15 Burst results for "Christine Orem"

"christine orem" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

04:29 min | 1 year ago

"christine orem" Discussed on Newsradio 1200 WOAI

"Her life. but there is much more to be done. by the city of Dallas. this process. the victim's brother hug Geiger after telling her he forgave her and urged her to give her life to Christ Geiger's eligible for parole in five years police say a knife wielding man is killed four officers outside central police headquarters in Paris the attacker who was reported to be a member of staff inside the building was later shot dead by police this comes a day after French police went on a strike across the country over increasing violence towards officers and rising suicide rates within the force president trump fighting back over that impeachment effort involving is phone call with Ukraine's leader this is a hoax this is the greatest hoaxes is just a continuation of what's been playing out for the last since my election talking with reporters at the White House trouble again denied wrongdoing in this July phone call with the president of Ukraine calling it a perfect call the president challenge the credibility of the anonymous whistleblower at the heart of the Ukraine scandal drop as the Ukrainian leader to investigate former VP Joe Biden and a son hunter and meanwhile Joe Biden's fighting back with comments made at a campaign appearance in Nevada last night. you're not going to destroy my family I don't care how much money you spend Mister president are how dirty the attacks get. trump knows there are no truce in the charges against me no one zero on Wednesday trump called bite and stone cold crooked seventy eight year old Vermont senator Bernie Sanders is feeling great after heart surgery a campaign aide told The New York Times that blood is flowing again through a blocked artery were surgeons inserted two steps the Sanders campaign cancelled events for the coming days while he recovers at least twenty two paratroopers are injured in a military exercise in Mississippi army officials at camp Shelby don't know what went wrong during the night John but some members of the unit ended up in the trees twenty two have been injured with fifteen being treated by medics in the field seven transported to a local hospital none of the injuries are life threatening what do you see a mosque as a twenty five year veteran of the sheriff's department has been picked by commissioners court to become the next precinct to county constable she won't officially take the job until a week from tomorrow following another hearing on a court challenge filed by former constable Michelle body and is Bella she's arguing that she didn't really announce her candidacy for share of it is not obligated to leave office under the state's resigned to run law a lot has happened since California passed a law allowing college athletes to accept endorsement deals first Colorado lawmakers from both sides of the political aisle support introducing a similar measure as early as next year but that might not be necessary as Republican U. S. congressman and former Ohio Buckeye wide receiver Anthony Gonzalez says he said to propose a federal law to compensate college athletes well the joker movies expect to have a huge opening weekend at the box office the film stars Joaquin Phoenix as a disturbed loner who descends into evil become Batman's arch enemy the joker the film is drawn both critical acclaim and security concerns yet most estimates predict the film will be a box office bonanza is expected to take in at least eighty million dollars domestically and its international debut could bank as much as one hundred and fifty five million the film screens at some theaters tonight business regulators are dealing with cannabis company's. despite the fact that their product is technically illegal Patrice agora Bloomberg has is in focus report the department of justice is conducting anti trust reviews of at least six acquisitions in the cannabis industry Bloomberg's Christine Orem says there's little risk of a monopoly forming in the highly fragmented business but investors have been cautious some analysts say it may just be that the government needs to develop a better understanding of the industry but until at least one of these deals gets approved it's likely that is going to continue to weigh on stocks tennis remains illegal at the federal level but our room notes the DOJ's acting because of all the MNA activity at the state level so the department justice kind of have an obligation to examine it even though it remains illegal at the federal level that's one of those interesting dichotomies that we're facing in the industry right now due to the ongoing federal any illegality the first approvals could come this quarter and benefit the company shares I suspect that when the first dealer to closes all of these other companies that are under review right now even if they haven't gotten the official go ahead will.

Dallas. hug Geiger eighty million dollars seventy eight year twenty five year five years
"christine orem" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

02:52 min | 1 year ago

"christine orem" Discussed on Newsradio 1200 WOAI

"York Times that blood is flowing again through a blocked artery and the democratic presidential candidate feels better than ever the Sanders campaign cancelled his events for the coming days while he recovers Sanders experiencing chest discomfort Tuesday night which led him to be checked out surgeons inserted to stand still one artery to relieve the blockage the brother of a man shot to death by now former Dallas Cup amber Geiger says he's forgiven her Geiger was sentenced to ten years behind bars but during victim impact statements brand John told Geiger he forgave her and wanted her to give her life to god I want the best. because I know as well as exactly what both on one one two two and the best would be give your life to caress Geiger shot both him John last fall inside his apartment she said it was by accident thinking and said it was her apartment in that both Ms John was an intruder Geiger's eligible for parole in five years protesters in Dallas took to the streets and block traffic last night over what they say is a light sentence city council prepared later this month to give approval to the long range climate change plan which aims to win San Antonio off of fossil fuels by the year twenty fifty city sustainability director Doug Melnick says like it or not this is the new normal for city government moody's and SMP really starting to to take a look at you know how. local governments and communities are preparing for climate change the non melting says the business community is not fully on board but does understand the importance of the plan which is not a mandate and will not prohibit people from driving their cars well the Astros will face the Tampa Bay rays in the American League division series that starts Friday afternoon the rays top the Oakland ETS five to one in the American League wild card game last night the Astros have won a few and lost a few against the rays this season but outscored them forty to twenty seven game one of the series is Friday at minute maid park the cardinals and Braves begin their National League division series tonight in Atlanta business regulators are dealing with cannabis company's despite the fact that their product is technically a legal Patrice agora Bloomberg has this and focus report the department of justice is conducting anti trust reviews of at least six acquisitions in the cannabis industry Bloomberg's Christine Orem says there's little risk of a monopoly forming in the highly fragmented business but investors have been cautious some analysts say it may just be that the government needs to develop a better understanding of the industry but until at least one of these deals gets approved it's likely this is going to continue to weigh on stocks tennis remains illegal at the federal level but our room notes the DOJ's acting because of all the MNA activity at the state level so the department justice kind of has an obligation to examine it even though it remains illegal at the federal level that's one of those interesting dichotomies that we're facing in the industry right now due to the ongoing federal any illegality the first approvals could come this quarter and benefit the company shares I suspect that when the first dealer to closes all of these other companies that are under review right now even if they haven't gotten the official go ahead will.

