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After gapping open sharply higher, shares of Canopy Growth (CGC) have pulled back off their best levels but continue to see significant strength in afternoon trading on Wednesday.

The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc. (TSLA) regarding Chief Executive Elon Musk's tweet about taking the luxury electric car maker private. According to a report on Fox Business, SEC have now started a "formal investigation" into Elon Musk's tweet from last...

Rio Tinto PLC (RIO) is reportedly seeking to divest its Canadian iron-ore business for a possible consideration worth $6 billion. According to Sky News, the Anglo-Australian mining giant has begun courting potential bidders for its $6 billion Canadian iron-ore? operations as it seeks to take advantage...

Shares of PetIQ (PETQ) have moved substantially higher during trading on Wednesday, soaring by 18.7 percent. Earlier in the session, PetIQ reached a record intraday high.

constellationbrands-081518.jpg Brewer Constellation Brands Inc. will invest C$5 billion, or $4 billion, in Canadian cannabis company Canopy Growth Corp. as part of an expansion of the two companies' strategic partnership, the companies said Wednesday. Canopy Growth is Canada's largest medical marijuana producer. Shares of Canopy Growth are gaining more than 27 percent in the regular trading.

walmart-degeneres-081518.jpg Walmart Inc. said Wednesday it is partnering with Ellen DeGeneres to introduce a new women's fashion line as the retail giant focuses on broadening its fashion assortment to compete with Amazon.com Inc. and Target Corp. Ellen DeGeneres is a comedian, TV personality, style-icon and LGBT activist. She starred in the popular sitcom Ellen from 1994 to 1998.

Cabot Microelectronics Corp. (CCMP) said it has agreed to acquire KMG Chemicals, Inc. (KMG), a provider of specialty chemicals and performance materials, in a cash and stock transaction with a total enterprise value of about $1.6 billion. This is inclusive of KMG's net debt. Under the terms of the...

While reporting its second-quarter financial results today, department store chain Macy's, Inc. (M) raised its earnings and sales outlook for fiscal 2018. For fiscal 2018, Macy's now expects adjusted earnings per share of $3.95 to $4.15, excluding anticipated settlement charges related to the company's...

Tencent Holdings Limited (TCEHY.PK) reported second-quarter profit attributable to equity holders of RMB 17.87 billion, a decrease of 2% from prior year. The company said its profit slightly decreased mainly due to lower net other gains generated from investment related items compared to the same period...

Constellation Brands (STZ) announced the company will increase its ownership interest in Canopy Growth by acquiring 104.5 million shares directly from Canopy Growth, thereby achieving approximately 38 percent ownership when assuming exercise of the existing Constellation warrants. Constellation Brands...

Endo International plc (ENDP) announced the company is lifting a temporary stay of its litigation against the U.S. FDA. The company said the litigation seeks a declaration that FDA's "Interim Policy" on compounding using bulk drug substances under Section 503B of the Drug Quality and Security Act of...

Real estate developer Xinyuan Real Estate Co., Ltd. (XIN) said Wednesday it expects contract sales to be about $540 million for the third quarter of 2018. It also projects fiscal 2018 increase in contract sales of about 10 percent and an increase in consolidated net income of 15 to 20 percent over 2017. The...

Vestas Wind Systems A/S (VWDRY.PK) reported Wednesday that its first-half profit declined to 184 million euros from 186 million euros last year. EBIT decreased to 259 million euros from 279 million euros a year ago. The EBIT margin was 11.5 percent, compared to 12.6 percent in 2017. In the second...

Blackstone Group LP (BX) is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that's exploring options to raise cash, Bloomberg reported citing people familiar with the matter. The private equity firm has expressed interest in a deal that could value...

AstraZeneca plc (AZN.L, AZN) said that it priced a four tranche global bond offering totalling $3 billion. The offering is expected to close on 17 August 2018, subject to customary closing conditions. AstraZeneca said it expects to use the net proceeds of the issue for general corporate purposes,...

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