Canada’s Canopy Growth shares jump 11% on deal to develop industrial hemp farms in New York

Canopy Growth has been granted a license by New York State to process and produce hemp with the help of efforts by Governor Andrew Cuomo and U.S. Canopy Growth hopes to establish large-scale production capabilities focused on hemp extraction and product manufacturing within the United States. The company is currently evaluating a number of sites in the Southern Tier of New York, which will become one of its first extraction and processing facilities outside Canada. The move will also bring Canop


Canopy Growth has been granted a license by New York State to process and produce hemp with the help of efforts by Governor Andrew Cuomo and U.S. Canopy Growth hopes to establish large-scale production capabilities focused on hemp extraction and product manufacturing within the United States. The company is currently evaluating a number of sites in the Southern Tier of New York, which will become one of its first extraction and processing facilities outside Canada. The move will also bring Canop
Canada’s Canopy Growth shares jump 11% on deal to develop industrial hemp farms in New York Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: thomas franck, tom franck
Keywords: news, cnbc, companies, develop, company, cannabis, hemp, farms, southern, states, united, canopy, industrial, shares, york, jump, deal, tier, growth


Canada's Canopy Growth shares jump 11% on deal to develop industrial hemp farms in New York

Canopy Growth has been granted a license by New York State to process and produce hemp with the help of efforts by Governor Andrew Cuomo and U.S. Senator Charles Schumer.

Canopy Growth hopes to establish large-scale production capabilities focused on hemp extraction and product manufacturing within the United States. Depending on Board approval of a specific site, Canopy plans to invest between $100 million and $150 million in its New York operations, “capable of producing tons of hemp” on an annual basis.

The company is currently evaluating a number of sites in the Southern Tier of New York, which will become one of its first extraction and processing facilities outside Canada. Management hopes to announce the specific location within 100 days.

Canopy shares jumped 11 percent after the announcement and finished Monday’s session at $42.49.

The company said in a press release that Cuomo’s office helped create the Hemp Research Pilot Program, while Schumer’s was “instrumental” in the passage of the recent U.S. farm bill, that allows growers to produce hemp as an agricultural commodity.

Canopy Growth’s investment in the Southern Tier “is a true win-win for Canopy Growth, who will be positioned at the forefront of Upstate New York’s industrial hemp revolution, and for the Southern Tier’s economy and farmers, which will receive a major shot in the arm in new good-paying jobs,” Senator Schumer said in the release.

The company will source hemp exclusively from American farmers for its American operations once functional. The move will also bring Canopy closer to Constellation Brands, the brewing giant that owns Corona beer and which recently made a $4 billion strategic investment in the cannabis company.

Consumers are increasingly interested in CBD, a non-psychoactive compound found in hemp plants thought to help with a range of conditions, such as anxiety, sleep disorders and inflammation.

Recreational use of cannabis in Canada became legal Oct. 17, though each of the country’s 10 provinces will be able to regulate the market within their jurisdiction independent of Ottawa. Marijuana use is still illegal in the United States at the federal level, though many states have passed laws legalizing the use of cannabis for medical or recreational purposes.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: thomas franck, tom franck
Keywords: news, cnbc, companies, develop, company, cannabis, hemp, farms, southern, states, united, canopy, industrial, shares, york, jump, deal, tier, growth


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Researchers develop artificial fingerprints, claiming they could hack into a third of smartphones

Artificial fingerprints have been developed by researchers who say they could one day be used to hack into everyday devices. Researchers from New York University and Michigan State University successfully generated what they call “DeepMasterPrints” earlier this year. “There’s not enough space on the device, so they capture a partial fingerprint — which is not as secure as the full image. (People assume) the device stitches images of their fingerprint together, but that’s not really what happens


Artificial fingerprints have been developed by researchers who say they could one day be used to hack into everyday devices. Researchers from New York University and Michigan State University successfully generated what they call “DeepMasterPrints” earlier this year. “There’s not enough space on the device, so they capture a partial fingerprint — which is not as secure as the full image. (People assume) the device stitches images of their fingerprint together, but that’s not really what happens
Researchers develop artificial fingerprints, claiming they could hack into a third of smartphones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: chloe taylor, ktsdesign, science photo library, getty images
Keywords: news, cnbc, companies, hack, fingerprint, unlock, security, researchers, claiming, used, university, images, fingerprints, artificial, develop, partial, smartphones, device


Researchers develop artificial fingerprints, claiming they could hack into a third of smartphones

Artificial fingerprints have been developed by researchers who say they could one day be used to hack into everyday devices.