York Times five years ten years
"christine orem" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 1 year ago

"christine orem" Discussed on Bloomberg Radio New York

"The department of justice is conducting anti trust reviews of at least six acquisitions in the cannabis industry Bloomberg's Christine Orem says there's little risk of a monopoly forming in the highly fragmented business but investors have been cautious some analysts say it might just be that the government needs to develop a better understanding of the industry but until at least one of these deals gets approved it's likely this is going to continue to weigh on stocks tennis remains illegal at the federal level but our room notes the DOJ's acting because of all the MNA activity at the state level so the department justice kind of has an obligation to examine it even though it remains illegal at the federal level that's one of those interesting dichotomies that we're facing in the industry right now do. due to the ongoing federal any illegality the first approvals could come this quarter and benefit the company shares I suspect that when the first dealer to closes all of these other companies that are under review right now even if they haven't gotten the official go ahead we'll see their stock prices respond positively to tree Sikora Bloomberg radio. this is the story of a very special woman. in a matter of seconds she turned herself into a three. or an entrepreneur. knowledge. and still is. she could also make monsters disappear. those that lurk in the shadows under the. this woman put back together teenage girls from the heart which had been shattered into a thousand pieces just by giving her a bear hug she masqueraded as a regular person at work but as a super hero at home. everyone knows her as Gabrielle a. I still call her mom. your hero.

Sikora Bloomberg Bloomberg department of justice Christine Orem MNA DOJ cannabis Gabrielle official
"christine orem" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 1 year ago

"christine orem" Discussed on Bloomberg Radio New York

"The department of justice is conducting anti trust reviews of at least six acquisitions in the cannabis industry Bloomberg's Christine Orem says there's little risk of a monopoly forming in the highly fragmented business but investors have been cautious some analysts say it might just be that the government needs to develop a better understanding of the industry but until at least one of these deals gets approved it's likely this is going to continue to weigh on stocks tennis remains illegal at the federal level but room notes the DOJ's acting because of all the MNA activity at the state level so the department justice kind of has an obligation to examine it even though it remains illegal at the federal level that's one of those interesting dichotomies that we're facing in the industry right now due to the ongoing federal any illegality the first approvals could come this quarter and benefit the company shares I suspect that when the first dealer to closes all of these other companies that are under review right now even if they haven't gotten the official go ahead we'll see their stock prices respond positively to tree Sikora Bloomberg radio. Hey y'all Jeff Foxworthy here now if you ever found yourself repeating the same thing over and over for seventy five years you might be Smokey bear only you can prevent wildfires that's why I'm filling in for Smokey to switch things up because there's a lot more to say and I should know because my grandfather was a firefighter and one of the things he told me is that the people that love the outdoors the most are often the ones accidentally starting wildfires which means always B. Y. O. B. no bring your own bucket to the campfire. and be extra careful with things like burning yard trimmings don't just walk.

Jeff Foxworthy Sikora Bloomberg department of justice Bloomberg Christine Orem cannabis MNA DOJ official B. Y. O. B. seventy five years
"christine orem" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 1 year ago

"christine orem" Discussed on Bloomberg Radio New York

"Sees change this is a Bloomberg market minute the department of justice is conducting anti trust reviews of at least six acquisitions in the cannabis industry Bloomberg's Christine Orem says there's little risk of a monopoly forming in the highly fragmented business but investors have been cautious some analysts say it might just be that the government needs to develop a better understanding of the industry but until at least one of these deals gets approved it's likely this is going to continue to weigh on stocks cannabis remains illegal at the federal level but our room notes the DOJ's acting because of all the MNA activity at the state level so the department justice kind of has an obligation to examine it even though it remains illegal at the federal level and that's one of those interesting dichotomies that we're facing in the industry right now due to the ongoing federal any illegality the first approvals could come this quarter and benefit the company shares I suspect that when the first dealer to closes all of these other companies that are under review right now even if they haven't gotten the official go ahead we'll see their stock prices respond positively to tree Sikora Bloomberg radio. this is the story of a very special woman. in a matter of seconds she turned herself into three. or an entrepreneur. knowledge. and still is. she could also make monsters disappear. those that lurked in the shadows under the. this woman put back together teenage girls in heart which had been shattered into a thousand pieces just by giving her a bear hug she masqueraded as a regular person at work but as a super hero at home. everyone knows her as Gabrielle a. I still call her mom. your hero needs.

