Happy hump day!
Aurora's New Addition
Aurora Cannabis (ACB) shares were marked sharply higher Wednesday after it named billionaire activist investor Nelson Peltz as a strategic adviser to the Canada-based group, reported TheStreet's Martin Baccardax.
Peltz will advise the group on its global acquisition strategy and potential business partnership, Aurora Cannabis said, and will be granted options to purchase around 20% of the company's shares at $10.34 each ($7.74).
Elizabeth Warren Wants to Break Up Big Tech
Elaborating on her proposal to break up the biggest tech companies, Democratic presidential hopeful Elizabeth Warren said Apple (AAPL) needed to be split up, as well, reported TheStreet's Nelson Wang.
Last week, Warren had said that companies like Facebook (FB) , Amazon (AMZN) and Alphabet (GOOGL) had become too dominant and that breaking them up would spur competition and force the companies to be more responsive to users. In particular, Warren said that companies should not be able to both own major platforms and sell their own goods and/or services on them.
In an interview with the Verge over the weekend, Warren indicated that she would include Apple among the tech companies that needed breaking up.
"Apple, you've got to break it apart from their App Store," Warren said. "It's got to be one or the other. Either they run the platform or they play in the store. They don't get to do both at the same time."
Want more exclusive tips from Jim Cramer? Lucky you, his next call kicks off March 14 at 11:30 E.T. Here's how you can watch.