Researchers from New York University and Michigan State University successfully generated what they call “DeepMasterPrints” earlier this year. These are machine-learning methods that act as a kind of “masterkey” which, the researchers claim, have the potential to unlock around one in three fingerprint-protected smartphones.

In the paper released in October, the authors said synthetic fingerprints could be “used by an adversary to launch an attack … that can compromise the security of a fingerprint-based recognition system.”

Philip Bontrager, Aditi Roy, Julian Togelius, Nasir Memon and Arun Ross, the researchers behind the study, said the way fingerprints were recognized on smartphones and other devices was often problematic.

“Phones and many more devices don’t capture your entire fingerprint,” they told CNBC over the phone. “There’s not enough space on the device, so they capture a partial fingerprint — which is not as secure as the full image. (People assume) the device stitches images of their fingerprint together, but that’s not really what happens — it keeps sets of partial fingerprints.”

For each finger stored in place of a password, the device keeps multiple images. If someone then uses their finger to unlock that device, they only need to match one of the partial fingerprint images on its security system.

“If you store images for three of your fingers the device may keep around 30 partial fingerprints,” the researchers said. “With MasterPrints you just have to create a few — five or ten and I’m in business.”

They added that this could unlock a “reasonably large” number of phones — just under a third.

“If every fifth phone works it would be a profitable scam,” they said.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: chloe taylor, ktsdesign, science photo library, getty images
Keywords: news, cnbc, companies, hack, fingerprint, unlock, security, researchers, claiming, used, university, images, fingerprints, artificial, develop, partial, smartphones, device


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China’s Cosco and Abu Dhabi Ports develop Khalifa to support Belt and Road initiative

Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping Company (Cosco) Shipping Ports. The deal will allow Cosco to operate and develop a new container terminal in Khalifa Port to support trade flows expected from China’s 60-country-wide infrastructure project. The belt and road initiative is a vast project designed to link China with much of Asia, Europe the Middle East and Africa, and to increase Beijing’s political and trade influence


Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping Company (Cosco) Shipping Ports. The deal will allow Cosco to operate and develop a new container terminal in Khalifa Port to support trade flows expected from China’s 60-country-wide infrastructure project. The belt and road initiative is a vast project designed to link China with much of Asia, Europe the Middle East and Africa, and to increase Beijing’s political and trade influence
China’s Cosco and Abu Dhabi Ports develop Khalifa to support Belt and Road initiative Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: karen gilchrist, bloomberg, getty images
Keywords: news, cnbc, companies, khalifa, east, dhabi, serving, support, cosco, middle, road, initiative, trade, port, develop, ports, shipping, belt, chinas


China's Cosco and Abu Dhabi Ports develop Khalifa to support Belt and Road initiative

Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping Company (Cosco) Shipping Ports. The deal will allow Cosco to operate and develop a new container terminal in Khalifa Port to support trade flows expected from China’s 60-country-wide infrastructure project.

The belt and road initiative is a vast project designed to link China with much of Asia, Europe the Middle East and Africa, and to increase Beijing’s political and trade influence globally.

The port, which is situated halfway between Abu Dhabi and Dubai, now serves over 25 shipping lines and has links to 70 international destinations. Al Shamisi said that makes it a “strategic location” for trade, not only within the United Arab Emirates and the Middle East, but the wider ecosystem.

“It’s huge … We are not serving the Middle East per se, but we are serving the North Africa Indian subcontinent and we are transitioning point to all of these destinations,” said Al Shamisi.

