Trump cabinet members discussing use of 25 Amdt for removal
Comes amid one senior staff resignation and talk of others
Military chiefs spoke with VP Mike Pence to activate National Guard after Capitol breach
Trump issued meandering and conflicting statements about incursion
Comes as House Dems revved up impeachment talk
Three squad members including AOC came out for it
Dem leader Rep. Hakeem Jeffries said all options should be on the table
Trump was acquitted on impeachment articles in January
Impeachment would bar future term in office
Chief of manufacturing group floats 25th Amendment idea
Trump protesters stormed the Capitol and stopped the counting of electoral votes
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NEW YORK/LONDON/SYDNEY (Reuters) - Investors are looking ahead to the next U.S. administration after Democrats won control of Congress on Wednesday, a political shift that could strengthen the hand of President-elect Joe Biden in pushing through policies such as more fiscal spending and higher taxes.
A DeKalb County election worker opens absentee ballot envelopes following the U.S. Senate runoff elections in Decatur, Georgia, U.S., January 6, 2021. REUTERS/Elijah Nouvelage
Reports of the attacks on the U.S. Capitol briefly shook markets, but investors said the impact would be temporary at best.
After four years of a low-tax regime that has helped buoy stocks, some investors were concerned that a Democratic-controlled Congress - seen as paving the way for tax hikes and other potentially market unfriendly policies - could weigh on markets.
Shares of
Sundial Growers (NASDAQ:SNDL) continued their recent ascent on Thursday. As of 1:50 p.m. EST, the popular marijuana stock s price was up 10% after rising as much as 22% earlier in the day.
So what
Sundial s stock has received a boost in recent days following Georgia s Senate runoff elections. With the Democrats picking up two seats, they will now have effective control over both the House and the Senate. That, in turn, will give President-elect Joe Biden more support for his policies, which include marijuana reform.
Sundial Grower s stock rose sharply along with other marijuana stocks on Thursday following U.S. Senate elections. Image source: Getty Images.
Democrats Winning Control Of Senate Means Marijuana Legalization Is Coming
Democrats Winning Control Of Senate Means Marijuana Legalization Is Coming
One of the first lines of marijuana-related business that we can expect from the Democratic-controlled Congress in 2021 is an attempt to make the MORE Act law.
Nothing is stopping federal marijuana legalization now. Democrats have taken control of the U.S. Senate after beating the brakes off of the Republicans in Georgia’s runoff election. The victory ends six years of Republican domination in the upper chamber. But more than that, it puts the Democrats in control of both houses, allowing the party to push its legislative agenda full steam ahead. It’s a unique situation that finally gives marijuana reform a fighting chance at going nationwide.