Bloomberg Sikora Bloomberg cannabis department of justice Christine Orem MNA DOJ Gabrielle official
"christine orem" Discussed on News Radio 810 WGY

News Radio 810 WGY

02:25 min | 1 year ago

"christine orem" Discussed on News Radio 810 WGY

"Why is presented by Fagan associates it's your money and we know that this is a Bloomberg market minute the department of justice is conducting anti trust reviews of at least six acquisitions in the cannabis industry Bloomberg's Christine Orem says there's little risk of a monopoly forming in the highly fragmented business but investors have been cautious some analysts say it might just be that the government needs to develop a better understanding of the industry but until at least one of these deals gets approved it's likely going to continue to weigh on stocks Canada's remains illegal at the federal level but our room notes the DOJ's acting because of all the MNA activity at the state level so the department justice kind of have an obligation to examine it even though it remains illegal at the federal level and that's one of those interesting dichotomies that we're facing in the industry right now due to the ongoing federal any illegality the first approvals could come this quarter and benefit the company shares I suspect that when the first dealer to close it all of these other companies that are under review right now even if they haven't gotten the official go ahead we'll see their stock prices respond positively to tree Sikora Bloomberg radio. Hey Joe Gallagher on behalf of husbands everywhere. Asian no I am the spokesperson for the emails. northeastern New York chapter. any now the I have three projects already lined up today I go home I've already put in a wicked right four hours here. so I got to change a light it's not just a white ball it's a recessed light. that call I said to my wife I said you know come on. I gotta get up on it step one. this is suppose I should we get ambulances around the area. that's one thing I. and shop back a million a form okay what's that all. and there's other ones as well I want to put in a rough four hours here so. I yeah I don't know I do a really right now and we just. halo somewhere I can put on here it really husband regional have a long I'm sure. this Joe Gallagher on behalf of thousands. the spokesperson for the male species northeastern New York. thank you very much thank you. I do appreciate it.

Joe Gallagher Bloomberg Sikora Bloomberg department of justice Christine Orem Fagan New York MNA cannabis DOJ Canada official New York. four hours
"christine orem" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

07:13 min | 2 years ago

"christine orem" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Monitoring markets in one very active area has been the marijuana stocks pot. Stop surging today after Kennedy growth greed to buy acreage holdings for three point four billion dollars. This is a massive cross-border cannabis deal that is conditional on the US eventually legalizing pot for recreational use joining us now to talk about this is Christine Orem. She's Canadian cannabis and equity reporter for us here at Bloomberg in Toronto, so Christine, can you just give us a sense? Why is this particular deal? Canopy buying acreage such a big deal. Well, it's the first major cross-border deal the cannabis industry has seen in it's structured in a very complex and interesting way. So basically canopy is going to pay three hundred million dollars up front but the remainder of the transaction. The rest of that three point four billion dollars won't happen until if and win the US legalizes cannabis at. At the federal level. So essentially the deal is set to expire in about twenty twenty seven if that doesn't happen. So these two companies are making a bet that sometime between now and twenty twenty seven at which point we will have had another whole presidential term and a half pot will be legalized and therefore they'll be able to truly close this transaction. But in the meantime, they're very restricted in what they can do because of that federal illegality. So you can kind of see that. I'm certainty in the way, the shares the reaction today reacting today acreage was initially up twenty one percent. But now it's only up about one of the half percent. So clearly shareholders are still trying to digest this and figure out exactly what it means for the company. So Christina sounds kind of like a call option on buying this company. A you know, kind of a multi your call option. What are the where are we in terms of the federal legalization process in the United States for marijuana? Well, there are a lot of bills that are currently working their way through various congressional committees. There's the two main ones being the faith banking. Act which would essentially open up banking to cannabis companies across the US currently very few banks will work with these companies because they're worried that they could get into trouble around money laundering or other federal issues, and so many of them have to pay their employees and their taxes in cash, which has been a very awkward and kind of semi dangerous proposition for some of them. So that's one and the other is the state sect, which would have been essentially say that if the federal government will take a hands off approach and let the states make their own decisions on legalization. So they essentially if that happens most people say that's equivalent to federal legalization, and that would probably be enough to get this deal done, the hosts seems very open to working on in passing these deals. I think the more difficult proposition will be getting them through the Senate. Well, this is really interesting that this deal is conditional on a legalization of marijuana because acreage specializes in medical marijuana use right, which has been more widely legalized throughout the state. So I'm wondering. What this says about the business prospects of companies that specialize in medical marijuana use is their future really conditional on recreational use. Well, I think I mean, there's an assumption that medical uses more politically palatable, and you see that with acreage. I mean, it has former US house speaker John bainer on its board. It has former Canadian Prime Minister Brian Mulroney on sports. So these are political heavyweights who have a lot of contacts and cloud on both sides of the border. And clearly they wouldn't be on this company's board if they didn't see real prospects for legalization and they've both come these are two people who were pretty opposed to the idea of legalization in the past. And they've come out and said what they're really the reason they support acreage, and what they can really get behind is the idea of medical use for, you know, people like veterans who were stuggled struggling with PTSD, for example. So the fact that you have people of that caliber getting behind this people who used to be opposed to legalization doesn't the case. I think there's. There's a real prospect for medical approval, probably before recreational approval at the federal level, so Christine what's been some of the early feedback from some of the states that have legalized marijuana. I'm thinking, Colorado, for example, is it they seen a big pickup in demand in sales in usage. Definitely over time in in demand. Sales Canada is in the very early days of legalization up here. We just legalized in October and all of the states that have legalized in Canada as well have gone through initial supply shortages, it's like the companies haven't been able to produce enough to to keep up with demand. And didn't really know what demand was going to look like. So once those supply shortages get worked out, which usually takes a year or two at the state level that we've seen then they hit sort of a steady state set of demand where essentially, you know, there's still some people using the black market and for the most part from from what I've read it people who were previously using black market sources who have converted to the legal market not necessarily getting a lot of new users in but we'll see if that changes in Canada over time as we get more supply in stores. We're currently speaking with Christina Orem. She's Canadian cannabis equity reporter for Bloomberg. And we are awaiting comments from President Trump will be speaking at a wounded warrior project. It will be his first comments up publicly made after the Muller report press conference, at least by attorney general, the attorney general so Christine I wanna get your sense of what the business case is for a big merger for consolidation in marijuana firms. Right. I mean, my my question is is the big concern that now tree a group or Philip Morris is going to get into the business and just absolutely dominate because they already have the distribution networks. Yeah. That's a really good question. Canopies and interesting illustration because they currently have a major investment from constellation brands the alcohol company that makes corona motel beer, and they're also now pursuing this cross-border transactions. So it indicates that I think a lot of these really large Canadian based cannabis companies and can and can't be is the biggest cannabis company in the world with a market value of about twenty billion dollars or close to it. Now, you know, see that they have to be in the US in the future to really dominate globally. I mean, canopy has. Isn't just in candidate has operations in Europe Latin America, they're really they become a truly international company. But without that American presence. It's very difficult to to generate, you know, real brand revenue in those margins to come from the US consumer market. And so that's the case for the cross-border transactions. We haven't seen many of them because the federal illegality, but I suspect this will kind of form the the impetus and the structure that others can follow to do other similar deals in the future, Christine or Mbeki so much for your time. Christine Orem covers the Canadian cannabis an equity business for us here at Bloomberg. Thanks for listening to the Bloomberg peon podcast. You can subscribe. And listen to interviews at apple podcasts, or whatever podcast platform, you prefer on Paul Sweeney. I'm on Twitter at PT Sweeney and Lisa Abramowicz. I'm on Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio.