“Having such infrastructure where the biggest ships can enter and use Khalifa Port as a hub, it will serve the one belt one road, and it’s actually the heart of the one belt one road,” he added.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: karen gilchrist, bloomberg, getty images
Keywords: news, cnbc, companies, khalifa, east, dhabi, serving, support, cosco, middle, road, initiative, trade, port, develop, ports, shipping, belt, chinas


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Putin threatens to develop more nukes in response to Trump ultimatum

Russian President Vladimir Putin upped the ante Wednesday by saying he is prepared to develop nuclear-tipped missiles if the U.S. withdraws from a Cold War-era arms agreement. Putin, in televised comments, said Moscow would develop midrange nuclear missiles, a weapon that is currently banned from U.S. and Russian arsenals under the Intermediate-Range Nuclear Forces, or INF, treaty. The INF treaty, signed in 1987 between President Ronald Reagan and Soviet leader Mikhail Gorbachev, prohibited the


Russian President Vladimir Putin upped the ante Wednesday by saying he is prepared to develop nuclear-tipped missiles if the U.S. withdraws from a Cold War-era arms agreement. Putin, in televised comments, said Moscow would develop midrange nuclear missiles, a weapon that is currently banned from U.S. and Russian arsenals under the Intermediate-Range Nuclear Forces, or INF, treaty. The INF treaty, signed in 1987 between President Ronald Reagan and Soviet leader Mikhail Gorbachev, prohibited the
Putin threatens to develop more nukes in response to Trump ultimatum Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: amanda macias, dursun aydemir, anadolu agency, getty images
Keywords: news, cnbc, companies, threatens, nuclear, russia, weapon, ultimatum, inf, response, arms, develop, trump, missiles, nukes, treaty, russian, pompeo, putin


Putin threatens to develop more nukes in response to Trump ultimatum

Russian President Vladimir Putin upped the ante Wednesday by saying he is prepared to develop nuclear-tipped missiles if the U.S. withdraws from a Cold War-era arms agreement.

Putin, in televised comments, said Moscow would develop midrange nuclear missiles, a weapon that is currently banned from U.S. and Russian arsenals under the Intermediate-Range Nuclear Forces, or INF, treaty.

The INF treaty, signed in 1987 between President Ronald Reagan and Soviet leader Mikhail Gorbachev, prohibited the development and deployment of ground-launched nuclear missiles with ranges of 310 miles to 3,420 miles.

President Donald Trump has promised to withdraw from that treaty, claiming Russia has been cheating. Secretary of State Mike Pompeo offered an ultimatum to Russia on Tuesday. The Russian leader suggested the U.S. was the one itching to escalate the arms race.

“Now it seems our American partners believe that the situation has changed so much that the United States must also have such a weapon. What’s our response? It’s simple: in that case we will also do this,” Putin said.

U.S. arms experts said the Kremlin needs to take responsibility.

“Russia’s violation is unacceptable and requires a firm U.S. and NATO diplomatic, economic and treaty-compliant military response strategy,” Kingston Reif, director of disarmament research at the Arms Control Association, told CNBC following Putin’s remarks.

“Russia’s had treaty-violating missiles for years, so they’re not fooling anybody by alleging that they’d have to start building treaty-violating missiles. It’s a transparent ploy to put the onus back on the U.S., but it won’t work,” said Thomas Karako, director of the Missile Defense Project at the Center for Strategic and International Studies.

Putin’s response came a day after Secretary of State Mike Pompeo cited material evidence that Russia has quietly added nuclear-tipped missiles that are currently banned by the INF treaty to its colossal arsenal.

Russia, Pompeo said, has developed “multiple battalions of the SSC-8 missiles,” a move that falls outside of the Cold War-era arms agreement.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: amanda macias, dursun aydemir, anadolu agency, getty images
Keywords: news, cnbc, companies, threatens, nuclear, russia, weapon, ultimatum, inf, response, arms, develop, trump, missiles, nukes, treaty, russian, pompeo, putin


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UK firm to develop 200 megawatts of solar power in southern Spain

The regional government of Andalusia has granted U.K.-firm Solarcentury permission to build four solar parks in the Spanish town of Alcala de Guadaira. In an announcement Tuesday, Solarcentury said that the projects would have an output of around 50 megawatts each and would generate enough electricity to power 105,000 homes. The business has developed and built over 1 gigawatts (GW) of solar to date, with a further 2.4 GW in the pipeline. Solarcentury’s projects represent the latest solar energy


