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The first US cannabis ETF surpassed $1 billion in AUM in its first 6 months of trading

2 days ago   |   By Business Insider

Summary List Placement
The AdvisorShares Pure US Cannabis ETF has surpassed $1 billion in AUM in just six months.
The fund was the first US ETF to focus solely on American cannabis companies and multi-state operations.
The ETF has returned 110% since its inception.
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The AdvisorShares Pure US Cannabis ETF has surpassed $1 billion in assets under management, according to a company statement released Tuesday.
The ETF, which trades under the ticker MSOS, launched on September 2, 2020 and has grown from $2.5 million in...
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Estée Lauder just agreed to acquire Deciem, maker of The Ordinary, valuing the company at $2.2 billion. The deal is part of the cosmetic giant's growth strategy in the evolving beauty landscape

Estée Lauder just agreed to acquire Deciem, maker of The Ordinary, valuing the company at $2.2 billion. The deal is part of the cosmetic giant's growth strategy in the evolving beauty landscape

2 days ago   |   By Business Insider

Summary List Placement Estée Lauder is acquiring the company behind skincare brand The Ordinary, though the deal is anything but.
The cosmetics giant will acquire a 76% stake in Deciem, which owns the brand, building on Lauder's existing 29% stake in the business, WWD reported Tuesday. When it closes, the deal will become the largest in Estée Lauder's history, valuing Deciem at $2.2 billion, WWD said.
Deciem's sales almost doubled in 2020 to $460 million, a feat it accomplished selling mostly low-priced skincare items through The Ordinary brand such as toner, serums, and concealer. Many of...
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Arkansas Senate votes to refund virus fines to businesses

Arkansas Senate votes to refund virus fines to businesses

LITTLE ROCK, Ark. - The Arkansas Senate on Thursday voted to refund the fines the state has collected from some businesses for violating coronavirus restrictions, as Gov. Asa... Read more ...

TikTok To Pay $92 Million To Settle Class-Action Suit Over 'Theft' Of...

TikTok To Pay $92 Million To Settle Class-Action Suit Over 'Theft' Of Personal Data

The proposed settlement applies to 89 million TikTok users in the U.S. whose personal data was allegedly tracked and sold to advertisers in violation of state and federal law. Read more ...

February 25 COVID-19 Test Results and Vaccinations

February 25 COVID-19 Test Results and Vaccinations

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Mitch McConnell says he would vote for Trump again days after saying he was...

Mitch McConnell says he would vote for Trump again days after saying he was 'practically and morally responsible' for the deadly insurrection

Summary List Placement Senate Minority Leader Mitch McConnell said Thursday that he would back Donald Trump if he were the Republican Party's nominee for president again. He... Read more ...

AT&T spinning off DirecTV after losing millions of customers

AT&T spinning off DirecTV after losing millions of customers

AT&T is spinning off its DirecTV into a new company for a fraction of the $48.5 billion it paid for the satellite TV service in 2015. DirecTV has lost millions of customers on... Read more ...

Mr. Potato Head brand goes gender neutral, sort of

Mr. Potato Head brand goes gender neutral, sort of

NEW YORK - Hasbro created confusion on Thursday when it removed the gender from its Mr. Potato Head brand, but not from the actual toy. Read more ...

Q4 GDP Growth Revised Higher to 4.1%

Q4 GDP Growth Revised Higher to 4.1%

The GameStop saga returned to the market yesterday and today. At 2:30 pm yesterday, GameStop was going for just under $50 per share. At 4 pm, the stock closed at $91.71. This... Read more ...

Moderna climbs as 4th-quarter sales blow past expectations and 2021...

Moderna climbs as 4th-quarter sales blow past expectations and 2021 forecasts surge

Summary List Placement Shares of Moderna soared as high as 10% on Thursday after the biotech company revealed fourth-quarter sales that were more than double Wall Street... Read more ...

Amazon's reshuffle continues: the exec who helped put Alexa everywhere is...

Amazon's reshuffle continues: the exec who helped put Alexa everywhere is now head of Fire TV and the new gaming service

Summary List Placement Daniel Rausch, Amazon's smart home boss for the last four years, has found a new role within the company as the lead for Fire TV, Appstore, and the Luna... Read more ...

Tech rout pulls Nasdaq down 3.5%, biggest loss since October

Tech rout pulls Nasdaq down 3.5%, biggest loss since October

A rout in technology companies pulled the Nasdaq down 3.5% Thursday, the biggest loss for the tech-heavy index since last October. The S&P 500 gave up 2.4% and the Dow Jones... Read more ...