cannabis marijuana United States Bloomberg Christine Christine Orem Christina Orem Canada federal government reporter Toronto Kennedy Twitter PTSD Senate Colorado Lisa Abramowicz Brian Mulroney constellation brands
"christine orem" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:51 min | 2 years ago

"christine orem" Discussed on Bloomberg Radio New York

"Following the press conference of William bar. The attorney general talking about the mullahs report and the release of it. In the meantime, we're monitoring markets in one very active area has been the marijuana. Stocks pot. Stocks surging today after Kennedy growth greed to buy acreage holdings for three point four billion dollars. This is a massive cross border cannabis deal that is conditional on the US eventually legalizing pot for recreational use joining us now to talk about this is Christine Orem, she's Canadian cannabis and equity reporter for us here at Bloomberg. I in Toronto so Christine, can you just give us a sense? Why is this particular deal? Canopy buying ache. Such a big deal. It's the first major cross-border deal, the cannabis industry has seen in it's structured in a very complex and interesting way. So basically canopy is going to pay three hundred million dollars up front but the remainder of the transaction. The rest of that three point four billion dollars won't happen until if and win the US legalizes cannabis at the federal level. So essentially the deal is set to expire in about twenty twenty seven if that doesn't happen. So these companies are making a bet that sometime between now and twenty twenty seven at which point we will have had other whole presidential term and a half pot will be legalized and therefore they'll be able to truly closest transaction. But in the meantime, they're very restricted in what they can do because of that federal illegality. So you can kind of see that uncertainty in the way the shares the reaction today reacting today acreage was initially up twenty one percent. But now it's only up about what a half percent. So clearly shareholders are still trying to digest this and figure out exactly what it means for the company, so Christine. Sounds kind of like a call option on buying this company, you know, kind of multi year call option, what are the where are we in terms of the federal legalization process in the United States for marijuana? Bills that are currently working their way through various congressional committees. There's the two main ones being the faith banking act, which would essentially open up banking to cannabis companies across the US currently very few banks will work with these companies because they're worried that they could get into trouble around money laundering or other federal issues, and so many that have to pay their employees their taxes in cash, which has been a very awkward in semi dangerous proposition for some of them. So that's one and the other is the state sect, which would have been essentially say that if the federal government will take a hands off approach and let the states make their own decisions on legalization. So essentially if that happens most people say that's equivalent to federal legalization, and that would probably be enough to get this deal done. The host seems very open to working on in passing these deals. I think the more difficult proposition will be getting through the Senate will this is really interesting that this deal is conditional on the legalisation. Marijuana because acreage specializes in medical marijuana use right, which has been more widely legalized throughout the states. So I'm wondering what this says about the business prospects of companies that specialize in medical marijuana use is their future really conditional on recreational use. I think I mean, there's an assumption that medical uses more politically palatable, and you see that with acreage. I mean, it has former US house speaker John bainer on its board. It has former Canadian Prime Minister Brian Mulroney on at sports that these are political heavyweights who have a lot of contacts and cloud on both sides of the border, and clearly they wouldn't be on this companies for if they didn't see real prospects for legalization and they've both come to people who were pretty opposed to the idea of legalization in the past. And they've come out and said what they're really the reason they support acreage, and what they can really get behind the idea of medical use for you know, people like veterans. Who were struggling with PTSD, for example? So the fact that you have people of that caliber getting behind the people who used to be opposed legalisation doesn't there's a real prospect for medical approval, probably before recreational the federal level, so Christine what's been some of the early feedback from some of the states that have legalized marijuana. I'm thinking, Colorado, for example, is it they seen a big pickup in demand in sales in usage. Definitely over time in in demand. Sales Canada is in the very early days of legalisation up here, we just legalized October and all of the states that have legalized in Canada as well have gone through initial supply shortages at flakes companies haven't been able to produce enough to to keep up with demand and didn't really know what demand is going to look like. So once those supply shortages get