Why National Marijuana Legalization Could Rest on California's Shoulders
The world has a new largest legal weed market in California. Cannabis Culture's Jodie Emery joins Cheddar to breakdown how the legalization rollout is going just one day into its implementation. She explains how the state is celebrating and if it's ready for the big change.
Despite all the headlines, California's streets aren't paved with green just yet. Emery explains why legal dispensaries will be slow to pop up around the Golden State. She also considers whether America's new cash crop might be taxed into oblivion.
Finally, the editor-in-chief places California in the context of the national legalization effort. She discusses just how much pressure the state finds itself under as a test case for other states. We look ahead to which other states might be next to follow in California's footsteps.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
