You don't have to smoke, eat or vape it. Now, you can smear it on your body.
The big picture: CBD skincare products — which claim to hydrate, moisturize, cure acne, reduce wrinkles and even combat aging — are a big market, but nobody knows for sure if they really work.
For much of its existence, Walmart — with its "Save money. Live better." slogan — has catered to lower-income consumers, consistently offering the cheapest prices.
Now, as its rivalry Amazon intensifies, the retail giant is going after a wholly new cohort: the wealthy shoppers in superstar cities who traditionally shop on Amazon.
A lengthy text message exchange between former Trump campaign manager Paul Manafort and "Sean," presumed to be Fox News' Sean Hannity, was made public on Friday when court documents from the government’s sentencing recommendation for Manafort were unsealed.
Medallia, a Silicon Valley subscription-based software company that competes with the likes of SurveyMonkey and Qualtrics, on Friday filed to go public on the NYSE under the ticker symbol “MDLA."
The bottom line: Mediallia is still unprofitable, with a net loss of $82.2 million on $313.6 million in revenue for the year ending January 31, 2019. But enterprise software IPOs so far this year have done well, despite IPO activity having slowed.
The former Smith & Wesson has seen its stock fall badly this year, but got a reprieve on Wednesday after it released its fiscal year 2019 earnings report.
What happened: The company didn't deliver great numbers, but they weren't as bad as feared, which made the stock's 25% decline so far this year look a bit overdone.
Big companies have been cutting deals with activist shareholders, putting away the boxing gloves as a way to dodge negative publicity.
Why it matters: While activists are making a lot of noise, the silence —and behind-the-scenes dealmaking — is more representative of what's really going on.
Not-for-profit hospital systems increasingly operate more like corporate titans on the stock exchanges than the charities they promote themselves to be.
The big picture: As hospital systems have gotten larger, they have hosted more investor calls, released more financial data and attended more conferences and roadshows to attract banks and municipal debt buyers — all while health care spending continues to soar.