worked out, which usually takes a year or two at the state level. That's what we've seen then they hit sort of a steady state set of demand where essentially, you know, there's still some people using the black market and for the most part from what I've read it's people who were previously using black market sources who've converted to the legal market not necessarily getting a lot of new users in but we'll see if that changes in Canada over time as we get more supply in stores. We're currently speaking with Christina Orem, she's Canadian cannabis and equity reporter for Bloomberg. And we are awaiting comments from President Trump will be speaking at a wounded warrior project. It will be his first comments publicly made after the Miller report press conference, at least by attorney general, the attorney general so Christine I wanna get your sense of what the business case is for a big merger for consolidation in marijuana firms. Right. I mean, my my question is is the big concern that now tree a group or Philip Morris is going to get into the business and just absolutely dominate because they already have the distribution networks. Yeah. That's interesting illustration because they currently have a major investment constellation brands, the alcohol company that makes corona Modell beer, and they're also now pursuing this cross-border transaction. So it indicates that I think a lot of these really large Canadian-based cannabis companies and canopy is the biggest company in the world with market value of about twenty billion dollars or close to it. Now, you know, see that they have to be in the US in the future to really dominate below. Believe mean, canopy has isn't just in candidate has operations in Europe Latin America, they're really they become a truly international company. But without that American present, it's very difficult to to generate, you know, real brand revenue does margins to come from the US consumer market. And so that's the case for the cross-border transactions. We haven't seen many of them because of federal illegality, but I suspect this will kind of form the the petition to structure that others can follow to do other. Similar deals with uter Christine Orem. Thank you so much for your time. Christine Orem covers the Canadian cannabis an equity business for us here at Bloomberg. Just reminder, we are awaiting comments from President Trump the first publicly made comments after the Muller report conference press conference by the attorney general bar this morning. We also are awaiting the release of that report, which is more than three hundred pages right now. Let's get a check on all things happening in the world. We've got Nathan Hager with world national headlines. Nathan. Congress is no doubt anxiously awaiting the arrival of special counsel, Robert Muller's report. Attorney general William Barr says it will be delivered to Capitol Hill at eleven AM Wall Street time after that. It'll be posted on the Justice department website ahead of all that though bar summarized his findings for reporters. Bloomberg's Irv Chapman reports. From Washington said the investigation cleared the president and his campaign of the collusion allegation. The special counsel confirmed that the Russian government sponsored efforts to a legally interfere with the two thousand sixteen presidential election, but did not find that the Trump campaign or other Americans colluded in those efforts bar said mother investigated, ten episodes that might have pointed to obstruction of his probe, but left it to the attorney general to conclude that they did not rise to the level of a prosecutable offense. In Washington, Irv Chapman, Bloomberg radio. Just after bars news conference, President Trump tweeted a photo of himself with the words game over. Over in game of thrones funt might not be over for Democrats, though. Senate majority leader Chuck Schumer sent out a tweet of his own mocking the news conference as a campaign press conference for the president and House Judiciary, chairman Jerrold Nadler released a short letter asking Muller to testify before his panel. No later than may twenty third again, we're awaiting comments from President Trump at the wounded warrior project soldier ride. Stay with Bloomberg radio. For continuing live coverage of the mullahs. Report is news comes out. We'll bring it to you throughout the day. In other news magnitude, six one earthquakes shook eastern Taiwan today. Bursting water pipes at a train station and forcing schools to evacuate. No, serious injuries or major damage. The Acropolis in Athens is closed after a lightning strike left. Four people hurt by shattered glass there. More thunderstorms expected in that area. And Senate majority leader Mitch McConnell says he wants congress to raise the minimum wage to buy tobacco from eighteen to twenty one nationwide tobacco is a major. Crop in McConnell's home state of Kentucky. Global news twenty four hours a day on air to tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Nathan Hager. This is Bloomberg. Lisa and Paul. You're listening to Bloomberg markets with Lisa Abramowicz impulse weaning on Bloomberg radio. We are waiting President Trump who was scheduled to deliver remarks on the wounded warrior project soldier ride from the East Room in the White House. That is coming momentarily are also waiting.

