Author: Press Room

Curaleaf (CURA) stock price has been in a strong bearish trend in the past few months as the cannabis sector’s hype evaporates. The shares plunged to a low of $3.30 on Thursday, meaning that they have fallen by over 85% from the all-time high in 2020. In the same period, the Global X Cannabis ETF (POTX) stock has crashed by over 90%. Perils of investing in hype In March, I wrote an article where I warned against the risks of investing in trending areas. At the time, I warned that most hyped artificial intelligence stocks like C3.ai and Guardforce AI…

AstraZeneca is the jewel in the FTSE 100’s crown. The pharmaceutical group now has a market capitalisation of £182bn. This places it firmly ahead of Shell, the index’s second-largest constituent, with a market cap of £161bn.This might be difficult to believe given oil’s well-documented resurgence in the wake of the war in Ukraine. But it is a testament to the power of both AstraZeneca’s pipeline and its existing portfolio of medicines. The company recently overtook Pfizer in market value terms — a significant milestone given that the US firm attempted a hostile takeover of its UK rival nine years ago.…

This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Greetings from New York. I have just returned from Boston, where the mighty Harvard University has been staging its inaugural Climate Action Week in recent days. As Jeremy Grantham, the investment luminary who has long shouted (or thundered) about the risks of climate change, observed in a panel that I moderated, Harvard has been lamentably slow to embrace these issues.…

Award-winning green web3 start-up ecoterra’s presale continues to fly, with sales of its native $ECOTERRA token having now surpassed $3.5 million as investors swoop in ahead of a 10% token price rise.Ecoterra is building an all-in-one $ECOTERRA-powered web3 ecosystem, designed to encourage recycling via its first-of-its-kind Recycle-to-Earn (R2E) system, facilitate trade in recycled materials and encourage individuals and businesses to offset their carbon footprint.And ecoterra just won an award for its contribution to the sustainable crypto ecosystem at this week’s Istanbul Blockchain summit.Ecoterra was a prominent sponsor of the event, which featured world-famous speakers like Microstrategy CEO Michael Saylor.  With ecoterra’s…

When the Covid-19 public health emergency expires in the United States on Thursday, the coronavirus will not disappear. But many of the data streams that have helped Americans monitor the virus will go dark.The Centers for Disease Control and Prevention will stop tabulating community levels of Covid-19 and will no longer require certain case information from hospitals or testing data from laboratories. And as free testing is curtailed, official case counts, which became less reliable as Americans shifted to at-home testing, may drift even further from reality.But experts who want to keep tabs on the virus will still have one…

A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York.John Smith | Corbis News | Getty ImagesCheck out the companies making the biggest moves midday:Peloton — The fitness platform operator saw shares drop 8.9% after the U.S. Consumer Product Safety Commission said it’s recalling more than 2 million bikes over concerns about seat breakages and related injuries. Peloton will offer free, updated seat posts to anyone using the recalled model.related investing newsAlphabet — Shares added 4.31% a day after Google unveiled new software and gadgets at its developer conference. The tech giant…

The union representing thousands of striking television and movie writers denied a waiver that Broadway officials had sought that would have allowed the Tony Awards ceremony to proceed with a live televised broadcast on its scheduled date of June 11, two people briefed on the decision said on Friday night.The denial by the union, the Writers Guild of America, described by people who were granted anonymity to disclose confidential discussions, is imperiling one of Broadway’s biggest nights — a key marketing opportunity that is even more crucial in the fragile post-shutdown theater economy. Industry leaders say that without the ability…

Michael J. Fox has suffered from a number of injuries as a result of his Parkinson’s disease, which he was diagnosed with in 1991 at age 29, the actor revealed in an interview with Variety this week. The 61-year-old “Back to the Future” star opened up about his battle with the disease, explaining the injuries he has gotten from losing his balance. The neurological disorder causes unintended stiffness, shakiness and difficulty with coordination, and worsens over time, according to the National Institutes of Health. “I broke this shoulder — had it replaced. I broke this elbow. I broke this hand. I…

LOS ANGELES — The reigning champion Golden State’s freewheeling, 3-point-centric style of play changed the N.B.A. and made Stephen Curry a household name. But on Friday night, the team couldn’t muster up one last overwhelming flurry of deep shots, bowing out to the Los Angeles Lakers in six games in the Western Conference semifinals.The Lakers won Game 6, 122-101.It was one of the most highly anticipated playoff matchups in years, pitting Curry against the Lakers star LeBron James for the first time since the 2018 N.B.A. finals, when James was on the Cleveland Cavaliers. But the series ultimately didn’t match…

Twitter is set on Wednesday to launch a service that lets users of the platform send encrypted messages, while the social media company also plans to add voice and video chat capabilities, according to CEO Elon Musk.In a tweet, Musk said the app’s latest update will include at least two new functions to the platform’s direct messaging, or DM, feature, in addition to introducing encryption for DMs. “The acid test is that I could not see your DMs even if there was a gun to my head,” wrote Musk, who owns Twitter. He added that the update enables users to reply to…