Paul Volker Was 92 When he Passed Away on Sunday
Volker was the former chairman of the Federal Reserve and a towering figure in finance. He famously took over America’s central bank in 1979 when inflation was well past double digits and managed to tame price increases. It came with a cost, though: Volcker sent the economy into a deep recession.
Wall Street is famous for capturing those who would regulate it, but Volcker maintained a reputation for independence. After the financial crisis, he was in the spotlight again, this time arguing that bailed-out banks shouldn’t be engaged in proprietary trading—you might know it as the Volcker Rule.
Canopy Growth Stock Gained 14% on Monday
That’s quite the increase even for a pot stock—those tend to be pretty volatile.
Why did it jump? The Canadian ca nnabis company announced that it has found a new chief executive: David Klein, who will be leaving his current role as CFO of beverage company Constellation Brands (STZ). Constellation has been investing heavily in marijuana and owns 38% of Canopy.
该股大幅上涨的原因是什么？这家加拿大大麻公司宣布已物色到新的首席执行官：大卫·克莱恩(David Klein)，他将离开目前担任的饮料公司Constellation Brands (STZ)首席财务官一职。Constellation Brands一直在大力投资大麻股，并持有Canopy Growth (CGC) 38％的股份。
Canopy’s stock (ticker: CGC) has fallen by more than half since July—that’s when the company fired its then co-CEO Bruce Linton after disappointing results.
PG&E Now Expects to Pay $13,5 Billion to Settle Legal Claims
—related to wildfires. It’s almost $5 billion more than what the beleaguered utility had originally offered, but it will help the company move forward with its complicated bankruptcy process.
There is, however, a catch—and it’s a pretty big one: The settlement has to be approved by California’s governor, Gavin Newsom. And Newsom is pushing for concessions from the company—like letting the state appoint some board members.
PG&E (PCG) has not agreed to this yet. The company says it expects a decision from Newsom on whether he’ll back the deal by the end of the week. And ultimately, a court must also sign off on the new deal before PG&E can go forward.
翻译 | Anqi
《巴伦》(barronschina) 原创文章，未经许可，不得转载。英文版见2019年12月10日报道“Canopy Growth Jumps 14%, and Two More Numbers to Know”。