Explainer-How US marijuana reclassification could help cannabis companies

The Irish Central Bank has raised its growth forecasts, indicating that the economy is showing resilience against headwinds from the US economic landscape. This adjustment reflects a positive outlook amid global uncertainties, particularly those stemming from the US market.

Former President Donald Trump has signed an executive order aimed at easing federal regulations on marijuana, a move that has generated optimism within the cannabis industry. This decision is seen as a significant shift in the regulatory landscape, potentially leading to increased investment and growth opportunities in the sector.

Gold and silver prices are hovering near record highs, buoyed by slower-than-expected inflation data from the US, which has reinforced expectations for further interest rate cuts by the Federal Reserve. Platinum is also approaching a 17-year peak, indicating strong demand across precious metals.

Asian equities experienced gains following the release of US inflation data, which indicated a cooling trend, thereby strengthening the case for potential interest-rate cuts by the Federal Reserve. This positive sentiment also contributed to a rise in American stocks, alleviating previous concerns in the tech sector.

The Trump family has entered into a significant deal with TAE Technologies, a fusion energy firm, which includes a joint venture with the UK government's atomic laboratory. This partnership aims to advance nuclear fusion technology, reflecting a growing interest in sustainable energy solutions.

Belarus is preparing for a significant agreement with the United States, as stated by President Lukashenko, emphasizing that this deal will not come at the expense of its relationship with Russia. This development indicates a potential shift in Belarus's foreign policy as it seeks to engage more with the US while maintaining its ties with Moscow.

Prices in the US rose by 2.7% over the 12 months leading to November, according to the latest consumer price index (CPI) data, indicating an unexpected easing in inflationary pressures during this period.

Elliott Investment Management, the owner of Waterstones and Barnes & Noble, is reportedly preparing to list the booksellers on the stock market, with a preference for an initial public offering (IPO) in London over New York, according to the Financial Times.