The regional government of Andalusia has granted U.K.-firm Solarcentury permission to build four solar parks in the Spanish town of Alcala de Guadaira. In an announcement Tuesday, Solarcentury said that the projects would have an output of around 50 megawatts each and would generate enough electricity to power 105,000 homes. The business has developed and built over 1 gigawatts (GW) of solar to date, with a further 2.4 GW in the pipeline. Solarcentury’s projects represent the latest solar energy
UK firm to develop 200 megawatts of solar power in southern Spain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: anmar frangoul, nora carol photography, moment, getty images
Keywords: news, cnbc, companies, homes, projects, uk, solarcentury, solarcenturys, spanish, power, develop, photovoltaic, southern, gw, spain, solar, 200, firm, set, megawatts


UK firm to develop 200 megawatts of solar power in southern Spain

The regional government of Andalusia has granted U.K.-firm Solarcentury permission to build four solar parks in the Spanish town of Alcala de Guadaira.

In an announcement Tuesday, Solarcentury said that the projects would have an output of around 50 megawatts each and would generate enough electricity to power 105,000 homes. Construction is set to begin in April 2019 and is expected to last 12 months.

Founded in 1998, Solarcentury has a presence in Europe, Latin America and Africa. The business has developed and built over 1 gigawatts (GW) of solar to date, with a further 2.4 GW in the pipeline.

“We see these projects as a real win-win for the region,” Jose Miguel Ferrer, Solarcentury’s managing director for Iberia, said in a statement. “Not only generating clean renewable power for thousands of homes, they will have been built with no public subsidies, be a net generator of employment and environmentally friendly,” he added.

Around the world, the size of solar power facilities can range from smaller-sized projects such as Solarcentury’s to vast developments like China’s Tengger Desert Solar Park, which has a capacity of more than 1,500 MW.

Solarcentury’s projects represent the latest solar energy developments in the Spanish solar sector. In September, for instance, Enel Green Power Espana (EGPE) commenced construction of an 84.7-megawatt solar photovoltaic facility in Murcia, Spain. The Totona project will be made up of 248,000 photovoltaic modules and is set to begin operation in the third quarter of 2019, EGPE said.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: anmar frangoul, nora carol photography, moment, getty images
Keywords: news, cnbc, companies, homes, projects, uk, solarcentury, solarcenturys, spanish, power, develop, photovoltaic, southern, gw, spain, solar, 200, firm, set, megawatts


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The world’s 10 best countries for attracting top talent don’t include the US or UK

Whether you want to develop new skills, or fancy surrounding yourself with inspiring colleagues, you should cast your eye to Europe. That’s according to a new report from IMD Business School, which found that European countries do a better job of attracting and developing talented employees than most any other region in the world. The U.S. (12th), Australia (14th) and the U.K. (23rd) all failed to make the top spots in the list, which ranked 63 countries on their ability to develop, attract and


Whether you want to develop new skills, or fancy surrounding yourself with inspiring colleagues, you should cast your eye to Europe. That’s according to a new report from IMD Business School, which found that European countries do a better job of attracting and developing talented employees than most any other region in the world. The U.S. (12th), Australia (14th) and the U.K. (23rd) all failed to make the top spots in the list, which ranked 63 countries on their ability to develop, attract and
The world’s 10 best countries for attracting top talent don’t include the US or UK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: karen gilchrist, shanshihan, moment, getty images
Keywords: news, cnbc, companies, best, world, uk, countries, worldfor, talented, ranked, employees, worlds, attracting, list, talent, training, include, develop, dont


The world's 10 best countries for attracting top talent don't include the US or UK

Whether you want to develop new skills, or fancy surrounding yourself with inspiring colleagues, you should cast your eye to Europe.

That’s according to a new report from IMD Business School, which found that European countries do a better job of attracting and developing talented employees than most any other region in the world.

For the fifth year running, Switzerland secured the top spot in the World Talent Ranking, thanks to its heavy investment in education and training, as well as its appeal among international employees. It was followed in the list by Denmark, Norway, Austria and the Netherlands.

Canada, which ranked in sixth place, was the only non-European nation to make the top 10. It was joined by Finland, Sweden, Luxembourg and Germany.

The U.S. (12th), Australia (14th) and the U.K. (23rd) all failed to make the top spots in the list, which ranked 63 countries on their ability to develop, attract and retain talent.

Singapore (13th) emerged as the best country in Asia for talented employees, ahead of Hong Kong (18th).