Bloomberg cannabis marijuana United States attorney President Trump president Christine Christine Orem Senate Robert Muller Nathan Hager Congress federal government reporter William bar Irv Chapman Toronto
"christine orem" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

06:12 min | 2 years ago

"christine orem" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Well, the canonists businesses certainly getting a lot of love recently. I we had Martha Stewart throwing her hat in the ring. And now we have billionaire investor Nelson peltz joining Aurora cannabis as a strategic advisor and is receiving stock options that could make him the pot firms second largest shareholders to kinda dig into all things cannabis. We have Christine a room. She is a Bloomberg columnists on Canadian cannabis. She's from Bloomberg opinion. She joins us from the Toronto bureau Christine. Thanks for joining us. How important is it that a significant investor with name recognition put some capital behind this business? Thanks for having me yet. It was you say he's not the first big name to join a cannabis company. Martha Stewart being another very prominent example, gene Simmons is also working with the cat of his company. They're elected. That's nice surprising. True. But Nelson is arguably the biggest name investor to work with the cat abyss company. So it's quite significant for you can see that in the way the share prices reacting today currently up about eleven percent in Toronto trading. And and health is basically coming on board to help advise the roar on strategic partnership now or is one of the biggest companies in the space, but has not yet been able to secure a strategic partnership along the lines of canopies deal with constellation brands or Cronos's deal with Altria group. And so they they've been hunting for that. They're looking for partners across a wide range of verticals in the industry, and the hope here is that peltz with all his wide ranging contacts. Particularly in the consumer product space can help them form, those partnership Christine. That's exactly where I wanted to go this concept that Nelson peltz's relationships have included the likes of Wendy's as well as Proctor and gamble, Pepsi. Montes Family Dollar stores. These are more. Sort of consumer facing companies that are well known in households across North America won't question that I have is the marijuana companies to date that have been most successful have really rooted their business in medical marijuana. I'm just wondering how does this sort of position Aurora cannabis in a consumer way attention? That's a great question. Because the ROY has made it very clear that it is first and foremost medical cannabis company that that both in Canada and internationally as its primary focus, not the recreational market. But that said I talked to their chairman Michael singer this morning, and he said, well, they're looking for is multiple partners. Not just in the pharmaceutical space, but also in packaged goods beverages cosmetics wellness, and so this indicates that well, you know, medical still remains their primary focus, they are looking increasingly at that recreational and consumer side of things, and the hope is that with all of his connections as you mentioned, he's chairman at Wendy's. He's on the board at Proctor and gamble might be able to help form those partnerships. And there were as chairman Michael singer said it's not just about peltz's Rolodex. Although that very much a part of the appeal, of course, but it's also, you know, his advice his experience, and the fact that he's going to need some help is they're they're going to be looking to form all of these different partnerships. Also, I should. Note that I'm like canape in Kronos, which have created one big deal. One big partnership or doesn't want to do that. They wanna maintain control of the company and have several different smaller partnerships across a variety of verticals Christine. Give us a sense of the Canadian cannabis market itself. How big is it and how fast is it growing? Great question. Yeah. The Canadian candidates market is still relatively small we legalized in October. And so it's only been a few months and part of the reason the market has remained small today is because there have actually been some pretty severe supply shortages, and so sales haven't been as high as many companies have hoped, and that's why many companies Aurora included are looking to expand internationally that Canada is a great starting point. It's been a way for them to find their feet, but it's really going to be an international presence, particularly in the international medical market, which is much bigger than the international recreational market. That's going to make these companies global players. So are they is Aurora. Still primarily Canada right now, it is it would get the majority of it the revenue from Canada, but it has operated in many different countries. In fact, they just shipped their first cannabis oil to German pharmacies earlier this week, and they have a presence in Australia several other European countries and they're working on Latin American partnerships as well. So they are one of the more global companies in the space today, although many of those international initiatives, they're still pretty early stage just real quick here, Christina I'm wondering if we can get a sense that these big names these big name investors. We're not talking about gene Simmons, who of course, was the lead singer of kiss, and perhaps thank you. Thank you, Paul. I do have some pop culture to culture, knowledge Christine. Is there a sense that recreational use of marijuana will gain a greater legalization is that sort of the feeling here and acceptance? Yeah, that is the feeling although, you know, this is it's interesting seeing pelts come in because for the. Part large. American investors have been pretty reluctant to touch the space. And that's because you know, as you know, there are many states that have legalized recreational marijuana, but it's still illegal at the federal level. And so that's made things tricky for investors for banks for stock exchanges to really get closely involved. That is starting to change though, we've seen several bills put forward both at the state and federal level in the US and in other countries as well that could push legalisation pretty quickly. And so we could see things change quite quite fast over the next two or three years. I'd say Christine Orem. Thank you so much for being with us. Bloomberg com reporter covering Canadian cannabis covering coming to us from Toronto. Thanks for listening to the Bloomberg PL podcast. You can subscribe. And listen to interviews at apple podcasts, or whatever podcast platform, you prefer. I'm Paul Sweeney. I'm on Twitter at PT Sweeney and Lisa Abramowicz. I'm a Twitter at Lisa Abramowicz. One before the podcast. You can always catch us worldwide on Bloomberg radio.

cannabis Christine Orem Nelson peltz Bloomberg marijuana Toronto Martha Stewart Canada medical cannabis gene Simmons Aurora Paul Sweeney Proctor chairman Wendy Twitter strategic advisor North America Michael singer
"christine orem" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:49 min | 2 years ago

