(MarijuanaMoment) The House Judiciary Committee has cleared the Marijuana Opportunity, Reinvestment, and Expungement Act, paving the way for national cannabis legalization. The bill, which was passed along party lines, received…
(BEA) Personal incomes in the US increased by $35.5 billion or 0.2% in August, reflecting rising staff compensation and social benefits by the government. Disposable personal income rose by 0.1%,…
(Merck) Merck and Ridgeback Biotherapeutics oral antiviral drug candidate Molnupiravir reduced the risk of Covid-19 hospitalizations or death by about 50% compared to a placebo. An interim Phase 3 study…
(CoinDesk) The US Federal Reserve Chair Jerome Powell said on Thursday that there was no intention to ban or limit cryptocurrencies. The Federal chair said that stablecoins were similar to…
(Eurostat) Annual inflation in the euro area is projected to have jumped by 3.4% in September, up from 3.0% in August. Inflation is the highest since September 2008, driven by…
(IHS Markit) UK’s manufacturing PMI eased to an expansion of 57.1 in September, lower than 60.3 posted in August. Fig: UK Manufacturing PMI The slowdowns in UK manufacturing were fueled…
(Bloomberg) Analysts are warning that persistent silicon metal shortage could keep prices elevated through summer, with the prices now up 300% in under two months. Fig: Silicon Metal Prices China…
(Li Auto) Li Auto Inc.’s deliveries in September 2021 reached 7,094 vehicles, an increase of 102.5% from the prior year. The jump was lower than 248.3% posted in August, as…
(NIO Inc) NIO Inc.’s deliveries for September 2021 hit a record 10,628 vehicles, up 125.7% year over year. The deliveries comprised 1,978 ES8s, 5,260 ES6s, and 3,390 EC6s. On a…
(IHS Markit) Eurozone Manufacturing PMI was 58.6 in September, the lowest since February and below a reading of 61.4 in August. Fig: Eurozone Manufacturing PMI The slower expansion in Eurozone…
(IHS Markit) Japan’s manufacturing PMI was 51.5 in September, a record low since February, down from 52.7 in August as the sector slowed down for the second straight time. Fig.…
(Department of Labor) US jobless claims rose by 11,000 to reach 362,000 in the week that ended September 25. The claims were higher than expected 335,000 as Delta variant slowed…