AP

96919

Same here. I like the simplicity of AP on freeway better. Just keep me in the lane at appropriate speed. I used the trial for like a day and did not like the unexpected lanes and constant speed changes to what it believed was the speed limit.

randomuser1029

>The notice kicks off a 60-day comment period followed by a possible review from an administrative judge, which could be a drawn-out process. Just an fyi, this is from an AP article on it. It's possible that it gets drawn out beyond the 60 days

thedmob

I’m talking about when the AP published end of last month and we ran 20-30% and then gave it all back. I realized then the shenanigans are likely to continue a lot longer than I hoped. It’s possible there will be a spike at some time before but I expect it will take uplisting or a strategic acquisition to make these things run hard. Could have solid slower runs. CGC has certainly performed really well past couple months.

feeshNjolf

The AP article made a lot of people gun shy. I know it doesn't really matter at this point, but if that never came out, we would be mooning right now.

MachineWins

Last time people weren’t expecting it, caught a lot people off guard, since AP got an insider scoop, it’s somewhat priced in, should be a steady rise from here (I hope)

chasfly34

AP has it!

chasfly34

AP has it!

moneymonster420

No last week was the AP news agency story which was just a rumour, nothing confirmed, but once the proposed rule gets posed to the federal register / there is an announcement, it becomes official. That's why cannabis stocks faded the last 2 weeks on that pop, because it was just a rumour, while this is offical.

Samjabr

Where the F are these guys getting all this money? Remember when bailing out the entire US economy/banking system/market collapse was $800 billion and people were just shocked. I feel like we now spend that much every few months on new AI factories and bombs for 3rd parties. [Bipartisan Senate group urges $32 billion in emergency spending on artificial intelligence | AP News](https://apnews.com/article/artificial-intelligence-ai-investment-congress-millions-8f3a051faadc50d2366e8a88a69c5470)

Zann77

Pay an hourly fee for service. Do not commit to a wealth advisory service/financial advisory (I paid 3/4 of 1% of total money managed-that’s a real money suck, especially if you follow AP938462’s advice to keep it simple). The stockbroker may want to split your money up in a bunch of funds and bonds, but he’s not likely to do any better long term than just following advice in r/bogleheads, which you can do yourself for free. You can open a brokerage account online in minutes, and transfer your money in another couple of minutes. Dont let anybody sell you bonds. So far, I’ve lost $20-$30k in bonds. I can’t bear to add it all up. I was where you are just 3 or 4 years ago, although I’ve had investments for 30+ years. I lost a good bit of money letting the financial advisors manage my accounts for a few years, and had to do something. I’ve learned a lot just reading Reddit and following up studying what the smart people say.

WinningWatchlist

You're telling me that DFV, [tweeting out that he's looking at GME,](https://twitter.com/TheRoaringKitty/status/1789807772542067105) which caught media attention from major news outlets like: [CNBC](https://www.cnbc.com/2024/05/13/gme-jumps-as-trader-roaring-kitty-who-drove-meme-craze-posts-again.html) [Bloomberg](https://www.bloomberg.com/news/articles/2024-05-13/gamestop-surges-as-roaring-kitty-return-adds-fuel-to-rally) [WSJ](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-14-2024/card/who-is-keith-gill-the-roaring-kitty-whose-tweets-are-driving-a-gamestop-frenzy--JmYYoyzZTO3z3Xbp5002) [AP news](https://apnews.com/article/meme-roaring-kitty-gamestop-amc-stocks-401916acd3715d35cc0220143b26b2ac) [Barron's](https://www.barrons.com/articles/roaring-kitty-gamestop-stock-c2e415a1) and [USA Today ](https://ftw.usatoday.com/2024/05/gamestop-stock-roaring-kitty-tweet) are doing this for fun? Really?

roostersauce_26

I think the AP article bragging about their journalists said 4/26

Gambelero

I think it happens quickly. OMB is a political operation. I see almost zero chance that they don’t go along. A corollary to that, though, is that we may not see much of a bump when the proposed rule, itself, hits the federal register. Unlike the HHS recommendation, the reasonings and justifications for the findings relative to the eight criteria have to be published for public comment. You can expect a lot of volatility as the probabilities and timeframes shift and adjust based on perceptions about the process. I have a lot of confidence in Milgram and feel that many people here owe her an apology. If they would have half-assed the eight-criterion evaluation and published it in March (or earlier), we would be mired in legal challenges right now. They worked really hard and spent an extra 60 days to make sure they dotted all the i’s and crossed all the t’s relative to the scientific reports. And no leaks there. The AP found five different sources the same afternoon the OMB got the report. Also, she could have pulled a Schumer and basked in the photo op/interview circuit limelight. Instead, she just said. “It’s not appropriate for me to comment.” We could use a lot more talk less/work more in our government.