"christine orem" Discussed on WBZ NewsRadio 1030

"Switch to cannabis thanks to a recent investment by Altria group, the maker of Marlboro cigarettes in Canada's Kronos group CEO said as soon as the US market opens up as soon as it becomes federally legal. They would be interested in taking some of the farmers that Altria currently works with to grow tobacco for their cigarettes and push them over to cannabis production. Christine Orem wrote the story for Bloomberg news, and she says that's not just tobacco farmers who might make a switch. A farmer was growing. Soybeans and has seen their profit drop off. Because of the trade war between the US and China they could very easily replaced that with cannabis in a much smaller growing area, and and win that profit back tobacco companies are under pressure as smoking rates decline. So they're looking for other avenues for growth while several states have legalized marijuana. It does remain banned at the federal level. I'm Charlie Pellett. Bloomberg business on WBZ NewsRadio ten thirty and nine thirty nine Georgia police arrest a Roxbury man in the shooting deaths of two people last June in Boston's Faneuil hall. Nicolas. Antoine was taken into custody after he was found hiding in a trailer park in Jonesboro, Georgia. Police Commissioner William gross commended the members of the homicide and fugitive units for not only identifying the suspect but also tracking him down and finding him across state lines. We will never give up that is the message from the family of a missing Wisconsin, girl. Thirteen year old Jamie Kloss was discovered missing on October fifteenth when her parents were found murdered in their home and her relatives, including her grandfather released balloons yesterday with messages symbolizing their hope for a safe return anymore..

cannabis Altria group US Police Commissioner William gr Christine Orem Bloomberg Antoine Jamie Kloss group CEO Faneuil hall Georgia Charlie Pellett Canada Wisconsin marijuana Roxbury Jonesboro Boston China
"christine orem" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:49 min | 2 years ago

"christine orem" Discussed on WBZ NewsRadio 1030

"The switch to cannabis thanks to a recent investment by Altria group, the maker of Marlboro cigarettes in Canada's Kronos group CEO said as soon as the US market opens up as soon as it becomes federally legal. They would be interested in taking some of the farmers that Altria currently works with to grow tobacco cigarettes and puts them over to cannabis production. Christine Orem wrote the story for Bloomberg news, and she says that's not just tobacco farmers who might make a switch was growing. Soybeans and his team their profit drop off because of the trade war between the US and China they could very easily replaced that with cannabis in a much smaller growing area, and and win that profit back tobacco companies are under pressure as smoking rates decline. So they're looking for other avenues for growth while several states have legalized marijuana. It does remain banned at the federal level. I'm Charlie Pellett. Bloomberg business on. WBZ NewsRadio ten thirty. It is seven thirty nine Georgia police arrest a Roxbury man in the shooting deaths of two people last June in Boston's Faneuil hall. Nicolas. Antoine was taken into custody after he was found hiding in a trailer park in Jonesboro, Georgia. Police Commissioner William gross commended the members of the homicide and fugitive units for not only identifying the subject, but also tracking him down in finding him across state lines. We will never give up that is the message from the family of a missing Wisconsin, girl. Thirteen year old Jamie Kloss was discovered missing back on October fifteenth when her parents were found murdered in their home her relatives, including her grandfather released balloons yesterday with messages symbolizing their hope for her safe return anymore..

cannabis Altria group US Antoine Police Commissioner William gr Bloomberg Christine Orem Jamie Kloss group CEO Faneuil hall Charlie Pellett Georgia Canada Wisconsin marijuana Soybeans Roxbury Jonesboro Boston
"christine orem" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:41 min | 2 years ago

"christine orem" Discussed on Bloomberg Radio New York

"A Bloomberg market minute. If you can't fight them by in studies show and recreational marijuana is legalized alcohol consumption, drops Bloomberg's Christine Orem says that's created some interesting partnerships Molson Coors Canada. Creating a joint venture with a company called tech. So the second deal a much bigger one constellation brands, the maker of Robert Mondavi wine and corona beer investing in canopy growth corporation, the biggest cannabis company in Canada or says the beer makers have a plan for new drinks beverages are not something that are widely available currently, and they think potentially that could be a pretty big market, but don't expect to see the drinks in the US anytime soon or points out. Well, marijuana will be legal at the federal level in Canada, come October in the US only some states have taken that step. The country is a whole federally is still very much a legal. So there are large US companies that are interested in this market. But that are very reluctant to do. It. Patrice Sikora Bloomberg radio. A commercial message from the chartered global management accountant designation. I'm here with Laura police senior vice president and controller wholesale club Inc. Laura. Why does BJ's invest in the program for its finance professionals? The CJ may program gives my finance professionals. The ability to think about different industries different case studies and allows them to take that information and bring it back to our organization and apply. It really gives them critical thinking skills about business cases that are real life and allows them to be able to deploy that thinking into our organization, so it's an investment in the people to allow.

