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* HOME * MAIL * NEWS * FINANCE * SPORTS * ENTERTAINMENT * LIFE * SEARCH * SHOPPING * YAHOO PLUS * MORE... * * Yahoo Finance Tip: Try a valid symbol or a specific company name for relevant results TRENDING TICKERS * SOFI * MSFT * CRBP * IRBT * 3333.HK Sign in NOTIFICATIONS TODAY * News • 13 minutes ago Amazon terminated its proposed $1.4 billion acquisition of iRobot, saying it had no path to regulatory approval in the EU. * News • 2 hours ago Amazon to be 'disruptive force' as it begins ad tier rollout — here's what's at stake * News • 3 hours ago Here's the big investing lesson from sloppy earnings reports out of Tesla, Intel, Levi's, Citi, and others * News • 5 hours ago The Fed will likely hold rates steady this week. Markets want to know when rate cuts will start. OLDER * News • Jan 28, 2024 The Big Mac maker, which reports earnings on Feb. 5, is starting to look unstoppable. * News • Jan 28, 2024 With stocks at record highs, a Fed meeting, big tech earnings, and a jobs report will test the soft landing euphoria. * News • Jan 28, 2024 Wall Street is contemplating how past policies and priorities from the two leading candidates may impact markets. * News • Jan 28, 2024 Childcare expenses are straining American households, forcing families to raid savings and slow spending. * News • Jan 27, 2024 United Airlines resumes Boeing 737 MAX 9 flights after inspections (Reuters) * News • Jan 27, 2024 A typical Black household could afford just 7% of listed homes in 2023, a new analysis finds. * News • Jan 27, 2024 A basic truth is written in plain sight on every long-term chart: All-time highs are often followed by new all-time highs. * News • Jan 26, 2024 Here's a comparison of how the US economy has fared under the two administrations * News • Jan 26, 2024 Here's what Disney, Paramount, Google, and others have in mind when it comes to layoffs in 2024 * News • Jan 26, 2024 S&P 500 ends record-setting streak, but stocks notch weekly win * News • Jan 26, 2024 Pending home sales posted their biggest jump in over three years last month. But they remain at historically low levels. * News • Jan 26, 2024 The Fed just got the inflation reading it wanted * Breaking News • Jan 26, 2024 US stocks open lower as bleak Intel outlook chills techs * Breaking News • Jan 26, 2024 Fed's preferred inflation gauge falls below 3% for first time since March 2021 * News • Jan 26, 2024 Wolfgang Puck's leadership style starts at the top: 'I lead by example' * Morning Brief • Jan 26, 2024 The Fed’s quiet period of record highs * News • Jan 26, 2024 Stock market: History shows record highs aren't a bad time to buy * News • Jan 26, 2024 More companies could walk away from mergers as Biden racks up antitrust wins * News • Jan 26, 2024 Tesla CEO Elon Musk says he wants 'strong influence but not control': See the latest on his push for more power * News • Jan 25, 2024 Weight loss drugs are still all the rage, but Wall Street's view on how they'll affect the market is shifting * News • Jan 25, 2024 S&P 500 hits fresh record, Tesla slides on earnings gloom * News • Jan 25, 2024 A strong GDP report helps Biden, but it may complicate things for the Fed. * News • Jan 25, 2024 Stocks rise at open after GDP shows strong growth; Tesla slides after earnings gloom * Breaking News • Jan 25, 2024 US economy grows at 3.3% rate in Q4, capping off strong year with one final surprise * Morning Brief • Jan 25, 2024 Another reason not to fear the top-heavy stock market rally * News • Jan 25, 2024 Why one giant regional bank no longer wants to be a regional bank * Breaking News • Jan 25, 2024 FAA clears Boeing Max 9 planes for flight after inspections, and Alaska Airlines plans to resume using the aircraft this week * News • Jan 24, 2024 Tesla stock slid after the company reported an earnings miss and warned of declining production growth * News • Jan 24, 2024 Netflix, tech stocks lead as S&P 500 logs another record close * News • Jan 24, 2024 US economic output hits seven-month high, boosting investors' soft landing hopes * News • Jan 24, 2024 Why experts say tech layoffs aren't yet a sign of a broader job market slowdown * Breaking News • Jan 24, 2024 Stocks open higher as Netflix results shine * Morning Brief • Jan 24, 2024 A sustained rally doesn’t have to mean a broad one * News • Jan 24, 2024 Tesla plans to build new electric vehicles in mid-2025: Sources * News • Jan 24, 2024 Tax season kicks off soon. Here's what to expect this year. * News • Jan 23, 2024 Netflix stock jumped after the company reported a surge in subscribers that beat expectations * News • Jan 23, 2024 S&P 500 vaults to fresh high, while earnings help drag Dow lower * News • Jan 23, 2024 Netflix is making a reported $5 billion bet on live events with a deal to stream WWE's Raw * Breaking News • Jan 23, 2024 Stocks tread water as earnings pull down Dow * Morning Brief • Jan 23, 2024 The stock market took a long pause between record highs. History says this is great news. * News • Jan 23, 2024 Chaos in the Red Sea is starting to bite into companies' profits (Bloomberg) * News • Jan 23, 2024 The mental health app data privacy problem is getting worse. See what's at stake. * News • Jan 22, 2024 Why Macy's rejected its $5.8 billion buyout bid — and what's next * News • Jan 22, 2024 Dow closes above 38,000 for first time, S&P 500 hits another record high * News • Jan 22, 2024 One of Wall Street's favorite trades is getting left behind in the stock market's record-setting rally * News • Jan 22, 2024 Stocks rally to open week as Wall Street builds on record highs View all notifications Mail Sign in to view your mail * Finance * Watchlists * My Portfolio * Markets * YF Chartbook * Calendars * Trending Tickers * Stocks: Most Actives * Stocks: Gainers * Stocks: Losers * Top ETFs * Futures * World Indices * Currencies * Top Mutual Funds * Options: Highest Open Interest * Options: Highest Implied Volatility * US Treasury Bonds Rates * Currency Converter * News * Latest News * From the Newsroom * Stock Market News * Earnings * Politics * Economic News * Morning Brief * Personal Finance News * Crypto News * Bidenomics Report Card * Videos * Yahoo Finance Invest * Yahoo Finance Live * ETF Report * Good Buy or Goodbye * FA Corner * Options Pit * Yahoo Finance Plus * Dashboard * Research Reports * Investment Ideas * Community Insights * Webinars * Blog * Screeners * Saved Screeners * Equity Screener * Mutual Fund Screener * ETF Screener * Futures Screener * Index Screener * Analyst Rating Screener * Technical Events Screener * Smart Money Screener * Top Holdings Screener * Personal Finance * CD rates * High-yield savings accounts * Money market accounts * Checking accounts * Online checking accounts * Personal loans * Car insurance * Student loans * Banking * Taxes * Rates * Best rewards credit cards * Best cash back credit cards * Best credit card interest rates * Best travel credit cards * Best balance transfer credit cards * Best business credit cards * Home Buying * Crypto * Sectors * Basic Materials * Communication Services * Consumer Cyclical * Consumer Defensive * Energy * Financial Services * Healthcare * Industrials * Real Estate * Technology * Utilities * Contact Us … * Personal Finance * CD rates * High-yield savings accounts * Money market accounts * Checking accounts * Online checking accounts * Personal loans * Car insurance * Student loans * Banking * Taxes * Rates * Best rewards credit cards * Best cash back credit cards * Best credit card interest rates * Best travel credit cards * Best balance transfer credit cards * Best business credit cards * Home Buying * Crypto * Sectors * Basic Materials * Communication Services * Consumer Cyclical * Consumer Defensive * Energy * Financial Services * Healthcare * Industrials * Real Estate * Technology * Utilities * Contact Us U.S. markets open in 6 minutes * S&P FUTURES 4,916.25 0.00 (0.00%) * DOW FUTURES 38,235.00 -23.00 (-0.06%) * NASDAQ FUTURES 17,543.75 +16.75 (+0.10%) * RUSSELL 2000 FUTURES 1,989.90 +1.40 (+0.07%) * CRUDE OIL 77.36 -0.65 (-0.83%) * GOLD 2,035.30 +18.00 (+0.89%) * SILVER 23.14 +0.27 (+1.17%) * EUR/USD 1.0814 -0.0043 (-0.40%) * 10-YR BOND 4.1010 -0.0590 (-1.42%) * VIX 13.91 +0.65 (+4.90%) * GBP/USD 1.2690 -0.0011 (-0.09%) * USD/JPY 148.0030 -0.1370 (-0.09%) * BITCOIN USD 42,018.63 -431.84 (-1.02%) * CMC CRYPTO 200 885.54 0.00 (0.00%) * FTSE 100 7,646.90 +11.81 (+0.15%) * NIKKEI 225 36,026.94 +275.87 (+0.77%) Moneywise ELON MUSK HAD TO BE DRUG TESTED FOR A WHOLE YEAR AFTER SMOKING WEED ON JOE ROGAN’S PODCAST — AND NOW THE FDA IS THINKING ABOUT DEFINING MARIJUANA AS A LOWER-RISK DRUG. HERE'S WHAT THAT MEANS Read full article 170 Jing Pan Mon, January 29, 2024 at 7:00 AM EST·3 min read Elon Musk had to be drug tested for a whole year after smoking weed on Joe Rogan’s podcast — and now the FDA is thinking