Verizon Leads 5G Airwave Bidding With Record $45 Billion Splurge

By Todd Shields and Scott Moritz

Verizon Communications Inc. committed $45 billion for 5G wireless airwaves in a government auction that attracted record bidding as the largest U.S. mobile carriers race to build faster networks.

At $23 billion, AT&T Inc. was the second-highest bidder, according to the Federal Communications Commission, which ran the auction. Participants also included T-Mobile US Inc. and pay-TV providers such as Dish Network Corp.Comcast Corp. and Charter Communications Inc. Some have already tapped the debt market to help pay the tab. The auction started in December, and within days the tally exceeded analysts’ estimates of $47 billion before settling at $81.2 billion.

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Bitcoin Price Prediction: How Far Could The Bitcoin Bull Run Go?

By Billy Bambrough

Bitcoin has surged to never-before-seen highs over recent weeks, breaking through to levels that seemed unimaginable just a few months ago.

The bitcoin price climbed to almost $60,000 per bitcoin earlier this month before falling back to trade at around $50,000 after Tesla TSLA +6.2% chief executive Elon Musk warned it “seemed high.”

As bitcoin’s mammoth bull run rolls on, some—including MicroStrategy MSTR +18.3% CEO and major bitcoin-buyer Michael Saylor—have said they expect the bitcoin price to climb far higher.

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Teen Use, Mental Health Spur Talk of Pot Curbs: Cannabis Weekly

By Tiffany Kary

A stronger version of a drug comes along and addicts a new generation of kids to an age-old vice.

Sound familiar? That narrative has ensnared the vape industry, resulting in regulatory challenges and ongoing lawsuits over high-nicotine products. And now cannabis faces a similar scenario — with potential ramifications for policies like age limits and potency caps. The industry, still finding its voice on such matters, is planning initiatives to get out ahead of the issues.

Last week, a study that analyzed more than 3 million seventh-, ninth- and 11th-graders found that adolescents may be more likely to use marijuana once it’s legalized for recreational use.

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Will Canadian Cannabis Drinks Finally Get Their Moment With Bevcanna?

By Amanda Siebert

When Canada finally introduced the regulations that would allow edible and drinkable cannabis products in 2019, the industry was abuzz with excitement. A year after legalization, it seemed consumers would finally have access to infused snacks and beverages comparable to products found in legal states south of the border.

The hype attracted major players like Anheuser-Busch, which partnered with Tilray, Molson Coors, which teamed up with Hexo Corp., and Constellation Brands, which joined forces with Canopy Growth. In the U.S., cannabis drinks are considered the fastest-growing segment and licensed producers rushed to be first to market in hopes that the trend would follow in Canada.

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5G and Emerging Technology: The Politics of Diversification

By James Sullivan

The UK government must learn quickly from its policy decisions around its 5G networks, and start grappling much earlier with risks posed by other emerging technologies.

MPs have called on the UK government to identify other critical emerging technologies, highlight the dangers of dependency on high-risk vendors and set out the government’s proposed response. Considerations should include domestic capability and international cooperation, research and supply chain security, and transparent standards setting.

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Mining investors set to enjoy huge cash bonanza

By Neil Hume

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The mining industry underlined its status as one of the hottest spots in a global economy battling back from the pandemic after BHP declared a record dividend and Glencore said it would resume payouts to investors. A blistering run in the price of commodities from their Covid lows in March is fuelling speculation that the world may be in the first leg of a supercycle, fanned by robust appetite in China and expected demand from elsewhere as governments plan large infrastructure projects to help revive growth.

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Bitcoin Smashes Through $50,000 Price As Bull Run Suddenly Accelerates

By Billy Bambrough

Bitcoin, after taking a week-long breather in its blistering 2021 bull run, has suddenly shot higher.

The bitcoin price briefly climbed past the closely-watched $50,000 per bitcoin level for the first time late on Monday evening, hitting $50,110 on the San Francisco-based exchange Coinbase and $50,240 on the Singapore-based crypto derivatives exchange Bybit before falling back.

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WeedStonk! WallStreetBets Traders Spark Swift Rally And Crash In Cannabis Stocks

By Will Yakowicz

What goes together better than video games and weed? After a wild ride with GameStop, day traders on Reddit forum WallStreetBets turned their focus to cannabis stocks this week.

In a matter of days, the stock prices of Canadian cannabis producers listed in the U.S. shot up by hundreds of percentage points—market movements fueled by social media hype and hope that the Biden Administration will legalize marijuana. Yet, a steep reversal came Thursday as traders cashed in on gains.

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Cannabis Cups Have Gone Virtual And You Can Be A Judge

A.J. Herrington

When the Covid-19 outbreak shut down all but essential business activities last spring, event planners in all industries had to adapt to a world without in-person gatherings for the foreseeable future. Many conferences and conventions had to be canceled, while some events were able to adjust and remain relevant in a virtual environment.

The cannabis industry felt the effects of the pandemic like any other, and one of the first events to be modified was the High Times Hemp Cup. Originally planned as a large festival-type affair to be held in Austin, Texas last March, organizers instead had to scrap the public event and announce the competition’s winners in an online awards show.

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