Jodie Emery, editor-in-chief of Cannabis Culture, discusses the merger of Canadian companies Aurora Cannabis and CanniMed, creating the largest cannabis company in the world. The deal is valued at $6 billion.
We talk about other potential mergers on the horizon as Canada prepares for marijuana legalization this summer. Emery also discusses regulations the Canadian government could impose once prohibition ends.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the economic impact of interest rate hikes.
Amazon on Thursday reported stronger-than-expected revenue and profits for the first quarter, sending its stocks higher in after-hours trading. But its prices took a dip in the evening amid concerns about a continued slowdown in the company's profitable cloud computing unit AWS.
A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year.
