Blog – Left Sidebar

Canopy Growth Corp. shares soared 11% Tuesday, after the Canadian cannabis company posted a wider-than-expected loss for its fiscal third quarter, but revenue that beat estimates, and offered an upbeat outlook that sees the company achieving profitability in the second half of 2022.

Neera Tanden, President Biden’s pick to lead the Office of Management and Budget, said she regretted past comments she made while running a center-left think tank and pledged to be nonpartisan if confirmed to the role by the Senate.

Oil futures move up on Tuesday, shaking off earlier weakness, as signs of improving energy demand set prices back on track to stretch a streak of gains that’s lasted all month.

President Joe Biden and Treasury Secretary Janet Yellen will meet Tuesday with a handful of top U.S. chief executives to discuss the proposed $1.9 trillion COVID relief plan, the White House said, as Democrats aim to rush the proposal through Congress.

Two U.S. carrier groups are conducting exercises in the waters disputed by China, raising Beijing’s ire just as France announced one of its attack submarines had sailed through the zone.