet and then heard a "boom." AdvertisementAdvertisementWhen the family later heard a "boom," they assumed it was thunder, Adrian Truluck told NBC News.
Persons: Stephen Truluck, Adrian Truluck, Charlton Truluck, Randolph White, screech Organizations: NBC News, NBC, Service, Shaw Air Force Base, Courier, Corps, Marine Corps Locations: South Carolina, Wall, Silicon, Williamsburg County, Charleston, Williamsburg
Angel investors in the creator space range from industry experts to creators themselves. From Karat to Canopy, these angel investors are betting on creator-economy startups. Insider is highlighting 11 angel investors funding startups in the creator ecosystem. Typically high-net-worth individuals, angel investors can be crucial business partners for early-stage startups by providing capital, as well as mentorship and access to robust networks. For later-stage startups, big-name angel investors can help act as ambassadors and advisors.
Persons: Ludwig Ahgren, Nuseir Yassin Organizations: Karat, Nas Daily Locations: Nas
DES MOINES, Iowa (AP) — Hundreds of communities around the country will share more than $1 billion in federal money to help them plant and maintain trees under a federal program that is intended to reduce extreme heat, benefit health and improve access to nature. U.S. Department of Agriculture Secretary Tom Vilsack will announce the $1.13 billion in funding for 385 projects at an event Thursday morning in Cedar Rapids, Iowa. Cedar Rapids has made the restoration of its tree canopy a priority since that storm, called a derecho, and will receive $6 million in funding through the new grants. She told reporters earlier that many communities have lacked access to nature and that all the tree grants would benefit marginalized and underrepresented communities. “Urban forests can really play a key role in ensuring both that access but also increasing the climate resilience of communities, helping reduce extreme heat and making communities more livable.”The federal money comes from the Inflation Reduction Act.
Persons: Tom Vilsack, ” Vilsack, Brenda Mallory, ” Mallory Organizations: DES, U.S . Department of Agriculture, D.C, Virgin, White, Council, Environmental, Vilsack Locations: DES MOINES, Iowa, Cedar Rapids , Iowa, Washington, Puerto Rico, Cedar Rapids, Cedar, New York, Houston, Los Angeles, Tarpon Springs , Florida, Hutchinson , Kansas
A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie Acquire Licensing RightsSept 14 (Reuters) - Canada's Canopy Growth (WEED.TO) said on Thursday it would seek bankruptcy protection for its sports nutrition products' segment BioSteel, in the pot producer's latest attempt to rein in costs. Canopy's shares rose 9.6% in early trade after the company said it expects to lower debt by C$95 million over the next two quarters. Canopy first raised doubts about its ability to continue as a going concern in June and reiterated in August. Canopy had said in June it was facing an investigation from the U.S. Securities and Exchange Commission over the reporting of revenue from BioSteel.
Persons: Chris Wattie, Sourasis Bose, Shweta Agarwal, Shinjini, Shilpi Majumdar Organizations: REUTERS, U.S . Securities, Exchange Commission, Thomson Locations: Smiths Falls , Ontario, Canada, , Ontario, BioSteel, Bengaluru
An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Marijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest. It marked a swift turnaround for a quasi-legal industry curtailed by the anemic pace of federal reform. Last month's announcement also sent shares of several cannabis companies higher, including Canopy Growth, Tilray Brands and Cronos Group. At the time of the closure announcement, fund co-founder Morgan Paxhia told CNBC that it was not "immune to the broader macroeconomic environment and, more specifically, the dramatic shift in investor sentiment that has impacted the cannabis industry."
Persons: Canaccord, Matt Bottomley, Morgan Paxhia Organizations: Aurora Deutschland GmbH, U.S . Department of Health, Human Services, Dow Jones Industrial, Dow, Tilray Brands, Cronos Group, Marijuana, CNBC Locations: Leuna, Germany
A photo surfaced online showing a Russian Su-34 fighter-bomber covered in tires. The photo appeared just days after satellite images showed Russian bombers also covered in tires. The approach comes after drone strikes have bombarded Russian air bases, costing the country both bombers and airlift planes. In the photo, which Insider has been unable to independently verify, the Sukhoi Su-34 fighter-bomber, known to NATO as the Fullback, looks to be exposed in the open but is partially wrapped in a canopy. The image of the Su-34 is similar to satellite images of Tu-95 bombers and Tu-160 heavy bombers shared online last week.
