Democrats stick with Schumer as leader. Their strategy for countering Trump is far less certainServices board starts budget talks, pitches 9.82% increase
NAMI Minnesota announces four new board members at annual conferenceTORONTO (AP) — Prime Minister Justin Trudeau told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products , a Canadian minister who attended their recent dinner said Monday. Trump threatened to impose tariffs on products from Canada and Mexico if they don’t stop what he called the flow of drugs and migrants across their borders with the United States. He said on social media last week that he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders.
Democrats stick with Schumer as leader. Their strategy for countering Trump is far less certain
The NNPC Ltd stated that it has successfully re-streamed the Port Harcourt Refining Company as promised The development marks the start of the plant's processing of crude oil and the introduction of petroleum products into the market Mele Kyari claimed that the commencement of the loadout activities is the start of a new era of energy independence PAY ATTENTION: Got a Minute? Complete Our Quick Survey About Legit.ng Today! Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market. The NNPC Ltd claimed it has fulfilled its pledge of re-streaming the Port Harcourt Refining Company (PHRC). In a statement on its X page signed by Olufemi soneye, the Chief Corporate Communications Officer, NNPC limited, it stated that the development signals the commencement of crude oil processing from the plant and delivery of petroleum products into the market. The corporation claims that on Tuesday, November 2024, trucks started loading petroleum products, such as Household Kerosene (HHK) or kerosene, Automotive Gas Oil (AGO) or diesel, and Premium Motor Spirit (PMS) or gasoline. Other product slates will also be shipped. Read also Port Harcourt Refinery: Tinubu mentions Buhari, others involved PAY ATTENTION: Legit.ng Needs Your Help! Take our Survey Now and See Improvements at LEGIT.NG Tomorrow According to Mr. Mele Kyari, the start of the loadout operations marks a significant milestone for Nigeria and the beginning of a new age of energy independence and economic expansion for the nation. The GCEO expressed special gratitude to President Bola Ahmed Tinubu , GCFR, for his steadfast support and understanding of the rehabilitation project as well as his perseverance in securing the nation's energy security. Kyari also sent his sincere gratitude to the Board of Directors of NNPC Ltd. and the whole workforce for their dedication and support, which culminated in the refinery's streaming. In spite of all the difficulties, he also praised the contractors for their excellent work in making sure the refinery was delivered. In his remarks, the Chief Executive of the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed congratulated the NNPC Ltd. for the milestone and assured of his agency’s continued support towards the completion of rehabilitation work at the other refineries. Read also NNPC Fuel: Former Presidential Aspirant Speaks on Port Harcourt Refinery Commencement Port Harcourt refinery finally commences crude oil production Legit.ng reported that Crude oil processing has now begun at Rivers State's Port Harcourt Refining Company (PHRC) Ltd. Femi Soneye, the chief corporate communications officer for the state-owned oil company, verified this information via his X handle with a video of the refiinery. Soneye said truck loading will also commence on Tuesday (today), November 26th 2024. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: Legit.ngThe outcome of elections can shape policies and decisions for years to come, and it's no exception in the U.S. Following Donald Trump's election as the 47th president of the United States and Republicans gaining control of the Senate and the House of Representatives, some companies and industries could potentially benefit from the change in administration at the national level. Others, not so much. One industry that potentially stands to lose is the cannabis market. And as one of the leaders in this space, Tilray Brands ' ( TLRY 2.29% ) prospects could take a hit. Tilray is banking on legalization The cannabis industry has faced significant challenges since Canada legalized recreational use of marijuana in 2018, from fierce competition to stringent rules to operate in the sector. Companies in this space have, by and large, performed terribly. Tilray is no different. The company's revenue and earnings -- or lack thereof -- have been inconsistent at best. TLRY Revenue (Quarterly) data by YCharts . And to the extent that Tilray's top line increased at a good pace in some quarters, much of it was due to acquisitions. That's why the company decided to diversify away from its Canadian cannabis operations, notably entering the beverages market. Thanks to a series of acquisitions, Tilray is now the fifth-largest craft brewer in the U.S. The company hopes to eventually combine these two markets if cannabis legalization happens at the federal level in the U.S. In fact, Tilray's CEO, Irwin Simon, said, "Upon legalization [in the U.S.] one day, we will infuse these drinks with THC, with CBD, but we'll have the distribution, and we'll have the brands when and if legalization does happen." There could be a lot of money to be made here, but not anytime soon. States reject legalization measures On election night, three states had the opportunity to legalize adult recreational marijuana use: Florida, North Dakota, and South Dakota. All three states rejected the measure. For what it's worth, voters in Nebraska voted in favor of legalizing pot for medical use, but that's cold comfort for Tilray and its peers. Individual states rejecting the opportunity to legalize recreational cannabis won't matter even if the substance wins at the federal level. But that now seems less likely to happen in the near future. Florida, North Dakota, and South Dakota all voted red during the election. This highlights an important point: Republicans are less likely to support legalization. A Gallup poll conducted last year found that 55% of Republicans are in favor. The national average is 70%. Among Democrats, it's 87%. In fairness, President-elect Trump, a resident of Florida, said he would support legalization in his state. However, he has also opined that it should be a state issue, which means he wouldn't necessarily support a federal law to that effect. Tilray Brands isn't worth the trouble Tilray's prospects don't rely solely on the U.S. market. The company has made progress in Germany, for instance. However, the U.S. space is the most lucrative, and the cannabis grower's plans in the country aren't looking so good now. Where does that leave Tilray? Most likely worse off than it was before the election, and things were already bad. Don't expect Tilray to bounce back from the struggles it has faced in recent years. The company's financial results will most likely remain unimpressive. Stock market performance should follow the same path. In short, Tilray isn't an attractive stock pick right now. Investors should stay a safe distance away.
Remains found in 1973 identified as Pennsylvania teen girl who left for school and never returned