manualCAD

Fertig being salty online is probably due to AP breaking this story and not Politico. Very salty. https://www.ap.org/news-highlights/best-of-the-week/2024/ap-exclusively-breaks-news-that-dea-moving-to-reclassify-marijuana-as-a-less-dangerous-drug/?s=09

Willing-Body-7533

If they run out of liquidity and cannot make critical AP obligations like payroll mentioned, they will file BK and secure DIP loans to cover the obligations. This will crush equity and leave little for debt holders, depending.

Wreckzone

[DEA Agrees To Reclassify Marijuana Under Federal Law, AP Reports (forbes.com)](https://www.forbes.com/sites/ajherrington/2024/04/30/dea-agrees-to-reschedule-marijuana-under-federal-law-ap-reports/?sh=5bdc2fec1d49)

Ethanbob103

I feel like you’re assume their entire AP and Exp is going to all be due at the same time, this can (excluding long-term) be as far dated out as December.

eyegi99

A little BTS on the AP breaking the rescheduling news last week: https://www.ap.org/news-highlights/best-of-the-week/2024/ap-exclusively-breaks-news-that-dea-moving-to-reclassify-marijuana-as-a-less-dangerous-drug/

appreciatescolor

fucking boomers in the AP article about DFV thought his pinned tweet was today 

Sea-Ad-271

Nothing because I have stupid AP exams all day…

paulfdietz

No, *you* are mistaken. There's been plenty of local support for nuclear construction. It's just that the financial case isn't there, even with considerable federal subsidy. Most recently, NuScale's CFPP failed for this reason. They had plenty of support in Idaho Falls where the thing would actually be built, but they couldn't sign up enough utilities because the price became uncompetitive. Before that, most of the AP1000 builds in the US were abandoned, even with large federal loan guarantees, because they couldn't compete. Most of the time when you hear about "local opposition" it actually means "local and state governments weren't willing to subsidize us to the point we'd make money". It's not fear of accident, it's reluctance to spend huge amounts of extra money.

datafisherman

This is my gf's birthday weekend, so I will be less indulgent in investment theorizing than usual. Expect a more thoughtful reply sometime tomorrow. I broadly agree with u/pl_fanat1c, but the most straightforward way to handle it is do a DCF on the shares, not the enterprise. Use EV for your multiple, but make your output share price, not EV (or market cap). If you wanted to be conservative, just reduce debt instead of touching share count. Eventually, you'll start earning your interest rate, rather than paying it - this will lower bound your return on the buybacks if other conditions are present (mainly, shares are undervalued).   For u/AP9384629344432, a formal reference on how to generally think about it: [Cost of Capital & Capital Allocation: Investment in the Era of "Easy Money", Michael Mauboussin & Dan Callahan (Feb 28, 2024)](https://www.morganstanley.com/im/publication/insights/articles/article_costofcapitalandcapitalallocation.pdf) In particular, pages 9-12. This helped clarify my thinking on the matter, but otherwise I would suggest reading Thorndike's *The Outsiders* for an even more general approach.   Now, the dishes await!

ExitLow4741

My understanding was that it was a source from the DEA speaking to the AP - not the organization itself saying announcing its decision.