China (39th), Indonesia (45th) and India (53rd) were among the other notable Asian countries.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: karen gilchrist, shanshihan, moment, getty images
Keywords: news, cnbc, companies, best, world, uk, countries, worldfor, talented, ranked, employees, worlds, attracting, list, talent, training, include, develop, dont


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To counter China, Australia plans $1.5 billion Pacific infrastructure fund

Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans. To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily thro


Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans. To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily thro
To counter China, Australia plans $1.5 billion Pacific infrastructure fund Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, 15, morrison, develop, fund, relations, infrastructure, billion, pacific, countries, australia, china, counter, plans


To counter China, Australia plans $1.5 billion Pacific infrastructure fund

Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region.

Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans.

China has spent $1.3 billion on confessional loans and gifts since 2011 to become the Pacific’s second-largest donor after Australia, stoking concern in the West that several tiny nations could end up overburdened and in debt to Beijing.

To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily through a new infrastructure fund.

“This $2 billion infrastructure initiative will significantly boost Australia’s support for infrastructure development in Pacific countries and Timor Leste,” according to a speech Morrison is due to deliver in the state of Queensland and seen by Reuters.

“It will invest in essential infrastructure such as telecommunications, energy, transport, water, and it will stretch our aid dollars further.”

Foreign policy analysts say Australia’s new infrastructure fund will test Australia’s already cool relations with China, its largest trading partner.

“This announcement will be a gauge of whether Australia can improve relations with Beijing while doing things that would have previously annoyed China,” said Nick Bisley, professor of international relations at Melbourne’s La Trobe University.

Ties between the two countries have been strained since Australia accused China of meddling in its domestic affairs late last year.

Australia’s Foreign Minister Marise Payne will on Thursday meet her Chinese counterpart in Beijing, the first visit by a senior Canberra in two years after bilateral relations soured.

Australia has already this year pledged to develop several infrastructure projects in the Pacific but it has been forced to raid its aid budget to fund the projects.

In May, Australia said it would spend about A$200 million to develop an undersea internet cables to Papua New Guinea (PNG) and the Solomon Islands amid national security concerns about China’s Huawei Technologies.

Earlier this month, Australia said it would help PNG develop a naval base, beating out China as a possible partner for the port development.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brendon thorne, bloomberg, getty images
Keywords: news, cnbc, companies, 15, morrison, develop, fund, relations, infrastructure, billion, pacific, countries, australia, china, counter, plans


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Russia having trouble building hypersonic weapon Putin hyped

he added, noting Moscow’s ambition to develop hypersonic weapons. Read more: Hypersonic weapons: What they are, and why the U.S. can’t defend against themA spokesman for the Pentagon expressed skepticism about Russia’s hypersonic development. The latest revelations come less than eight months after Putin touted his nation’s growing hypersonic arsenal as “invincible.” The hypersonic glide vehicle, dubbed Avangard, was one of the six weapons Putin presented in March. Putin claimed Avangard was cap


he added, noting Moscow’s ambition to develop hypersonic weapons. Read more: Hypersonic weapons: What they are, and why the U.S. can’t defend against themA spokesman for the Pentagon expressed skepticism about Russia’s hypersonic development. The latest revelations come less than eight months after Putin touted his nation’s growing hypersonic arsenal as “invincible.” The hypersonic glide vehicle, dubbed Avangard, was one of the six weapons Putin presented in March. Putin claimed Avangard was cap
Russia having trouble building hypersonic weapon Putin hyped Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: amanda macias, video screen grab, tass, getty images
Keywords: news, cnbc, companies, avangard, weapons, spokesman, run, russia, challenge, hypersonic, having, develop, trouble, speed, weapon, hyped, building, putin


Russia having trouble building hypersonic weapon Putin hyped

Russia expects the carbon fiber components to be produced within 12 months of selection and still expects to meet its 2020 deadline, according to the person.

“It’s intriguing that they continue to run into problems, because they’ve been flight-testing this system for a long time,” said Hans Kristensen, director of the Nuclear Information Project at the Federation of American Scientists.

“They’re running into the same problems that anyone else would run into if they would do this, and it gets back to the issue, of course, how important is this for Russia?” he added, noting Moscow’s ambition to develop hypersonic weapons.