about defining marijuana as a lower-risk drug. Here's what that means The most-watched episode of the Joe Rogan Experience podcast to date is episode 1169, featuring Tesla CEO Elon Musk. This particular episode garnered significant attention, not only because viewers were eager to hear from the serial entrepreneur about his latest ventures, but also because Musk did something quite unconventional for a tech billionaire — he smoked weed on camera. Indeed, Musk's 2018 on-air act quickly became headline material for a variety of news outlets, ranging from CNN and BBC to FOX Business. Furthermore, it ignited a flurry of memes across social media platforms. DON’T MISS * Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfolio without the headache of being a landlord * Inflation crisis? Crush it with these 3 explosive investment strategies * Take control of your finances in 2024: 5 money moves to start the new year off strong However, this stunt wasn't without consequences for Musk, who currently holds the title of the world's richest person with a net worth of $204.1 billion. During a 2022 interview on the "Full Send” podcast, Musk shared the aftermath of his appearance on the Joe Rogan Experience, revealing, “The consequences for me and for SpaceX were actually not good, because [weed] is federally illegal and SpaceX had federal contracts.” As a result, Musk found himself subjected to a series of drug tests. “I had to have like random drug tests and stuff after that, to prove that I'm not like a drug addict…They drug tested me for everything, and randomly… I had like a whole year of random drug tests,” he elaborated. In the U.S., the trajectory of cannabis legalization has seen considerable advancement at the state level. By the time Musk took that infamous puff on Rogan’s podcast in 2018, cannabis had already been legalized in multiple states. However, on the federal front, marijuana was — and still remains — categorized as a Schedule I substance under the Controlled Substances Act. Story continues Nonetheless, this status might soon be evolving. Read more: This Pennsylvania trio bought a $100K abandoned school and turned it into a 31-unit apartment building — how to invest in real estate without all the heavy lifting FROM SCHEDULE I TO SCHEDULE III? The U.S. Food and Drug Administration (FDA) has proposed that marijuana be reclassified from a Schedule I to Schedule III substance under the Controlled Substances Act, based on scientific and medical evaluations. This recommendation was recently released in documents by the U.S. Department of Health and Human Services. “After assessing all available preclinical, clinical, and epidemiological data, FDA recommends that marijuana be rescheduled from Schedule I into Schedule III of the CSA,” the documents said. “Schedule III drugs are classified as having a potential for abuse less than the drugs or other substances in schedules I and II, a currently accepted medical use in treatment in the United States, and moderate or low physical dependence or high psychological dependence that may result from their use. NIDA [National Institute on Drug Abuse] concurs with this recommendation.” Transitioning from Schedule I to Schedule III would reposition marijuana from the same classification as heroin and LSD to the category that includes substances like anabolic steroids and ketamine. While the DEA has yet to act on this recommendation, it has the potential to ignite a new era for the cannabis industry. The industry is already flourishing. According to Grand View Research, the U.S. cannabis market was valued at $13.2 billion in 2022. Moreover, this figure is expected to continue its upward trajectory at a compound annual growth rate of 14.2% from 2023 to 2030. WHAT TO READ NEXT * Robert Kiyosaki warns: ‘Cash is trash’ — Discover the power of diversifying with gold now * Jeff Bezos and Oprah Winfrey invest in this asset to keep their wealth safe — you may want to do the same in 2024 * Millions of Americans are in massive debt in the face of rising rates. Here's how to take a break from debt this month This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Tip: Try a valid symbol or a specific company name for relevant results TRENDING * 1. TAX FILING SEASON BEGINS AS IRS STARTS ACCEPTING RETURNS * 2. RPT-UPDATE 1-FINANCIERS GRAPPLE WITH PLANE SHORTAGES AMID BOEING MAX CRISIS * 3. 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