Ian McKinnon
Pot stocks got high after reports Trump plans to reclassify marijuana. Cannabis stocks rallied yesterday after news outlets reported that President Trump plans to ease federal restrictions on marijuana. The Washington Post reported that the president was preparing an executive order that would facilitate moving marijuana from its current Schedule I status, which puts it in the same category as heroin and LSD, to a Schedule III substance, a group that includes Tylenol with codeine and some hormone treatments. Sources told CNBC the order could come Monday. While the change would not legalize weed, it would make it more available for research and allow cannabis companies to get more investment.
Executive order targets state AI laws. President Trump signed an executive order on Thursday that seeks to block AI regulation by individual states, saying it would create a single federal regulatory framework and keep the US at the forefront of the tech. The order authorizes the attorney general to sue over state AI restrictions and tells federal regulators to withhold funds for projects like broadband from states with such laws. The move was controversial, as Republicans had opted against including clauses barring state-level AI rules in recent legislation. And it may not even deter states from moving ahead with their rules, especially because the order is likely to face a court challenge.
Former Michigan football coach charged with crimes after firing. Ex-University of Michigan football coach Sherrone Moore was arraigned on three charges yesterday for crimes allegedly committed hours after the school fired him. Prosecutors charged Moore with felony third-degree home invasion, as well as stalking in a domestic relationship and breaking and entering, both misdemeanors. The university said Moore was fired because of his relationship with a woman who also worked for the school, and at the time he was fired, Moore had nearly $12.3 million remaining on his contract, according to ESPN. Prosecutors claim that after being terminated, he “barged his way” into the apartment of the woman—with whom he had been involved for “a number of years” before she broke up with him and informed the school, prompting his dismissal—and threatened to kill himself.—AR
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