Persons: aren't, Sukhoi Su Organizations: Service, Russian Air Force, Russian, NATO, Aviation, Ilyushin, Ukraine's, Directorate of Intelligence, Russia Locations: Russian, Wall, Silicon, Ukraine, Russia, Pskov, Soviet, Russia's
Millions of years ago, a simian ancestor of humanity decided to climb a tree. It may have been looking for a meal, escaping a predator or seeking a shady place to rest. Later, like anyone who has ascended high into a forest’s canopy, our relative discovered that getting down in one piece is less simple than it seems. Any human can relate to this, like climbing up a fireman’s pole, for example, is challenging,” said Nathaniel Dominy, an evolutionary biologist at Dartmouth. The researchers posit that this adaptation persisted even as early humans swapped out trees for grassland habitats, their versatile upper limbs now making it possible to forage, hunt and defend.
Persons: , Nathaniel Dominy, , Dominy Organizations: Dartmouth, Royal Society Open Science
Thousands without power after Typhoon Haikui batters Taiwan
  + stars: | 2023-09-04 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A collapsed canopy is seen at a parking lot as Typhoon Haikui approaches, in Hualien, Taiwan September 3, 2023, in this screengrab taken from a video provided by CTI. Haikui made landfall in the mountainous and sparsely populated far southeast of Taiwan on Sunday afternoon, the first typhoon to directly hit Taiwan in four years. Counties and cities across southern, eastern and central Taiwan cancelled classes and declared a day off for workers on Monday. Haikui is much weaker than Typhoon Saola, which hit Hong Kong and the southern Chinese province of Guangdong on Saturday. As of Monday morning, Haikui had started to enter the Taiwan Strait and head towards China, Taiwan's Central Weather Bureau said.
Persons: Haikui, Taipower, chipmaker, Saola, Ben Blanchard, Yimou Lee, Liz Lee, Tom Hogue Organizations: CTI, REUTERS Acquire, Rights, Sunday, Taiwan Semiconductor Manufacturing, Civil Aeronautics Administration, Weather Bureau, Thomson Locations: Hualien, Taiwan, Rights TAIPEI, State, Taitung, Counties, Taipei, Hong Kong, Chinese, Guangdong, Taiwan Strait, China, Fujian, Beijing
On a recent Sunday, Oliver Hernandez jumped out of the van driven by his partner. The mom-and-pop shops along Fifth Avenue in Sunset Park, Brooklyn, were shuttered. A few folding tables were chained to street signs. A chair was tucked behind a gate. “Most vendors come at 8.”From the back of the van, he started pulling out buckets of flowers, then his backpack, a chair, a table, a canopy and pots of palm trees.
Persons: Oliver Hernandez, Mr, Hernandez Locations: Sunset Park , Brooklyn
Shares of cannabis firms Cronos Group (CRON.TO), OrganiGram Holdings (OGI.TO), Aurora Cannabis (ACB.TO), Canopy Growth (WEED.TO) jumped between 6% and 25%. Verano Holdings (VRNO.CD), Green Thumb Industries (GTII.CD), Cresco Labs (CL.CD) and Curaleaf Holdings (CURA.CD) and Goodness Growth (GDNS.CD) rose between 15% and 37%. "Certainly moving cannabis off of Schedule 1 is the right decision and long overdue. The firm held investments in cannabis retailer and producer Green Thumb, and cannabis data platform Flowhub, according to its website. Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: cagey, Ty Collin, Patrick Rea, Green, Arunima Kumar, Sriraj Organizations: Cronos Group, OrganiGram Holdings, Verano Holdings, Green Thumb Industries, Cresco Labs, Curaleaf Holdings, Cannabis ETF, U.S . Department of Health, Human Services, Drug Enforcement Agency, Banking, Poseidon Garden Ventures, Thomson Locations: U.S, Aurora, Bengaluru
Jeenah Moon | Bloomberg | Getty ImagesThis week, the Department of Health and Human Services asked the Drug Enforcement Agency to consider easing restrictions on marijuana upon a review of its classification under the Controlled Substances Act. It could be a significant catalyst for an industry hemmed in by federal regulations even as legalization picks up on the state level. Marijuana is legal in 39 states medically and 23 states recreationally. If marijuana moves down to a Schedule III substance, this will effectively ease a number of restrictions holding the sector back. While many states have legal markets within their borders, transporting Schedule I substances across state lines in illegal, resulting in a glut of marijuana in some states.
