First discovered in the 1960s, Cannabigerol (CBG), a once rare, non-psychoactive molecule from which hundreds of other cannabinoids are derived, recently gained momentum as more companies and brands like Avicanna Inc. (OTC: AVCNF) learn of the molecule's therapeutic benefits in over-the-counter and pharmaceutical applications.According to recent investigations by Avicanna, CBG has similar properties to CBD, acting as a competitive partial agonist for cannabinoid receptors in the nervous system and immune cells.In a comment on the molecule, Avicanna CEO Aras Azadian said: "We know through our own research that CBG has a higher affinity to the endocannabinoid system (EDC) receptors and is showing significant potential in many disease areas."In testing, the molecule acts as an anti-inflammatory, anti-bacterial agent that regulates mood and mitigates disease-related pain. Despite CBG's immense benefits, many firms find it difficult to produce, given that it is rarely expressed in common cultivars."It takes thousands of pounds of biomass to...
(Bloomberg) -- JPMorgan Chase & Co. punished more than a dozen traders for using WhatsApp at work, firing one and cutting bonus payments for the rest.Edward Koo, who had spent almost 20 years at the firm and was put on leave in January, was formally dismissed after JPMorgan concluded he broke company rules by creating a WhatsApp group and using it to discuss market chatter with other trading employees, according to people with knowledge of the matter.Koo traded corporate bonds and credit derivatives. The cut to bonuses sparked outrage among subordinates who followed Koo’s lead in using the channel, said the people, who asked not to be identified discussing internal matters.A JPMorgan spokesperson declined to comment. Koo didn’t immediately respond to requests for comment.Messages on the WhatsApp service are encrypted from start to finish, and can’t easily be monitored by Wall Street firms’ compliance departments, a problem for companies that need...
U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak. Loeffler, who was appointed to her Senate seat in January by Georgia's governor, has repeatedly denied any wrongdoing. In a Wall Street Journal opinion column on Wednesday, Loeffler said she was not changing her investment strategy because she has to....
After weeks of historic uncertainty, global stock markets are quickly settling down from now what is now nearly a month of record share price volatility. It appears that social distancing is helping slow new cases of the coronavirus, and there is hope that the global economy will return back to normal. Many stocks have bounced significantly from their lows because of this hope, but there are still plenty of deals to be had.Some well capitalized energy firms, which are already operating in uncertain times as many economies around the world remain in standby mode from the social distancing required to keep covid-19 at bay, are also having to deal with a dramatic drop in oil prices. This was brought by production disagreements between major producing countries, including Russia and Saudi Arabia, and a major oversupply of oil. In many parts of the industry, the companies that generate strong cash flows also...
