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

6 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

6 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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US and European markets could be in dangerous bubbles, China's banking...

US and European markets could be in dangerous bubbles, China's banking regulator warns

Summary List Placement China's banking regulator said he is worried about "the bubble problem in foreign financial markets." Guo Shuqing said monetary policy had pushed US and... Read more ...

Global stocks drop as WHO says worldwide COVID-19 infections rose for the...

Global stocks drop as WHO says worldwide COVID-19 infections rose for the first time in 7 weeks

Summary List Placement Global stocks fell on Tuesday after the WHO issued a fresh COVID-19 warning. Some countries in Europe are seeing new measures imposed to contain rising... Read more ...

Humaans raises $5M seed to make it easier for companies to on-board and...

Humaans raises $5M seed to make it easier for companies to on-board and manage staff

Humaans , a London-based HR startup, has raised $5 million in seed funding to accelerate the development of its employee on-boarding and management platform. Backing the round... Read more ...

Asian stocks mixed after Wall St. rises

Asian stocks mixed after Wall St. rises

BEIJING - Asian stock markets were mixed Tuesday after Wall Street rose as a wave of investor concern about possible higher interest rates receded. Read more ...

As another stimulus package hangs in the balance, some programs like...

As another stimulus package hangs in the balance, some programs like unemployment benefits are set to expire by the end of March

Summary List Placement The House passed the $1.9 trillion stimulus bill over the weekend. The proposal now heads to the Senate in a race to approve the massive coronavirus... Read more ...

Shark Tank: The Pizza Cupcake Accepts $125,000 From Lori Greiner

Shark Tank: The Pizza Cupcake Accepts $125,000 From Lori Greiner

Skitterphoto / Pixabay Husband and wife, Michelle Jimenez and Andrea Meggiato, came to the Shark Tank showcasing their signature product, The Pizza Cupcake. Using their trade... Read more ...

Minimum wage hike all but dead in big COVID relief bill

Minimum wage hike all but dead in big COVID relief bill

WASHINGTON - Democrats' hopes of including a minimum wage increase in their $1.9 trillion COVID-19 relief bill seemed all but dead Monday as the Senate prepared to debate its... Read more ...

March 1 COVID-19 Test Results and Vaccinations

March 1 COVID-19 Test Results and Vaccinations

SPECIAL NOTE: The Covid Tracking Project will end daily updates on March 7th. From Bloomberg on vaccinations as of Mar 1st. "In the U.S., more Americans have now received at... Read more ...

Daily Crunch: Klarna valued at $31B

Daily Crunch: Klarna valued at $31B

A challenger bank raises funding at a massive valuation, Instagram adds Live Rooms and Google updates Workspace. This is your Daily Crunch for March 1, 2021. The big story... Read more ...

A Black manager at Amazon Web Services is suing her own employer, alleging...

A Black manager at Amazon Web Services is suing her own employer, alleging management fostered 'shocking racial insensitivity' and left her vulnerable to sexual assault

Summary List Placement A Black senior manager at Amazon's cloud unit filed a lawsuit against the company and three current or former executives on Monday, alleging racial and... Read more ...