LiquefactionAction

The subscribers was a bit of an issue with the Utah-specific project, yeah, but not the only issue. It's estimates for per-Megawatt were like 250% higher than even the Georgia project. And overall, the estimated unsubsidized cost of these from Lazerous was $141 - $224 per megawatt, that's really fucking expensive [https://www.lazard.com/media/2ozoovyg/lazards-lcoeplus-april-2023.pdf](https://www.lazard.com/media/2ozoovyg/lazards-lcoeplus-april-2023.pdf) https://preview.redd.it/mw8e1ie8dpzc1.png?width=994&format=png&auto=webp&s=f41c32c50a6e3322f3254c412b2b61a213135286 And then there's this (before the project imploded catastrophically): [https://static.ewg.org/upload/pdf/FINAL\_NuScale\_analysis\_for\_EWG.pdf](https://static.ewg.org/upload/pdf/FINAL_NuScale_analysis_for_EWG.pdf) >On January 2, 2023, UAMPS released a set of “talking points” that provided a new cost estimate: from the **$5.32 billion, the project is now estimated to cost an eye-popping $9.3 billion f**or just 462 MW of power capacity.xlii In per kilowatt terms, that estimate for the **UAMPS project is around 250% more** than the initial per kilowatt cost for the Vogtle project in Georgia, which consists of two AP1000 reactors capable of generating 1250 MW each (gross capacity), at a comparable stage – that is, when it was still on paper. The Vogtle cost has since exploded from $14 billion to over $30 billion as the reactors near completion.xliii A similar fate may await the UAMPS project if and when construction starts. > >After all, nuclear reactors have routinely exceeded initial cost estimates. O**ne historical survey found that 175 out of 180 nuclear construction projects had experienced cost increases and delays. Cost escalations averaged 117 percent; and construction took 64 percent longer on average than projected**.xliv And the cost of the UAMPS project will likely further increase prior to start of construction, especially if NuScale has to modify its design to address the safety issues identified by ACRS and NRC. > >Even before the recent escalation in costs, NuScale has been struggling to raise investment capital. Its key investor, Fluor, has been systematically trying to reduce its equity stake in NuScale and has ceased to invest in it; as a result, NuScale is looking for other investors.xlv As early as 2019, a senior > >Credit Suisse analyst wrote to investors recommending that Fluor could reduce “underperforming investments,” including its NuScale small modular nuclear reactor startup “which is long overdue, in our opinion”.xlvi The NuScale holding is a very small part of Fluor, which is a large, multi-billion dollar multinational construction and engineering firm. > >As of 2021, the total investment in NuScale has been over $1.1. billion, including around $400 million from the Department of Energy (DOE).xlvii The DOE has supported NuScale through competitive and non-competitive awards, most prominently a $226 million award from 2014-18 and an ongoing $263 million award for 2020-24. In 2020, DOE also awarded $1.355 billion for the UAMPS NuScale project to be used by 2030.xlviii The Government Accountability Office (GAO) has criticized the lack of oversight of these awards; as of September 2022, when the GAO published its report, DOE’s Office of > >Nuclear Energy were still “developing their oversight plans”.xlix > >Despite this handsome support from the DOE, NuScale is clearly in need of much more funding. Specifically, NuScale has created a special purpose acquisition company (SPAC) as a way to obtain public money.l In April 2022, two Japanese companies, Japan NuScale Innovation and Japan Bank for International Corp., purchased a part of Fluor’s equity in NuScale for $110 [million.li](https://million.li) Fluor, however, “remains the majority owner in NuScale”.lii NuScale’s stock price (Symbol: SMR) has been stagnant around $10 per share. Capital woes may well be part of NuScale’s rush to get in a certification application France, which has some of the highest nuclear power of any country and the most extensive working knowledge of building nuclear power, is spending $15 billion on their Flamanville 3 project, and most importantly, it's 4x more expensive than what it was initially budgeted for, and has gone from a 4.5-year timeline to a 16-year timeline. And this is a country with the highest amount of nuclear engineers and experience! That's insane if even the most experienced people with a huge working base for constructing and maintaining nuclear can't even do it affordably. What hope do these plucky tech moguls with no idea what they're doing have? Like I actually love nuclear, it's a shame what America did in the 70s-80s shutting most of it down, but it's not a practical privatized venture. Investors won't have the patience for that much expensive, extremely overbudget, capex spending when it can be invested elsewhere for much higher ROI.

jgooody

Threw in some powder the morning after S3 announcement from AP, I am now almost down 50%. Never change cannabis stocks 🙌🫡👌

creemeeseason

u/AP9384629344432 It doesn't change the long term prospects, but we talked about HCC performing better than AMR of late....IBD put it on [watch](https://www.investors.com/ibd-data-stories/stocks-to-watch-warrior-met-coal-sees-rs-rating-jump-to-93/) for a breakout to the upside.

Davetology

The Vogtle plant is a story by itself with many wrongdoings from everyone in that project, but the next AP1000 will be built faster and cheaper and the next even cheaper and so on. Because the west hasn't been building reactors for a long time except a few, the knowledge and supply chains has to be built up again, that takes time and money but will get better after every reactor completion.

