A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the ‘Google Ventures of cannabis’ (RIV)

Blair Gable/Reuters Canopy Growth, a $ 10 billion Canadian marijuana firm, is spinning off its venture-capital arm, which began trading at $ 18.44 per share Thursday morning Canopy Rivers makes minority investments in burgeoning marijuana companies as part of its goal to become the ‘Google Ventures of cannabis.’ Watch Canopy Growth trade in real time […]

A dead mall near Apple’s Silicon Valley headquarters is transforming into a $4 billion development

Eric Risberg/AP City officials approved the construction of a $ 4 billion development project just blocks away from Apple Park, the company’s new headquarters. The project was stalled for years due to concerns about congestion, traffic, and declining home values. The approval could set a precedent for future affordable housing proposals, including a $ 29 million initiative in […]

Danske Bank could be fined $8 billion after its huge money laundering scandal, analysts say

REUTERS/Ints Kalnins Danske Bank, Denmark’s biggest lender, has been rocked by a money-laundering scandal which may have involved $ 235 billion. If the bank is found guilty of any wrongdoing it will likely face a significant fine. One estimate suggests the fine could be as high as 53 billion Danish krone ($ 8.3 billion), while others believe […]

Tesla’s most credible rival raises $1 billion from Saudi Arabia

Enlarge / The Lucid Air, due out in 2020. (credit: Lucid Motors) Lucid Motors, the electric car startup we described as Tesla’s most credible rival last year, got a shot in the arm on Monday as Saudi Arabia’s sovereign wealth fund announced a $ 1 billion investment. The company aims to bring its first car […]

The DOJ just approved Cigna’s $67 billion merger with Express Scripts (ESRX, CI)

The Department of Justice just cleared Cigna‘s $ 67 billion merger with Express Scripts. The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans. Cigna and Express Scripts said Monday that they expect the deal to close by the […]

Trump’s expected $200 billion shot at China makes European stocks wobble, Asian stocks fall

REUTERS/Fred Dufour/Pool; Alex Wong/Getty Images European share markets followed Asian counterparts lower on Monday as investors took fright at news Washington was set to announce a new round of tariffs on Chinese goods. President Donald Trump’s expected announcement of new tariffs on $ 200 billion in Chinese goods drew an immediate threat of reprisals from […]

Ein Problem: Volkswagen Facing $10.7 Billion Investor Lawsuit Over Diesel Scandal

Volkswagen Group will be staring down the barrel of a courtroom next week, which isn’t anything new. The automaker’s investors want 9.2 billion euros ($ 10.7 billion) in compensation after arguing the carmaker should have informed shareholders about a diesel emission scandal before regulators got the word out in 2015. The lawsuit groups 1,668 individual […]

THE DIGITAL REMITTANCE REPORT: The new platforms disrupting a $600 billion industry (PYPL, WU, MGI)

Every year, migrants send hundreds of billions of dollars worth of remittances back to friends and family in their home country. And there's a massive industry that facilitates these payments — and has for more than a century.  The legacy remittance industry has been long dominated by cash, which requires physical locations where customers can hand over […]

The cofounder of a shaving company that’s raised nearly half a billion dollars to take on Unilever and Procter & Gamble explains how he’s building a brand to last 100 years

Hollis Johnson/Business Insider Jeff Raider is the cofounder and co-CEO of razor company Harry’s. Raider is also a cofounder of eyeglasses company Warby Parker, and brought its vertically-integrated, direct-to-consumer model to shaving with Harry’s. In an episode of Business Insider’s podcast “This Is Success,” Raider explained how working himself to exhaustion across three jobs taught […]

Shares in one of Britain’s biggest coffee chains surge 20% after Coca-Cola announces $5.1 billion takeover

Daniel Berehulak / Getty US beverage giant Coca-Cola will buy British coffee shop chain Costa in a surprise acquisition. Costa, which is currently owned by Whitbread, is being sold for £3.9 billion ($ 5.1 billion). Coca-Cola currently has no presence in the coffee market, and wants to use the deal to expand into the space. […]