Today we are watching…
1. Aphria (#afra)
Put that vape down! America’s top disease control agency is sounding the alarm over a mysterious outbreak of illness connected to the use of e-cigarettes. 530 people in the US have gone down with the strange affliction, and 9 have died. In the melee that followed this newsflash, industry player Aphria lost almost 8%. Still, the entire industry claims to be safe, and if evidence can confirm that, then a huge weight would be lifted off investors’ shoulders. The stock would almost certainly recover, especially considering the profitable performance of Aphria this year. For now, though, the country needs to get to the bottom of this rogue disease!
2. Uber Technologies (#uber)
In 2017, Transport for London (TfL) told Uber to back off from its cherished black cab taxis. It denied the ride-sharing company a license in the city, which duly kicked off a legal battle and destabilized the tech firm’s footing in other key locations. Unless ride-hailing services drastically change their insurance policies for riders, improve their working standards, and implement strict background checks, London mayor Sadiq Khan won’t let them in. Uber shares dropped heavily when only a 2-month operating license was granted to the company yesterday, with investors obviously still waiting for profits to appear. The longer the losses accumulate, the fatter profits will eventually have to be to offset those red numbers. The pressure is on!