Maximum_Band_7492

You are making my point: BRK doesn't pay dividends! They sit on the cash and buy quality companies, adding it to their portfolio. At $5B each, They could build 40 Westinghouse AP-1000 PWR power plants all over America, meeting AI demand and giving America energy independence. On top of that, they would again have cashflow and be able to buy other things like Dollar Tree, Goodyear and other bread and butter companies. Paying dividends and share buybacks show a lack of imagination but I get it: its a marketing move to keep the investors happy.

nachohk

You have described my own change in attitude and the reasons for it very accurately. The response to the pandemic has damaged my trust in medical experts and authorities irreparably. At first, I just thought it was kind of weird how quickly we went from articles about how vaccine development takes years and how we need to focus on mitigating the pandemic in other ways, to hey look at these new vaccines! The fastest ever produced, thanks in part to an abridged testing process. Shhh, don't mind all the prior scientific literature about ADE and other risks of vaccinating against coronoviruses that may not become apparent with such a short period of testing. And then, I just thought it was great that vulnerable people had the option to take an experimental vaccine, and as for myself I just planned to continue working at home, social distancing, wearing a mask, and keeping the risk of exposure very low in the first place. But then my decision to do everything _but_ take an unproven vaccine was increasingly met with derision and hostility. And then drugs with proven effectiveness and safety got new, derisive names like "horse dewormer" when some doctors found they might at least be better than nothing for treating severe cases of covid. A single isolated incident of a couple of idiots in Arizona who weren't even ill massively overdosing on drugs was reported as though what they had taken unreasonably large doses of was inherently dangerous, and as though anyone who might be more willing to take a drug of proven safety if uncertain effectiveness than a covid vaccine was a total moron. It was disappointing to see, but not extremely surprising. After all, the potential for profit on those other drugs was so much lower. And then AP News reported that, in the early days of the pandemic, the WHO provably told politically-motivated lies about covid. _Very impressive, and beyond words._ A motto for what should have been the total revocation of trust in everyone involved. Words I will never forget, though I think everyone else probably has by now. And then my government introduced a vaccine passport, and threatened very serious removal of rights from those who had not been vaccinated. Thank goodness that at least this was fairly short-lived. The months of seriously elevated stress I felt in that period did more damage to my health than covid ever did. The stress of wondering what the hell had gone wrong that people were being put under such pressure to accept this injection, even while I watched covid stats in my country skyrocket as those who accepted the vaccine were encouraged to stop worrying about social distancing. What was the purpose of all this? Whatever it was, it clearly wasn't to prevent infection or death from covid. As vaccine uptake went up, so did the covid stats. I still wonder. Optimistically, I'd like to believe that it was merely ordinary corporate greed and political face-saving at the root of everything. The pharma companies oversold it, the politicians overspent on it, now the last thing anyone is going to do is admit that maybe we jumped the shark. In any case, whatever it was, I no longer have the least trust in "experts". I view pharmaceuticals in general and vaccines in particular with a great deal more skepticism than I used to. Because the vaccines didn't save us. The pandemic never ended. We just got used to it.

bananastock

Every name gave up all the AP S3 gains except for maybe cura by a few pennies

bananastock

I understand what you are saying but the volume was so large, it didn't matter. He said when he was in, and he said "I'm selling the news" literally 37 minutes after the article came out. I dont think he was trying to trick anyone. However, I do think that thinks like AP getting the info and releasing the article could have been prompted by hedge funds. There is all kinds of manipulation like that happening. Whether or not this was is impossible to determine.

lufisraccoon

Another market maker would take the failed AP's place. APs aren't providing a service that the ETFs are paying for. ETFs don't even pay their APs at all - APs make money by arbitraging the premium/discount of the ETF. So long as there's a premium/discount, APs will exist - and the longer it takes to find a replacement, the further the premium/discount will spread, incentivizing APs to come to the table.

bananastock

I actually just looked to confirm he tweeted at 8:33 the morning the day the AP news article came out at 1pm. [https://twitter.com/DougKass/status/1785286284090441823](https://twitter.com/DougKass/status/1785286284090441823) I didn't go back far enough to find where he said "re-entered MSOS at X.xx" One would suspect Doug either knew about the article ahead of its publishing or he heard a rumor down the telephone line (just like Kevin from Sam a day or two before) that it was coming. Then, the AP article comes out and Doug Kass makes millions of dollars, retail fomos buying into his selling and everything undwinds over the next week.

