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12 State Attorneys General To DEA: Reschedule Marijuana To ‘Defend Public Safety,’ Cannabis Stocks Jump

In a major development in the ongoing debate over marijuana policy, 12 Democratic state attorneys general have formally requested the Drug Enforcement Administration to move cannabis from Schedule I to Schedule III of the Controlled Substances Act.

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What’s Going On With Nvidia, Intel, Micron Stock Friday?

Nvidia, Intel, and Micron summoned to testify before Congress by the House of Representatives' China committee, causing stock prices to drop. This increased scrutiny comes as the committee focuses on tech giants with ties to China and their potential political pressure. These companies rely heavily on China for revenue, but the US government is tightening export restrictions on AI chips, impacting them. The move reflects efforts to scrutinize US companies with operations in China, with implications for the upcoming election.

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EU Cracks Down on Tech Giants: Apple, Alphabet, and Qualcomm in Regulatory Spotlight

EU Antitrust Chief Margrethe Vestager recently engaged in pivotal discussions with executives from leading tech companies Apple, Alphabet, and Qualcomm. These meetings, part of a larger series involving tech giants like Broadcom and Nvidia, were centered around crucial topics in European digital regulation, especially the implications of the Digital Markets Act (DMA) and broader competition policies. In her discussions with Apple's Tim Cook, Vestager addressed the necessity for Apple to allow apps to be distributed beyond its proprietary AppStore, delving into ongoing competition issues including those related to Apple Music. Her meeting with Alphabet and Google's Sundar Pichai focused on the design of choice screens, the company's self-preferencing practices in relation to the DMA, and the Google adtech antitrust case. These interactions underline the EU's commitment to regulating major tech companies, defining their roles and responsibilities as "gatekeepers" under the DMA. This includes making their messaging apps interoperable and giving users more control over app installations. The specifics of Vestager's discussion with Qualcomm's Cristiano Amon were not detailed, but she emphasized the broader economic and security significance of chip technology in the EU. These high-level meetings are critical in shaping the operations of tech companies within the EU, ensuring they align with the region's digital strategy and competition laws.

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