Week In Review: How Trump's Policies Moved Stocks- Saturday, Nov. 28

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:


On Monday, President Trump said via Twitter that, "I want to thank Emily Murphy at GSA [General Services Administrator] for her steadfast dedication and loyalty to our Country. She has been harassed, threatened, and abused - and I do not want to see this happen to her, her family, or employees of GSA. Our case STRONGLY continues, we will keep up the good fight, and I believe we will prevail! Nevertheless, in the best interest of our Country, I am recommending that Emily and her team do what needs to be done with regard to initial protocols, and have told my team to do the same."


Shares of cannabis stocks traded higher earlier this week after the Trump administration approved the start of the formal transition to President-elect Joe Biden. Biden's presidency could lead to more calls for decriminalization of marijuana, and several states recently legalized the use of recreational marijuana. Earlier this month, Canopy Growth (CGC) CEO David Klein told analysts on a conference call that, "We believe the Biden win is an important step on the path to federal permissibility of cannabis in the U.S. market through decriminalization and descheduling." Other publicly traded companies in the space include Aurora Cannabis (ACB), Tilray (TLRY) and Curaleaf (CURLF).

Subsequently, on Friday, Kyle Jaeger of Marijuana Moment reported, citing House Majority Leader Steny Hoyer, that a bill to federally legalize marijuana will get a full floor vote in the U.S. House of Representatives next week. The Democratic leader said the chamber will take up the Marijuana Opportunity, Reinvestment and Expungement, or MORE, Act between Wednesday and Friday, according to the report.

1 2
View single page >> |

Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at  more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.