UFO-crackpot

raise your hand if you inadvertently got in over your head after last week's AP report.

bananastock

Gamma is increasing rapidly as we approach May OPEX next week. AP S3 aside, volatility should increase in either direction soon.

xboxpants

Her quote was, "The formal rulemaking process is ongoing." Informally, the cat is out of the bag, yes. But formally, it isn't. That's what people meant when they said the official announcement hasn't come yet, and this is why that matters. AP and others found sources willing to speak *anonymously*, Marijuana Moment found some rando DEA employee that gave a statement on the record, but when acting as a government authority, DEA and others still aren't going to talk about what's happening. There's tons of details still to learn. AFAIK it could still even be bifurcated re: recreational/medical. Some of these details could potentially shift around, still. If this admin wants S3 to be a campaign plank, they'll want to be able to make a clean announcement to build momentum. If they keep having to go back and revise what's actually happening, that's a more confused message and it's harder to sustain hype. So, it's better to wait until everything's sorted before they talk about it, for them.

Benromaniac

Im not talking about whether Milgram signed or not. Multiple anonymous sources told AP rescheduling is moments away. Did Milgram or any official come out and say that was untrue? Unless they did these rumors of internal politics are not to be taken seriously at all.

WilsonTradesMaui

Yeah the DOJ confirmed the AP report on rescheduling afterwards so not sure why stocks reacted so dramatically. Traders are getting skittish

ItinerantDrifter

Agree... It might be technically true, but most likely meaningless. In my world the AP still ranks much higher than Kevin Sabet.

Hoof_Hearted12

Gonna trust this guy over AP?

letskill

If you read the study [here](https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.ch.vanguard/content/dam/intl/europe/documents/en/putting-a-value-on-your-value-quantifying-vanguard-adviser-alpha-eu-en-pro.pdf&ved=2ahUKEwi3j-Cb0PKFAxVl4ckDHcO7AP8QFnoECA8QBg&usg=AOvVaw0hLjplbaxJ01lg568z5-fy), you will see that one of their argument is that advisors will select low expense ratio funds for you. Quite ironic.

vsMyself

AP?

bananastock

Its the structure of the ETF, the AP's having a hayday, and the market makers hedging. This will not stop until uplisting or different demand structure.

PatchyCreations

Gotcha, I was going off the AP report, saying they had spoken to 5 anonymous sources

PatchyCreations

there was no s3 news, just AP reporting anonymous hearsays

Mantis_Toboggan_PCP

Find an RIA with CFPs and talk to them. Don’t listen to Reddit 18 years olds who took AP economics in high school

hoodedharolded

Just thoughts from the garden: If you are not familiar with the limitations of institutional flows or even what an institutional flow is, you should go research that and hopefully it helps with the patience required to be a long term investor here or anywhere. None of these “financial experts” will matter once the sell side starts to really publish on uplisted names. If you don’t know what the sell side is, Google is a very helpful resource. TA is useless. Name the most successful investors you can think of and then tell me how many of their big wins were based on TA. Quant firms are real. Twitter momentum traders are not quant firms. It’s called the market not the macro. Macro factors contribute to market movement. When the AP and WSJ publish, that’s real news. Valuations will be done on earnings multiples, previous ATH figures should not be your basis. There will be an M&A cycle. Notwithstanding the foregoing, I support the therapeutic benefits of complaining in this group, though. Community is important. I’ve been in the space since 2017 and mostly just read from the background. I will now return to the garden and bury myself in dirt pretending I’m a carrot.

phatbob198

The AP report was **confirmed** by the DOJ.

Desperate_Move_5043

I have a pretty rudimentary understanding of markets, but today’s price action didn’t come as a shock to me. Excitement was running high, higher than the markets felt it deserved, and we paid for it today. When we get some concrete news, I feel like things are going to get crazy. Can’t have a violent rerating of an entire sector based on just an AP report.

JimboJones42O

Heard that. I didn’t even flinch today. We’re less than 24 hours since the AP article and haven’t received the official announcement yet. I have a feeling these big pops and dips are going to be the standard around here for the next few months. Here’s hoping the ups outweigh the downs.

phatbob198

Read this name right in the middle of my quote: >...**Justice Department Director of Public Affairs Xochitl Hinojosa**. That was not anonymous sources. It was the DOJ **officially confirming** the AP story (the one that had anonymous sources).