Persons: What's, Roth, Scott Fortune, Fortune, Jeff Schultz, Foley Hoag Organizations: ACB, Housing, Cannabis Co, Bloomberg, Getty, Department of Health, Human Services, Drug Enforcement Agency, Aurora, Tilray Brands, DEA, Marijuana, HHS, Regulators, Internal Revenue Locations: New York
Salesforce — The cloud software company saw its stock jump 3% after it announced quarterly results and guidance that surpassed Wall Street's expectations. Dollar General — The discount retail chain plunged 12.2% Thursday after reporting second-quarter earnings per share of $2.13, which was lower than the StreetAccount consensus estimate of $2.47. Ciena — The network equipment stock surged nearly 16% after topping Wall Street's fiscal third-quarter earnings expectations on the top and bottom lines. Okta — Okta shares surged 13.5% after the access management company topped analysts' second-quarter earnings expectation and issued a strong full-year outlook. Victoria's Secret — The intimate apparel stock popped nearly 7% even after missing second-quarter earnings expectations on both the top and bottom lines.
Persons: Salesforce, Marc Benioff, CrowdStrike, Ciena, Morgan Stanley, Shopify, StreetAccount, Chewy, UGI, Raymond James, , Macheel, Sarah Min, Yun Li, Alex Harring, Michelle Fox, Pia Singh, Jesse Pound Organizations: Aphria Inc, U.S . Department of Health, Human Services, Tilray Brands, Cronos, Revenue, Technologies, Arista Networks, Citi, Refinitiv, StreetAccount, Signet, UBS — U.S, Suisse Locations: Leamington , Ontario, Switzerland
Check out the companies making the biggest moves before the bell:Dollar General — The discount retailer tumbled 15.3% after reporting second-quarter earnings per share of $2.13, missing the StreetAccount consensus estimate of $2.47. Revenue also missed, coming in at $9.80 billion versus the $9.93 billion expected. Campbell Soup — Shares added about 1% after the company reported revenue of $2.07 billion, beating the $2.06 billion expected from analysts polled by Refinitiv. Second-quarter adjusted earnings per share came in at 31 cents, versus the 22 cents expected from analysts polled by Refinitiv. However, its revenue guidance for the third quarter of $2.74 billion to $2.76 billion fell short of the $2.79 billion expected from analysts, per StreetAccount.
Persons: Campbell, Shopify, Morgan Stanley, Salesforce, Goldman Sachs, Cronos, Tilray, Okta, SkyWest, Raymond James, Refinitiv, , Jesse Pound, Alex Harring Organizations: Revenue, Refinitiv, UBS — U.S, UBS, Cronos, Tilray, U.S . Department of Health, Human Services, Arista Networks, Citi, Arista, postmarket Locations: Austin , Texas, Swiss
REUTERS/Tom Brenner/Pool/File Photo Acquire Licensing RightsAug 30 (Reuters) - The U.S. Department of Health and Human Services (HHS) has recommended easing restrictions on marijuana, a department spokesperson said on Wednesday, following a review request from the Biden Administration last year. Nearly 40 U.S. states have legalized marijuana use in some form, but it remains completely illegal in some states and at the federal level. The scheduling recommendation for marijuana was provided to the Drug Enforcement Agency (DEA) on Tuesday as part of President Biden's directive to HHS, the spokesperson said. "As part of this process, HHS conducted a scientific and medical evaluation for consideration by DEA. DEA will now initiate its review," a DEA spokesperson said.
Persons: Rachel Levine, Tom Brenner, Biden, Biden's, Karine Jean, Pierre said, Cannabis, George Archos, Sourasis Bose, Mrinalika Roy, Shilpi Majumdar, Shounak Dasgupta, Shailesh Organizations: Department of Health, Human Services, Health, Education, Labor, Capitol, REUTERS, U.S . Department of Health, Drug Enforcement Agency, HHS, DEA, Marijuana, Department of Justice, House Press, Tilray Brands, Cronos, Verano Holdings, Thomson Locations: Washington , U.S, U.S, United States, Canada, North America, Bengaluru
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