Trump Signals Major Shift on U.S. Cannabis Policy as Pot Stocks Surge
Cannabis stocks jumped after reports that President Trump may push to reclassify marijuana to Schedule III, easing restrictions and boosting industry prospects.
Cannabis stocks jumped after reports that President Trump may push to reclassify marijuana to Schedule III, easing restrictions and boosting industry prospects.
Hertz missed Wall Street forecasts with a 63-cent adjusted loss in Q4 due to government shutdown, flight chaos, and soft used-car prices. Revenue stable, full-year progress strong, and mid-single-digit growth expected in Q1 2026.
Sandisk (SNDK) rises 3% in premarket trading after teaming up with SK Hynix to standardize High Bandwidth Flash (HBF), a new memory tech designed to power efficient AI inference in data centers.
Shake Shack reported Q4 2025 adjusted EPS of $0.37 (beat estimates), revenue $400.5M up 22%, same-store sales +2.1%. Maintained margins despite costs; shares +8%. Strong 2026 outlook.