TyLeo3

Unfortunately, people took it a FUD, but just trying to do smart investing. I am fully loaded on stocks, I have no interest in going down again. Agreed, a lot of news went out at different time, so the timeline is important. Schumer and Nance will certainly react to it, yet, from what I see, they just embrace the news reported by AP. I will do more research on my own, i will find the DEA or DOJ release notes. Thanks

Several-Ad-5704

A lot of news was published yesterday. If you look for it you will find it. AP was first to report the runner. Then a spokesperson from some DOJ agency confirmed it last night after hours. Even Chuck Schumer, senate majority leader, released a statement praising DEA decision to reschedule to S3. It's out there. The process is what it is that it will take another 3-4 months for it to become law. Just look in this sub even at all the articles posted yesterday and do some googling.

reneegulae

Multiple sources and the AP doesn’t release news that isn’t vetted so you can believe it.

phatbob198

I saw this further down, but the flood of comments can drown stuff out. DOJ **confirmed** the AP story: >"Today, the Attorney General circulated a proposal to reclassify marijuana from Schedule I to Schedule III,” Justice Department Director of Public Affairs Xochitl Hinojosa said in a statement to Marijuana Moment on Tuesday evening. “Once published by the Federal Register, it will initiate a formal rulemaking process as prescribed by Congress in the Controlled Substances Act.” https://www.marijuanamoment.net/dea-agrees-to-reschedule-marijuana-under-federal-law-in-historic-move-following-biden-directed-health-agencys-recommendation/

Ivory_Lake

Do what you have to do. Everyone here is forgetting that what we're moving on is hearsay. Granted AP may be reliable but I've been here before years ago and damn near lost everything because a keebler elf declared war on black people(im paraphrasing). Say this report isn't entirely factually correct, since all the DEA APPROVES DOJ APPROVES posts are either broken links or someone's uncles blog post. Worst case, they put the cart before the horse and the whole thing falls through. Or one of the suits knows what's coming and they did this to offload some weight. Rumor is false, market tanks, cheap shares get sucked up, and hold through the election cycle for the next run. Maybe it's half right, and we get radio silence until the announcement date that the DEA is putting weed rescheduling under *considerable consideration*. Definitely a dip in the meantime and low re entry point. I know what it's like to be excited, to see the numbers go up. It's okay to see the money, don't let it be all you see.

defnotIW42

Boris is claiming he was informed about S3 before the AP Report by a Trump Official. Wtf

phatbob198

I know the AP sources are very likely to be valid. It doesn't change my choices either way, I'm just saying that I am not getting excited until the DEA officially confirms it to be true. Even then, I'm holding my real celebration for when the rescheduling is actually finalized.

Ausdummer

AP is not anonymous and they chose to run with a major statement headline. Don't get burned Mr. Caution.

Ausdummer

AP will not redact that type of headline story regardless of how we feel about media and the turbulent weedstock pain we have felt for years. They made a major statement on insider leads that they have to confidently state it. Do what you want fellow bagholder, I will view this as the bird chirping in the mine, times are changing now

RogueJello

Front page news rumor posted by the AP that the DEA is going to approve, based on 5 anomymous sources.

bananastock

With the underlyings so illiquid, now is when the real fun starts - inflows turn into AP's buying shares to deliver. Power hours going to be glorius. Plus, Market makers need to buy and hedge.

defnotIW42

Fuck me “The DOJ’s decision was first reported by the Associated Press, and confirmed to POLITICO by an administration official familiar with the matter who was granted anonymity to speak candidly. That official stressed the move is not yet a done deal, but confirmed the process is heading toward a reclassification.” We are at 6 sources now. 5 from AP and 1 from Politico. Someone pinch me, i still think i am dreaming

chasfly34

*(This is a developing story, so check back for updates.)* In an unprecedented development with revolutionary implications for the American cannabis industry, the U.S. Drug Enforcement Administration is [loosening federal restrictions on marijuana](https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8) and concurring that the drug has medical value, the Associated Press reported Tuesday. The DEA is agreeing with [an August 2023 recommendation](https://mjbizdaily.com/biden-health-officials-say-marijuana-should-be-rescheduled/) from federal health regulators to move cannabis from Schedule 1 to Schedule 3 of the Controlled Substances Act, the AP reported, citing five anonymous sources “familiar with the matter.” The DEA’s decision must now be reviewed by the White House Office of Management and Budget, according to the news service. “Now the real work begins,” Shane Pennington, an appellate attorney and partner at Washington, D.C.-based Porter Wright, told *MJBizDaily*. Once the White House signs off on the move, a [comment period is expected](https://mjbizdaily.com/dea-must-make-good-on-marijuana-rescheduling-democratic-lawmakers-say/), only after which will rescheduling become law. That could take as long as 90 days, but an exact timeline is not known. DEA representatives could not immediately be reached for comment.

defnotIW42

Summary: AP got 5 sources saying its a done deal. The links is somewhere down there

Many_Easy

Funny how people are buying right now, when they had all the time in the world to buy before today’s AP news. Shows lack of conviction, plus they missed the first 20% of the rally. They’ll be the first to sell if the rally continues. And the first to buy on future gaps up. So, FUD now turns to hype and FOMO again. Congrats to all who DCA and bought near recent ATL. Whether this rally and news holds, it’s the macro view that shows substantial progress over the last 10-30 years and bright future for this industry.

mrpuma2u

Yes, I believe my link is an MSN re-tread of the AP story.

