The difference between the wild valuations and stock moves in the nascent pot industry and those of the turn-of-the-century dot-com stocks (Pets.com, anyone?) is that cannabis "is a market that actually exists," said financier Terry Taouss of cannabis financing company Tidal Royalty.
Naz Aletaha, head of esports partnerships for Riot Games, said that the "priceless" experiences with new global sponsor Mastercard will start with the world championships in October, offering premium content and behind the scenes access to the biggest event for esports lovers.
Shares of Tilray, the Canadian cannabis company, popped 50 percent Wednesday after the DEA cleared the way for its cannabis imports as part of a clinical trial. Those trials are the backbone of Tilray's strategy, said Bethany Gomez, director of research at Brightfield Group. As more countries permit medical marijuana research, Tilray is putting itself in pole position.
The popular courier service recently secured $300 million worth of funding at a $1.2 billion valuation. Kristin Schaefer, SVP of finance and strategy at Postmates, said that the company is eyeing next year for an IPO.
Apple appears to have dodged a bullet with the latest round of tariffs on Chinese imports. But if the trade war continues, the risks to the company get more serious, said Tom Forte, senior research analyst at D.A. Davidson. Apple currently gets 20 percent of its revenue from China
Elon Musk and SpaceX announced the company's first private passenger, Japanese billionaire Yusaku Maezawa. Shannon Stirone, freelance science journalist, said that this is the first step to Musk's ultimate goal ー transporting people to Mars.
Shortly after Audi unveiled its first all-electric SUV, the company announced a collaboration with Amazon and that its home services division will install charging stations at owners' homes for around $1,000. Filip Brabec, VP of product management for Audi of America, said Amazon's vetting of electricians and its "hassle-free" approach is what prompted the partnership.
