Need a breakdown of what's moving stocks this morning? Jim Cramer's got some topics to chat about.
Aurora's New Addition
Real Money Stock of the Day Aurora Cannabis (ACB) - Get Aurora Cannabis Inc. Report shares were higher Wednesday after it named billionaire activist investor Nelson Peltz as a strategic adviser, 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, But Jim Cramer Doesn't
Elaborating on her proposal to break up the biggest tech companies, Democratic presidential hopeful Elizabeth Warren said Apple (AAPL) - Get Apple Inc. Report needed to be split up, as well, reported TheStreet's Nelson Wang.
Last week, Warren had said that companies like Facebook (FB) - Get Meta Platforms Inc. Class A Report , Amazon (AMZN) - Get Amazon.com, Inc. Report and Alphabet (GOOGL) - Get Alphabet Inc. Class A Report 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.
Jim Cramer responded that he's not so sure that big tech should be broken up because he likes the innovation from the large tech companies.
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How Much Money Will I Need to Retire?
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