Puny_Pixel

[https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8](https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8) # US drug control agency will move to reclassify marijuana in a historic shift, AP sources say

phatbob198

**Anonymous** AP sources gave info: >The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter **who spoke on the condition of anonymity** to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in over 50 years can take effect. I'll believe it when I see it from the DEA (obviously I hope it is true).

thesavageinn

[US will reclassify marijuana in historic shift: AP sources | AP News](https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8)

Many_Easy

**”I expect all this to happen based on surprise news and when we least expect it.”** Congrats everyone! Got our surprise today from AP. Let’s get it in writing and identify these sources. I do trust the AP as a very good source.

defnotIW42

Its the AP, they obviously have enough credibility. Misreporting would literally cost 4 Authors their job and a potential stock fraud investigation. I buy it

phatbob198

The sources are **anonymous**. >The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter **who spoke on the condition of anonymity** to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in over 50 years can take effect. I'll believe it when I see it from the DEA (obviously I hope it is true).

WinnerTakesAll2021

Anyone follow weed stocks? They are being reclassified by the DEA. Link below [US will reclassify marijuana in historic shift: AP sources | AP News](https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8)

phatbob198

It was **anonymous** AP sources. >The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter **who spoke on the condition of anonymity** to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in over 50 years can take effect. I'll believe it when I see it from the DEA (obviously I hope it is true).

Many_Easy

At least the AP is more reputable than the other sources.

sako9

Dea to reschedule cannabis confirmed by AP sources

phatbob198

The AP reported on anonymous sources. I'll believe it when the DEA oficially says so.

phatbob198

They are just reporting what AP reported. >The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter **who spoke on the condition of anonymity** to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in over 50 years can take effect. (Obviously I hope it is true) I'll believe it when I see it from the DEA.

phatbob198

>The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter **who spoke on the condition of anonymity** to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in over 50 years can take effect. I'll believe it when I see it from the DEA. (Obviously I hope it is true).

Kbarbs4421

The AP is about as legit as you can get in journalism. They aren't likely to report unconfirmed rumor.

defnotIW42

MM jumped on it, but this is coming from AP Sources so it makes sense that only AP got it.

More_Advertising_383

Zero headlines beyond this AP News link???????

phatbob198

>The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter **who spoke on the condition of anonymity** to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in over 50 years can take effect. I'll believe it when I see it come from the DEA.

defnotIW42

I will probably never recover if this one of these fake rumors, but its the AP so i allow myself some hype?!??????

phatbob198

>The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter **who spoke on the condition of anonymity** to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in over 50 years can take effect. I'll believe it when I see it.

SirGlass

Well you can buy options (calls and puts) on a stock, and currently options gains or losses are treated as capital gains just like a stock. Now options pricing is a bit complex but embedded as part of the price of an option is the risk free rate of return or the short term interest rates So you can buy sell offsetting options that will allow you to basically lend money at the short term rate or borrow money at the short term rate Basically you can buy/sell offsetting options that will garantee you a profit when they expire , and this profit it going to mimic the short term rates So you could for example setup a box spread that will expire in 1 year for $100 , and it will expire with a profit 5.35 based on the current interest rate. However you are using options to do this not buying bonds or mmf and the option gains/losses are usually treated as capital gains Combine this with heartbeat trades that allows ETFs to unload their capital gains to AP box should just keep going up at the short term interest rate. So if short term interest rates are 5.3% box should go up 5.3% in price (probably a bit less for the expense ratio) And because it uses box spreads its saying the gains should be capital gains, now some people say the IRS might crack down on this trick but thats the short of it

GlorifiedPlumber100

I apologize for the lack of clarity. The NRC comes back with requests for more information. And the do it over and over and over again. If a company has near infinite resources, then they get through the approval process because the NRC eventually runs out of questions (see, for example, Westinghouse with the AP-1000). Sometimes a company runs out of money before the NRC runs out of questions (see, for example, M-Power). So the NRC didn't reject M-Power's application - they just didn't approve it before the money ran out. In the case of Oklo, the NRC was asking for additional information, and they felt that the company was being unresponsive after being asked multiple times. So, the NRC outright rejected their application. The documents showing this back and forth are on the NRC's web site (although most of the technical details are not included).