Read more: Hypersonic weapons: What they are, and why the U.S. can’t defend against them

A spokesman for the Pentagon expressed skepticism about Russia’s hypersonic development.

“Obviously, Russian attempts to develop high-tech weaponry is something we watch closely. To this point, however, we’ve seen more grandiose claims of success than actual proof,” said Defense Department spokesman Eric Pahon. “We are continuing to develop our own defensive capabilities and improve readiness for both ourselves and our allies to counter any threats the Russians may develop.”

The latest revelations come less than eight months after Putin touted his nation’s growing hypersonic arsenal as “invincible.”

The hypersonic glide vehicle, dubbed Avangard, was one of the six weapons Putin presented in March. Avangard is designed to sit atop an intercontinental ballistic missile and uses aerodynamic forces to sail on top of the atmosphere.

Putin claimed Avangard was capable of reaching targets at a speed of 20 times the speed of sound and strikes “like a fireball.” He also said that the hypersonic warhead had already entered serial production.

“Certainly, heat management is a huge challenge; you know, you have this thing that is going through the atmosphere at very high speeds and potentially for a long period of time,” said James Acton, co-director of the Nuclear Policy Program at the Carnegie Endowment for International Peace.

“The longer you are in the atmosphere, the more heat you have to manage, and that’s been a huge challenge for the U.S. in hypersonics, and, in part, it’s really a material science challenge,” Acton added, noting the significant costs associated with testing and producing hypersonic weapons.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: amanda macias, video screen grab, tass, getty images
Keywords: news, cnbc, companies, avangard, weapons, spokesman, run, russia, challenge, hypersonic, having, develop, trouble, speed, weapon, hyped, building, putin


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Pot stocks jump after report says Coca-Cola and Aurora in talks to brew marijuana-infused drinks

Aurora Cannabis, a Vancouver, Canada-based cannabis producer, rallied more than 14 percent in early Canadian trading Monday after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages. Any partnership between the two would likely develop health-focused beverages aimed at easing inflammation, pain and cramping, the report said. Other companies with exposure to the cannabis market, including Tilray and Scotts Miracle-Gro, also gained on th


Aurora Cannabis, a Vancouver, Canada-based cannabis producer, rallied more than 14 percent in early Canadian trading Monday after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages. Any partnership between the two would likely develop health-focused beverages aimed at easing inflammation, pain and cramping, the report said. Other companies with exposure to the cannabis market, including Tilray and Scotts Miracle-Gro, also gained on th
Pot stocks jump after report says Coca-Cola and Aurora in talks to brew marijuana-infused drinks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-17  Authors: thomas franck, jason franson, bloomberg, getty images
Keywords: news, cnbc, companies, industry, talks, canadian, market, beverage, develop, jump, drinks, cocacola, brew, stocks, marijuanainfused, trading, pot, report, tilray, beverages, cannabis, aurora


Pot stocks jump after report says Coca-Cola and Aurora in talks to brew marijuana-infused drinks

Marijuana stocks soared Monday after a report yet another beverage giant is looking to get into the industry — and this time it was the biggest beverage company of them all.

Aurora Cannabis, a Vancouver, Canada-based cannabis producer, rallied more than 14 percent in early Canadian trading Monday after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages. Any partnership between the two would likely develop health-focused beverages aimed at easing inflammation, pain and cramping, the report said.

Other companies with exposure to the cannabis market, including Tilray and Scotts Miracle-Gro, also gained on the week’s first day of trading. Tilray climbed 9.7 percent and Scotts added 2.5 percent in U.S. trading. Canopy shares added 3.5 percent in Canadian trading.

Aurora offered the following statement to CNBC:

“Aurora has expressed specific interest in the infused beverage space, and we intend to enter that market. There is so much happening in this area right now and we think it has incredible potential. As a rule, we do not discuss business development initiatives until they are finalized, however we have a responsibility to our shareholders to give proper consideration to all relevant opportunities that are presented.”

Coca-Cola offered this statement:

“Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world. The space is evolving quickly. No decisions have been made at this time.”

Though the move in marijuana stocks is mostly headline-driven thus far, Coca-Cola wouldn’t be the first beverage titan to test the waters with an investment in a cannabis producer.