Molson Coors Canada Bloomberg US marijuana Laura Patrice Sikora Christine Orem constellation brands senior vice president and cont Robert Mondavi BJ management accountant cannabis club Inc
"christine orem" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:27 min | 2 years ago

"christine orem" Discussed on WBZ NewsRadio 1030

"Oh, wait. Now, Bloomberg business news. She can't fight them. By in studies show and recreational marijuana is legalized alcohol consumption, drops Bloomberg's Christine Orem says that's created some interesting partnerships Molson Coors, Canada, creating a joint venture with a company called Hex though. The second deal a much bigger one constellation brands, the maker of Robert Mondavi wine and corona beer investing in canopy gross corporation, the biggest cannabis company in Canada or says the beer makers have a plan for new drinks beverages are not something that are widely available currently, and they think potentially that could be a pretty big market, but don't expect to see the drinks in the US anytime soon or on points out. Well, marijuana will be legal at the federal level in Canada, come October in the US only some states have taken that step the country as a whole federally is still very much a legal. So there are large US companies that are interested in this market. But that are very reluctant to do it. Patrice Sikora Bloomberg business on WBZ NewsRadio ten thirty WBZ. News time one oh nine they're talking about unity in Cambridge this afternoon. Senator Elizabeth Warren and congresswoman to be ion a Presley are holding a rally WBZ's. Karyn regal is there. Good afternoon. Karen good afternoon to you unity. If you're a democrat. We heard from Iona presently who was greeted by deafening applause here at the Cambridge community center. She came out talking about a lot. Of course, what you talked about in her campaign. She used the term drinking from a fire hose of inequality. We're that a lot from her on the campaign trail before and after she beat Michael ten term congressman here, and she goes a lot of adoration from the crowd forward from j Gonzales, you've probably took the sharpish gems. He's taken against Charlie Baker since before. And since after he won the democratic nomination in the primary saying he doesn't understand. Why Charlie Baker would support the Republican ticket taking specific aim at? Geoff Diehl the Republican nomination for Senate against Elizabeth Warren calling a delay Trumpian candidate. And now Elizabeth Warren is talking, and we know what Senator Warren talks about for the most part supporting Ianna Presley firstly, you're sitting beside her as she talks and talking about President Trump saying that the White House is essentially a mess in Cambridge Karyn regal WBZ NewsRadio ten thirty take care. Thank you. WBZ? News time coming up on one eleven and it's.

Senator Elizabeth Warren Iona Bloomberg WBZ US Patrice Sikora Bloomberg Canada marijuana Cambridge Karyn regal Charlie Baker Ianna Presley j Gonzales Molson Coors constellation brands Robert Mondavi Geoff Diehl Cambridge community center Christine Orem Karen
"christine orem" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:44 min | 2 years ago

"christine orem" Discussed on WBZ NewsRadio 1030

"If you can't fight them by in studies. Show and recreational marijuana is legalized alcohol consumption drops Bloomberg's Christine Orem says that's created some interesting partnerships. Molson Coors, Canada, creating a joint venture with a company called though, the second deal a much bigger one constellation brands, the maker of Robert Mondavi wine and corona beer investing in canopy growth corporation, the biggest cannabis company in Canada or says the beer makers have a plan for new drinks infused beverages are not something that are widely available currently, and they think potentially that could be a pretty big market, but don't expect to see the drinks in the US anytime soon or points out. Well, marijuana will be legal at the federal level in Canada, come October in the US only some states have taken that step the country as a whole federally is still very much legal. So there are large US companies that are interested in this market. But that are very reluctant to do it. I'm Patrice Sikora Bloomberg business on WBZ NewsRadio ten thirty WBZ. News time is six oh nine. And remember you when you're away from your radio you can listen to WBZ on the iheartradio app. The Boston Celtics player. Boston Celtics player is due in court tomorrow to face serious charges. WBZ's Jim Smith has more on alligators leveled at guard Jabari bird. He's the second year Celtics guard now in trouble with the law. Jabari bird facing serious charges coup is first reported by WBZ's IT bird was in custody Saturday at Saint Elizabeth's hospital after a Friday night incident that happened at an apartment building. Also in Brighton. The alleged victim is at a separate hospital. Former Celtic great Cedric Maxwell was quick to react to the news. I'm.

WBZ US Boston Celtics Jabari bird Canada marijuana Molson Coors Bloomberg Celtics Cedric Maxwell Patrice Sikora Christine Orem Robert Mondavi constellation brands cannabis Brighton Saint Elizabeth Jim Smith iheartradio
"christine orem" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 3 years ago

"christine orem" Discussed on Bloomberg Radio New York

"Speaking at the un gathering in switzerland in city leaders of the five stone these mint and the democratic party say they open to discussing program for government this comes despite having fought as bitter rivals in the march election five star head luigi demayo has ended weeks of negotiations with a euro lead he did this hours after the acting leader of the democratic party set this as a condition for starting talks and police say the man accused of murdering temper districts on a busy toronto street posted a cryptic message on facebook beforehand bloomberg's christine omen reports police say victims of monday's attack were predominantly women although they so far have no evidence suggesting the driver was deliberately targeting women a facebook post apparently from his account celebrated the man behind the two thousand fourteen california mass shooting incited a rebellion of sexually frustrated people in toronto christine orem bloomberg daybreak europe global news twenty four hours a day on air at tick tock on twitter powered by more than twenty seven hundred journalists and analysts symbol than one hundred twenty countries i'm dan guarantees is blamed like marcus thank you very much indeed leon now still ahead here on bloomberg daybreak europe this morning mno mccall says that he wants to negotiate a new agreement with iran this after president trump threatened these lama republic we're going to go live to paris to talk about what this actually means we did of course see oil prices ease yesterday essentially yeah geopolitical concerns easing emmanuel mccall was this are you.

paris president bloomberg leon dan christine omen toronto luigi demayo emmanuel mccall switzerland trump iran marcus twitter europe facebook democratic party twenty four hours