Kruzat

I get that words are hard but this articles is about AP not FSD

ZeroWashu

I would love to see the information they have on other brands. I do think old Tesla AP was not super strict and people made an industry out of trying to fake it out but the new FSD is attentive to the point of annoyance. All that being said, if the NHTSA is calling out Tesla they need to review all brands and seek regulations governing self driving and driving assistance features because lets face it, this wasn't exactly dropped on them in surprise, Tesla has been in everyone's face about if for over five and many other brands are pursuing the same end. Government officials have dropped the ball, almost as if they wanted the worst outcome before acting

LongDukDongle

>Several of these investors interviewed by The Associated Press say their bearish gambles using “put” options and other trading tools are driven less by their personal feelings about the former president (most don’t like him) than their faith in the woeful underlying financials of a company that made less money last year than the average Wendy’s hamburger franchise. Which one of you is moonlighting as an AP journalist?

JustmeandJas

“We meet behind Wendy’s when we lose” AP reporter “awww! These guys love fast food! What good kids! Now I just have to work out what anoos means…”

Torczyner

Mine does non of those things. Next to a big rig? It moves over slightly in the lane, more than I do as a driver. Post a screenshot of your FSD version for us as proof. Current fsd doesn't have phantom braking. You're thinking of AP.

Prudent-Elk-2845

There are times where AR, AP, Tax, HR (eg shared services) don’t follow the executive HQ

the_buckman_bandit

Moving the company for tax breaks or some other reason can make sense (although im not a big fan of tax breaks for big boy corps) Moving HQ to be “closer” is weird to me. Can’t you just spin up an Oracle Healthcare division in Nashville? AR, AP, Tax, HR, etc. all need to be closer to healthcare workers? Why not throw a name change in there while you’re busy making entire departments change mailing addresses, not to mention picking up their family again and moving them after they just moved HQ to austin in 2020 A lot of CEOs who should have quit a while ago because they have no new ideas or vision are coming up with this bland bullshit

Dlink1111

I have Pepsi in my business due to corporate contracts, and they just charge way too much for all their products. Constant price increases every year, extremely slow support, rep not “available” or it’s something they can’t help with only HQ can, AP slow to issue credits/rebate checks, terrible at sending accurate invoices and send to collections in 14days even if it’s their error. Hell I waited 3 years to get a rebate check and only got it and the other two years of checks after threatening legal action. Still waiting on a work order for equipment that I submitted in December last year and the rep says he doesn’t know what’s going on every time I call each month. Waiting for another letter here soon about how they’re going to increase the syrup bibs again this year by 5% and in turn have more pissed off customers that I had to raise my prices to cover for it. Fuck Pepsi

outwithlantern

That’s cute and all but surely redditors don’t make the total decline in sales. Would you prefer the Wall Street journal? https://www.wsj.com/business/autos/tesla-sales-decline-elon-musk-20613265 The Verge: https://www.theverge.com/2024/4/2/24118950/tesla-q1-2024-sales-decline-ev-competition-ford-gm AP News: https://apnews.com/article/tesla-sales-fall-electric-vehicle-demand-slows-1ce56d5948f9f96235b9c809e3380108 Reuters: https://www.reuters.com/business/autos-transportation/teslas-first-quarter-deliveries-miss-expectations-2024-04-02/

cookingboy

It’s funny you call others idiot when you are the one spreading misinformation. AP, Reuter, etc have all called out there are no public evidence whatsoever showing CCP pushing any agenda. Even the U.S government has said the threat is hypothetical. If you have evidence, show it. People would pay you millions. And the last part of your comment is also a lie, you can find all kinds of anti-CCP stuff on it: https://imgur.com/a/xdM1R5x You’ve never used TikTok and you are just spewing bullshit repeated by others.

ohwut

Until Tesla takes liability…ever. It’s still the next step that needs to happen. At least Mercedes believes in their system and is willing to put their money where their mouth is. Meanwhile Tesla keeps backpedaling, adding more nags, more (Supervised) subtext, and still no effort to make even base AP L3 hands free.

BagofBabbish

They’re an authorized participant, meaning they help BlackRock with the mechanics that allow the fund to track Bitcoin, unlike the OTC trusts that didn’t have these mechanisms. There’s a difference between being an AP and actively participating in the success of the asset class.