Corona beer maker Constellation, for example, upped its bet on the industry last month, announcing an additional $4 billion stake in Canopy Growth. Molson Coors, too, announced in August that its Canadian unit is entering into a deal that will develop cannabis-infused beverages in Canada.

The Denver brewer said Molson Coors Canada is partnering with Canadian cannabis producer The Hydropothecary Corporation (HEXO) to create a joint partnership “to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.”

Marijuana use in Canada will be legal in mid-October after legislation cleared regulatory hurdles in June.

The headlines have caused these stocks to soar. Canopy shares have doubled this year in Canada. Tilray, which made its debut in July, has more than tripled in the last one month alone.


Company: cnbc, Activity: cnbc, Date: 2018-09-17  Authors: thomas franck, jason franson, bloomberg, getty images
Keywords: news, cnbc, companies, industry, talks, canadian, market, beverage, develop, jump, drinks, cocacola, brew, stocks, marijuanainfused, trading, pot, report, tilray, beverages, cannabis, aurora


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Wall Street pros develop fantasy NFL game that allows users to trade athletes like stocks

Two traders have developed a futures market to appeal to fantasy sports junkies and Wall Street lifers who want to bet on professional athletes. Founded by longtime options traders Eric Wilkinson and Wesley Harr, Draft Hedge is a mobile app that offers users a cross between fantasy football and financial markets. The futures pricing is loosely based on fantasy valuations, with players earning points depending on their performance in each game. Known as “The Wolfman” around the Chicago Board of T


Two traders have developed a futures market to appeal to fantasy sports junkies and Wall Street lifers who want to bet on professional athletes. Founded by longtime options traders Eric Wilkinson and Wesley Harr, Draft Hedge is a mobile app that offers users a cross between fantasy football and financial markets. The futures pricing is loosely based on fantasy valuations, with players earning points depending on their performance in each game. Known as “The Wolfman” around the Chicago Board of T
Wall Street pros develop fantasy NFL game that allows users to trade athletes like stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-16  Authors: thomas franck, getty images
Keywords: news, cnbc, companies, stocks, futures, pros, wall, betting, street, worried, nfl, financial, game, going, value, trade, fantasy, wilkinson, traders, users, develop


Wall Street pros develop fantasy NFL game that allows users to trade athletes like stocks

Two traders have developed a futures market to appeal to fantasy sports junkies and Wall Street lifers who want to bet on professional athletes.

Founded by longtime options traders Eric Wilkinson and Wesley Harr, Draft Hedge is a mobile app that offers users a cross between fantasy football and financial markets.

The futures pricing is loosely based on fantasy valuations, with players earning points depending on their performance in each game. Users can buy or sell-short athletes at any time, including the off-season.

“Whether it’s an e-gaming event or whether it’s football or soccer, or baseball – as long as there’s a quantifiable value, we can create futures around that,” Wilkinson told CNBC.

“Analysts are doing the same thing,” he said. “They’re going ‘OK: he’s going to score two touchdowns and 150 yards, and I think this is what his scores are going to be,'” he added. “The overall market probably has a better idea as to what that value is.”

Known as “The Wolfman” around the Chicago Board of Trade, Wilkinson has been trading financial futures, commodities, stocks and options on a variety of products for about 25 years. CNBC viewers may recognize him as the trader who stood next to CNBC’s Rick Santelli during many of his lively appearances from the CME floor.

The CNBC regular also commented on the U.S. Supreme Court’s recent decision to strike down a 1992 federal law that effectively banned commercial sports betting in most states. The ruling sets the stage for the gradual legalization of the millions of dollars of illicit wagers on professional sports Americans make each year.

The trader said that he and Harr were initially worried about the game appearing too much like gambling, and then the court decision came out.

“It was a really big deal for us because we were always thinking that we landed in between financial and betting,” he said. “We were originally worried about our lexicon, whether we ever said betting and things of that nature whereas now we can say whatever we want.”


Company: cnbc, Activity: cnbc, Date: 2018-09-16  Authors: thomas franck, getty images
Keywords: news, cnbc, companies, stocks, futures, pros, wall, betting, street, worried, nfl, financial, game, going, value, trade, fantasy, wilkinson, traders, users, develop


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