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British American Tobacco BATS, +0.40% BTI, -1.64% said Monday it invested an undisclosed sum for a non-controlling minority stake in German cannabis company Sanity Group GmbH. The cigarette maker said the investment in Sanity Group complements its research and development deal with Canada’s Organigram Holdings Inc. OGI, -0.06% announced in 2021. “Investing in Sanity Group […]
The first state visit of the Biden administration is slated to take place on Dec. 1 when French President Emmanuel Macron and his wife, Brigitte Macron, come to the U.S., said White House press secretary Karine Jean-Pierre during a briefing for reporters on Monday. “We work closely with France on the full range of global […]
Gold futures declined Monday, with prices for the most-active contract ending at their lowest since early April 2020. “Last week’s series of interest rate hikes by central banks had put gold under heavy near-term pressure and with no prospect of the banks changing course in the coming months, the medium-term outlook also looks gloomy for […]
Faraday Future Intelligent Electric Inc. FFIE, +12.52% stock rose more than 12% Monday following news the EV maker has reached an agreement with its largest shareholder to end a months-long governance dispute. The shareholder, FF Top, will dismiss its lawsuit against the company and its board of directors, the EV maker said. Chairperson Sue Swenson […]
Chevron Corp. CVX, -2.22% said Monday it was halting production at two platforms in the Gulf of Mexico ahead of Hurricane Ian, and that production at other Chevron facilities in the Gulf remained “at normal levels.” Chevron “will continue to closely monitor the storm and remains focused on the safety of our workforce, the integrity […]
Surging US Dollar Puts Pressure on Metals It’s been a tricky start to the week for the metals market. Gold prices were seen breaking down to new lows for the year across the European morning on Monday. However, this move was then seen reversing with price trading back up to roughly flat on the day, […]