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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 28, 2019
Page
3
Wall Street equities slide with the S&P 500, Dow, and Nasdaq dipping as investors flee risk assets for U.S. government bonds and gold amid worries the U.S.-China trade war worsens a global slowdown. The 10-year yield slips below the 2-year, a warning signal echoed by analysts.
Washington officials propose Cannabis 2.0 rules to boost minority ownership, permit home deliveries of medical cannabis, and allow small growers to expand. Liquor and Cannabis Board Director Rick Garza outlines a five year outlook as the agency shifts to broader regulatory oversight with other state departments assisting in labs certification and ownership structures.
BP plans to sell its North Slope interests including Prudhoe Bay and Point Thomson along with the trans Alaska pipeline to Hilcorp Alaska for about 5.6 billion dollars. Harvest Alaska will acquire BP's stake in the pipeline. The deal awaits state and federal approvals as BP pursues a 10 billion dollar asset divestment by 2020.
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